Some of the world’s biggest technology giants and multinational corporations have established artificial intelligence (AI) centres of excellence in Singapore, citing the country’s business-friendly conditions. Financial services firm Prudential launched its Prudential AI Lab in Singapore to accelerate the adoption of AI across the organisation. From the lab’s soft launch in August 2024 to November 2024, Prudential received over 100 AI use cases from across 24 markets in Asia and Africa. The organisation has also partnered Institutes of Higher Learning such as NUS, SMU, RP, and SP to nurture the next generation of AI talent.