Good afternoon to members of the press and my fellow panel members. Delighted to be here at the joint press conference with WEF C4IR and industry partners.

2          Singapore, together with WEF and industry partners will be taking a big step forward today in AI governance. Collectively, we are building a trusted AI environment that will guide organisations to deploy AI responsibly.

Singapore’s Approach to AI Governance

3          These efforts build on what Singapore had shared last year in Davos. Last year in Davos, Singapore launched the Model AI Governance Framework to guide businesses to deploy AI at scale in a responsible manner.

4          This framework translates ethical principles into pragmatic measures that businesses can adopt voluntarily, and have a ready-to-use tool to help deploy AI in a responsible manner.

5          A year on, the Framework has gained further traction and support.

i. We have been working with WEF C4IR to promote the use of the Model Framework, including engaging companies locally and internationally on the World Economic Forum platforms.
ii. International and local companies across diverse sectors have adopted or aligned their practices to it.

6          This year in Davos, I am pleased to announce today that Singapore is taking yet another step forward in AI Governance.

7          Together with our partners, we are releasing three AI governance initiatives to further guide organisations in deploying AI responsibly. These are the:

i. Implementation and Self-Assessment Guide for Organisations (ISAGO)
ii. Second edition of the Model Framework
iii. Compendium of Use Cases

8          Let me elaborate.

Implementation and Self-Assessment Guide for Organisations (ISAGO)

9          As part of Singapore’s collaboration with WEF C4IR to drive AI and data innovation, we have co-developed an Implementation and Self-Assessment Guide for Organisations (ISAGO).

10          This guide will help organisations assess the alignment of their AI governance practices with the Model Framework. It also provides an extensive list of useful industry examples and practices to help organisations implement the Model Framework.

11          The guide was developed in close consultation with the industry, with contributions from over 60 organisations across the globe.

12          These include Microsoft and Suade Labs who are here with me on the panel today, as well as other established industry partners such as DataRobot, DBS Bank, KPMG, Google, Mastercard, Salesforce, and Visa.

13          This guide will pave the way for future peer assessment. Professionals who are proficient in AI governance could use the ISAGO to guide organisations in implementing the Model Framework or assess the organisations’ implementation.

Second Edition of the Model Framework

14          Secondly, we continue to enhance the Model Framework to keep pace with rapid developments in AI. The second edition is enhanced with real-world, practical examples of how organisations have implemented the Model Framework. It also includes additional considerations for responsible AI deployment, such as robustness and reproducibility. It is the result of extensive consultation with industry and governments internationally.

15          Today, 15 organisations globally have taken up or aligned themselves to the Model Framework.

Compendium of Use Cases

16          In fact, together with these organisations, we are also releasing a Compendium of Use Cases to complement the Second Edition of the Model Framework and ISAGO. These Use Cases demonstrate how various organisations across different sectors – big and small, local and international – have implemented or aligned their practices with the Model Framework. This adoption demonstrates the relevance and practicality of the Model Framework for organisations deploying AI.

17          We believe that these three AI governance initiatives will be of interest and practical value to companies looking to deploy AI.

18          These three interlinked publications are Singapore’s continuous contribution to global AI discourse and developments on AI ethics and governance.

19          We look forward to engaging more like-minded partners, as we work collectively to strengthen the model for AI-related policies and standards.

20          This work, we believe, will pave the way for the next bound in global digital economy developments by fostering trust and strengthening collaboration between public and private sectors and also with all other stakeholders.

21          Thank you again for joining me today.

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