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Softbank and Tencent investor Lippo Group collaborate on AI and IoT for property development

The implementation of AI and IoT will feature smart cluster and traffic management.

Japan-based SoftBank Corp and Indonesian property conglomerate Lippo Karawaci today announced a collaboration to develop and implement artificial intelligence (AI) and Internet-of-Things (IoT) in Lippo developments, townships, and healthcare systems.

Lippo Karawaci CEO John Riady said that they will implement the AI and IoT systems beginning from the first quarter of 2020, where Lippo Village has been identified as a property project for AI implementation.

Softbank vice president and head of global business strategy Hidebumi Kitahara said the IoT technology implementation in Lippo Village will involve smart cluster and smart traffic management.

“Softbank will utilize its technology development insights to introduce advanced technologies to shopping malls and other commercial facilities, hospitals, and the entire Lippo Village area. Through this, we aim to develop Lippo Village as a smart city model case in Southeast Asia,” Kitahara said during a press conference on Thursday.

Smart cluster management uses advanced camera technology for facial recognition of vehicle occupants and also can read motor vehicle license plate numbers of township residents and identify unknown visitors. Meanwhile, smart traffic management can count the number of vehicles that enter an area, while being able to identify and differentiate vehicle types including motorcycles, cars, buses, and trucks.

Lippo said it would implement all the smart city models and smart traffic management systems in all of Lippo’s properties in the near future, including the USD 21 billion Meikarta megacity project in the first half of 2020.

Lippo Group is a shareholder in Indonesia’s unicorn OVO and an investor in Chinese internet giant Tencent Holdings Ltd.