The government announced S$150 million for the Marvel-AI materials platform and a Champions of AI cohort of 24 companies. Iggy and Angela use one newspaper report to ask who gets the money, who is only named, and what a listener can check in the next results.
My uncle heard S$150 million was going into AI and assumed the big listed names on the announcement must be receiving some of it. The transcript says the money goes to Marvel-AI, a materials research platform, while the 24 Champions of AI companies are named for a programme with no funding or revenue figures mentioned. I separate the two announcements and explain why a company being named is not the same as a company being paid. Then I give you the three numbers to look for in the next results.
Key takeaways:
The S$150 million funds the Marvel-AI materials research platform, not any listed company named in the report.
ST Engineering and Foxconn Industrial Internet are named as industry partners looking for new materials.
Nine of the 24 Champions of AI companies are named, including OCBC, UOB, Singtel, Seatrium, Sembcorp Industries, Keppel, CapitaLand Investment, Singapore Airlines and ST Engineering.
UOB’s S$900 million AI economic-value target was announced previously and is not tied to the programme in the report.
Check future results for a spending figure, a productivity or savings figure, and a target with a measure and date.
