Discover the potential of Voice AI at the 3rd Edition SpeechTech Summit Middle East 2024

DUBAI, Apr 2, 2024 – (ACN Newswire) – 3rd Edition of SpeechTech Summit Middle East confirmed to be hosted on 12-13 June 2024 at Crowne Plaza, Dubai will bring together 500+ industry executives, developers, customer experience professionals and adopters of voice bot technology and speech analytics from 5 prominent countries in the Middle Eastern market. The summit will reflect the latest tendencies and recent application changes in the Voice Recognition space in the Middle Eastern market. Discover voice technology applications in all industry sectors, from BFSI, Hospitality, Retail, Healthcare and much more.

Reasons to attend:

2 days of powerful industry panel discussions, workshops and presentations, on current status and future strategies of speech technology.
Latest trends and tools on voice assistance and chatbots.
20 National and International speakers sharing their thoughts on future of voice technology in the Middle Eastern market.
Understand how the latest developments in voice technology are being implemented in the Middle east.
Network with leaders across multiple sectors and discover the blueprint for transforming your business.
The future of voice in the Middle East and the use of voice and chat bot technology for better customer experience.
Leveraging chatbots in financial services.
Companies, strategies and investment to adopt conversational machines.
How technologies such as AI can improvise voice recognition.
Innovative technologies and trends in speech technology.

Key Topics to be covered:

The current state of Voice Technology and the future perspective
The Emerging Trends in Voice Search
Digital Voice Assistants and Future of in-Vehicle Control
The Rise of Voice Assistants in The Banking Industry
Overcoming The Problem of Voice Discovery – Strategies for A Voice-First Future
Crawl, Walk, Run Approach to Implementing Voice AI
How Voice Technology is Transforming Customer Support
The Advantages of Voice Recognition for the Retail and E-Commerce Industry
Ethics & Privacy in Voice Technology

Voice technology and conversational AI are now becoming pervasive in routine applications in most business sectors, in both B2B & B2C applications, in financial services such as banking, credit cards and insurance, as well as in many other business and consumer interactions in healthcare, hospitality, retail, commercial, industrial and manufacturing sectors, especially in client care, customer service and ordering. Attend the only B2B VoiceTech conference and expo and delve into the world of Voice AI.

For more information, visit https://speechtechme.com/.

Media contact:
Rishav Saha
Mobile – +91 8884144691
Email – contact@thefuture-event.com
Grab your Tickets here – https://speechtechme.com/book-tickets

Horizon Robotics Formally Files Hong Kong IPO Application, aiming to enhance people’s safety and experience in passenger vehicles

HONG KONG, Mar 26, 2024 – (ACN Newswire) – Smart vehicle transformation is a mega trend that has been reshaping the automotive industry. In China, it is estimated that the commuters in China’s top tier cities spend an average of over 80 minutes every day on the road. Smart vehicles with autonomous features can free up time and boost productivity for drivers and passengers during these long commutes. According to CIC, the global advanced driver assistance systems (“ADAS”) and autonomous driving (“AD”) solutions market presents a RMB61.9 billion opportunity in 2023 and is expected to grow at a CAGR of 49.2% through 2030 to reach RMB1,017.1 billion.

Faced with a broad market prospect, there are also more and more players participating in the smart vehicle industry. Recently, Horizon Robotics, a leading provider of ADAS and AD solutions for passenger vehicles, submitted its IPO application to the Hong Kong Stock Exchange and plans to list on the Main Board. Empowered by its proprietary software and hardware technologies, the Company’s solutions combine cutting-edge algorithms, purpose-built software and state-of-the-art processing hardware, providing the core technologies for assisted and autonomous driving that enhance the safety and experience of drivers and passengers.

The relevant information shows that Horizon Robotics is the first and has consistently been the largest Chinese company providing integrated ADAS and AD solutions in terms of annual installation volume since the mass deployment of its solutions in 2021. The Company has a large, global customer base of industry-leading OEMs and tier-one suppliers.

Collaborative optimization of hardware and software grants Horizon Robotics a distinct competitive edge, allowing it to rapidly penetrate the market with a comprehensive product matrix

Based on its localized expertise, extensive research and development efforts, coupled with years of local business operations, Horizon has insightful knowledge and practicable experience in designing its ADAS and AD solutions to address China’s unique and challenging road conditions.

With the approach of software and hardware co-optimization, Horizon has built a comprehensive product portfolio, offering three solutions: Horizon Matrix Mono, Horizon Matrix Pilot and Horizon Matrix SuperDrive, to address different customer needs from mainstream assisted driving to advanced level autonomous driving with high efficiency at affordable costs.

In 2023 alone, the Company obtained more than 100 new design-wins for car models, more than three times of that in 2021. The installation volume of its solutions increased by fourfold from 2022 to 2023. According to CIC, Horizon Robotics is the second-largest ADAS solution provider with a market share of 21.3% in 2023, in terms of ADAS solution installation volume to Chinese OEMs in China.

As of the Latest Practicable Date, the Company’s ADAS and AD solutions have been adopted by 24 OEMs (or 31 OEM brands) for implementation in over 230 car models. All of the top 10 Chinese OEMs including SAIC, BYD, Geely, in terms of sales volume in China are all customers of Horizon Robotics.

Revenue maintains high growth and localized expertise supports long-term performance growth

On the financial front, Horizon Robotics also achieved an impressive revenue performance. The Company’s revenue increased significantly during the Track Record Period and amounted to RMB466.7 million, RMB905.7 million and RMB1,551.6 million in 2021, 2022 and 2023 respectively, representing revenue growth rates of 94.1% in 2022 and 71.3% in 2023, respectively. The compound annual growth rate (CAGR) from 2021 to 2023 is 82.3%.

As a company under rapid growth, in the future, Horizon Robotics intends to further expand the company’s revenue scale by leveraging positive industry tailwind, capitalizing on robust backlogs of orders for vehicles not yet mass produced, attracting new customers, expanding cooperation with existing customers, introducing new solutions with higher value, and expanding new geographies. The Company plans to extend its reach beyond markets in China, although it does not sell products to customers in the United States or to customers who incorporate them into products for sale to the United States.

In terms of profitability, the gross profit increased significantly from RMB331.0 million in 2021 to RMB627.7 million in 2022, and further to RMB1,094.3 million in 2023, and gross profit margin amounted to 70.9%, 69.3% and 70.5%, respectively, maintaining at a stable high-level. This indicates that Horizon Robotics’ growth was not achieved at the expense of its own interests, highlighting the competitiveness and high consumer acceptance of its products.

Meanwhile, it is further disclosed in the company’s prospectus that in order to maintain high margin profile, in the future, the Company will optimize its gross profit margin by implementing a series of measures such as continuously introducing new solutions with a relatively high margin profile, optimizing the supply chain to drive cost reduction and further adjusting the business mix.

From an industry perspective, China is the world’s largest smart vehicles market, with sales volume of smart vehicles of 12.4 million in 2023. However, China’s unique traffic conditions also bring challenges to autonomous driving, and both market opportunities and challenges exist.

Leveraging on the Company’s product maturity, technological strengths, localized expertise and commercial success, Horizon is expected to capture the opportunities and continue to provide ADAS and AD solutions that enhance the safety and experience of drivers and passengers. As stated in its corporate mission, it aims to make human life safer and better through driver assistance and autonomous driving.

Umob partners with CleverTap to deliver personalised customer experiences

Mountain View, Calif, & Mumbai, India, Mar 26, 2024 – (ACN Newswire) – CleverTap, the all-in-one engagement platform, announced its selection by Umob, the Netherlands’ premier super-mobility platform; Umob combines all-electric e-mopeds, scooters, bikes, cabs and public transport within one app. Through CleverTap’s cutting-edge offerings, they will be able to harness the power of data-driven insights and personalised engagement. This will enhance user experiences, drive user retention, and optimise their overall business operations.

Umob’s innovative approach to sustainable urban mobility has positioned it as a prominent name in the Netherlands market. They have simplified how people navigate cities with a seamless app experience. Umob was looking for a platform to enhance customer engagement and retention strategies, provide data-driven decision-making, personalise experiences, and increase customer lifetime value.

CleverTap’s all-in-one platform, which includes advanced analytics, multi-channel communication capabilities, and seamless integration options, will play a pivotal role in helping Umob meet its requirements. With CleverTap, Umob can deliver highly targeted and personalised user experiences, driving increased engagement, loyalty, and lifetime value.

“As Umob continues on its high-growth trajectory, we must focus on maximising customer lifetime value early on. In a period of rapid expansion, retaining high-quality customers and driving return on investment are paramount to our business sustainability,” said Raymon Pouwels, Co-Founder of Umob. “CleverTap emerged as the ideal fit for us, offering an all-in-one platform that aligns perfectly with our objectives. With CleverTap’s suite of cutting-edge offerings, we are confident in our ability to deliver personalised experiences, foster strong customer relationships, and ultimately drive long-term business success.”

Pravin Laghate, Vice President, Europe, CleverTap, said, “Umob’s strides in the mobility-as-a-service space are nothing short of remarkable. This partnership signifies the fusion of two forward-thinking entities aiming to revolutionise the industry. As Umob embarks on a phase of exponential growth, CleverTap’s innovative solutions will play a pivotal role in empowering their journey. Together, we envision a future where mobility-as-a-service is redefined, offering unparalleled convenience, maximising the lifetime value of each user.”

About CleverTap

CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalised experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalised journeys that span a lifetime. It offers analytics encompassing every aspect of the lifecycle, enabling businesses to measure and optimise each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, and Jakarta.

For more information, visit clevertap.com or follow us on:
LinkedIn: https://www.linkedin.com/company/clevertap/
X: https://twitter.com/CleverTap

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events. They may be forward-looking statements or future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, the impact of a pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any

representation or warranty, express or implied, regarding the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

IPSHITA BALU
Consultant
Archetype
+91 9590111798
ipshita.balu@archetype.co

ALO Collaborates with The Education University of Hong Kong

HONG KONG, Mar 26, 2024 – (ACN Newswire) – ALO Parent Education App/Digital Platform (ALO) is collaborating with The Education University of Hong Kong (EdUHK) to provide greater support for students with special educational needs (SEN) and their parents. Celebrating its one-year anniversary, ALO has announced significant system updates and an expansion of its content, including collaboration with the Hong Kong Police Force to promote child protection messages. To mark this momentous occasion, ALO organized the “ALO and EdUHK Collaboration ” Launch Ceremony and Inaugural Seminar. The event not only unveiled the scope and direction of the collaboration with EdUHK but also featured accomplished professionals from the education sector sharing insights on different topics, including the application of artificial intelligence (AI) in the field of education. Representative from the Hong Kong Police Force was also present to promote child protection messages. Distinguished guests in attendance included Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education; Professor Kenneth SIN Kuen Fung, MH, EdUHK; Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support); Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation; Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Dr. Kevin YUNG Wai Ho, EdUHK; and Mr. CM CHUNG, Principal of Shanghai Alumni Primary School, among others.

CHOI Man-Kwan, JP, District Officer (Kowloon City); Mr. Fletch CHAN Wai-wai, Director of Information Service; Mr. Percy LEUNG Tsz-Kin, District Commander (Shatin) of Police; Professor Kenneth SIN Kuen Fung, MH, EdUHK; Mr. Peter TSANG Cheung, JP, the founder of ALO; Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education; Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support); Mr. Wong Chin Ho, Deputy Division Chief of the New Territories Sub-office of the LOCPG; Mr. Stephen Law Cheuk Kin, JP, CPPCC National Committee Member; Mr. Henry Tong Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute

The officiating guest, Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education, expressed, “I am pleased to attend the ‘ALO and EdUHK Collaboration’ Launch Ceremony and Inaugural Seminar, and also celebrate ALO’s first anniversary. It is gratifying to witness the continuous improvement of the ALO Parent Education App/Digital Platform over the past year, as well as its efforts to connect with more schools to expand services and enhance the quality of parental education in Hong Kong. Additionally, I am delighted to see the collaboration between ALO and EdUHKm that enables parents to systematically learn effective parenting methods and knowledge through the digital platform. I would like to take this opportunity to sincerely thank the ALO team and EdUHK for their ongoing efforts and contributions to parental education.”

“ALO utilises artificial intelligence technology and combines it with the expertise and experience of the EdUHK team. For parents of students with special educational needs, the journey of parenting is never smooth. The Education Bureau attaches great importance to parental education. The care and love of parents, along with the guidance and support of schools, are crucial for nurturing children’s growth. The Education Bureau is committed to supporting parents with diverse needs, including initiatives such as the “Smart Parent Net” information platform and the “SENSE” website. These platforms provide essential information for supporting students’ physical and mental development, as well as practical information and videos to assist parents in caring for children with special educational needs, helping them establish a positive parent-child relationship and promote children’s overall development. The successful implementation of parental education relies on the support and collaboration from various stakeholders. The collaboration between ALO, EdUHK, and the Hong Kong Police Force serves as a testament to the importance of interdisciplinary and cross-professional cooperation. In the days ahead, I hope that we can continue to work together to enhance society’s emphasis on parental education, creating a joyful and healthy learning and growth experience for children, enabling them to enjoy learning, unleash their potential, and fully develop their strengths,” Jeff added.

Mr. Peter TSANG Cheung, JP, the founder of ALO, delivers welcome speech at the event.

Mr. Peter TSANG Cheung, JP, the founder of ALO, stated, “Since its launch in 2023, ALO has been serving for a year. I would like to express my gratitude to all colleagues for their hard work, as well as the support and encouragement from the society. ALO has achieved significant milestones during this time. We have garnered participation from over 100 schools and received positive feedback from principals and teachers responsible for parent education, who are eager for the speedy activation of ALO. We are committed to continuously gathering feedback and improving the platform’s content quality and quantity, enhancing functionality and user experience, and expanding our range of services. In the upcoming enhanced version, ALO 4.0, we will introduce new categories such as ‘Special Education,’ ‘National Education,’ and ‘Law-abidingness Education.’ Through collaborations with various partners, we aim to provide more authoritative content. Notably, ALO will collaborate with EdUHK to launch the Parent Education and Special Education Certificate Course. We are also grateful for our collaboration with the Hong Kong Police Force in promoting child protection messages to the public. Looking ahead, we anticipate ALO’s continued engagement with diverse sectors of society in creating a happier and more nurturing environment for the next generation.”

Collaboration with EdUHK to launch Parent Education and Special Education Certificate Courses, seizing the “golden period” to provide support for SEN Students

To better support SEN students, it is essential to identify and intervene during the critical “golden period” between the ages of 3 and 6. Accessing support services early on greatly enhances their integration into the mainstream education system. However, the demand for SEN support services currently surpasses the available supply in Hong Kong. Consequently, parents face significant pressure and may experience emotional difficulties due to the caregiving responsibilities involved. In this collaboration, EdUHK is supporting ALO to address the unique learning needs of SEN students. Together, they are launching Parent Education and Special Education Certificate Course, which aims to provide tailored support to SEN students and facilitate their seamless integration into the mainstream education system.

Professor John LEE Chi Kin, JP, President of EdUHK, delivers speech on the collaboration with ALO at the event.

Regarding this collaboration, Professor John LEE Chi Kin, JP, President of EdUHK, expressed, “In the process of children’s holistic development, parents play a crucial role. Currently, the EdUHK’s teacher training programs also cover topics related to parent education, including communication with children, parent-school cooperation, and parental support. At the same time, EdUHK is actively developing various educational resources, such as e-learning materials for special education, to assist parents in teaching their children at home. I am delighted that the EdUHK team from the Institute of Special Needs and Inclusive Education (ISNIE) will collaborate with ALO to provide information and training on special education. This collaboration will enable parents to better understand their children’s needs, abilities, interests, and aspirations, fostering their growth in a positive environment. I sincerely wish for the steady development of the collaboration between EdUHK and ALO, jointly promoting parent education and the holistic development of students.”

Seminar centered around two key topics: the application of AI in education and how to create an ideal environment for children’s growth

ALO’s inaugural seminar focused on two key topics: the application of AI in education and creating a better growth environment for children to unleash their potential. The development of AI has brought revolutionary changes to our daily lives, and ALO, as an easy-to-use and digitally-driven interactive platform, keeps up with the times by actively incorporating AI elements to enhance content quality and comprehensively address the challenges of parenting and education in Hong Kong. During the seminar, ALO showcased examples of AI applications, such as the introduction of a virtual teacher avatar function and an AI-powered video generation platform. These innovations significantly reduce teachers’ workload, enhance students’ learning motivation, and greatly increase teaching flexibility. For instance, teachers no longer need to regularly record videos for students learning at home. Instead, they can simply input the content and generate videos using generative AI. Dr. Kevin YUNG Wai Ho from EdUHK demonstrated how artificial intelligence can facilitate self-directed learning at the event.

Guest speakers at the sharing session includes (From left to right): Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Mr SAU Hang-chor, Principal of Sam Shui Natives Association Lau Pun Cheung School; Ms. KAN Shuk-Ching, Principal of ELCHK Ma On Shan Lutheran Primary School; Mr. Paul CHEUK Tak-Kan, Principal of Tung Wan Mok Law Shui Wah School; Mr. CHEN Tak-Nam, Principal of Hoi Ping Chamber of Commerce Secondary School; Mr. Alan LAI Chun-Wing, Principal of HKTA The Yuen Yuen Institute No.3 Secondary School; Mr. CHU Ka-Tim, Principal of Shatin Pui Ying College; Mr. Eddie LAM Tak-Yuk, Principal of Tseung Kwan O Methodist Primary School; Ms. LI Wai-Man, Principal of S.K.H. Kindly Light Church Holy Carpenter Kindergarten Nursery; and Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation.

Dr. Kevin YUNG Wai Ho, from EdUHK, discussed the role of AI in instructional transformation, stating, “Artificial intelligence brings significant autonomous motivation to students in teaching. Its advantages include providing personalized instruction, adaptive learning, 24/7 availability of services, supporting the role of teachers, meeting the needs of non-mainstream and special education, avoiding human bias, and providing real-time feedback/actions.” Dr. Kevin Yung also mentioned that he has personally witnessed the impressive generation of AI virtual characters, whose lip movements and body gestures are very natural. This has made him look forward to the greater contributions that ALO can make in education in the future.

The AI avatar of Dr. Kevin YUNG Wai Ho, from EdUHK, generated by ALO using artificial intelligence.

Mr. CM CHUNG, Principal of Shanghai Alumni Primary School, shared practical examples of AI integration in teaching and expressed, ” Shanghai Alumni Primary School has been implementing ALO for some time, and indeed, artificial intelligence brings revolutionary new learning modes and educational methods, providing practical assistance for school operations. Teachers can pre-record videos, input text content, and automatically generate videos with teaching presentations, significantly reducing time costs. For students with special educational needs, the teaching pace or replay can be adjusted according to their needs and absorption abilities. Particularly during the peak of influenza season, even if teachers are absent due to illness, substitute teachers can easily access teaching materials from the intranet, ensuring smooth progression of the curriculum.”

Professor Kenneth SIN Kuen Fung, MH, from EdUHK, shared insights on assisting underprivileged students in unleashing their potential, remarking, ” In recent years, Hong Kong adopts a dual-track mode in providing special education, resulting in an increasing number of students with SEN attending mainstream schools. In fact, many SEN students have exceptional talents. For example, a few years ago, an autistic athlete represented Hong Kong in the Special Olympics and won a gold medal. The truth is that many students have untapped talents, and with the use of technology, they can be discovered and nurtured, benefiting more students, schools, and teachers.”

Additionally, the event invited eight principals from kindergartens, primary schools, secondary schools, and special schools participate in sharing session. They shared their views on how parents and schools can collaborate to create a better growth environment for children, including Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Mr SAU Hang-chor, Principal of Sam Shui Natives Association Lau Pun Cheung School; Ms. KAN Shuk-Ching, Principal of ELCHK Ma On Shan Lutheran Primary School; Mr. Paul CHEUK Tak-Kan, Principal of Tung Wan Mok Law Shui Wah School; Mr. CHEN Tak-Nam, Principal of Hoi Ping Chamber of Commerce Secondary School; Mr. Alan LAI Chun-Wing, Principal of HKTA The Yuen Yuen Institute No.3 Secondary School; Mr. CHU Ka-Tim, Principal of Shatin Pui Ying College; Mr. Eddie LAM Tak-Yuk, Principal of Tseung Kwan O Methodist Primary School; Ms. LI Wai-Man, Principal of S.K.H. Kindly Light Church Holy Carpenter Kindergarten Nursery; and Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation.

ALO’s enhanced 4.0 version features a collaboration with the Hong Kong Police Force to promote child protection messages and advocate for the well-being of parents.

ALO has continuously gathered feedback and expanded its service coverage, this includes collaborating with different government departments and university institutions to provide authoritative content, aiming to assist parents in various situations within the community. In response to the latest educational needs, ALO enhanced its 4.0 version by introducing the categories of ‘National Education’ and ‘Law-abidingness Education.’ Simultaneously, ALO collaborates with the Hong Kong Police Force to provide the latest information, such as Crime Prevention Alerts, and also promote messages related to child protection to the general public.

Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support), expressed her thoughts on the collaboration, stating, “I am delighted to collaborate with ALO through the ‘Crime Alerts Network (CAN)’ and ‘SafeCity Ambassadors’ initiatives, providing the platform with the latest crime prevention and child protection information. ALO’s lively and engaging animations enhance public awareness of law-abidingness, allowing parents to familiarize themselves with legal knowledge and methods of seeking assistance in child protection. This collaboration complements the work of law enforcement agencies, working hand in hand to promote the safety and well-being of children.”

According to the Curriculum Framework on Parent Education by the Education Bureau, the four major categories of parent education include “Understanding of Child Development,” “Promotion of Healthy, Happy and Balanced Development of Children,” “Promotion of Parents’ Physical and Psychological Well-being,” and “Fostering Home-school Co-operation and Communication.” However, the aspect of “Promotion of Parents’ Physical and Psychological Well-being” is often overlooked. Recognizing this, ALO is committed to incorporating content in this category into its platform. Mr. Peter TSANG Cheung, JP, the founder of ALO, also shares his experience in practices such as “Stake-Standing” and Tai Chi Chuan, which he has cultivated over the years, through the ALO mobile application, aiming to promote the physical and mental well-being of the public, including parents, principals, teachers, and students.

Looking ahead, Mr. Peter TSANG Cheung, JP, the founder of ALO, stated, “As an educator, one of the most important principles is to keep pace with the times and ensure that students acquire knowledge and skills that meet the needs of the era when they enter society. ALO, as an educational platform, has never stopped improving the quality and quantity of its content, optimizing functionality and user experience, and expanding its service coverage. We aim to provide the necessary assistance to parents facing various situations in society, enabling the next generation to grow up in a joyful and happy environment. In the future, ALO will stay true to its original mission of ‘Unite Hong Kong to Support Parents ; Build a Prosperous Society Through Positive Parenting,’ contributing to the construction of a prosperous society in Hong Kong!”

Photos download: https://bit.ly/3vf46x6

About ALO

Established in 2021, ALO is Hong Kong’s first parent education digital app/platform system launched by the non-profit organization Children Social Network (CSN). Based on the Curriculum Framework on Parent Education launched by the Education Bureau (EDB) for kindergartens and primary schools, ALO creates authoritative, systematic as well as interesting multimedia positive parenting information, providing a holistic support for the promotion of parent education. The content covers four major aspects “understanding of child development”, “promotion of healthy, happy and balanced development of children, “promotion of parents’ physical and psychological well-being” and “fostering home school cooperation & communication.”

Supported by a team of education professionals responsible for planning, producing, supporting, and supervising the multimedia content for parent education, ALO responds flexibly to the need of modern parents on raising children, and offers a new space for home-school interaction, communication as well as experience sharing for local schools and parents. Together with different industry sectors, ALO is committed to working towards the future of children.

This press release is issued by Strategic Communications Consultants Limited on behalf of ALO. For any enquiries, please contact:

Strategic Communication Consulting Services Limited (SCC)

Andico Tsui

Tel: 2114 4346 / 6902 3831

Email: andico.tsui@sprg.com.hk

Fax: 2114 0880

DeepGlint Igniting AI Aspirations amongst Malaysian New Generation

KUALA LUMPUR, Mar 25, 2024 – (ACN Newswire) – China listed company DeepGlint Technology Co. Ltd., (“DeepGlint” or the Group”), the first visionary artificial intelligence (“AI”) listed on the Shanghai Stock Exchange, conducted a seminar in collaboration with Tunku Abdul Rahman University of Management and Technology at Setapak (“TAR UMT”) to introduce the advancement of DeepGlint’s AI technology to 120 computer science students.

Deep Glint Group Photo with Students: [L-R] Zhou Rui (DeepGlint Technology Co., Ltd. CTO); Pakern Wong (DeepCore Technology Sdn Bhd, Director); Representative of DeepGlint Technology Co., Ltd.); Zhao Yong (DeepGlint Technology Co., Ltd. CEO); Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Ng Jun Lip (DeepCore Technology Sdn Bhd, Founder); Representative of TAR UMT

Token of appreciation presentation: Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Zhao Yong (DeepGlint Technology Co., Ltd. CEO)

DeepGlint, a frontrunner in AI, computer vision, and big data analysis, showcased the Group’s innovative solutions across various domains, including the metaverse, intelligent sports, and traffic management. The seminar provided a platform for students to gain insights into cutting-edge technologies and the company’s impactful projects. The event marked a significant step towards strengthening Malaysia’s foothold in the global AI landscape, aligning with Malaysia’s vision for greater talent exchange with China.

In a pivotal move, DeepGlint also announced the cooperation with a Malaysian AI company, DeepCore Sdn. Bhd. (“DeepCore”). In a combined effort, both companies will focus on leveraging local talent and resources to further advance AI technologies and solutions, reinforcing Malaysia’s strategic role in the global technology ecosystem.

DeepCore, is currently exploring with TAR UMT to recruit students for a talent exchange program where the selected students will undergo training and hands-on experience within a mature AI business environment at DeepGlint’s headquarter in Beijing, China. Successful candidates will be given full-time employment with DeepCore or be granted scholarships for further education.

Mr. Zhao Yong, Founder and Chief Executive Officer of DeepGlint said, “We are pleased to see so many talents in Malaysia. DeepGlint is committed to empowering young minds and bridging the gap between academia and industry. Our partner, DeepCore is a testament to our belief in Malaysia’s potential as a key player in the AI revolution across the ASEAN and the Middle Eastern market. The talent exchange program will allow us to find talents and at the same time, to contribute to the AI development in Malaysia and ASEAN.”

Dr. Wong Thein Lai, Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT added, “The seminar with DeepGlint was an eye-opening experience for our students, providing them with a rare glimpse into the future of technology and their place within it. We are grateful for this opportunity and the prospects for the future it presents for our students’ professional growth.”

How AI, Genetics and Biotechnology Revolutions will Transform our Future: Jamie Metzl at the Global AI Show

DUBAI, Mar 25, 2024 – (ACN Newswire) – The Global AI Show is thrilled to announce Jamie Metzl, esteemed author, technology visionary, and healthcare futurist, as a featured speaker for its upcoming two-day conference. Set to convene thought leaders and industry experts from across the globe, this event promises to be a pivotal moment in the advancement of artificial intelligence.

Metzl is one of the world’s leading authorities on the implications of the intersecting AI, genetics, and biotechnology revolutions and how governments, corporations, organizations, and individuals can ride the wave of these unprecedented transformations to build their best possible futures.

At the Global AI Show, Metzl will be exploring the power of genetic technologies and AI, and their potential to reshape human life. He will discuss the scientific breakthroughs and real-world applications of genetic technologies, thereby bringing unmissable insights into AI and biological revolutions.

“I am thrilled to be Headlining at the Global AI Show, the world’s premier event for artificial intelligence. AI and other revolutionary technologies are rapidly transforming every aspect of our world. Exploring what this means for each and all of us and how we can ride the wave of this change toward greater meaning and success must be all of our work,” said Jamie Metzl.

The Global AI Show, which is hosting regional and international AI leaders to discuss groundbreaking AI applications and new developments, will also include an exclusive sneak peek into Metzl’s highly-anticipated new book, Superconvergence: How the Genetics, Biotech, and AI Revolutions Will Transform Our Lives, Work, and World. Additionally, attendees can get a signed copy of Metzl’s international bestseller, Hacking Darwin: Genetic Engineering and the Future of Humanity at the event.

In 2019, Metzl was appointed to the World Health Organisation expert advisory committee on human genome editing. He frequently appears on national and international media, and his work has been featured by 60 Minutes, the New York Times and other major media outlets.

Metzl’s inclusion as a speaker underscores the caliber of expertise and insight that attendees can expect at the Global AI Show. With a profound understanding of emerging technologies and their impact on various sectors, including healthcare, he brings a unique perspective to the conversation surrounding AI.

Do not miss the chance to hear Jamie Metzl and other luminaries at the Global AI Show, taking place at the Grand Hyatt Dubai on April 16 and 17, 2024. For more information and to register, visit: www.globalaishow.com/tickets/.

About VAP Group

VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

VAP Group is the organizer of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

For media enquiries, send an email to:
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Fourth Paradigm Announces 2023 Annual Results

HONG KONG, Mar 20, 2024 – (ACN Newswire) – A leading enterprise AI software company-Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) today announced the consolidated annual results for the year ended December 31, 2023 (the “Reporting Period”).

Financial Highlights:

In 2023, the total revenue amounted to RMB4,204 million, representing a year-on-year growth of 36.4%

– The revenue of the 4Paradigm Sage AI Platform (the “Sage AI Platform”) business grew by 68.0% year on year to RMB2,506 million, accounting for 59.6% of the total revenue

– The SHIFT Intelligent Solutions business recorded revenue of RMB1,283 million, accounting for 30.5% of the total revenue

– The revenue of the 4Paradigm SageGPT AIGS Services segment amounted to RMB416 million, accounting for 9.9% of the total revenue

Gross profit amounted to RMB1,980 million, representing a year-on-year increase of 33.2% and a gross profit margin of 47.1%

The total R&D expenses further increased to RMB1,769.0 million, with a R&D expense ratio of more than 40%

The adjusted net loss* declined by 17.6% year-on-year. The Company reduced losses year-on-year since 2021

Operation Highlights:

In 2023, the Company maintained the leading position in China’s enterprise AI software industry, and has been ranked No. 1 by IDC in terms of the Chinese machine learning platform market share for five consecutive years since 2018.

In 2023, the Company continued to expand its customer base. The total number of users increased to 445, with 139 lighthouse users, representing a year-on-year growth of 33.7%. The average revenue from lighthouse users was RMB18.38 million, and their NDER (net dollar expansion rate)* was 115% in 2023

The Company has established three major business segments: 4Paradigm Sage AI Platform (4ParadigmSage), SHIFT Intelligent Solutions (4Paradigm SHIFT), and 4Paradigm SageGPT AIGS Services (4Paradigm AIGS):

– 4ParadigmSage: Currently, the number of models built on the Sage AI Platform exceeds 10,000. The Company is about to release version 5.0 of the Sage AI Platform to further promote the extensive use of AI technology by the end of March 2024

– 4Paradigm SHIFT: During the Reporting Period, the Company released dozens of solution products, which are widely used in key industries such as finance, energy and power, telecommunications and transportation, driving the digital transformation of enterprises and industries; Paradigm Ecology was unveiled in November 2023. The first batch of more than 40 partners joined Paradigm Ecology, with applications in dozens of industry scenarios.

– 4Paradigm AIGS: In April, the Company formally announced SageGPT 3.0. SageGPT positioned as a software development platform built upon large model capabilities, and put forward AIGS (AI-Generated Software: Refactoring enterprise software with generative AI) technical strategy. In 2023, the large model business enhanced generative related services for hundreds of enterprises and partners. The SageGPT large model has already been registered in accordance with the Provisional Administrative Measures for Generative Artificial Intelligence Services.

* Adjusted Net Loss: the Company defines adjusted net loss as loss for the year adding back share-based compensation, interest expense on redemption liabilities and listing expenses, the same below.

* NDER (net dollar expansion rate) reflects customer stickiness and willingness to pay. In this announcement, the denominator is the revenue contribution of lighthouse users in 2022, and the numerator is the revenue generated by the retained lighthouse users in 2023, the same below.

In 2023, Fourth Paradigm continued to expand its customer base and increase the average revenue of customers, recorded robust growth in total revenue and have reduced losses year-on-year since 2021. During the reporting period, the Company recorded robust growth in total revenue, up by 36.4% year on year to RMB4,204.1 million, which was mainly driven by the significant increase in revenue from Sage AI Platform. The revenue of the 4Paradigm Sage AI Platform (the “Sage AI Platform”) business grew by 68.0% year on year to RMB2,506 million, accounting for 59.6% of the total revenue. The SHIFT Intelligent Solutions business recorded revenue of RMB1,283 million, accounting for 30.5% of the total revenue. The revenue of the 4Paradigm SageGPT AIGS Services segment amounted to RMB416 million, accounting for 9.9% of the total revenue. The Company’s gross profit amounted to RMB1,980 million, representing a year-on-year increase of 33.2% and a gross profit of 47.1%. The total number of users increased to 445, with 139 lighthouse users, representing a year-on-year growth of 33.7%. The Company insists on creating value for customers. During the reporting period, the average revenue from lighthouse users was RMB18.38 million, and their NDER (net dollar expansion rate) was 115% in 2023. The Company emphasized technology investment. The total R&D expenses further increased to RMB1,769.0 million, with a R&D expense ratio of more than 40%. The Company has set a clear goal of profitability. Full-year adjusted net loss reduced by RMB88.88 million or 17.6% year-on-year. The Company reduced losses year-on-year since 2021.

Three Major Business Segments Develop Cooperatively, SageGPT Industrial Large Model Makes Breakthroughs in Commercialization in Multiple Domains

Currently, the Company has established three major business segments: 4Paradigm Sage AI Platform (4ParadigmSage), SHIFT Intelligent Solutions (4Paradigm SHIFT), and 4Paradigm SageGPT AIGS Services (4Paradigm AIGS).

The Sage AI Platform is Fourth Paradigm’s platform for developing AI models. As the core of all 4Paradigm businesses, the Sage AI Platform greatly reduces the threshold of AI model building, produces standardized models and efficiently reuses them via powerful AI infrastructure, which reduces the average model building cycle from half a year to days, and facilitates the extensive AI applications. Currently, the number of models built on the Sage AI Platform exceeds 10,000.

The SHIFT Intelligent Solutions are a series of intelligent solutions for various industries developed based on the underlying AI capabilities of 4Paradigm and the industry practice experience of 4Paradigm and its partners. It aims to empower the digital and intelligent transformation of many industries with leading AI capabilities to enhance the core competitiveness of enterprises. During the Reporting Period, the Company released dozens of solution products, which are widely used in key industries such as finance, energy and power, telecommunications and transportation, driving the digital transformation of enterprises and industries. Paradigm Ecology was unveiled in November 2023. Paradigm Ecology is committed to providing end-to-end solutions for various industries based on the Company’s definition of the future direction of the industry (the “North Star System”) and the Company’s core technical capabilities, in partnership with the Company’s ecological partners. The first batch of more than 40 partners joined Paradigm Ecology, with applications in dozens of industry scenarios.

In February 2023, the Company was the first to release “SageGPT” 1.0, a self-developed platform product for developing industrial large model, which was among the first commercialized large model products in China. SageGPT large model is in the global leading position in terms of technical indicators like understanding, reasoning and generative capability. In 2023, it was selected as one of the first 7 model partners in Beijing, and then selected as one of the first “2023 Trusted AI Cases – Excellent Cases of Large Model R&D Application and Tool Platform” by the China Academy of Information and Communications Technology. The SageGPT large model has already been registered in accordance with the Provisional Administrative Measures for Generative Artificial Intelligence Services in China. In addition to building first-class large model products, the Company has also injected considerable R&D resources to make large models more “intelligent” in multimodality, copilot and Chain-of-Thought (CoT).

In April 2023, along with the release of SageGPT 3.0, the Company first proposed its AIGS (AI-Generated Software) strategy to refactor enterprise software with generative AI and positioned the Company’s products as a new development platform based on multi-modal large models to enhance the experience and development efficiency of enterprise software.

In 2023, the Company’s large model business was widely expanded to such fields as finance, manufacturing, healthcare, retail, real estate brokerage, education and energy, enhancing generative related services for hundreds of enterprises and partners. In the past year, “SageGPT” built a network operation platform intelligent assistant for a telecommunication client to empower its frontline employees, co-built a large model of real estate brokerage together with a leading real estate brokerage firm, refactored the industrial designing software of a transportation manufacturer, enabling the search and automated assembly for 3D parts through a large model. Such case was listed in the MIT Technology Review as an “Advanced Application Case of China’s Large AI Model”.

Implementing Forward-looking R&D Investments and Talent Strategies

Fourth Paradigm recognizes that talent and innovation are the core drivers of sustainable growth, so the Company is committed to implementing forward-looking R&D investments and talent strategies. The Company reinvest a significant percentage of the annual revenue in R&D areas that drive long-term strategic value. In 2023, the Company’s R&D spending exceeded RMB1.7 billion, with a R&D expense ratio of more than 40%. These investments are made not only in research and development of new technologies, but also in the continuous enhancement of existing products and solutions to ensure that the Company remains at the forefront of the industry and maintain competitive advantages.

In 2023, Fourth Paradigm made significant breakthroughs in many cutting-edge technologies, received numerous recognitions from academia and industry, and had 25 papers accepted by top-class AI conferences and journals. The Company’s biocomputing technology was featured in a sub-journal of Nature.

In terms of Strategic Outlooks, Dr. Dai Wenyuan, Chairman of the Board, Executive Director, Chief Executive Officer and General Manager of Beijing Fourth Paradigm Technology Co., Ltd. said, “In the era of AI, enterprises need to be empowered by new technologies, and thus need AI software companies. This is Fourth Paradigm’s opportunity in the era: AI technology will breed a new generation of new forces and new giants in enterprise software. What does Fourth Paradigm want to become? We want to become an enterprise software company that can empower thousands of industries in the era of AI. Over the past nearly 10 years, we have been insisted on innovation-driven development and have achieved breakthroughs in key technologies. Since 2018, we have been ranked No. 1 in terms of the Chinese machine learning platform market share for five consecutive years. With competitiveness and brand power, our AI products have won a stronger integration force of ecological resources. In the next decade, for Fourth Paradigm, challenges and opportunities coexist. We will always adhere to technology investment, from large models, automatic machine learning, Agent, to robots, etc., leading the development trend of ‘AI +’. We will also take advantage of our industry influence to work with ecological partners to empower the intelligent transformation of industries with AI technology.”

Chirpley Joins NVIDIA Inception

Amsterdam, Mar 20, 2024 – (ACN Newswire) – Chirpley today announced it has joined NVIDIA Inception, a program that nurtures startups revolutionizing industries with technological advancements.

Chirpley is the world’s first automated peer-to-peer, all-in-one influencer marketplace specifically focused on nano and micro influencers. Chirpley focused on leveraging AI technologies to provide tailored matchmaking for brands and influencers, ensuring efficiency, fair evaluation, and data-driven approach to maximize the reach of marketing incentives.

Chirpley plans to use the resources available through NVIDIA Inception, including utilizing NVIDIA most advanced technology assistance and top-notch expertise in AI hardware. The program will also offer Chirpley the opportunity to collaborate with industry-leading experts and other AI-driven organizations.

“NVIDIA Inception is a major step for Chirpley and it’s an honor for us to be among the startups building the next era of AI-powered products. This opportunity marks a significant milestone in our journey, allowing us to use NVIDIA’s cutting-edge technology and deep industry expertise to accelerate our growth and innovation” – Job ter Horst, Founder & CEO at Chirpley.

NVIDIA Inception helps startups during critical stages of product development, prototyping and deployment. Every NVIDIA Inception member gets a custom set of ongoing benefits, such as NVIDIA Deep Learning Institute credits, preferred pricing on NVIDIA hardware and software, and technology assistance, which provides startups with the fundamental tools to help them grow.

About Chirpley

Chirpley is the world’s first fully automated, AI-driven, peer-to-peer, all-in-one influencer marketplace totally dedicated to nano and micro-influencers.

Media Contact
Marilyn Johnson
Chirpley
media@chirpley.ai

SAP and NVIDIA to Accelerate Generative AI Adoption Across Enterprise Applications Powering Global Industries

HONG KONG, Mar 19, 2024 – (ACN Newswire) – SAP SE (NYSE: SAP) and NVIDIA (NASDAQ: NVDA) today announced a partnership expansion focused on accelerating enterprise customers’ ability to harness the transformative power of data and generative AI across SAP’s portfolio of cloud solutions and applications.

The companies are collaborating to build and deliver SAP Business AI, including scalable, business-specific generative AI capabilities inside the Joule copilot from SAP and across SAP’s portfolio of cloud solutions and applications – all of which are underpinned by the SAP generative AI hub. The generative AI hub facilitates relevant, reliable and responsible business AI and provides instant access to a broad range of large language models (LLMs).

As part of SAP’s ongoing initiative to build generative AI directly into the applications that power the world’s businesses, the partnership aims to help customers adopt generative AI capabilities at scale across their organizations. SAP will use NVIDIA’s generative AI foundry service to fine-tune LLMs for domain-specific scenarios and deploy applications with new NVIDIA NIM™ microservices. SAP and NVIDIA plan to make the new integrated capabilities available by the end of 2024.

“Enterprise customers want to leverage state-of-the-art technology that delivers real business value,” said Christian Klein, CEO and Member of the Executive Board of SAP SE. “Strategic technology partnerships, like the one between SAP and NVIDIA, are at the core of our strategy to invest in technology that maximizes the potential and opportunity of AI for business. NVIDIA’s expertise in delivering AI capabilities at scale will help SAP accelerate the pace of transformation and better serve our customers in the cloud.”

“SAP is sitting on a gold mine of enterprise data that can be transformed into custom generative AI agents to help customers automate their businesses,” said Jensen Huang, founder and CEO of NVIDIA. “Together, NVIDIA and SAP will bring custom generative AI to the thousands of enterprises around the world that rely on SAP to power their operations.”

Harnessing Business Data and Generative AI to Advance Customer Insights

SAP and NVIDIA plan to collaborate to integrate generative AI into cloud solutions from SAP, which include the latest release of the SAP Datasphere solution, SAP Business Technology Platform (SAP BTP) and RISE with SAP.

SAP plans to build additional generative AI capabilities within SAP BTP using NVIDIA’s generative AI foundry service, featuring NVIDIA DGX ™ Cloud AI supercomputing, NVIDIA AI Enterprise software and NVIDIA AI Foundation models. These new capabilities are designed to be the basis of SAP’s development and deployment of generative AI for customers and is expected to be accessible in the generative AI hub in SAP AI Core and SAP Datasphere.

Additional generative AI initiatives include:

— New capabilities for the Joule copilot: Joule can leverage retrieval-augmented generation (RAG) capabilities built by NVIDIA and SAP, which can be deployed on leading hyperscalers or SAP’s own cloud environments. As a natural-language, generative AI copilot, Joule helps customers unlock the potential in their business by automating time-consuming tasks and quickly analyzing business-critical data to deliver more intelligent, personalized experiences.

— Innovative use cases leveraging SAP S/4HANA Cloud, SAP SuccessFactors and SAP Signavio: SAP and NVIDIA are exploring more than 20 generative AI use cases where the companies can combine assets to simplify and enhance digital transformation. Among these are generative AI features that can automate enterprise resource planning with intelligent invoice matching in SAP S/4HANA Cloud; improve human resources use cases leveraging SAP SuccessFactors; and accelerate new generative AI insights from SAP Signavio to better process business recommendations and optimize SAP’s customer support processes.

— Unifying AI data sources with SAP Datasphere: Built on SAP BTP, SAP Datasphere enables integration and a unified view of semantically rich SAP data with third-party data across the enterprise landscape to help customers adapt faster to market changes and make more efficient and better informed decisions. With SAP Datasphere, customers can confidently access a high-quality data fabric using AI and machine learning (ML) models. To accelerate SAP’s federated machine learning (FedML) capabilities for SAP Datasphere, NVIDIA and SAP are facilitating easier access to data for data scientists and enhancing ML workload performance with the support of NVIDIA accelerated computing platforms and NVIDIA AI Enterprise data science software such as NVIDIA RAPIDS™.

— Using LLMs for the ABAP programming language: To aid developers in creating domain-specific language code, SAP plans to use NVIDIA AI foundry services to assist in fine-tuning LLMs. This will build on SAP’s use of generative AI models to assist developers who use ABAP through the company’s ABAP Cloud model and SAP Cloud Application Programming model.

NVIDIA AI Enterprise Powers Production-Grade Generative AI Across Cloud Solutions from SAP

Once models are ready for deployment in cloud solutions from SAP, SAP plans to use NVIDIA AI Enterprise software, including NVIDIA NIM inference microservices and NVIDIA NeMo Retriever™ microservices. NVIDIA NIM can be used to accelerate and maximize inference performance across the accelerated infrastructure from SAP. Using NVIDIA NeMo Retriever microservices, SAP plans to add RAG capabilities that enable generative AI applications to more securely access data running on SAP software to improve accuracy and insights. Customers can plan to use RAG on both SAP and third-party data.

To learn more about the SAP and NVIDIA partnership, watch the replay of Huang’s GTC keynote address.

About NVIDIA

Since its founding in 1993, NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated computing. The company’s invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, ignited the era of modern AI and is fueling industrial digitalization across markets. NVIDIA is now a full-stack computing infrastructure company with data-center-scale offerings that are reshaping industry. More information at https://nvidianews.nvidia.com/.

About SAP

SAP’s strategy is to help every business run as an intelligent sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 26 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com/hk.

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2022 Annual Report on Form 20-F.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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Autobrains’ Liquid AI Enables True Automotive Intelligence

TEL AVIV, ISRAEL and MUNICH, GERMANY, Mar 13, 2024 – (ACN Newswire) – Autobrains, a leader in automotive AI headquartered in Tel Aviv, introduces its latest breakthrough: Liquid AI. Liquid AI represents a paradigm shift in autonomous driving and Advanced Driver Assistance Systems (ADAS), addressing challenges that even the best automotive companies struggle to overcome. It combines Autobrains’ signature-based self-learning approach with a modular and adaptive architecture of specialized, scenario-based end-to-end skills. “While current technologies perform well in handling average conventional driving tasks, they fall short when faced with unexpected real-world driving scenarios that demand greater precision. By using or implementing our Liquid AI, automotive companies can close their AI gaps,” adds Autobrains’ Founder and CEO, Igal Raichelgauz.

The Challenges Faced by Conventional AI Systems:

Edge Cases: The infinite variety of unexpected driving scenarios presents conventional AIs with practically unsolvable tasks. Today’s manually trained black-box systems cannot cover edge cases. Attempts to address this by feeding the systems more labeled images result in a loss of trackability and controllability.
Cost: Addressing real-world driving problems by expanding existing systems with more data, labeling, layers, and computational resources leads to escalating costs and power consumption, resulting in diminishing returns. Achieving a substantial improvement in system accuracy by a factor of 10 requires 10,000 times more computational resources.
Perception-Decision Disconnect: The missing interplay between perception and decision functions hinders effective and precise decision-making. For the AI to make optimal driving choices, it requires specific information. However, when details are missing or overly complex, precision is compromised, leading to incorrect reactions.

Liquid AI – Human Brain-Inspired:

Autobrains draws inspiration from the human brain, which consists of specialized areas akin to task-specific narrow end-to-end AIs. Just as our brain adapts its architecture based on context – such as light/weather conditions, surroundings, and relevant road users – Liquid AI follows the same approach. Here’s how it works:

Network of Specialized Narrow AIs: Liquid AI comprises hundreds of thousands of specialized narrow AIs, each designed for specific tasks, making reactions very precise and tailored to the relevant driving scenario. This specialized AI approach enables scalability, ranging from a few tens to hundreds of AIs for ADAS systems, scaling up to thousands for higher levels of automated driving, all the way to hundreds of thousands of AIs for full self-driving.
Adaptive Architecture: Unlike fixed systems, Liquid AI’s architecture adapts dynamically to the driving context, activating only relevant modules as necessary. This significantly reduces power consumption and compute requirements, not only resulting in cost savings for the System on Chip (SoC) hardware.
Efficiency and Precision: By mimicking the brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and safety.

The Future of Automotive Intelligence:

Autobrains’ Liquid AI bridges the gap between conventional AI limitations and the promise of truly intelligent autonomous systems. By mimicking the human brain’s flexibility, Liquid AI achieves superior performance, cost-effectiveness, and more explainability and controllability.

About Autobrains

Autobrains is a leading AI company in the automotive industry. Autobrains invented and developed a paradigm-shifting AI technology: Liquid AI – backed by 250+ patents addressing autonomous driving challenges. Implementing this unique AI technology for ADAS applications disrupts the market with its unprecedented perception capabilities, low compute requirements, and agnosicity to sensors and SoCs. The company is backed by strategic investors including Temasek, Knorr-Bremse AG, BMW i Ventures, Toyota Ventures, VinFast, Continental AG, and Autel.

Learn more: https://autobrains.ai.

Contact: sales@autobrains.ai

Contact Information
Sophia Eichler
Director of Marketing
media@autobrains.ai
+49 015167066494

SOURCE: Autobrains

View the original press release on newswire.com.