Singapore’s AI ROI Reality: High Spend, Hard Returns
A new report reveals a shocking gap between AI spending and actual results.
Deep Dive
A major new report shows companies in Singapore are spending an average of $19 million on AI projects, but only 23% are getting the financial returns they expected. Globally, over half of CEOs say AI hasn't saved them money or grown their revenue. The findings suggest businesses are struggling to turn AI hype into real-world savings, especially in high-cost, tightly regulated markets like Singapore where skilled workers are hard to find.
Why It Matters
This means the AI boom may not deliver promised savings, affecting jobs, prices, and which companies survive.