Oracle, DISG fund 300 firms to slash AI cost barriers
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Oracle and the Digital Industry Singapore (DISG) are collaborating to fund 300 Singapore-based firms with up to $250,000 each to enhance their AI capabilities. This initiative, part of the government’s ‘Enterprise Compute Initiative’, includes a total sponsorship of $1.9 million for private cloud infrastructure. The government will also subsidize up to 70% of consultancy costs, aiming to lower barriers for companies developing in-house AI teams or Centres of Excellence.
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