artificial intelligence

NEC has wide portfolio of products to help banks transcend limitations

SINGAPORE (Nov 25): With the adoption of technology, banking has evolved from physical branches with human tellers to automated teller machines to online platforms where transactions are carried out without entering a bank branch.  Today, banking is undergoing yet another evolution with digital technologies, which have enabled some banks to be wholly digital, without any physical presence.

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Grab will invest US$150 million in AI to build regional super app

SINGAPORE (Sept 5): Southeast Asian ride-hailing startup Grab Holdings Inc intends to invest US$150 million ($207.5 million) into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content.

Debate between Tesla's Musk and Alibaba's Ma leaves audience awestruck

SINGAPORE (Sept 2): Elon Musk and Jack Ma matched wits publicly for the first time. And boy, they did not disappoint. An onstage debate between China’s richest man and the Tesla boss left a largely Chinese audience both awestruck and dumbfounded as the pair sparred over everything from the existence of aliens to the preservation of human consciousness.

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The one job in banking the robots cannot take

SINGAPORE (Sept 2): When HSBC Holdings thwarted a US$500 million ($694 million) central-bank heist, sophisticated computer software did not raise the alarm. The funds flowed undetected from Angola’s reserves to a dormant company’s account in London. It was a teller at a suburban bank branch who became suspicious, declined a request to transfer US$2 million, and triggered a review that uncovered the scam, according to one account of the episode.

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Alibaba and NTU launch first joint research institute outside of China, plans a DAMO lab in Singapore

SINGAPORE (Feb 28): Alibaba Group is teaming up with Nanyang Technological University (NTU) to launch its first joint research institute outside of China.

Dubbed the Alibaba-NTU Singapore Joint Research Institute, the lab will bring together NTU’s strength in artificial intelligence (AI), and Alibaba’s capabilities in natural language processing, cloud computing and machine learning.

The partnership aims to find breakthroughs and real-world applications in areas such as home, retail, community and urban transportation to hospitals and nursing homes.

Rise of robots could double Singapore's growth rate

SINGAPORE (July 25): The rise of the machines is coming.

In technology-proficient Singapore, their integration into the economy could help the domestic growth rate to almost double and significantly lift labor productivity, according to a report by consultancy Accenture.

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Two of Wall Street's biggest names are sounding the alarm on the US economy

BOSTON (April 7): Two of Wall Street’s most influential CEOs -- Larry Fink and Jamie Dimon -- are raising warning flags over the nation’s economy.

BlackRock Inc.’s Fink said Thursday that US growth is slowing on concern whether the Trump administration’s agenda will get through Congress. Dimon lamented that “it is clear that something is wrong” with the nation in a letter to investors Tuesday. Both CEOs are part of a group of business leaders that advise President Donald Trump.

How Singapore’s financial institutions are turning a threat into opportunity

SINGAPORE (April 6): In line with the global trend, 88% of respondents from Singapore’s financial institutions this year see financial technology (fintech) as a real threat to their revenue as compared to just 73% in 2016, according to a new report by PricewaterhouseCoopers (PwC).

Redrawing the lines: FinTech’s growing influence on Financial Services draws on PwC’s 2017 Global FinTech Survey, which is based on the responses of 1,308 participants globally.

Alibaba, NUS and EZ-Link collaborate on pilot data analytics project

SINGAPORE (Jan 16): Alibaba Cloud, the cloud computing arm of China’s Alibaba Group, has signed a memorandum of understanding (MoU) with the National University of Singapore and EZ-Link to “collaborate and boost Singapore’s smart computing and data-driven capabilities”.

A joint release on Monday reveals that Alibaba Cloud and NUS are currently working with EZ-Link to analyse card usage patterns across the EZ-Link card schemes, service touch points, and customer segments to improve customer experience and create better services via real-time insights.

Billionaire Li Ka-shing looks at Siri-like software, 3-D printed cars

Li Ka-shing

HONG KONG (Oct 5): Li Ka-shing, the billionaire who made early investments in the likes of Siri and Facebook Inc., is examining startups involved in artificial intelligence and 3-D printing to find the next company that could shake up the technology world.

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