"Any sufficiently advanced technology is equivalent to magic"
— Arthur C. Clarke
The UK government has established the AI Economics Institute (AIEI) to study and track AI’s economic impacts on labor markets, productivity and growth.
The announcement in Singapore follows another $1 billion investment deal in Thailand made two days ago by Microsoft amid the tech giant’s aggressive push into South East Asia markets.
Microsoft claims its $1 billion investment will bring trusted and inclusive access to cloud and AI technology while helping skill millions of Thai citizens.
Microsoft’s expansion into Texas comes even as OpenAI backed off from the deal.
