More than 60 centres of excellence dedicated to promoting the use of artificial intelligence (AI) across various sectors have been set up here.
On 24 January, Minister for Digital Development and Information Josephine Teo announced a S$1 billion national plan to boost similar AI research capabilities in public research institutions, as Singapore doubles down on its AI ambitions.
The five-year plan, slated to last until 2030, will see the establishment of research centres of excellence (RCEs) that will host teams of researchers who study core AI models and technologies for various applications.
These RCEs will complement the current network of more than 60 AI Centres of Excellence, which were launched by technology firms in conjunction with the Government to help drive AI adoption in enterprises. But there will be fewer RCEs, and each centre is backed by larger investments.
Here is a look at some of the key centres of excellence and research labs that companies within various sectors, such as finance, transport, and agriculture, have set up to drive AI adoption.
1. UBS
Singapore is home to the Swiss bank’s largest and first AI and transformation factory, with more than 150 employees consisting of programmers, data scientists, and product managers.
During a media tour in October 2025, the team demonstrated products developed in-house, such as an AI-powered tool that helps to reduce the amount of time employees spend on doing background checks on its wealth management clients.
The process traditionally takes two weeks, and such a tool helps to dramatically reduce the time spent on a tedious process.
More than half of the employees in this department come from a non-tech background, including Ms Ruth Hong, who led the design of the Know-Your-Client tool after working in the bank’s operations team.
Having employees who understand the pain points in business processes, and not just AI specialists such as data scientists and machine learning, is also crucial to how the sector can strengthen its competitiveness, said Mrs Teo during the tour.