Singapore’s central bank to work with Google on AI

The Monetary Authority of Singapore

George Johnson

- Central Banking Newsdesk
- 01 Jun 2023

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The Monetary Authority of Singapore will work with Google to develop ways to use generative artificial intelligence, it announced on May 31.

The MAS and Google signed a memorandum of understanding saying they will carry out work “grounded on responsible AI practices.” In a statement, the MAS said the programme will develop generative AI applications both for its internal use and for the financial industry.

Google will also help MAS technologists improve their AI skills. The announcement comes a

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