AI adoption surges in Asia as companies set up new hubs in Singapore, India - The Economic Times
AI adoption surges in Asia as companies set up new hubs in Singapore, India - The Economic Times
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AI adoption surges in Asia as companies set up new hubs in Singapore, India
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AI adoption surges in Asia as companies set up new hubs in Singapore, India
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AI adoption surges in Asia as companies set up new hubs in Singapore, India
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Last Updated: Aug 26, 2026, 03:47:00 PM IST
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Synopsis
AI and generative AI investment in Asia is projected to reach $175 billion by 2028. Many employees across Asia-Pacific already use AI at work weekly. Singapore and India are becoming important bases for AI development and deployment. Companies are increasingly using AI tools to transform their business workflows.
Agencies
Singapore has emerged as Southeast Asia’s dominant AI fundraising hub, accounting for nearly all regional Native AI capital in Tracxn’s latest data.
US-based artificial intelligence startup Rogo Technologies, whose platform automates much of the routine work performed by junior investment bankers, is making Singapore the centre of its Asia-Pacific expansion, according to a Bloomberg report.
The company is opening an office in the city-state and hiring in Tokyo and Sydney as well as Singapore. It plans to have 150-200 employees in the region by the end of 2027.
Rogo already has more than 350 clients globally, with over 50,000 bankers and investors using its platform. In Asia, Nomura Holdings and Daiwa Securities use Rogo, while Barclays has rolled it out across its Asian offices, Bloomberg reported, citing people familia