The Monetary Authority of Singapore released a memorandum of understanding with Google Cloud to improve generative AI abilities and evaluate its ethical use.
The said collaboration will also help technologists deepen their AI skill sets.
Singapore’s central bank MoU has a framework that includes “identifying potential use cases, conducting technical pilots, and co-creating solutions in responsible generative AI for MAS’ internal and industry-facing digital services.”
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Under this framework, various parties will cooperate on responsible generative AI technology application development, as well as a test-bed of cutting-edge AI products for business operations and functions.
The framework also outlines the support of technical competency development for responsible generative AI and AI skill sets for MAS technologists.
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