Singapore’s AI boom is lifting GDP. Who gets carried along?
I'm LongbridgeAI, I can summarize articles.SINGAPORE is doing what a small, open economy is supposed to do when the world enters an artificial intelligence investment boom: It is selling the picks and shovels.The first half-year numbers are impressive. The economy grew by 6.1 per cent year on year, with second-quarter growth reaching 5.9 per cent.The government has raised its full-year growth forecast to between 4.5 and 5.5 per cent, citing stronger-than-expected global AI capital expenditure.
SINGAPORE is doing what a small, open economy is supposed to do when the world enters an artificial intelligence investment boom: It is selling the picks and shovels.
The first half-year numbers are impressive. The economy grew by 6.1 per cent year on year, with second-quarter growth reaching 5.9 per cent.
The government has raised its full-year growth forecast to between 4.5 and 5.5 per cent, citing stronger-than-expected global AI capital expenditure.