‘No boom is forever’: Singapore must seize AI opportunity before correction, says PM Wong
Singapore Prime Minister Lawrence Wong warned that the current economic boom driven by artificial intelligence will eventually face a correction. He urged the nation to capitalize on the current window to build long-term capabilities and create high-quality jobs.
Why it matters
This reflects the strategic economic planning of a major global financial hub as it navigates the volatility of the AI-driven tech sector.
Speaking at the Forbes Global CEO Conference, Prime Minister Lawrence Wong also touched on how countries should deal with the risk of powerful and autonomous artificial intelligence (AI) systems going rogue.
Prime Minister Lawrence Wong, and Forbes Media chairman and editor-in-chief Steve Forbes during the Forbes Global CEO conference at Shangri-La on Oct 8, 2026. (Photo: CNA/Ili Mansor)
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