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The truth about AI: Firms will profit, workers will lose jobs

Even if Singapore navigates the disruption well, it could still be hurt by the knock-on effects from reduced trade and demand.

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Singapore will be among the front ranks of those better prepared for this new era but that does not mean it will escape the fallout in its extended neighbourhood, says the writer.

Singapore will be among the front ranks of those better prepared for this new era but that does not mean it will escape the fallout in its extended neighbourhood, says the writer.

PHOTO: LIANHE ZAOBAO FILE

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One of the highlights of

the recent dialogue with Prime Minister Lawrence Wong

, organised by the Institute of Policy Studies and Singapore Business Federation, came when Professor Tommy Koh asked about how Singapore will help those people left behind by the rapid advances in technologies such as artificial intelligence – noting that even new graduates were having difficulty getting jobs.

PM Wong explained that more than the early movers and those at the cutting edge of technology, it was the broad-based adoption of technology that would decide the winners and losers.

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