S1E83: Budget 2026: Will AI lead to more inequality?

The conversation over the key announcement from Budget 2026 continues. On Feb 12, Prime Minister Lawrence Wong unveiled a record $154.7 billion Budget, how the Government is doubling down on its AI push. For Singaporeans worried about the cost of living, there was household relief in the form of payouts and CDC vouchers. In this episode of the podcast, Second Minister for Finance Indranee Rajah discusses the reason for the big AI push and how the Government planning to deal with the downsides of AI like job losses and its environmental impact? Also joining the conversation are Singapore Management University’s Assistant Professor of Political Science Nathan Peng and the SGTech co-chair of AI, Cloud, and Data Chapter Mr Gunasekharan Chellappan. Highlights (click/tap above): 2:22 Will CDC vouchers be a permanent fixture of the Budget? 5:34 Could Budget 2026 have helped lower income families more? 10:05 “Some people don’t feel like their lives have gotten 2.5 times better.” 12:58 Why do people perceive they aren’t doing well? 18:27 Don’t look at AI as new technology: Guna 21:25 ‘E-nannying’ should stop: Nathan 25:00 Anxiety over being made redundant by AI 30:20 Healthy concern vs unwarranted anxiety? 35:25 Losing the human connection over AI 40:17 Will there be more regulation with stronger AI push? 42:24 Mitigating the negative environmental effects of AI 45:42 How to pick which AI course to take Filmed by: Studio+65 Edited by: Teo Tong Kai, Eden Soh and Chen Junyi Executive producer: Danson Cheong  Editorial producer: Elizabeth Law Follow The Usual Place Podcast and get notified for new episode drops every Thursday: Channel: https://str.sg/5nfm Apple Podcasts: https://str.sg/9ijX Spotify: https://str.sg/cd2P YouTube: https://str.sg/theusualplacepodcast Feedback to: [email protected] SPH Awedio app: https://www.awedio.sg --- Follow more ST podcast channels: All-in-one ST Podcasts channel: https://str.sg/wvz7 Get more updates: http://str.sg/stpodcasts --- Get The Straits Times app, which has a dedicated podcast player section: The App Store: https://str.sg/icyB Google Play: https://str.sg/icyX -- #tup #tuptrSee omnystudio.com/listener for privacy information.