While the adoption of artificial intelligence (“AI“) technology by governments and businesses has been swift and widespread, there remain certain barriers to the implementation of AI solutions, particularly in the cross-border context. This is largely due to the regulation of technical standards of AI technology, which is still in its early stages. Further, the applicable standards may differ across jurisdictions, leading to difficulties in compliance in cross-border deployment.
In this regard, Singapore and US have taken an important step towards cooperation and technical standards equivalency on the AI front. The inaugural US-Singapore Dialogue on Critical and Emerging Technologies (“CET“) was launched on 12 October 2023, and aims to upgrade the bilateral partnership between the countries on the frontiers of scientific and technological enterprise. Singapore and US intend to anchor the CET Dialogue and corollary lines of efforts in certain key areas, one of which is AI. This includes information sharing and consultation on AI standards and collaboration on responsible AI research and development.
On the US front, US President Joe Biden on 30 October 2023 issued an Executive Order that aims to establish new standards for AI safety and security while also promoting innovation and competition, monitor and regulate the risks of AI while also harnessing its potential. White House officials have stated this to be the most significant action on AI by any government.
The launch of these efforts signals a move towards the development of easier and faster bilateral cross-border deployment of AI technology between Singapore and US, highlighting Singapore’s position as the preferred and natural entry point for US AI technology companies into Asia and the region. It also underscores the expansion opportunities for Singapore companies seeking entry into US markets.
In this Update, we look at the key features of the US-Singapore CET Dialogue in the area of AI, what it means for businesses in this field, and Rajah & Tann’s role in facilitating the utilisation of relevant opportunities in terms of legal and compliance issues.
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