The private investment firm behind Singapore-based fintech hub Lattice80 has plans to make the city-state the center for artificial intelligence startups. And there is more to come.
Artificial intelligence in many ways remains at the research stage and has yet to make the step to become commercially viable. Marvelstone Group, the operator of Lattice80 in Singapore, intends to launch a separate hub for artificial intelligence, helping startups prepare their ideas for deployment by government and companies.
The main purpose of the hub will be to nurture as many as 100 startups per year in the field of artificial intelligence, according to the business plan presented by Marvelstone Group. The company also intends to train up to 1,000 people per year and to include intellectual property (IP) generation.
Attracting Talent to Singapore
«Our goal will be to build 100 AI startups per year and attract global AI talent to come to Singapore,» said Joel Ko Hyun Sik, president of Marvelstone Group.
The company also plans to start similar hubs in Japan, Scotland and Canada. Marvelstone Group is convinced that there is high demand for artificial intelligence and too few places to test new technologies.
