S’pore wants to boost power infrastructure in the region

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S’pore wants to boost power infrastructure in the region
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(Reuters) - Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have critisised European regulations surrounding open-source artificial intelligence, saying the continent risks falling behind because of complex rules.

Sharing ideas: Indranee speaking to media delegates during the Malaysia n Journalists’ Visit Programme to Singapore .

“This is a good pilot project. The clean energy generated can then be shared within the region, which, of course, will pay for it,” she told members of the Malaysian Journalists’ Visit Programme to Singapore recently. “We are an infrastructure hub because we are a financial centre, which means that funds come here and funds will be looking for investments and projects.

Noting that financial means is necessary to build a dam, railways or roads, she further said that “project finance, by its definition means that the money is given upfront”. “So they’re not quite so willing anymore to put money into an infrastructure project unless they are convinced that the project is green.

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