PANews reported on April 7 that according to the "Lianhe Zaobao" report, Su Wenqiang, the main culprit in Singapore's largest money laundering case, became the first defendant to plead guilty and was sentenced to only 13 months in prison. Mr So faces a total of 11 charges, including eight charges under the Corruption, Drug Trafficking and Serious Crime (Forfeiture of Profits) Act, alleging that he used $500,000 obtained from illegal online gambling in the Philippines to purchase an AMG C63S car in Mercedes. He is also suspected of spending about 116,817 yuan to buy luxury goods such as 17 brand-name bags and jewelry, as well as 30 bottles of Kweichow Moutai and 12 bottles of 18-year-old Macallan whisky. In addition, he is alleged to have used $359,877 to pay the monthly rent and deposit for a high-quality bungalow on Lewis Road near the Botanical Gardens, as well as the monthly rent for a unit in Orchard's Sam Tsui Lam Condominium, all or in part, which was also received in whole or in part by Su Wenqiang through his illegal online gambling business in the Philippines. The amount involved in the country's largest money laundering case has risen to more than S$3 billion, and 10 people have been charged so far. In addition to Su Wenqiang, the other defendants are Su Haijin, Su Baolin, Su Jianfeng, Zhang Ruijin, Lin Baoying, Wang Shuiming, Chen Qingyuan, Wang Baosen and Wang Dehai. Previously, on August 16 last year, it was reported that the Singapore police arrested dozens of foreign suspects suspected of money laundering, including 11 documents containing virtual asset information, with a total value of about S$1 billion. Among them, it was preliminarily determined that 10 people were originally from Fujian Province, China.

According to IT House’s report on October 10, analysis agency CCS Insight made a prediction today that the field of generative AI may face a reality check next year. It believes that as the "hype surrounding AI technology itself gradually weakens", "the cost of running AI continues to rise" and the calls for "regulating AI" increase, the AI industry may be cold in the future and technological development will gradually show signs of slowing down. CCS Insight's main prediction for 2024 is that generative AI will "be poured cold water on" in 2024, as the costs and risks associated with AI technology will "replace the hype surrounding the technology." Ben Wood, chief analyst at CCS Insight, said: "Everyone is talking about generative artificial intelligence now, including Google, Amazon, Qualcomm and Meta. We are very supportive of artificial intelligence and think it will have a huge impact on the economy. We think it will have a huge impact on the economy." will have a significant impact on society as a whole, seeing it as a boon to productivity. But the hype around generative AI this year in 2023 is simply so huge that we think AI is overhyped and the technology will need to overcome many hurdles to push it to market."

Brian Chesky, co-founder and CEO of Airbnb, said that artificial intelligence will eventually become a boon for the job market. He predicts that AI will power "millions of startups," even as jobs at existing companies may be lost.

According to Jinshi’s report on May 29, Singapore’s state-owned investment institution Temasek Holdings stated that it has reduced the remuneration of senior management and the investment team responsible for investing in FTX. Lim Boon Heng, chairman of Temasek, said in a statement following an internal review: “As alleged by prosecutors and admitted by key executives of FTX and its affiliates, FTX engaged in fraudulent conduct and deliberately defrauded Temasek, including Temasek. investors withholding information.” The statement did not detail the amount of the pay cuts.

Jinse Finance reported that Singapore’s state-owned investment institution Temasek Holdings stated that it has reduced the remuneration of senior management and the investment team responsible for investing in FTX. Lim Boon Heng, chairman of Temasek, said in a statement following an internal review: “As alleged by prosecutors and admitted by key executives of FTX and its affiliates, FTX engaged in fraudulent conduct and deliberately defrauded Temasek, including Temasek. investors withholding information.” The statement did not detail the amount of the pay cuts.

According to PANews news on May 29, according to Reuters, Singapore's national investment fund Temasek (Temasek) said it had cut the salary of the team and senior management who had advised it to invest in the encryption exchange FTX. Lim Boon Heng, chairman of Temasek, said on the company's official website on Monday: "While the investment team did not commit any wrongdoing in reaching investment recommendations, the investment team and senior management, which are ultimately responsible for investment decisions, bear collective responsibility. As prosecutors "As alleged, and as admitted by key executives of FTX and its affiliates, FTX engaged in fraudulent practices that were deliberately concealed from investors, including Temasek. However, we are concerned about the results of our investments and the negative impact on our reputation." Disappointed." The statement did not detail the amount of the pay cut. About six months ago, Temasek conducted an internal review of its investment in FTX, which resulted in a $275 million write-down. Temasek has said that its investment in FTX costs 0.09% of its S$403 billion ($304 billion) net portfolio value as of March 31, 2022, and that it currently has no direct investments in cryptocurrencies.