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Singapore’s Central Bank and Google Cloud Collaborate on Responsible Generative AI

On 31 May 2023, the Monetary Authority of Singapore (MAS) and Google Cloud signed a memorandum of understanding[1] to collaborate on generative artificial intelligence (AI) solutions that are rooted in responsible AI practices.

The goal of this tie-up is to promote the use of responsible generative AI applications within MAS, which is Singapore’s central bank, by:

  • Identifying potential use cases, conducting technical pilots, and creating responsible generative AI solutions for MAS’ internal and industry-facing digital services
  • Developing responsible AI applications, by test-bedding these for business functions and operations
  • Developing technical competencies and deep AI skillsets for technologists working with MAS


This effort is geared towards strengthening Singapore’s position as a leading financial and technology hub. The partnership will encourage and help more of the financial sector to adopt responsible AI, which could unlock a greater array of benefits for both businesses as well as consumers at large.


© Copyright 2023 Squire Patton Boggs (US) LLPNational Law Review, Volume XIII, Number 152

About this Author

Charmian Aw Cybersecurity Corporate Attorney Singapore

For more than 16 years, Charmian Aw has represented market-leading global corporations in navigating the increasingly complex, diverse and fast-evolving tech and data legal landscape in the Asia Pacific region.

Having obtained certifications in information privacy for Asia, Europe and the US (FIP, CIPP/A, CIPP/EU, CIPP/US, CIPM), Charmian has spearheaded multijurisdictional projects (covering up to 82 jurisdictions) on regulatory compliance, data governance, cybersecurity readiness and cross-border transfers.

She has...