REACH 517 - What are your views on Singapore’s renewed AI strategy? How can we ensure that more people benefit from technological developments despite potential disruptions?

(SK)

06 Dec 2023 (10am - 7pm)

REACH

6/12/23, 9:45 am - +REACH: *Dear Contributors,*

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6/12/23, 9:58 am - ~ REACH Singapore changed the group description

6/12/23, 10:00 am - +REACH: 📢Topic📢

On Monday (4th Dec), Deputy Prime Minister Lawrence Wong, speaking at the Singapore Conference on artificial Intelligence (AI), said that there is a need to update Singapore’s original AI strategy due to recent breakthroughs in generative AI.

Dubbed National AI Strategy 2.0: AI for the Public Good for Singapore and the World, the new strategy focuses on nurturing talent, promoting a thriving AI industry and sustaining it with world-leading infrastructure and research that ensures AI serves the public good.

💬 *What are your views on Singapore’s renewed AI strategy? How can we ensure that more people benefit from technological developments despite potential disruptions?* 

📌 *_Nurturing talent_*

DPM Wong said to nurture talent here, Singapore aims to triple its number of AI practitioners to 15,000 by training locals and hiring from overseas. The group includes data and machine-learning scientists and engineers who are the backbone of translating AI into real-world apps.

📌 *_Protecting jobs_*

DPM Wong said said there is likely to be significant changes in job roles, and the Government will invest significantly in training to ensure that workers here can adapt.

📌 *_Developing the industry_*

Many AI-related firms here are using AI on a project basis and for specific uses, but they can do more to go beyond the needs of a specific company to benefit the wider industry, said DPM Wong. He added that “There is potential for such industry-wide platforms in key areas like advanced manufacturing, financial services and biomedical studies, where Singapore is already operating at the leading edge.”

📌 *_Developing infrastructure_*

DPM Wong also shared that Singapore would not be able to compete with major powers in assembling raw computing power but it would do everything it could to ensure that it has the computing power to meet its growing research and industry demands.

👉https://www.straitstimes.com/singapore/singapore-updates-strategy-to-tackle-new-risks-of-generative-ai-implications-for-humanity

👉https://www.channelnewsasia.com/singapore/national-ai-strategy-artificial-intelligence-talent-iconic-site-3963971

6/12/23, 10:00 am - ~ REACH Singapore changed this group's settings to allow all members to send messages to this group

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6/12/23, 10:11 am - +Kenneth Lee WM: it's a good thing.

6/12/23, 10:13 am - +Frankie Wee: Indeed incredible

6/12/23, 10:16 am - +Frankie Wee: Singapore land is small but industry 4.0 business system is fast. Ai can working long team and speed productive.

6/12/23, 10:33 am - +Smiley face: 6 December, 2023

Is the Asia century just a dream or a prolonged dream coming to fruition?

"From the South to the North and the East meets the West; once again, in the testament of history, the coming new world dynamics are about people and migrations. These human movements will bring along talents, capital, the formation of new ethos, new technological innovations, new opportunities for the brave ones."

- - anonymity

6/12/23, 10:47 am - +Darius Lee: AI is a useful tool. But like any other tool, AI can be used for good or bad purposes. More than just developing talent on AI, we need to develop the proper ethical, moral and legal norms and frameworks to govern the proper use of AI. I hope that more efforts can be invested in that direction.

6/12/23, 10:54 am - +Smiley face: The Good, the Bad and the Ugly....all tangibles or intangibles come in these shapes and orders...?

6/12/23, 10:55 am - +Smiley face: AI to GAI to SAI....

G means generative and S means Super...

Now we are in the era of GAI.

6/12/23, 11:29 am - +Smiley face: 3 December, 2023

The Airlines Intelligence: Hot Seats and Cold Seats" 

"If we assume 2/3 of a calendar year to be hot selling months and 1/3 being the laggard. If we further assume in an unprecedented year of crisis, rate of sell through fell to half the YOY and the margin of errors of the quarterly revenue and the next quarter are above 20% then it is perhaps wiser to start investing and building the next generation of analytical models using GAI to replace all currently known statistics models of forecasting and predictive analytics and slicing the standard deviation into ten tenth of one SD."

- - anonymity

          - -  in progress - -

6/12/23, 11:48 am - ☸️  Danny 心: 

https://www.youtube.com/watch?v=0Z4v9cgLOpg

6/12/23, 11:48 am - ☸️  Danny 心: 

"As Singapore faces deepfake surge, authorities warn of threats from cybercrime, online scams.

Deepfakes refer to media that has been altered by artificial intelligence (AI), using a technique called facial re-enactment to manipulate the performance of a subject in an existing video."

 https://www.channelnewsasia.com/singapore/regulation-will-always-be-chasing-technology-education-key-combating-risks-ai-and-deepfakes-experts-cybercrime-3966226#:~:text=As%20Singapore%20faces,an%20existing%20video.

6/12/23, 11:52 am - ☸️  Danny 心: 

"Hackers use AI to bypass biometrics security"

 https://www.itweb.co.za/content/LPp6VMrBgVoMDKQz#:~:text=Hackers%20use%20AI%20to%20bypass%20biometrics%20security

6/12/23, 11:56 am - ☸️  Danny 心: 

So our AI strategy on top of :-

1. Nurturing talents

2. Protecting jobs

3. Developing the industry

4. Developing infrastructure

Need to have another strategy:-

5. Safeguard against AI scams and deepfakes. <This message was edited>

6/12/23, 11:59 am - ☸️  Danny 心: 

GAI (Generative AI) - can be misused by Adversarial P.....

Deepfakes can also be created by Adversarial N.. N...

6/12/23, 12:00 pm - +Liang Wei: 6. Ethics , mitigating n maximising social impact.

6/12/23, 12:03 pm - ☸️  Danny 心: <Media omitted>

6/12/23, 12:12 pm - ☸️  Danny 心: 

"WormGPT, WolfGPT and FraudGPT - how to spot scams created by ChatGPT’s ‘evil cousins’"

 https://uk.news.yahoo.com/wormgpt-wolfgpt-and-fraudgpt---how-to-spot-scams-created-by-chatgpts-evil-cousins-152632796.html#:~:text=WormGPT%2C%20WolfGPT%20and%20FraudGPT%20%2D%20how%20to%20spot%20scams%20created%20by%20ChatGPT%E2%80%99s%20%E2%80%98evil%20cousins%E2%80%99

6/12/23, 12:12 pm - ☸️  Danny 心: 

"Deepfake video of Taylor Swift speaking Mandarin sparks discussion over AI in China"

 https://www.straitstimes.com/asia/east-asia/deepfake-video-of-taylor-swift-speaking-mandarin-sparks-discussion-over-ai-in-china#:~:text=Deepfake%20video%20of%20Taylor%20Swift%20speaking%20Mandarin%20sparks%20discussion%20over%20AI%20in%20China

6/12/23, 12:12 pm - ☸️  Danny 心: 

AI generated photos.

6/12/23, 12:12 pm - ☸️  Danny 心: <Media omitted>

6/12/23, 12:32 pm - ☸️  Danny 心: https://news.google.com/articles/CBMiTGh0dHBzOi8vd3d3LmJ1c2luZXNzaW5zaWRlci5jb20vYWktdGVjaC1qb2JzLWxheW9mZnMtY2Vvcy1jaGF0Z3B0LWlibS0yMDIzLTXSAVBodHRwczovL3d3dy5idXNpbmVzc2luc2lkZXIuY29tL2FpLXRlY2gtam9icy1sYXlvZmZzLWNlb3MtY2hhdGdwdC1pYm0tMjAyMy01P2FtcA?hl=en-SG&gl=SG&ceid=SG%3Aen 

CEOs are getting closer to finally saying it — AI will wipe out more jobs than they can count.

6/12/23, 12:36 pm - +Smiley face: STANDARDIZATION of digital AI platforms across sectors of businesses and industries will be the answers to the rate of adoption and the success in the final implementing after the post beta stage.

What will Microsoft do?

6/12/23, 12:41 pm - +Rose M K Ho: Agree ...

6/12/23, 12:41 pm - ☸️  Danny 心: 

Hence eventually, the AI space will need to develop an additional professional - AI cyber-security professional.

6/12/23, 12:47 pm - +Rose M K Ho: ?? AI police to chk on AI bots ??? 

That's 'funny', Danny.... 🤭

6/12/23, 12:48 pm - ☸️  Danny 心: 

*Nurturing AI talents, creating jobs*

In AI current evolving form, at least 3 AI job roles can be identified:-

1. AI developers.

2. AI prompt engineer (one role per each industry sector eg IT, Law, Medical, Government service, Manufacturing, etc)

3. AI cyber-security professional

6/12/23, 12:49 pm - ☸️  Danny 心: 

*Protecting jobs*

Actually is number 2:-

2. Specific industry AI prompt engineer.

6/12/23, 12:52 pm - ☸️  Danny 心: 

*Developing AI industry*

Will need strong education and training in STEMS.

1. Science

2. Technologies - coding, IT knowledge

3. Engineering

4. Math

AI development are mainly math models. <This message was edited>

6/12/23, 12:55 pm - ☸️  Danny 心: 

*Developing AI infrastructure*

Will need powerful chips, GPU, powerful computers - strong engineering and manufacturing sectors.

6/12/23, 12:57 pm - ☸️  Danny 心: 

Complementing AI development is Quantum Computing - qubits, Quantum entanglement (spooky actions in a distance), quantum computers etc.

Basically science, physics.

6/12/23, 12:58 pm - +Smiley face: "New technologies created smarter Chips; Smarter Chips in turn drive the next breakthrough in technology!"

- - anonymity

6/12/23, 12:58 pm - ☸️  Danny 心: 

Hence not strong in STEMs - no AI.

6/12/23, 1:01 pm - ☸️  Danny 心: 

Hence, all industries sector job roles - will evolve around industry prompt engineer - exploiting AI to complement and boost their job capacity and capabilities - a strong dose of productivity growth per worker indeed.

6/12/23, 1:02 pm - +Smiley face: Relevant and applicable skillsets will secure the jobs of tomorrow!

And how about previous experience?

6/12/23, 1:03 pm - ☸️  Danny 心: 

But like computer revolution - many mundane and repetitive jobs will be wipe out.

Only creative, innovative, thinking and value added jobs will be highly prized.

6/12/23, 1:08 pm - +Smiley face: The future of the workplace encompasses a few critical attributes. One,  knowledge, two,  people skills and three, digital know-how.

The higher the requirements or technically a job is, the deeper the knowledge base a worker must have...

No short cuts or you shall be short changed!

6/12/23, 1:19 pm - ☸️  Danny 心: 

Nurturing AI talents will need to educate and train top talents for the jobs because AI is very complicated and the field is very broad.

STEMS must be very strong.

Eg. Generative AI specifically GAI is only just 1 field of AI.

And it comprise broadly of the following:-

6/12/23, 1:19 pm - ☸️  Danny 心: 

1. To understand Generative AI, specifically, we have to understand what ChatGPT is made up of.

2. Generative AI, speficically use a combination of :-

a. ML - Machine Learning

b. NLP - Natural Language Processing

c. Deep Learning

d. LLM - Large Language Model.

e. Neural network

f. Reinforcement Learning 

3. ML - Machine Learning

- is about creating a model that can recognise patterns in data and used them to make predictions or take actions.

4. NLP - Natural Language Processing

- enable machine to understand and process human language

5. Deep Learning

- It is based on deep learning architecture called the transformer.

6. LLM - Large Language Model.

- It mimic human intelligence.

- It uses statistical models to analyse vast amount of data, learning the patterns and connections between words and phrase.

7. Neural Network

- it uses neural network architecture comprising mathematical equations - linear and non-linear equations.

- A neural network comprise of multiple layers, where each layer performs a linear or non-linear transformation of the input from the previous layer.

8. Reinforcement Learning

- Reinforcement learning is a semi-supervised learning - learn based on "reward" (positive and negative reinforcement) - just like human.

- It is iterative in nature with the best solution gradually improving over time until an optimal strategy is discovered or the training process is ended.

- Because AI got "punished" with point deduction, it move away from bad solution and move into good solution as good solution accumulate points.

6/12/23, 1:23 pm - ☸️  Danny 心: 

Prompt engineer - is how to use this Generative AI (GAI) develop by the AI developers - to help each industry sector jobs - trained on a dataset input into LLM of each specific industry sectors.

6/12/23, 1:26 pm - ☸️  Danny 心: 

AI cyber-security professional (not identified in AI space yet) - how to prevent AI from being misused, able to detect deepfakes, AI scam, AI cyber attack etc.

This role is not identified yet - but I feel the AI world will eventually evolve this role.

6/12/23, 1:38 pm - ☸️  Danny 心: 

So my assessment is, 

1. Training Computer Science and IT is very tough, a tall order.

2. Training AI talents will be doubly hard if not triply hard.

IT talents need to be strong in STEMS.

AI talents need to be doubly, triply strong in STEMS - especially Math.

6/12/23, 1:38 pm - ☸️  Danny 心: 

So some parents say, Moe should relax on math, science - children very stress - is going at the wrong direction.

We can relax, but jobs and skillets who need math and science won't relax.

6/12/23, 1:38 pm - ☸️  Danny 心: 

So nurturing AI talents and protecting jobs - is not only about IT.

It will impact many government policies across the board - education, manpower, social services, housing, healthcare etc.

6/12/23, 1:41 pm - +Smiley face: Singapore students rank top in maths, science and reading in OECD study  

https://www.straitstimes.com/singapore/singapore-students-rank-top-in-maths-science-and-reading-in-oecd-study

What's the meaning?

6/12/23, 1:43 pm - ☸️  Danny 心: 

I believe AI prompt engineer jobs will have something like this:-

1. Government service AI prompt engineer

2. Law AI prompt engineer

3. Medical AI prompt engineer

4. Manufacturing AI prompt engineer

5. Finance AI prompt engineer

This are very broad - job description.

I believe individual industry sector to have a more refine AI prompt engineer job role.

Eg. Brain AI prompt specialist.

Loan AI prompt consultant.

Land Transport government service AI prompt engineer.

6/12/23, 1:44 pm - +Thomas: To be a good IT programmer or in IT professional. You need to have an aptitude for it. Your mindset need to be flexible in solving problem and persevere in solution solving. Great patience and tolerance. A mindset that if this route can't go , then another route. This are train my mathematical discipline . In early days, those who wish to study computer science , need to go for national computer science aptitude test and more like a IQ test.

6/12/23, 1:44 pm - ☸️  Danny 心: 

Luckily our Moe Minister don't succumb to some parents demand.

6/12/23, 1:44 pm - +Frankie Wee: Ai will change your life

6/12/23, 1:45 pm - +Smiley face: Yes...

No short cuts to SUCCESS or you will be short changed sooner than later...?

6/12/23, 1:46 pm - +Frankie Wee: https://www.cnbc.com/2023/11/16/bill-gates-ai-agents-could-change-how-we-live-our-lives.html

6/12/23, 1:46 pm - +Smiley face: Yes, the previous 70 years after WW2...things changed too!

6/12/23, 1:47 pm - ☸️  Danny 心: 

All these job roles are not there yet because GAI is still at its infant stage.

I am just projecting and creatively coining the possibility by creating future AI jobs for Singaporeans.

So that people will not be despair. <This message was edited>

6/12/23, 1:47 pm - +Smiley face: Yes, from hypothetical to practical in weeks, that's the power of machine countings...

6/12/23, 1:48 pm - +Smiley face: Every six months or less, these GAI gain leaps....

6/12/23, 1:49 pm - +Frankie Wee: We are doing office Microsoft is a dumb. We can’t thinker of speed

6/12/23, 1:49 pm - +Smiley face: What if you are not engineering trained nor/or number trained?

What's the future of job security and the dynamics of AI ?

6/12/23, 1:49 pm - +Frankie Wee: Sure about Ai is our life changed

6/12/23, 1:50 pm - ☸️  Danny 心: 

Can only concentrate on traditional jobs but work with the respective prompt engineers.

6/12/23, 1:51 pm - +Smiley face: Wait wait...

What if MS version 10 incorporates super chat/check AI and standardizes across the entire spectrum of MS software for the workplaces including offices to academics?

Makan ALL and leave nothing on the table!

6/12/23, 1:51 pm - +Frankie Wee: Ai has no contribution daily life

Different human work earn to support contribute alway received pension benefits

6/12/23, 1:51 pm - +Ben: If anyone can wrangle the chaos of AI, then Singapore can!

6/12/23, 1:52 pm - +Smiley face: AI in and retrenchment out....

New jobs in and out the old jobs...

6/12/23, 1:52 pm - +Frankie Wee: I have taken skillfuture course power automate I say wow so amazing all in data for Ai power point

6/12/23, 1:52 pm - +Smiley face: Better to be a wrangler than a little cowboy...?

6/12/23, 1:53 pm - +Smiley face: Within 3 years, pls go back to skill future academy to reboot new digital skills and new uses or

6/12/23, 1:54 pm - +Smiley face: Traditional medicine vs modern medicine vs cutting edge medicine...

Who wins most?

Adoption and preference concept

6/12/23, 1:55 pm - +Smiley face: "Die liao....AI lai Liao"

- - Singlish

6/12/23, 1:56 pm - +Frankie Wee: Ai can possibly cure any kindly of disease like cancer or hiv but can be battle Covid-19

6/12/23, 1:57 pm - +Smiley face: Farsightedness ..

Either you see it or you can't see it or you don't wish to see it..

6/12/23, 1:57 pm - +Smiley face: Singlish buddy....huat ah!

6/12/23, 1:58 pm - +Smiley face: Yes lah... die slowly or slowly die.... sooner or late die lor!

6/12/23, 1:59 pm - +Frankie Wee: Whole world going develop Ai if no Ai then economy very slow business can’t make money.

6/12/23, 1:59 pm - +Smiley face: Yes, either you are leading or lead or you follow !

6/12/23, 2:01 pm - +REACH: 📢Topic📢

6/12/23, 2:01 pm - +Smiley face: Try to find talents in Central Asia.... those "tans" countries.... there are pockets of IT talents...

6/12/23, 2:04 pm - +Smiley face: The power of deep machine learnings to drive and derive a highly definitive and precise predictive business intelligence system (BIS) is becoming a reality whether is scenario playing or dealing head-on in a multiple crisis or an one-off seasonal effects; it is doable and the codes are breakable too!

All of these and that of technological breakthroughs will have many advantages to the one that have the BIS and the competitors without BIS will face five profound dampening effects on the competitors' clusters, sectors and the overall organisation KPI, less predictability and losing competitiveness of their businesses. And above all known metrics and costs; the introduction of decarbonization and carbon credit, both are system of measurements for global consumptions and these unknown variables will break any business if it lost count and caught on the wrong side of things....

6/12/23, 2:44 pm - ☸️  Danny 心:

When I mention many government policies across the board must be revised and updated - once AI take hold :-

1. Education - need to ensure math, science - STEMs, AI etc - education - are imparted to our children and workers.

2. Manpower - need to train our workers in AI or complement their jobs to work with AI.

Need to ramp up to ensure job security (increasingly challenging - as AI disruptos become more potent - and workers increasingly challenging to held on to traditional jobs - and they will constantly need to train and upgrade).

3. Social service - more workers who are impacted by AI will be disrupted, more people will fall out of the jobs and income impacted - this will have more pressure on social welfare, mental stress, demand for more financial aids etc.

Hence social service will need to ensure its policies continue to encourage people to learn how to fish - and not be given fish only - for the Country to remain fiscal sustainable.

4. Housing - Housing policies may need to revamp - as AI tech disruptors will disrupt jobs very frequently, lead time to train retrenched workers will mean income loss for workers to finance housing loans etc.

Hence, hope Government will seriously consider scrapping the income ceiling criteria - that prevent a young couple with $14,000 per month to apply for BTO flats (iinstead replace with the policy for such income group to pay full BTO flat price without subsidies).

I will elaborate on this later in the discussion - because it affect many of my cohorts children that fall into this category or "falling" into this category very soon.

6/12/23, 2:50 pm - ☸️  Danny 心: 

My close friend comments:-

Needs aptitude tests. Otherwise, wasting resources.

Different job scope, requirement different.

6/12/23, 2:58 pm - ☸️  Danny 心: 

My close friend comments:-

Sometimes, need to cast the net wider to identify whizkid who possess inherent skills but didn't do well in exams.

6/12/23, 3:16 pm - ☸️  Danny 心: 

1. Previously in our generation, tech disruptor and business disruptor are happening less often.

Workers are able to work until 50 years old - with less career disruption up to 50 years old (where age discrimination take over - and disrupt mature workers).

But as workers already work for more than 20 years old - many are able to finance and pay off.

Eg. Previously, the income ceiling criteria is $10,000 combined income.

EC, Condo - cost less than $1 million -- about $600,000 (very good condo already) - during our genetation

Assuming bank loan interest is 3%, loan + interest = $618,000 estimated for easy illustration.

20 years loan = $2,575 per month to service the loan.

2. So a young couple $10,000 salary per month, even if wife decide to be housewife to look after the children, husband earn $5,000 -- pay $2,575 - still got $2,425 per month to put food on the table and pay essential services.

(Last time, $2.50 got png cai, got big bowl of noodle to eat).

3. Tech disruptors and business disruptors less potent and less frequent - young couples can pay off the housing loan when they can work beyond 20 years - and pay off the housing loans.

(Our parents generation can even work longer until old age - more than 60 years, 75 years then retire - no career disruption)

Then income ceiling criteria of $10,000 to prevent high income workers from applying HDB flats make some sense - because HDB flats are subsidised.

4. But now with tech disruptors, business disruptors and specifically AI disruptors - the career disruption will be very frequent - 2 years, 3 years? --- as AI disruption is very fast.

Then imposing income ceiling criteria to force $14,000 income earners to buy EC, condo, landed properties doesn't make sense - because this policy assume young couples can hold on the jobs for more than 20 years - with monthly combine income of $14,000 per month for 20 years.

(Note:- even our generation, this assumption already cannot take hold, because notice a good minority of people already start losing jobs or get disrupted in the 40s).

I will come out with calculation illustration to illustrate my this point later.

6/12/23, 3:44 pm - ☸️  Danny 心: 

1. Previously in our generation, tech disruptor and business disruptor are happening less often.

Workers are able to work until 50 years old - with less career disruption up to 50 years old (where age discrimination take over - and disrupt mature workers).

But as workers already work for more than 20 years old - many are able to finance and pay off.

Eg. Previously, the income ceiling criteria is $10,000 combined income.

EC, Condo - cost less than $1 million -- about $600,000 (very good condo already) - during our genetation

Assuming bank loan interest is 3%, loan + interest = $618,000 estimated for easy illustration.

20 years loan = $2,575 per month to service the loan.

2. So a young couple $10,000 salary per month, even if wife decide to be housewife to look after the children, husband earn $5,000 -- pay $2,575 - still got $2,425 per month to put food on the table and pay essential services.

(Last time, $2.50 got png cai, got big bowl of noodle to eat).

3. Tech disruptors and business disruptors less potent and less frequent - young couples can pay off the housing loan when they can work beyond 20 years - and pay off the housing loans.

(Our parents generation can even work longer until old age - more than 60 years, 75 years then retire - no career disruption)

Then income ceiling criteria of $10,000 to prevent high income workers from applying HDB flats make some sense - because HDB flats are subsidised.

4. But now with tech disruptors, business disruptors and specifically AI disruptors - the career disruption will be very frequent - 2 years, 3 years? --- as AI disruption is very fast.

Then imposing income ceiling criteria to force $14,000 income earners to buy EC, condo, landed properties doesn't make sense - because this policy assume young couples can hold on the jobs for more than 20 years - with monthly combine income of $14,000 per month for 20 years.

(Note:- even our generation, this assumption already cannot take hold, because notice a good minority of people already start losing jobs or get disrupted in the 40s).

I will come out with calculation illustration to illustrate my this point later.

----

1. For example, I search the web yesterday, and get inputs from my cohort private chatgroup, this is the information I get.

2. EC - $1,400 psf, for a 5-room EC size equivalent 1,200 sq ft = $1,680,000 (3% interest bank loan for 20 years) = $1,730,400 = $7,210 per month loan + interest need to be repaid every month.

3. Private condo - $2,000 psf, for a 5-room EC size equivalent 1,200 sq ft = $2,400,000 (3% interest bank loan for 20 years) = $2,472,000 = $10,300 per month loan + interest need to be repaid every month.

(Don't even have to talk about landed properties ---- exorbitant prices and loan).

4. Now the income ceiling criteria is $14,000 (both couple working) $7,000 each.

Assume wife become housewife to look after the children, husband only bring in $7,000.

- EC $7,210 - $7,000 salary how to pay? Short of $210 every month, don't even have money to buy food and essential necessities.

- Condo $10,300 - Couple still owe $3,300 every month, no money for food and essential services.

5. If AI disruptors come in, both couple lose jobs, where to find money to repay housing loans - short of borrowing from loansharks?

6. Even if both couples bring in $14,000 - pay $10,300 housing loan for private condo - couple only left $3,700. 

At this current high inflation, can buy food, children education, parents allowance, MCST maintenance fees ($300 to $500 per month), pay transport, healthcare, groceries, baby milk, baby diapers etc etc etc?

7. Even if both couples bring in $14,000 - pay $7,210 housing loan for private condo - couple only left $6,790. 

This EC couples will have more breathing space as compared to EC household - but with high inflation, very little help from the government --- they will also have little left for savings and retirement. 

(Note :- the income criteria is $14,000 to $16,000 - and not many can qualified.

Even if qualified, both couples must work to fetch $14,000 to $16,000 per month.

Wife cannot stop work to care for children.

Both couples cannot lose their jobs for 20 years and must consistently fetch $14,000 to $16,000 per month.

Is this assumption realistic with AI disruptors and tech disruptors - that disrupt jobs 2 to 3 years?)

8. Unlike BTO flats, these group of Singaporeans don't even get GST voucher, COL voucher, SCC rebates, town council rebates --- only very recently - but get alot less as compare to BTO flats household.

9. This is the group of Singaporeans - which is the most neglected, most ignored sandwich "so call high income" group (that received the least attention by the government) with the following characteristics:-

a. Pay the most tax.

b. Get the least benefits.

c. Buy the more expensive private houses.

d. Laden with high housing loans debt.

e. Lock out from most of the privileges.

f. Prevent from applying for the public houses.

g. But they are called "local talents" that the country needs.

10. Hence I will like the Government to seriously ponder over this feedback, understand the concerns face by this group --- and consider scrapping the "Income ceiling criteria" to apply for BTO flats ---- by replacing it with income ceiling $14,000 and beyond, pay full BTO flat without subsidy.

Else, I fear Singapore will be losing many local talents --- as it will drive many local talents to other Countries -- that squeeze their neck constantly to finance their exorbitant housing loans.

6/12/23, 3:54 pm - ☸️  Danny 心: 

1. I will envisage, people may argue - Singapore has millions over resale flats that this group of Singaporeans can buy.

2. My feedbacks are as follows:-

a. Why this group of Singaporeans are "discriminated upon" - and can only buy 2nd hand flat but cannot be like other Singaporeans apply for new BTO flats - if they are willing to pay the full price without subsidies?

b. Now many mature estates lease are very old - like my estates are left with 60 years lease.

A 20 plus couple will means - they will have to buy very old rundown flats, at very high price (close to $1 million) and can stay up to 80 years old, if they live beyond 80 years old, the lease expire, and they got no house to stay.

c. With Plus flat with MOP 10 years occupation - this group in mature estates will have less choice of resales flat to buy.

d. Those standard flats with MOP 5 years --- are in very ulu, outskirts areas eg. Tengah, probably Tampines, Punggol I guess --- very far from their parents in mature estates - and this group still need to fork out big money eg. $1 million to buy resales 2nd hand flat.

I still come back to the question - why have "discriminatory policy" against this group?

They pay most tax, get least benefits and privilieges - get less help from the government - but get "most discriminated upon" - can only by 2nd hand flat at high price?

e. I thought Singapore embrace "Inclusive Policy"?

Is the income ceiling criteria "Inclusive" - if this group is willing to pay "full price for BTO flat without subsidies"?

6/12/23, 3:58 pm - ☸️  Danny 心: 

And even Majullah package totally ignore this group of Singaporeans.

But pioneer and merdeka package embrace all of the respective generation.

6/12/23, 4:00 pm - +REACH: 📢Topic📢

6/12/23, 4:19 pm - ☸️  Danny 心: 

My close friend comments: 

Once gov give up income ceiling, the demand will shoot up. 

Now already cannot meet demand.

My comments : That's why HDB need to build faster and higher.

Eg. More 30 floors flats to accommodate higher demand.

Else very difficult to encourage people to get married and have babies.

Now my a few young couples quite dejected already.

Not even talking about having babies.

6/12/23, 4:20 pm - +Rama: Agree

6/12/23, 4:20 pm - +Rama: Can be an election issue come GE25

6/12/23, 4:21 pm - ☸️  Danny 心: 

Policy that no longer serve the needs or worst become damaging should be corrected.

6/12/23, 4:21 pm - +Smiley face: https://mustsharenews.com/bukit-merah-hdb-million/?utm_source=telegram

6/12/23, 4:21 pm - +Rama: Fast!

6/12/23, 4:22 pm - +Smiley face: "The pinnacle and the end game is TALENT identification and classification."

- - anonymity

6/12/23, 4:23 pm - ☸️  Danny 心: 

Don't need to use threat.

Just reason out with the government.

They are very wise, smart and care for the people.

I believe they have reason why income ceiling are there in the 1st place because HDB flats are heavily subsidized.

But now circumstances change.

If high income couples willing to pay full price and forgo the subsidies, I feel that the government should accommodate them - and not "leave them behind".

6/12/23, 4:24 pm - +Rama: Explanation must be truly upfront

6/12/23, 4:24 pm - +Smiley face: "If you're going through hell, keep going."

- - Winston Churchill

6/12/23, 4:25 pm - +Rama: Agree

6/12/23, 4:25 pm - +Smiley face: "Good decisions are based on diversity (experts+non-experts) and not conformity (experts thinking); build an exceptional and diverse team,...(ro)bots do make mistakes,...Carl Jung's ideas of synchronicity and coincidence,...to avoid mass stupidity!"

- - anonymity

6/12/23, 4:26 pm - ☸️  Danny 心: 

Yes.

The government may not know the pain point this group is undergoing and sufferings.

Only when people bring it up and bring to their attention, will the government know that some groups have fall through the crack.

Only then they can rectify the crack.

6/12/23, 4:26 pm - +Smiley face: "Every twenty years there will always be transformation (change) of tangibles and/or intangibles, something would happen...this coming transformation is about shortening the work time or restructuring the process or  downsizing the workforce in order to achieve a leaner and more profitable outcome for businesses who embrace these digits (AI) and new ways in the making...!"

- - anonymity 

(20 years = 1 generation)

6/12/23, 4:26 pm - +Rama: Not 25!?

6/12/23, 4:27 pm - +Smiley face: "Win or lose, I shall fight on for what is right, for the better life for the people."

- - Lee Kuan Yew, 17 Mar, 1955

6/12/23, 4:27 pm - +Smiley face: Shorten to 20 years !

Why so?

6/12/23, 4:27 pm - ☸️  Danny 心: 

On the surface this group look glamorous and look rich.

But once you work out the sum with math - people can start to understand what sufferings they are going through.

6/12/23, 4:27 pm - +Smiley face: HDB SERS don't pass beyond 40 years....

6/12/23, 4:28 pm - +Smiley face: Try to investigate other economies....

Sama sama...

6/12/23, 4:29 pm - +Rama: Missed this guy

6/12/23, 4:29 pm - +Smiley face: "When things go sideways (fragmented world), we go the highway (alternatives) and one highway is Digitisation; to speed up the productivity and cover all slacks or lie back and relax?"

- - anonymity

6/12/23, 4:30 pm - +Smiley face: Is our policymakers DNA and bloodline?

6/12/23, 4:31 pm - +Rama: Yes

6/12/23, 4:31 pm - +Smiley face: Steady steady and don't overly worry...?

6/12/23, 4:31 pm - +Rama: Agree

6/12/23, 4:33 pm - +Smiley face: We need our 4G to feel confident at the same momentum to continue the ground works and importantly stay GROUNDED!

Who needs the opposites if the opposite of the opposition knows it all !

6/12/23, 4:34 pm - +Rama: The opposite of any opposite don't exist!

6/12/23, 4:35 pm - +Smiley face: Useful or otherwise less able?

Then why have it?

6/12/23, 4:35 pm - +Rama: Let them whither on the side!

6/12/23, 4:36 pm - ☸️  Danny 心: 

I have private chat group close friend that constantly check my comments and challenge my comments.

I welcome such comments because I won't want to get entangled with groupthink and ensure the feedback I put in REACH can stand water.

6/12/23, 4:36 pm - +Smiley face: The opposite of the opposition means ...the proposition, aka govt!

Just words twisting fun...

6/12/23, 4:37 pm - ☸️  Danny 心: 

I support and agree with this statement. <This message was edited>

6/12/23, 4:38 pm - +Smiley face: No sweat, the next GE !

6/12/23, 5:10 pm - +Smiley face: 50/50 Strategy and Strength?

Using 50% less workforce and achieving 50% increase in productivity !

is it possible or just daydreaming?

6/12/23, 5:14 pm - +Frankie Wee: This message was deleted

6/12/23, 5:17 pm - +Smiley face: "the lesser the parts or shorter the process, the lesser for manual jobs and the lesser the margin of errors thus productivity will rise and the long term learning costs will decrease and profitability will increase within 10 years or even within the fifth year of transformative operations."

- - anonymity

6/12/23, 5:19 pm - +Frankie Wee: In lifetime will be retire 55 because of Ai technology is advanced

6/12/23, 5:19 pm - +Frankie Wee: And also save cost manpower

6/12/23, 5:19 pm - +Smiley face: Let's do it!

30/30 for food security

50/50 for economic security

Uniquely SG and competitively unique!

6/12/23, 5:20 pm - +Smiley face: Extension to 65/70 age of retirement if physical and or mental able!

6/12/23, 5:21 pm - +Frankie Wee: Ai robot 5 per 50 human

6/12/23, 5:21 pm - +Smiley face: Divert to other resource centers, reskilling!

Every able Singaporeans must STAND TALLER to take on the coming and unavoidable global challenges and! CHANGES!

That's it !

6/12/23, 5:22 pm - +Frankie Wee: Push high enough transport PSA more productive delivery oversea

6/12/23, 5:22 pm - +Smiley face: 5:500 ratio of attriction!

6/12/23, 5:23 pm - +Smiley face: Redeploy to other overseas seaports owned or managed by our PSA!

Our local talents turning into FOREIGN TALENTS overseas!

6/12/23, 5:23 pm - +Smiley face: Let's think and play the REVERSAL GAME THEORY!

6/12/23, 5:23 pm - +Smiley face: Common sense vs uncommon sense

6/12/23, 5:27 pm - +Frankie Wee: <Media omitted>

6/12/23, 5:28 pm - +Smiley face: Today's ratio

Tomorrow leh?

6/12/23, 5:30 pm - +Frankie Wee: Developing is on the way when tomorrow will be new starter than yesterday.

6/12/23, 5:32 pm - +Smiley face: AI lai liao !

6/12/23, 5:38 pm - +Smiley face: More than the Art of War?

The old ways of spying your adversaries in any war often enough have proven over and over as one big advantage over the rest and the collected enemy top secrets, intelligence and insights have proven to have combative advantage in a highly intensive fight over survivability of an army.

If we synthesize all the above ideas and put it into an airline business model of marketing seats, a booking model that enables consumers to fill up the bulk of the airplane seats to full capacity and the revenue per one-way flight and fringe air cargo will reach its KPI of super efficiency. The idea is to maximize each flight revenue from the total seats available in the shortest selling time with spot on results and efficiency of the entire operations starting from aviation fuel hedgings and fuel banks to flight schedules, inflight services, F&B&E and the flight crews.

"Normal human cognitive abilities allows no more than 5-7 cues when thinking fast or multi tasking or lesser when thinking slowly and both processing and executing at the same time."

- - anonymity

6/12/23, 5:39 pm - +Rama: Yes

6/12/23, 5:41 pm - +Smiley face: Have the Tenacity to strive and don't be short sighted once you identify what you do is worth it and it is meaningful!

Do it!

6/12/23, 5:42 pm - +Rama: Yup

6/12/23, 5:43 pm - +Smiley face: Endure the short term of inconveniences, sufferings and sacrifices!

Life is full of  micro journeys and never a destination!

6/12/23, 5:44 pm - +Rama: Exactly

6/12/23, 5:46 pm - +Smiley face: The short term noise or complaints must be acknowledged and at the same time look further and prospect for a better future for your family and for our country's sake!

Does it matter if a home costs 0.5 of a million dollars?

Why it matters and why it doesn't matter?

Let's think deeper...

6/12/23, 6:02 pm - +REACH: 📢Topic📢

6/12/23, 6:04 pm - +Smiley face: 📌 Nurturing talent

It may take up to half a generation starting from 2024 and onto 2035 to develop our local talents to drive our economies into 2040 and towards 2050 target.

📌 Protecting jobs

Skill upgrading and reskilling are two assurance package for workers.

📌 Developing the industry

A total ship shaping efforts. Multi parties collaborations between public institutions and private enterprises from SMEs to MNCs.

📌 Developing infrastructure

It is time consuming and it takes a longer time line to achieve the end results of transforming a semi digital economy to a full digital based economy.

6/12/23, 6:45 pm - +REACH: *Dear Contributors,*

⏰ We will be closing the chat in *15 minutes* ⏰

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊

6/12/23, 6:46 pm - +Smiley face: Talent Search?

Is either you have more talents than your closest competitors or you stand to lose out in the innovations and technologies of tomorrow. And in life either you keep on moving or you stand still! Which is the smarter choice to pick?

Is not just AI talents?

It is not a new technology, this AI has been in the making for the past twenty years! The only unknown of this AI technology is the utilisation, penetration rate and the speed of adoption that will redefine how the G7/G20/G30 will realign themselves to competing advantages and advancements from single to the next three close trade partners to a group. All of these connections have profound implications and significances to the overall GDP, trades balance and the ranking of these developed nations including the top three leading countries of the next new world order.

             - - in progress - -

6/12/23, 6:59 pm - +Smiley face: 3 December, 2023

The Airlines Intelligence: Hot Seats and Cold Seats" 

"If we assume 2/3 of a calendar year to be hot selling months and 1/3 being the laggard. If we further assume in an unprecedented year of crisis, rate of sell through fell to half the YOY and the margin of errors of the quarterly revenue and the next quarter are above 20% then it is perhaps wiser to start investing and building the next generation of analytical models using GAI to replace all currently known statistics models of forecasting and predictive analytics and slicing the standard deviation into ten tenth of one SD."

- - anonymity

The power of deep machine learnings to drive and derive a highly definitive and precise predictive business intelligence system (BIS) is becoming a reality whether is scenario playing or dealing head-on in a multiple crisis or an one-off seasonal effects; it is doable and the codes are breakable too!

All of these and that of technological breakthroughs will have many advantages to the one that have the BIS and the competitors without BIS will face five profound dampening effects on the competitors' clusters, sectors and the overall organisation KPI, less predictability and losing competitiveness of their businesses. And above all known metrics and costs; the introduction of decarbonization and carbon credit, both are system of measurements for global consumptions and these unknown variables will break any business if it lost count and caught on the wrong side of things.

More than the Art of War?

The old ways of spying your adversaries in any war often enough have proven over and over as one big advantage over the rest and the collected enemy top secrets, intelligence and insights have proven to have combative advantage in a highly intensive fight over survivability of an army.

If we synthesize all the above ideas and put it into an airline business model of marketing seats, a booking model that enables consumers to fill up the bulk of the airplane seats to full capacity and the revenue per one-way flight and fringe air cargo will reach its KPI of super efficiency. The idea is to maximize each flight revenue from the total seats available in the shortest selling time with spot on results and efficiency of the entire operations starting from aviation fuel hedgings and fuel banks to flight schedules, inflight services, F&B&E and the flight crews.

"Normal human cognitive abilities allows no more than 5-7 cues when thinking fast or multi tasking or lesser when thinking slowly and both processing and executing at the same time."

- - anonymity

How to spy on other airlines?

The super AI will infiltrate as customers/browsers/shoppers for each one-way or two-way routes or multi-ways based on time, date, week, month and price comparison of up to 5 competing airlines. The entire airmap will consist of actual scenario of one, two, three and multi-ways of accessing from the perspective of a single traveller or in cluster, either routine or schedules. It is a mix or matching or mismatched of travellers' destination(s) that will translate into opportunities for airlines to fill the hot seats or missed the chance to fill it all up in the shortest possible time-frame on the backdrops of the intra-eeek/weekly/monthly/quarterly performances of passenger-mile-rate of purchase. By micro-segmentation of each destination or previous known destinations correlate to age, gender and race; a pre & post-beta (trial & error & realign) formula to zoom into the buying behaviors, understanding the parametrical dynamics of choices and the strings of final decision to purchase.

Budget or Full ?

The idea of ratio or proportion are two critical factors of any sound financial analysis and business analytics. It's all about margin of errors or incremental profit margin. It is evenly more important so for budget airlines to be able to competitively figure out both the full service airlines and direct competing budget airlines of what are their critical metrics of pricing, costs, and passengers load for each flight route weekly/monthly/quarterly and forecast into the next quarter into the business model to lower the  proportional errors and yielding a higher MOM precision and predictive revenue of up to 95% as compared to past methodologies of analysis.

The future of spying?

If any war has taught us the importance of spying on your enemy just to win the war. Then the future of commercial espionage will happen even more aggressive than today's internet of things, e-commerce, and GAI abilities to count the number of hits and sell through and so on and ahead of your core competitions.

The new world of cleaner and precise data collections methods (versus the mining of raw & corrupted data) will surpass the past methodologies of data collections by several quantum leap. The entire process of gathering billions of raw data and input into the GAI; from the basic stages of hits and sales numbers and the in-between of consumers choices and decisions will be captured, chunched in millions of micro batches and outcomes a higher order of accuracy and predicament all for the predictivity of operations management, better costs management, and importantly for profitability!

          - - in progress - -

6/12/23, 7:00 pm - +REACH: *Dear Contributors,*

We will be closing the chat for today.

Thank you very much for being part of our WhatsApp chat and participating actively.

Goodnight!

Megan 😊

6/12/23, 7:00 pm - ~ REACH Singapore changed this group's settings to allow only admins to send messages to this group

=====