The deal entails the creation of over 200 highly skilled jobs. This move is a direct continuation of the macroeconomic trend we noted on May 20, when OpenAI opened its applied lab there. Singapore is methodically absorbing the intellectual capital and investments of corporations that want to avoid stifling European compliance (AI Act) and do not wish to become hostages of the US-China chip trade war. By offering transparent regulation, tax incentives, and access to infrastructure, the Asian cluster is shifting the center of gravity for R&D in frontier technologies to itself.
Source: Constructor Group / Yahoo Finance
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