About the Research.

In this paper, we used a range of different methods to quantify the economic and social potential of AI for Singapore:

  • We created a new set of economic models, exploring the potential of AI for labour productivity and business efficiency across the economy.
  • We ran new representative polling of 1,005 online adults in Singapore. Fieldwork for this study took place between 14th February – 6th March 2025. Results quoted here are weighted by age group, gender, and education level to nationally representative proportions. While we undertook our best efforts to make the sample as representative as possible with extensive attention checks and neutral question design, all polling is subject to the potential for response bias and our sample does not include non-online adults.

You can access our detailed methodology here.

You can access the appendix of additional datapoints not included in this report here.

This report has been prepared by Public First for Google. All information in this report is derived or estimated by Public First analysis using both non-Google proprietary and publicly available information. Google has not supplied any additional data, nor does it endorse any estimates made in the report. Where information has been obtained from third-party sources and proprietary research, this is clearly referenced in the endnotes.

With the exception of desktop researched claims which have been footnoted, all claims in the report have been derived based on Public First modelling or polling. All estimates given here are Public First’s best estimate at the time of publication. All calculations were done in US$, and have been converted to local currency based on average exchange rates in the last year.

This report has been prepared solely for information purposes over a limited period of time to provide a perspective on the market. It is not intended for investment purposes. Projected market and financial information, analyses, and conclusions contained in this report should not be construed as definitive forecasts or guarantees of future performance or results.

Google, Public First and their respective affiliates, or any other third party involved make no representation or warranty, either express or implied, as to the accuracy or completeness of the information in the report and shall not be liable for any loss arising from the use of this report.

Public First is a global strategic consultancy that works with organisations around the world to better understand public opinion, analyse economic trends and craft new policy proposals. For more information, please visit our website.

Endnotes.

  1. Transformer: A Novel Neural Network Architecture for Language Understanding, Google Research (2017).
  2. Economic Impact Report: Strengthening Singapore’s AI Leadership with Google, Access Partnership (2024).
  3. The Potentially Large Effects of Artificial Intelligence on Economic Growth, Goldman Sachs (2023)
  4. AI-driven growth: Navigating the path to new markets, World Economic Forum (2024)
  5. Singapore’s growing financial and telecom industries, LSEG (2024); Global Financial Centres Index 36, Z/Yen and China Development Institute (2024)
  6. Future of Work, LinkedIn, 2023
  7. Unlocking APAC’s Digital Potential: Changing Digital Skill Needs and Policy Approaches, AWS, 2023
  8. Future of Work, LinkedIn (2024)
  9. $1.4 trillion lost to scams globally; S’pore victims lost the most on average: Study, Straits Times (2024)
  10. The state of AI in 2022—and a half decade in review, QuantumBlack by McKinsey (2022)
  11. Autonomous supply chain planning for consumer goods companies, McKinsey (2022)
  12. From Eroom’s Law to Moore’s Law”, Medium, 2020
  13. From Eroom’s Law to Moore’s Law”, Medium, 2020
  14. ASPE, 2014
  15. How Singapore punches above its weight in drug discovery and development, A*STAR (2024).
  16. Annual Hiring Targets for Healthcare Workers, Ministry of Health Singapore (2024)
  17. NUH team invents AI tool to accelerate diagnosis of lumbar spinal stenosis, National University Health System (2024).
  18. Seniors Staying Alone, Ministry of Health Singapore (2023)
  19. Mental health a national priority, says DPM Wong; 28,000 more to be trained to help in community, The Straits Times (2024)