An integrated defense and engineering group said it has set aside US$150 million for its corporate venture arm to invest in promising technology startups and early stage ventures.
PHOTO: REUTERS
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The project is part of a broader “Smart Nation” plan developed by the Singapore government to use cutting-edge technology, designed to improve people’s lives while promising sensitivity to privacy concerns.
However, an aspect of the lamp-post trial to install cameras linked to facial recognition software has raised privacy fears among some security experts and rights groups.
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ST Engineering did not immediately respond to a request for comment.
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