artificial intelligence (AI)

OCBC launches voice-activated AI banking service

SINGAPORE (Sept 10): Move over, Siri. Here comes OCBC with its own artificial intelligence digital assistant.

In a first for Singapore, customers of OCBC Bank can now pay their bills, check account transactions and track expenses by talking to their phones.

The new voice-activated banking service, called OCBC Banking Assistant, was developed and trained over 13 months.

CEO of leading AI startup SenseTime says valuation has passed US$7.5 billion

(Sept 6): SenseTime Group’s valuation surpassed US$7.5 billion this year after securing investment from backers like SoftBank Group, yet the world’s largest AI startup said it’s in no hurry to go public.

Singapore to pick its AI battles as it grapples with limited resources

SINGAPORE (Sept 9): Singapore has to take a “targeted, purposeful approach” in its artificial intelligence (AI) efforts, as it lacks the resources of superpowers such as the US and China, says Minister for Communications and Information S Iswaran.

“Our focus really will be around domains which are relevant to us,” he adds. Iswaran was speaking at Bloomberg’s Sooner Than You Think technology conference on Sept 5. According to him, the domains that the city state has fixed its sights on include healthcare, education and transport.

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Tech should be used to support lawyers, not replace them: Shanmugam

SINGAPORE (Sept 9): Singapore must ensure that technology is used to support and enable lawyers, said Minister for Law K Shanmugam, amid fears that artificial intelligence (AI) could impact the employability of young law school graduates hoping to get jobs in law firms.

“Technology is evolving quickly and it is really critical that the legal profession understands where tech is headed. And we need to at least keep pace with other jurisdictions,” he said at the opening of the TechLaw.Fest 2019 on Sept 5.

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Skincare app company leverages on treasure trove of data

SINGAPORE (Sept 9): Everyone wants to look good, but it is hard to find the right product for each individual’s skin type. Oftentimes, people end up with tubes and containers of products they have bought and tried but found unsuitable. This is especially so in less mature markets that have a more limited access to skincare. Into the picture comes TroveSkin, arming consumers with artificial intelligence through their smartphones that can detect skin issues, recommend products to deal with them and monitor the progress through daily selfies.

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Singapore to pick its AI battles as it grapples with limited resources

SINGAPORE (Sept 5): Singapore has to take a “targeted, purposeful approach” in its artificial intelligence efforts as it lacks the resources of superpowers such as US and China, says Minister for Communications and Information, S Iswaran.

“Our focus really will be around domains which are relevant to us,” says Iswaran at Bloomberg’s Sooner Than You Think technology conference on Thursday. Some of these domains that the city state has fixed its sights on include healthcare, education and transportation.

Tech should be used to support lawyers, not replace them: Shanmugam

SINGAPORE (Sept 5): Singapore must ensure that technology is used to support and enable lawyers, amid fears that artificial intelligence could impact the employability of young law school graduates hoping to get jobs in law firms.

“Technology is evolving quickly and it is really critical that the legal profession understands where tech is headed. And we need to at least keep pace with other jurisdictions,” says Minister for Law K Shanmugam at the opening of the TechLaw.Fest 2019 on Thursday.

Singapore tries to find its own path in clash of AI superpowers

SINGAPORE (Sept 4): The escalating trade war between the US and China is chilling global collaboration that has long driven breakthroughs in technology and science. The tiny island nation of Singapore is trying to carve out an independent role in the clash and demonstrate the advantages of cooperation in fields like artificial intelligence.

China AI startup to file for Hong Kong IPO soon despite ongoing protests

(Aug 23): Chinese artificial intelligence startup Megvii is filing documents soon for a Hong Kong initial public offering that could raise as much as US$1 billion, people familiar with the matter said, proceeding despite a market downturn spurred by pro-democracy protests across the financial hub.

The owner of facial-recognition platform Face++ plans to submit an IPO filing to the Hong Kong Stock Exchange as soon as Friday, one of the people said, asking not to be named because the matter is private. Megvii declined to comment.

Big Tech's harvest of sorrow?

SINGAPORE (Aug 19): Digital technology has transformed how we communicate, commute, shop, learn and entertain ourselves. Soon enough, technologies such as artificial intelligence (AI), Big Data and the internet of things (IoT) could remake healthcare, energy, transportation, agriculture, the public sector, the natural environment, and even our minds and bodies.

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