Zurich Insurance Group Launches Fifth Innovation Championship, Paving the Way for Global Collaboration with Startups in Insurance and Digital Transformation
Zurich Insurance Group launches the fifth edition of the Zurich Innovation Championship, inviting startups worldwide to collaborate locally and globally. With a unique matchmaking approach and global reach, the championship aims to pioneer groundbreaking partnerships in the insurance industry. The program, spanning from May to September 2024, will see ten winning startups working closely with Zurich teams, showcasing joint solutions,...
Matrade Launches eBizLink to Propel Malaysian MSMEs into Global Markets Through Digital Innovation
Matrade launches the eBizLink program to encourage Malaysian MSMEs to explore international opportunities through innovative technologies and digitalization. The program, running until 2025, aligns with the government’s goal of achieving a 15% contribution to exports from Malaysia’s MSMEs. Matrade aims to lead global campaigns, leveraging digital channels and collaborating with international partners, while also...
Amadeus Expands Technological Horizon with €320 Million Acquisition of Vision-Box for Face-Recognition Expertise
Amadeus, the Spanish travel booking group, is set to acquire Vision-Box, a Portugal-based face-recognition technology company, for €320 million ($346.7 million). Vision-Box specializes in providing face-recognition solutions for airports, airlines, and border control services. The acquisition, subject to regulatory approval, is expected to conclude in the first half of the year, marking a strategic move by Amadeus to enhance its...
TikTok Secures Majority Stake in Tokopedia in US$840 Million Deal, Signals Reentry into Indonesian E-commerce
TikTok completes an $840 million deal to acquire a 75.01% stake in Indonesia’s leading e-commerce platform, Tokopedia, allowing the Chinese social media giant to re-enter the country’s online shopping sector. The partnership with Indonesian tech conglomerate GoTo positions TikTok to integrate its TikTok Shop’s Indonesia operations into Tokopedia, marking a strategic move to navigate the challenges posed by the...
Picasso Hair Studio Redefines Global Hairstyling Education with the Launch of Picasso Hair Academie
Singapore’s Picasso Hair Studio introduces the revolutionary Picasso Hair Academie, an online platform offering comprehensive hairstyling courses for aspiring stylists globally. With a focus on convenience and quality, the academy’s bite-sized modules cover a range of styles, allowing flexible learning for professionals seeking to enhance their skills. 31 January 2024 – Singapore-based Picasso Hair Studio, celebrated...
Shopee Malaysia’s Affiliates Optimistic About 2024 E-commerce Opportunities: Embracing Human-Centric Content and Local Business Support
Shopee Malaysia’s “Championing Inclusive Commerce 2024” study reveals a 90% positive outlook among affiliates, emphasizing a shift toward human-centric content, authentic engagements, and strong support for local businesses. 31 January 2024 – Shopee Malaysia has recently unveiled the results of its “Championing Inclusive Commerce 2024” study, conducted among over 3,000 Shopee Affiliates. The...
Antler Announces Record Pre-Seed Investment of US$5.1M, Backing Southeast Asia’s Tech Innovators
Antler, a global venture capital firm, announces its largest pre-seed investment round of US$5.1M, supporting 37 startups in Southeast Asia, including Malaysia. The diverse portfolio spans 19 sectors, reflecting Antler’s commitment to nurturing the next generation of tech entrepreneurs and addressing regional challenges. 31 January 2024 – Antler, the renowned global early-stage venture capital firm, has announced a...
Neuralink Successfully Implants Brain Interface in First Human Patient, Elon Musk Announces
Neuralink, Elon Musk’s startup, has achieved a milestone by successfully implanting a brain implant in its first human patient, demonstrating progress toward the goal of allowing humans to control computers with their minds. Named Telepathy, the brain implant aims to enable device control through thought alone, initially targeting users who have lost limb functionality. The success follows FDA approval for Neuralink’s...
Alibaba Cloud Introduces Serverless AI Platform and Advances Vector Engine Technology for Enhanced Model Deployment and Inference
Alibaba Cloud unveils a serverless version of its PAI-Elastic Algorithm Service (EAS) for cost-efficient model deployment and inference. The platform integrates vector engine technology into products like Hologres and Elasticsearch, enabling easier access to large language models. The CTO emphasizes Alibaba Cloud’s commitment to AI innovation, announcing upgrades to MaxCompute MaxFrame and introducing PAI-Artlab for model...
Peugeot to Integrate ChatGPT for Enhanced Voice Assistance, Unveils Eight-Year Warranty for e-3008 Electric Model
Peugeot, under Stellantis, announces the integration of ChatGPT into its vehicles’ voice assistant system, aiming to enhance user interactions and provide more natural responses to queries. Following the footsteps of Mercedes-Benz and Volkswagen, Peugeot plans to launch a pilot version of the ChatGPT service in several European countries before making it standard equipment across all models. Additionally, Peugeot introduces an...
