February 23, 2024

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More Singapore organisations to benefit from AI

More artificial intelligence opportunities await students, researchers and startups in Singapore. The recently inked Memorandum of Understanding (MoU) between Canadian based AI software product company, Element AI, with Singapore organisations GIC, SGInnovate and Singapore Management University hold much promise. The Canadian company delivers AI software products which augment decisions to make businesses safer, stronger, and more agile.

The company’s Senior Vice President, Industry Solutions & Corporate Development, Mr Omar Dhalla, said Singapore was an important location for the company. Its diverse pool of talent, robust deep tech ecosystem, human centric society, and good connections with the region make it an attractive place to do business.

In agreement, the company’s CEO, Jean- François Gagné said, “The Singapore industrial ecosystem consists of renowned institutions with deep expertise in building global enterprises, incubators with a proven history of launching world-changing companies, and prestigious academic institutions conducting the research critical to understanding the world around us and lighting the path forward.”

Synergising research from the best minds from Canada and Singapore, the company is excited for what is to come. Through the partnerships and with the help of role-centric AI products, the company’s focus is on augmenting collective intelligence and transforming industry.

Bolstering AI Partnerships

Singapore’s sovereign wealth fund, GIC, for example, accelerates the use of innovative technologies and incubates new ideas through its innovation las. It frequently collaborates with business units, startups, research organisations and universities.

The collaboration between Element AI and GIC focuses on the application of advanced machine learning techniques to challenging problems faced by large asset managers. The strategic partnership researches technology trends which can be implemented enterprise wide.

Startups can look forward to the fruits of the inked partnership between Element AI and SGInnovate. The partners seek to expand the tech talent pool in Singapore and develop ASEAN’s startup ecosystem. Fostering AI-related startups which aid corporations and governments resolve a multitude of challenges will be a key priority.

Startups can also look forward to a series of co-hosted events, as well as the opportunity to work alongside technical founders. These will help startups to deploy, improve and further scale AI solutions. This will be done, in part, through collaborations with the portfolio companies of SGInnovate as well as from the wider market.

Steve Leonard, Founding CEO of SGInnovate said, “Our new relationship with Element AI, one of the most exciting AI startups in the world, will help us to increase our impact as a deep tech investor and company builder. SGInnovate and Element AI will look to generate commercial opportunities for deep tech startups to build, deploy, improve, and scale AI-system solutions. Through the shared work of SGInnovate and Element AI, the deep tech startup ecosystem across ASEAN will also be given a boost.”

The third partnership is with SMU School of Law. Partners will embark on a research collaboration in relevant areas on the governance of AI.  The university’s Vice Provost (Research), Dr Steven Miller, underscored that regulatory issues are becoming important to underpin the rapid developments in technology. Although the partnership is limited to its Law faculty, he believes the research outcomes will have an impact on every faculty on campus.

Between the partners, information, tools and approaches will be shared to deliver issues and recommendation papers. SMU will see that the Singaporean and ASEAN aspects of research have transpired. Element AI will focus on the North American aspects and leverage on its global researcher network.

The MoU was attended by the Prime Minister of Canada, The Right Honourable Justin Trudeau, accompanied by Minister of International Trade Diversification Jim Carr. Singapore’s Minister for Communication and Information, Mr S Iswaran was also present at the signing.

Jean-François Gagné, CEO at Element AI giving his speech at Element AI’s event in Singapore, witnessed by Minister S Iswaran, Singapore’s Minister for Communications and Information (Left) and The Right Honourable Justin Trudeau, Prime Minister of Canada

Both statesmen agreed that the embracing emerging technology was key to a successful future. However, strong, strategic and open diplomatic relations supported this function.

The MoU signing took place during Prime Minister Trudeau’s visit to Singapore for the ASEAN Summit.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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