Artificial Intelligence

The Monetary Authority of Singapore is teaming up with UOB, Element AI, HSBC, IAG Firemark Labs, and Gradient Institute in the first phase.

The national “new infrastructure” plan will fuel the competition in cloud services between Tencent and Alibaba.

At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields.

While Alibaba withstood China’s macroeconomic slowdown in early 2020, a wave of digitization spurred growth in e-commerce livestreaming, cloud services, and enterprise software.

The proposed monitoring system would rely on AI, 5G, and big data.

The firm produces power banks, chargers, data cables, and smart home appliances.

Despite a sharp drop in first-quarter sales because of the coronavirus pandemic, smart speaker shipments in China are projected to grow 9.8% in 2020.

However, the firm projects revenue’s decline to persist.