AI


Trusting the tech to make the checks – the case for AI in trade finance 

Trusting the tech to make the checks – the case for AI in trade finance 

The remote working revolution brought on by the Covid-19 pandemic has highlighted how, when enabled by technology, society can make huge changes remarkably quickly. In fact, the pandemic has kickstarted or accelerated digital change across many facets of life, including finance.One area that will benefit greatly from this shift is …

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National AI innovation zone to be built in Changsha

National AI innovation zone to be built in Changsha

(ATF) China's Ministry of Science and Technology officially approved the construction of a national artificial intelligence innovation pilot zone in Changsha in Hunan Province on Thursday March 25. The facility will focus on major national strategies and the needs of Changsha’s economic and social development, focusing on key directions such …

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Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Investors gave tech conglomerate Baidu’s secondary listing debut in Hong Kong a lukewarm reception – but the internet giant still generated $3.1 billion.Baidu Inc’s shares closed flat on Tuesday with investors wary of the fundraising flurry in the city and the search company's growth plans.The downbeat mood towards Chinese technology …

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Baidu EV plans get boost with AI chip unit funding

Baidu EV plans get boost with AI chip unit funding

(ATF) Baidu’s plans to develop its electric vehicle (EV) ambitions took a step forward with a fund-raising deal for its artificial intelligence chip making unit, valuing the company at $2 billion.The Chinese tech giant’s artificial intelligence chip unit Kunlun raised cash from CITIC Private Equity Funds Management (CPE), a source …

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China unveils the latest generation of AI-powered security applications

China unveils the latest generation of AI-powered security applications

(ATF) China is rolling out artificial intelligence (AI) technologies that might find themselves unable to translate overseas - such as using a smile to pay for goods. The China designed application would allow shoppers to pay for items by smiling in its direction, an idea that might cause consternation in …

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China’s old 'dragon' Baidu well ahead of the pack in AI technologies

China’s old 'dragon' Baidu leading the pack in AI technologies

(ATF) China’s artificial intelligence industry is booming in the amount of patents being generated, but tangible results are still poor, while AI firms – known as ‘little dragons’ – are queuing to list. This is despite a government drive to push high-tech innovation to the forefront in the search for …

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SAIC Motor and Alibaba join forces to create Tesla rival

SAIC Motor and Alibaba join forces to create Tesla rival

(ATF) SAIC Motor and Alibaba Group have jumped on the electric vehicle (EV) bandwagon by teaming up in Shanghai's Pudong New Area for a 10 billion yuan ($1.5 billion) megaproject to develop premium cars to rival Tesla.The joint venture will be based in Zhangjiang Hi-tech Park under the brand name …

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Balancing tech and privacy in coronavirus fight

Balancing tech and privacy in Covid fight

(ATF) There's no sign of a global decline in Covid infection numbers, meaning the imminent arrival of vaccines will be welcomed with open arms. Even without them technology will have a role in the eventual eradication of the virus; AI, big data, facial recognition – all the big names of …

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Baidu CEO lists eight technologies set to transform human life

Baidu CEO lists eight technologies set to transform human life

(ATF) The CEO of Baidu – China’s answer to Google – has formally shared his thoughts on the next 10 years of development of his firm and China’s tech sector, making some intriguing forecasts of what the future holds. As China has made high-tech a pillar of development until at …

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Next-gen tech is speeding up financial sector change in Asia

Next-gen tech is speeding up financial sector change in Asia

(ATF) Despite the massive disruptions that have taken place this year with the pandemic, in many sectors innovation has seemed to only accelerate as businesses seek to return to growth. At Broadridge, we have sought to understand such trends through market surveys and direct client engagement, to see how leaders …

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