Visa Introduces New AI Tool to Combat Card Testing Attacks
Visa launches the Visa Account Attack Intelligence (VAAI) Score, a new AI tool to combat enumeration attacks in card-not-present transactions, reducing fraud losses and operational expenses. The VAAI Score utilizes generative AI to provide real-time risk scoring, significantly improving fraud detection while minimizing disruptions to legitimate transactions. 8 May 2024 – Visa, a global leader in digital payments, has unveiled a...
Asia Tech x Singapore Gathers Global Leaders for Shaping the Future of Tech and Digital Economy
Asia Tech x Singapore (ATxSG) will host its fourth edition from May 29 to 31, welcoming over 25,000 global leaders to discuss the future of technology and the digital economy. The event, featuring ATxSummit, will focus on topics like AI, governance, and inclusivity, with notable speakers including Singapore’s Deputy Prime Minister and industry leaders from organizations such as the United Nations and Microsoft. 6 May 2024...
Apple CEO Tim Cook Unveils Plans for AI Amid Investor Pressure
Apple CEO Tim Cook responds to investor pressure by announcing plans for the company’s AI strategy following its quarterly earnings report. Despite criticism and concerns about falling behind competitors, Cook emphasizes significant investments in generative AI and hints at forthcoming details. Apple’s stock rises post-announcement, but questions linger about the potential impact on sales from AI features. 4 May 2024...
Microsoft Announces US$2.2 Billion Investment in Malaysia for AI and Cloud Computing Development
Microsoft pledges a historic $2.2 billion investment in Malaysia to boost AI and cloud computing infrastructure, aiming to drive inclusive economic growth and innovation. 2 May 2024 – Microsoft has announced a massive investment of $2.2 billion (equivalent to approximately RM10.5 billion) in Malaysia over the next four years to bolster the country’s digital transformation. This marks the largest investment the tech giant...
Fano Labs Raises Series B Funding Led by Openspace Ventures to Expand AI Language Solutions in APAC Markets
Fano Labs, backed by Openspace Ventures and other investors, secures Series B funding to expand its AI language solutions, focusing on APAC markets and enhancing its product offerings. The establishment of an office in Singapore and the development of new technologies underscore its commitment to innovation in language AI. 2 May 2024 – Fano Labs, a leading provider of AI language solutions, has successfully closed its Series B...
BlackBerry Launches Next-Gen AI Cybersecurity Advisor
BlackBerry launches Cylance Assistant, an AI cybersecurity advisor that offers real-time guidance to enhance threat detection and response, seamlessly integrating into existing workflows. 2 May 2024 – BlackBerry Limited has announced the launch of Cylance Assistant, a groundbreaking AI cybersecurity advisor aimed at revolutionizing threat detection and response for organizations worldwide. Cylance Assistant, developed by...
iFLYTEK Introduces Game-Changing Offline AI Smart Recorder
iFLYTEK introduces the iFLYTEK Smart Recorder, the world’s first offline AI recorder, providing accurate audio-to-text transcription without internet connection, catering to professionals and individuals alike. 30 April 2024 – iFLYTEK, a frontrunner in artificial intelligence and speech recognition, has introduced the iFLYTEK Smart Recorder, a groundbreaking all-in-one device that redefines voice recording with offline AI...
LINKDOOD Unveils Groundbreaking Cross-Lingual Communication Feature Empowered by A
LINKDOOD Technology Co., Ltd. introduces a revolutionary cross-lingual, real-time communication feature powered by sophisticated artificial intelligence, offering instant translation across over 100 languages and eliminating linguistic obstacles globally. This innovative tool enhances global business operations, cultural exchanges, and language learning, setting new standards in international communication efficiency and accuracy. 26...
Mastercard Launches AI-Powered Scam Protect to Combat Rising Fraud
Mastercard introduces Scam Protect, powered by AI, to help financial institutions detect and prevent scams, while also educating consumers. Through partnerships with Verizon and Entersekt, Mastercard aims to develop advanced solutions to block scammers, while supporting the Global Anti-Scam Alliance for consumer advocacy. 24 April 2024 – Mastercard has launched Scam Protect, a comprehensive suite of solutions driven by advanced...
Malaysia’s AI Sandbox Programme Targets 900 Startups and 13,000 Talents by 2026
Malaysia launches the AI Sandbox pilot programme in collaboration with the Higher Education Ministry and Nvidia, aiming to foster 900 AI startups and cultivate 13,000 new talents by 2026. The initiative underscores Malaysia’s commitment to driving innovation and talent development in the AI sector, with plans to establish specialized AI faculties and provide resources to support entrepreneurship and research in artificial...
Huawei Pioneers All-Intelligent Networks at Analyst Summit 2024, Unveiling AI-Powered Strategies for Net5.5G Era
Huawei showcases its commitment to advancing network intelligence at the Analyst Summit 2024, unveiling strategies to integrate AI technologies and deploy network digital twins at scale, setting a new standard for innovation in the Net5.5G era. 18 April 2024 – At the Huawei Analyst Summit 2024, Steven Zhao, Vice President of Huawei’s Data Communication Product Line, unveiled the company’s groundbreaking strategies to...
FinbotsAI and KBZ Bank Join Forces to Transform Credit Risk Management in Myanmar with AI-Powered Solution
FinbotsAI partners with KBZ Bank, Myanmar’s leading bank, to implement CreditX, an AI-powered credit scoring solution, revolutionizing credit risk management in the region. The collaboration aims to enhance operational efficiency, drive financial inclusion, and facilitate faster and more accurate credit assessments across retail and SME products. FinbotsAI, a Singapore-based B2B SaaS FinTech backed by Accel, has announced a...
AMD Unveils Cutting-Edge AI Chips for Business PCs, Set to Debut in HP and Lenovo Platforms
AMD introduces new series of AI-enabled chips tailored for business PCs, including the Ryzen PRO 8040 Series for laptops and mobile workstations, and the Ryzen PRO 8000 Series for desktops, set to launch in platforms from HP and Lenovo in the second quarter of 2024. 16 April 2024 – Advanced Micro Devices (AMD.O) announced on Tuesday the launch of its latest series of chips tailored for artificial intelligence-enabled personal...
Baidu’s Ernie Bot Dominates China’s AI Chatbot Market with 200 Million Users Amidst Rising Competition
Baidu’s Ernie Bot achieves a milestone with over 200 million users, facing stiff competition from emerging rivals like Moonshot AI’s Kimi in China’s AI chatbot market. Despite challenges, Ernie Bot continues to grow and serve a large base of enterprise clients. 16 April 2024 – Baidu, China’s leading technology company, announced on Tuesday that its artificial intelligence chatbot, “Ernie Bot,”...
Adobe Unveils Integration of Third-Party AI Tools in Premiere Pro for Advanced Video Editing Capabilities
Adobe reveals plans to integrate third-party AI tools, like OpenAI, into its Premiere Pro software, aiming to introduce advanced features for automated video editing. 15 April 2024 – In a strategic move to enhance its widely used Premiere Pro application, Adobe (ADBE.O) has announced plans to integrate third-party generative artificial intelligence (AI) tools, including those from OpenAI and other startups. This initiative,...
South Korea to Host Global AI Safety Summit, Building on Bletchley Declaration
South Korea is set to host the second global AI safety summit, continuing the collaborative efforts initiated by the “Bletchley Declaration” to address AI safety concerns and establish global norms for governance. 13 April 2024 – South Korea is set to host the second global AI safety summit on May 21-22, following in the footsteps of Britain’s inaugural event held at Bletchley Park six months prior. Government...
Nvidia and Indosat Ooredoo Hutchison Forge Partnership to Establish $200 Million AI Center in Central Java
Nvidia and Indosat Ooredoo Hutchison are teaming up to build a $200 million AI center in Central Java, aimed at advancing technological innovation in Indonesia. The center, to be located in Surakarta city, will focus on telecommunication infrastructure and human resource development, contributing to the region’s AI ecosystem. 4 April 2024 – Nvidia, a global leader in artificial intelligence (AI) technology, and PT Indosat...
Google Mulls Premium Features for AI-Powered Search Engine Amid Push for Monetization
Google, under Alphabet Inc., is reportedly exploring the introduction of premium features for its AI-powered search engine, aiming to monetize its core products and stay competitive in the AI space. Despite potential subscription-based enhancements, Google assures that its traditional search engine will remain free with ads, amidst competition from industry giants like OpenAI and Microsoft. 4 April 2024 – Google, a subsidiary of...
Apple Inc. Explores Entry into Personal Robotics Market
Apple Inc. is exploring entry into the personal robotics market, with plans for mobile robots and advanced tabletop devices, aiming to diversify revenue streams and maintain its innovative edge. The move reflects Apple’s strategic focus on emerging markets and technological advancements in artificial intelligence and machine learning. 4 April 2024 – Apple Inc., renowned for its technological innovations, is venturing into...
SECTA5 Unveils Cartographer: AI-Powered Platform Revolutionizing Cybersecurity Threat Analysis and Response
SECTA5, a Singapore-based deep tech start-up, launches Cartographer, an AI-powered platform revolutionizing cybersecurity threat analysis and response. Cartographer enables companies to accelerate cyber risk triage, prioritize cybersecurity efforts, and mitigate threats effectively, ultimately strengthening cybersecurity defenses and optimizing resource allocation. 3 April 2024 – Singapore-based deep tech start-up SECTA5 has...
