Singapore's digital economy contributed 17.7% to GDP in 2023: IMDA

Singapore's digital economy contributed 17.7 per cent to GDP last year, surpassing that of the finance and insurance sector and on par with the manufacturing sector, according to a report by the Infocomm Media Development Authority. But only 4.2 per cent of SMEs adopted AI, compared with 44 per cent uptake for larger firms. Chloe Teo and Nicolas Ng report.