AI

APAC businesses expected to nearly triple spending on generative AI to $3.4B in 2024: Infosys Research

Companies across Asia-Pacific (APAC) are quickly ramping up investments in generative AI (GenAI) and entering a higher stage of maturity, according to Infosys. The research forecasts a bigger increase than in any other region – 140 percent in the next year. This translates to an estimated $3.4 billion to be invested across Australia, New Zealand, China,…

MCI, DISG, SNG, EnterpriseSG, and Google Cloud unveil new initiatives to advance Singapore’s national AI strategy

The Ministry of Communications and Information (MCI), Digital Industry Singapore (DISG), Smart Nation Group (SNG), Enterprise Singapore (EnterpriseSG), and Google Cloud have on Monday announced various joint initiatives to further accelerate artificial intelligence (AI) adoption across government and industry; cultivate a vibrant ecosystem of AI startups;…

South Korea’s Elice raises $14.9M in Series C round led by Vertex Growth

Elice Inc. (Elice), South Korea’s upcoming artificial intelligence (AI)-powered educational platform company, has raised a KRW 20 billion ($14.9 million) Series C round. The new funding is led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global investment company Temasek.

Singapore’s Vizzio appoints interim CEO following ‘CEO’s fabricated credentials, inflated client list’ controversy

Vizzio CEO Jon Lee has come under fire after he was found to have faked his credentials following a report by Tech In Asia .

a toy robot is sitting on a table next to a traffic light

7 Proven ways to boost business growth using AI capabilities

As businesses strive for growth and resilience in a dynamic market, harnessing the power of AI in your business growth seems to be a smart move. From automating tasks to enhancing customer experiences, reducing costs, and increasing revenue, AI offers a myriad of benefits.

red and yellow robot clock toy

Is the global labor shortage crisis ushering in the golden age of robotics?

Although no one knows exactly when the golden age of #robotics will begin, we can be certain that before that time comes, offices, shopping malls, and even entire cities will need to be redesigned. Everything from workflow processes to space design will need to be reimagined to address the needs of these new "robotic residents."

Abu Dhabi’s Bayanat and Yahsat merge to create over $4 billion AI-powered space technology firm

Bayanat AI PLC (Bayanat), a Abu-Dhabi-based artificial intelligence (AI)-powered geospatial solutions provider, and Al Yah Satellite Communications Company P.J.S.C. (Yahsat), a leading global satellite operator, have agreed a potential AED 15 billion (over $4 billion) merger.

Atomionics partners Bridgeport Energy to deploy first-ever “virtual drill” for commercial resource exploration

Singapore-based deeptech startup in the field of commercial quantum sensing Atomionics and Australia-based energy firm Bridgeport Energy have deployed the first-ever quantum gravity sensor or "virtual drill" for commercial resource discovery, heralding a new era in precision exploration.

EY: over half of Malaysian employees feel generative AI will positively impact their work

More than half (63 percent) of employees in Malaysia anticipate that generative artificial intelligence (GenAI) will improve their way of working flexibly, exceeding the global average of 48 percent, EY said Friday.

Singapore’s ProfilePrint completes Series B fundraising led by Tai Partners

ProfilePrint Pte. Ltd., a Singapore-based technologycompany effecting significant changes in the agrifood industry, has announced the successful conclusion of its Series B funding round. The round was led by Tai Partners and participatedby four of its existing shareholders.