Singapore start-ups show that AI isn’t just a Big Tech playground
Two AI start-ups from JTC’s LaunchPad @ One-North offer a glimpse of how smaller firms are trying to turn advances in AI into commercial businesses.
Singapore's start-ups are illustrating that artificial intelligence is no longer confined to the realm of large technology corporations. The industry's next frontier involves maximizing the impact and accessibility of frontier intelligence to boost productivity. According to the World Economic Forum, AI tools could contribute up to 14 percent of global GDP by 2030.
Singapore-based start-ups are leading the way in turning cutting-edge AI into practical solutions for businesses. Juliana Lim, chief startup launchpad officer at JTC, highlights start-ups as the "canary in the coal mine," often uncovering opportunities that larger organizations might overlook. JTC's LaunchPad @ One-North has nurtured over 2,400 start-ups since its inception in 2015, with nearly two dozen AI-focused firms calling One-North home.
Two such companies, Invigilo and dConstruct Robotics, demonstrate the challenges and opportunities of commercializing AI innovations. Invigilo, led by Vishnu Saran and Anand Kumar, employs AI-powered video analytics to enhance workplace safety and productivity. The platform uses computer vision to identify unsafe behaviors and conditions in real time, helping companies in various industries, from construction to oil and gas, improve safety and efficiency. dConstruct Robotics, co-founded by Chinn Lim and Hazel Kuok, focuses on AI and autonomous robotics solutions.
Their work involves creating software and hardware that enable robots, drones, and unmanned vehicles to navigate, map, and inspect environments. Both companies illustrate the hurdles of integrating AI technologies into existing workflows, requiring human oversight to teach AI systems what constitutes accurate and inaccurate data.
Despite these obstacles, Singapore's AI start-up ecosystem continues to grow and evolve, with more firms poised to capitalize on the transformative potential of artificial intelligence.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
