SINGAPORE: OpenAI will open its first applied AI lab outside of the US in Singapore, the city-state’s Ministry of Digital Development and Information said on Wednesday.

Here are the details:

OpenAI’s staffing in Singapore will grow to around 200 roles “in the next few years”, and the company said it would commit more than S$300 million ($235 million) to the city-state.

OpenAI and Singapore will collaborate to advance applied AI innovation, build AI talent, and make AI accessible to citizens, enterprises and the public sector.

The move comes as Singapore bets on AI to transform its economy, aiming to become an AI hub that attracts leading AI firms.