In the News
Meet Wu Dao 2.0, the Chinese AI model making the West sweat
Europe is increasingly worried it’s being left out of the global race for artificial intelligence. A new artificial intelligence model developed by Chinese researchers is performing untold feats with image creation and natural language processing — making rivals in Europe and the U.S. nervous about falling behind.
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Stories of emerging technology at the intersection of business, economy, and politics. From Asia, to the world.
Founded in 2018, Forkast.News is a digital media platform covering all things blockchain and emerging technology at the intersection of business, economy, and finance — from Asia, to the world. Led by former Bloomberg TV anchor Angie Lau, Forkast.News is an authority in this space and has partnered with organizations like OECD, World Economic Forum, IBM, EY, and more.
Market News
China Bets on the Blockchain
Consumers are unlikely to notice much difference shopping with e-CNY, as the currency is officially known. It will be worth the same as cash and will activate with a tap, swipe or QR code. But the questions this form of money raises are profound.
AI in banking still has room for growth in Asia Pacific
A McKinsey report, AI in banking: Can banks meet the challenge?, identified four key outcomes that banks can achieve with the use of Artificial Intelligence (AI). They include higher profits, at-scale personalization, distinctive omnichannel experiences, and rapid innovation cycles.
China gov’t agency announces roadmap for blockchain development
In the latest move from Chinese authorities towards embracing blockchain, the Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology set out plans encompassing four separate areas for adoption.
Where AI, Blockchain and IoT are Now
New things are scary. But, when used correctly, solutions such as blockchain or artificial intelligence can enable the food industry to do what it already does better and more efficiently.
Work in Asia’s data age
How Asian businesses are integrating their HR and technology adoption strategies, and leveraging AI capabilities to reshape their organizations and operations.
The New Silk Road
China announced a Digital Silk Road in 2015 with a white paper that described a range of technology and communications projects. But it wasn’t obvious what, if anything, would play the the role of silk.
Singapore releases first Artificial Intelligence (AI) Governance Framework in Asia
This Model Framework is the first in Asia to provide detailed and readily implementable guidance to private organisations on how to address ethical and governance issues when using AI solutions.
Prepare for AI technology
Firms in Asia should beef up their efforts to embrace artificial intelligence (AI) technology that is reshaping the traditional manufacturing industry, experts said. It’s reshaping manufacturing industry, say experts at China Daily-ANN webinar
Seoul using AI to detect and prevent suicide attempts on bridges
Based on information from hours of CCTV footage and assessing details such as the hesitation of the person, the AI can then forecast a hazardous situation and immediately alert rescue teams, principal researcher Kim Jun-chul said.
Digital Dragons and Digital Dollars
Chen is in many ways a quintessential modern Chinese. With a comparative eye, he has been following the development of his country’s unique consumer culture for half a decade. “When I visited China in 2016, I was like, ‘Wow,’ Everyone is using WeChat Pay and Alipay. Nobody had a purse or a wallet.”
ALIBABA CLOUD SETS ASIDE $1 BILLION TO NURTURE DIGITAL SKILLS IN SOUTHEAST ASIA
The Chinese cloud vendor outlined three key programmes that focused on digital upskilling, developers, and tech startups. These included the launch of an initiative with Singapore's School of Computer Science and Engineering and Nanyang Technological University's NTU-Alibaba Singapore Joint Research Institute, to offer artificial intelligence (AI) courses under the university's MiniMasters programme.
Thailand’s Pomelo is revolutionizing SEA’s fashion industry with machine learning and AI
Machine learning and AI have a multitude of applications in various industries, but fashion might sound like a curious segment for their use. According to Jou, their demand forecasting service is based on a proprietary machine-learning (ML) engine that took 18 months to develop.
How key sectors in ASEAN countries are gaining from AI?
According to an IDC report, adoption rates for AI have already grown from 8% to 14% in 2017. Here, we take a look at the influence artificial intelligence is having across key sectors in the ASEAN region.
Businesses encouraged to embrace AI
The online event, themed “The Future of AI in Manufacturing Industries”, was jointly organized by the Tianjin Municipal People’s Government Information Office, China Daily, and Asia News Network.
