PwC to open $5.16m AI hub in Singapore

The project is supported by the Singapore Economic Development Board.

PwC announced plans to open a new AI Hub to help establish standards to introduce AI technology, develop and scale local AI capabilities, and foster strategic alliances for market entry.

The professional services firm is committing over $5.16m (US$4m) in Singapore over three years to establish this AI Hub, with support from the Singapore Economic Development Board (EDB).

"Singapore was the clear choice as the location for the AI Hub, given our strong infrastructure, economic stability and pro-business government policies that support innovation and technological development at scale. As a popular regional HQ hub, Singapore is the natural fit to advance PwC’s AI ambitions,” Marcus Lam, Executive Chairman at PwC Singapore, said.

PwC said this aligns with its initiatives to support clients in unlocking the value of AI at enterprise scale.