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PR Newswire

China Medical University Hospital (CMUH) in Taiwan Upgrades Smart Healthcare with Gen AI

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Establishing a comprehensive “AI-assisted Physician” using generative AI from Google Cloud, including MedLM

TAICHUNG, Feb. 17, 2024 /PRNewswire/ — China Medical University Hospital (CMUH) in Taiwan announced its collaboration with Google Cloud in mid-December 2023. Using Google Cloud’s generative AI technology, including MedLM, which is a large language model built on Med-PaLM 2, CMUH has developed a comprehensive “AI-assisted Physician” system which aims to assist healthcare professionals in disease diagnosis, treatment planning, patient education, and medical research, etc. 

Superintendent Der-Yang Cho of CMUH announced a collaboration with Google Cloud to develop a large language model, MedLM, based on Med-PaLM 2. CMUH is the first medical center in Asia to adopt Med-PaLM 2.
Superintendent Der-Yang Cho of CMUH announced a collaboration with Google Cloud to develop a large language model, MedLM, based on Med-PaLM 2. CMUH is the first medical center in Asia to adopt Med-PaLM 2.

The collaboration between CMUH and Google Cloud will introduce assistive tools designed to support medical professionals in precision cancer treatment. These tools, including “Customized Cancer Treatment Guidelines” and “Cancer Therapy Q&As,” aim to reduce the time spent searching for information and enable the quick capture of accurate data. This can aid professionals in developing cancer treatment plans, offering personalized treatment-related information to patients, and providing responses to patient health education inquiries.

CMUH is one of the first university hospitals in Asia to test MedLM. Through its collaboration with Google Cloud, CMUH is dedicated to driving AI innovation in smart healthcare to shape the future of healthcare in Taiwan. MedLM will help facilitate CMUH in the timely access of accurate medical information to establish the best Healthcare AI models for the Chinese-speaking market in Asia.

Prof. Der-Yang Cho, Superintendent of CMUH, pointed out that MedLM is advanced in its ability to provide precise and rapid data analysis for drug guidelines, disease gene sequencing, and medical records, among other areas. Such capabilities can significantly accelerate the discovery of new treatments for difficult-to-treat diseases by medical teams and assist in the rapid development of treatment plans to help patients. “We are excited about this collaboration, which positions smart hospitals in Taiwan at the forefront of providing more precision- and safety-oriented support to healthcare professionals and patients alike,” Prof. Der-Yang Cho said.

CMUH was already recognized as the world’s third smart hospital by the US. Healthcare Information and Management Systems Society (HIMSS) in their 2022 Digital Health Indicator (DHI) ranking. Additionally, Newsweek named CMUH as one of the World’s Best Hospitals for 2023 and one of the World’s Best Smart Hospitals for 2024. With its widespread recognition, CMUH is deeply committed to advancing the diversification and precision of smart healthcare services.

“Life sciences problems are fundamentally data problems, and this is where AI can fully unleash its potential,” said Kathy Lee, Managing Director of Google Cloud, North Asia. “Generative AI solutions from Google Cloud can help healthcare and life sciences organizations operate more efficiently and improve patient outcomes. In this remarkable era of gen AI, we are excited to collaborate with medical industry leaders that drive innovation through AI like CMUH, and partner with them to build the future of healthcare in Taiwan.”

Aashima Gupta, Global Director of Healthcare Strategy and Solutions at Google Cloud, shared that healthcare professionals are committed to delivering the best care for patients, and gen AI can be a crucial ally in reducing their workload. Gupta pointed out that this technology will ease the cognitive burden for staff and improve personal care for patients. Furthermore, it will allow healthcare professionals at CMUH to devote more time to tasks that require human judgment and expertise. She mentioned that ensuring the safety and effectiveness of gen AI is fundamental to these benefits.

Greg Corrado, a Distinguished Scientist and Senior Research Director at Google Research, discussed how MedLM is designed specifically for the healthcare industry and is part of the growing family of gen AI technologies that have the potential to significantly improve the healthcare experience for professionals and patients. Corrado emphasized the importance of collaborating with healthcare institutions like CMUH in testing and implementing new gen AI solutions, underlining it as a critical step towards developing safe and effective AI technologies.

Prof. Oscar K. Lee, Vice Superintendent of CMUH explained that among global generative AI large language models, Med-PaLM 2 stands out in model performance. It scored 85% on MedQA-USMLE (US Medical Licensing Examination), reaching a level of excellence comparable to professional physicians. This makes it a pioneer among the world’s medical AI models in terms of outstanding performance. By training the model to analyze treatment guidelines and care cultures from various regions, MedLM will become even better at addressing the medical and healthcare needs of local populations.”

Currently, the collaborative applications between CMUH and Google Cloud include “Customized Cancer Treatment Guidelines” and “Cancer Therapy Q&As”. The “Customized Cancer Treatment Guidelines” are developed based on the National Comprehensive Cancer Network (NCCN) guidelines and are integrated with MedLM, enabling clinicians to quickly capture accurate information based on the patient’s cancer staging, treatment methods, and risk assessments, etc. It can also generate cancer treatment plans and provide personalized treatment recommendations for clinicians to review, edit and use with patients. Focusing on health education for cancer patients, the “Cancer Therapy Q&As” application incorporated the cancer care-related health educational content of CMUH into the MedLM model for training and optimization, resulting in a system with extensive medical knowledge and Q&A capabilities. Such advancement not only diminishes the time healthcare professionals spend searching for information but also provides comprehensive treatment options. Furthermore, it contributes to enhancing overall clinical efficacy, improving patient understanding and engagement, and enhancing the quality of healthcare, thereby fostering warmer doctor-patient interactions and steering us collectively toward a healthier future.

In addition, in terms of new drug development, CMUH is leveraging Google’s unique AI accelerators, TPU (Tensor Processing Unit), to assist in calculations related to protein folding and the development of new drugs. Preliminary tests at CMUH have shown that utilizing these resources can reduce the computation time for related programs by over tenfold.

With its robust research and development capabilities, CMUH’s Artificial Intelligence Center has provided over 20 distinct AI medical services in recent years, assisting doctors in making fast and accurate medical decisions.

Media contact: Carolyn Chen, 100709@tool.caaumed.org.tw

PR Newswire

LG EARNS AI MANAGEMENT SYSTEM CERTIFICATION, CONTINUES TO DRIVE RESPONSIBLE INNOVATION

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Company Has Established a Comprehensive, Ethically-responsible Management System For Its AI-enabled Home Appliances

SEOUL, South Korea, Feb. 15, 2024 /PRNewswire/ — LG Electronics (LG) has recently achieved a significant milestone by obtaining the AI Management System (AIMS) certification (ISO/IEC 42001) from the Korean Standards Association (KSA).[1] This certification demonstrates LG’s commitment to prioritizing data security and embracing responsible AI management practices throughout the entire lifecycle of its AI-powered home appliances.

ISO/IEC 42001, a globally recognized standard established jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), sets out the essential requirements for governing and managing AI technologies. [2] AIMS certification validates that a company has not only implemented but also maintains and continuously improves an AI Management System, demonstrating a responsible and ethical approach to developing and utilizing AI-based solutions.

The stringent assessment criteria of ISO/IEC 42001 cover various aspects, including AI policy formulation, risk assessment, risk management, ethical compliance, regulatory responsiveness and transparency in AI management processes.

The acquisition of AIMS certification acknowledges LG’s ongoing and systematic efforts to ensure rigorous control over potential issues related to its AI products and services, including security, fairness, transparency and accountability. Through this certification, LG aims to enhance customer trust and strengthen its competitiveness.

Last year, LG distinguished itself as the first home appliance manufacturer to receive Deep Learning AI Verification, awarded by the independent safety science company UL for its washing machine and dryer. Additionally, LG obtained AI Safety Certification from the Korea Institute of Industrial Technology (KITECH) for the AI functionalities integrated into the LG WashTower.[3]

LG actively leverages data- and AI-based research and development initiatives to realize the vision of the ‘Zero Labor Home,’ offering users a refreshingly convenient and relaxing smart home experience facilitated by LG’s advanced, AI-driven home appliances and services.

“This certification shows that we have established a comprehensive AI management system and are committed to providing our customers with safe, responsible AI-based solutions for a better life,” said Lyu Jae-chul, president of LG Electronics Home Appliance & Air Solution Company.

[1] The AI Management System certification (ISO/IEC 42001) from the Korean Standards Association is confined to the products produced in LG Smart Park 1, 2 in Changwon, Republic of Korea.

[2] https://www.iso.org/artificial-intelligence/ai-management-systems 

[3] The AI Safety Certification from the Korea Institute of Industrial Technology is applied to WashTower model W17NT.

About LG Electronics Home Appliance & Air Solution Company 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.

Source: LG Electronics, Inc.

PR Newswire

EarthDaily Analytics’ SaaS EarthPipeline Rapidly Produces First Light Image with Nara Space’s Observer Satellite

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EDA’s AI-driven EarthPipeline, the world’s first SaaS ground segment, accelerates Nara Space’s go-to-market by facilitating the production of an orthorectified first light image from their Observer-1A satellite in record time for the achieved geolocation and radiometric accuracy.

VANCOUVER, BC, Feb. 9, 2024 /PRNewswire/ — EarthDaily Analytics (“EDA” or the “Company”), a vertically-integrated software and analytics space company revolutionizing the way companies go-to-market, announced today that deployment of its SaaS EarthPipeline ground segment by South Korea’s Nara Space (“Nara”) enabled the recently launched Observer-1A Satellite to produce an accurate first light orthorectified image more rapidly than would have been possible utilizing commercially available alternative systems.

Nara Space's first images at 1.5m resolution, processed by EarthDaily Analytics EarthPipeline. Image of Palm Jumeirah island in Dubai, UAE.
Nara Space’s first images at 1.5m resolution, processed by EarthDaily Analytics EarthPipeline. Image of Palm Jumeirah island in Dubai, UAE.

Production of a “first light” image is a critical milestone in the orbital deployment of an imaging satellite. This image represents the satellite’s inaugural construction of an image following initial in-orbit testing of the various imaging components. From Nara’s raw downlinked data, EDA orthorectifies the imagery, which is to say EDA implements a critical process in the creation of precise satellite imagery, ensuring that each pixel in the image corresponds accurately to its location on the Earth’s surface. To orthorectify an image, the EarthPipeline characterizes all of the sensor and satellite properties including the focal length, optical distortion, star tracker mounting alignment and satellite stability. Through a combination of physics-based models and machine learning, EarthPipeline constructs a digital model of the Earth, satellite, and sensor, capturing the precise imaging geometry of each satellite image acquisition. EDA’s meticulous approach not only enhances geolocation accuracy, however, but also improves radiometric calibration. EarthPipeline performs advanced radiometric calibration using specific calibration sites to translate pixel values into scientifically accurate signals describing the Earth’s ground features. The combination of world-class orthorectification and radiometric calibration lead to Observer-1A’s high-quality Analysis Ready Data products.

Jae-Pil Park, CEO of Nara Space, commented, “We believe that Nara Space has proudly asserted itself as the pioneer in the 25kg-class satellite arena, as we have achieved overseeing the entire satellite development process independently, from satellite manufacture to satellite imagery data analysis. With the successful launch of Observer-1A, we are ready to revolutionize industries including finance, environment, disaster management, and smart cities through our satellite data services. We plan to leverage our self-developed nanosatellite constellation in the near future to offer fast and precise data acquisition at a competitive price. The integration of our upcoming constellation with the EarthDaily Analytics EarthPipeline ground segment is a game-changer, significantly enhancing our data delivery capabilities as we deliver faster and more efficient market insights.”

EDA’s EarthPipeline is the world’s first fully managed ground segment pipeline-as-a-service, enabling both EDA and external customers such as Nara Space to transform downlinked satellite data into high-quality, Analysis-Ready Data (“ARD”) and imagery at a speed and scale previously unattainable with competitive technologies. Leveraging Amazon Web Services, EarthPipeline provides an endlessly scalable service that removes the pre-processing, normalization, and image transformation tasks from satellite operators’ workflows, empowering them to reach the market up to three times faster with ARD that is ready to be used in AI and Machine Learning applications seamlessly and securely. Nara Space data processed by EarthPipeline will also be made available via the Earth Data Store for purchase.

Don Osborne, CEO of EarthDaily Analytics, stated, “It’s no secret that high-quality data is a necessary precondition for high-quality analytics. Equally important, however, is the ability to process that downlinked data reliably and cost-effectively at a speed that brings the end user as close to real-time insight as is possible. Running on the best-in-class AWS platform, our industry-leading SaaS EarthPipeline ground segment is highly efficient, endlessly scalable, and – as proven today – capable of processing satellite-derived data with unmatched quality and turnaround time. In providing this service to third-party satellite operators, we are driving the state of the industry forward and bringing EDA’s game-changing processing power to a New Space sector that increasingly appreciates the necessity of best-in-class efficiency, quality, scalability, and speed in an ever more competitive landscape. Following the launch of EDA’s forthcoming EarthDaily Constellation in late 2024, EarthPipeline and AWS will play a crucial role in unlocking the full potential of Everywhere Everyday.”

For more information on the EarthDaily Constellation, EDA’s game-changing Change Detection offering, and the AI-driven EarthPipeline ground segment, visit our website:

https://earthdaily.com/constellation/

https://earthdaily.com/product-service/earth-pipeline/

About EarthDaily Analytics

EarthDaily Analytics (EDA), headquartered in Vancouver, Canada, is a vertically integrated provider of Earth Observation data, analytics, and solutions. Utilizing a unique combination of proven space technologies, ground-breaking AI applications, and cutting-edge big data tools, EDA provides value-added, actionable insights to decisionmakers and risk managers across the public and private sectors on a global basis.

Building on a 35-year track record of leadership and innovation in the commercial application of Earth Observation technology, EDA is moving the state of the Change Detection industry forward with the 2024 launch of the EarthDaily Constellation. Supported by best-in-class project partners including Loft Orbital, Airbus, ABB, and SpaceX, the EarthDaily Constellation will provide spectrally robust, analytics-ready data covering nearly 100% of the world’s landmasses and maritime regions, collected at the same time every day. Pairing the unmatched data collection of the EarthDaily Constellation with EarthPipeline, the world’s first fully managed, endlessly scalable ground segment pipeline-as-a-service, EarthDaily Analytics is bringing the world’s most advanced change detection system to bear on the biggest challenges facing businesses, governments, and humanity as a whole.

Contact
EDA Media Inquiries – Bryan Degnan, The IGB Group (BDegnan@igbir.com; +1-646-673-9701)

Nara Space's first images at 1.5m resolution, processed by EarthDaily Analytics EarthPipeline. Image of Cupertino, CA, USA.
Nara Space’s first images at 1.5m resolution, processed by EarthDaily Analytics EarthPipeline. Image of Cupertino, CA, USA.
PR Newswire

KEENON Robotics’ DINERBOT T9 Pro Receives Esteemed 2023 GOOD DESIGN® Award by The Chicago Athenaeum: Museum of Architecture and Design

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CHICAGO, Feb. 3, 2024 /PRNewswire/ — KEENON Robotics is delighted to announce the recognition of its DINERBOT T9 Pro, an autonomous delivery robot, honored with the esteemed 2023 GOOD DESIGN® Award by The Chicago Athenaeum: Museum of Architecture and Design. This acknowledgement celebrates the exceptional design aimed at simplifying the pick-up process and transforming dining experiences through engaging interactions. The DINERBOT T9 Pro ensures patrons retrieve items effortlessly, enhancing user convenience and marking a significant milestone in service robotics innovation.

KEENON DINERBOT T9 Pro Receives 2023 GOOD DESIGN® Award by The Chicago Athenaeum: Museum of Architecture and Design
KEENON DINERBOT T9 Pro Receives 2023 GOOD DESIGN® Award by The Chicago Athenaeum: Museum of Architecture and Design

This cutting-edge service robot transforms dining experiences by inviting patrons to actively engage with their meal by self-pickup, eliminating the need to stand or perform additional steps, significantly improving user convenience and efficiency. Upon reaching the table, it orchestrates a seamless self-service experience through a large-screen display, friendly voice prompts, and integrated lighting. With upgraded scene recognition, fluid movement, human-robot interaction, and data optimization, the T9 Pro epitomizes elegance while paving the way for intelligent automation.

Crafted with meticulous attention, the DINERBOT T9 Pro merges aesthetics and practicality seamlessly. Its sleek, contemporary design combines simplicity and innovation, presenting a visually compelling appearance that harmoniously balances style and technological advancement, marking a unique standard in intelligent robotics.

KEENON Robotics’ recognition with the 2023 GOOD DESIGN® Award, alongside exceptional designs, reaffirms its commitment to crafting robots that seamlessly integrate into and enhance various facets of everyday life. This prestigious accolade not only acknowledges the pursuit of exceptional design but also strengthens its mission to create technology that harmoniously aligns with human needs, contributing to a more accessible and efficient future. The DINERBOT T9 Pro’s streamlined operations for restaurants and enhanced dining experiences for customers showcase its praticality and necessity in evolving service robotics.

For more information and press inquiries, please contact global@keenon.com or visit www.keenon.com/en/ 

About KEENON Robotics

A global leader in commercial service robots and solutions, KEENON Robotics has been at the forefront of the advanced service robot market since 2010. Harnessing cutting-edge technologies in robotics and cloud computing, the company is trusted by businesses worldwide. KEENON Robotics is dedicated to creating value, fostering innovation, and contributing to industry growth across various sectors.

PR Newswire

DFI Unveils Embedded System Module Equipped with Intel’s Latest AI Processor to Enter the AI IPC Market

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TAIPEI, Jan. 31, 2024 /PRNewswire/ — DFI, the world’s leading brand in embedded motherboards and industrial computers, is targeting the AI application market by launching the embedded system module (SOM) MTH968 equipped with the latest Intel® Core™ Ultra processor. It is the first product integrated with an NPU (Neural Processor Unit) processor, representing the official integration of AI with industrial PCs (IPCs). With the expansion into AI IPC, DFI expects to inject new momentum into the AI edge computing market.

According to the STL Partners report, the potential market value of global edge computing will increase from US$9 billion in 2020 to US$462 billion in 2030, representing a compound annual growth rate (CAGR) of 49%. Therefore, the development of products that utilize the core capabilities of chips to rapidly execute AI edge computing in devices has become a key focus for many major technology companies.

DFI’s MTH968 adopts the COM Express (COM.0 R3.1) Type 6 module standard and is equipped with an Intel Meteor Lake processor, marking the debut of integrated CPU, GPU, and NPU on a single chip. Two “low-power, high-efficiency cores (LP E-core)” are built in, reducing power consumption by 30% to 50%, optimizing the CPU by 10%, and improving GPU performance by up to 114% compared to previous generation Intel processors.                            

The built-in NPU of Meteor Lake enhances the performance of the MTH968 in critical AI tasks. Based on new AI computing architecture, the device can more efficiently process advanced AI edge computing, complex graphics computing, and other applications, while saving data on cloud costs.

The MTH968 has highly customizable integration capabilities and a fanless wide temperature design(operating from -40°C to 85°C), and utilizes DDR5 and NVMe SSD to optimize high-efficiency computing performance, reduce latency, and enhance storage speed. The MTH968 can be widely used in AIoT fields such as industrial automation, smart transportation, and smart agriculture.

As 5G, edge computing, and remote control tech advance, IPCs directly handle complex tasks through AI edge computing. DFI’s MTH968 excels in high-performance computing with account energy efficiency, enhancing computing and customizable flexibility, thereby accelerating industrial AI application upgrades.

Key features:

  • Equipped with Intel® Core™ Ultra processor (Meteor Lake)
  • Supports dual-channel DDR5 and NVMe SSD
  • Fanless and wide temperature design: -40°C to 85°C
  • Compact size: 95mm * 95mm
  • Com Express Type 6

For more information: LinkedIn or contact us. 

Contact 

eva.chen@dfi.com 
evelyn.chang@dfi.com 

Source: DFI Inc.

PR Newswire

Cloudwerx Acquires Lightfold, Australia’s Leading Data and AI Consultancy

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SYDNEY, Jan. 30, 2024 /PRNewswire/ — Cloudwerx, an APAC Salesforce Summit partner, today announced the acquisition of Lightfold, a top-tier data analytics and artificial intelligence (AI) consultancy.

Toby Wilcock headshot
Toby Wilcock headshot

The acquisition is a strategic expansion of Cloudwerx’s capabilities, combining its robust Salesforce and automation solutions with Lightfold’s innovative approach to data analytics and AI. Cloudwerx is well positioned to deliver highly innovative solutions to its customers across the APAC region.

The deal is Cloudwerx’s first acquisition proceeding the investment from leading Australian growth fund, CVC Emerging Companies, in May 2022.

“Cloudwerx’s acquisition of Lightfold unlocks new and exciting opportunities for our customers, who can now access AI and customer data tools to drive organisational improvement. This partnership is set to redefine the landscape of tech consulting, by providing our clients with a broader range of advanced, data-driven services to maintain a competitive edge. Both companies share a vision for driving business transformation through advanced technology, making this partnership a natural fit,” said Toby Wilcock, CEO of Cloudwerx.

Lightfold is a leader in the deployment of the ‘modern data stack’ – the collection of next-generation cloud data and AI solutions. The modern data stack is growing rapidly worldwide as both a replacement of legacy business intelligence tools as well as a critical enabler for the rise of large language models (LLMs) and AI within an organisation. Lightfold works with organisations across sectors such as financial services, telecommunications, retail and consumer goods, and high tech.  

“The future of competitive business advantage lies in the ability to utilise cloud-based systems that integrate customer information to surface insights and inform business decisions. At the heart of this transformation are pioneers like Cloudwerx and Lightfold, whose complementary strengths open up new possibilities. We believe that Lightfold’s tools combined with Cloudwerx’s team of expert consultants will offer the most advanced business solutions on the market,” said John Cosgrove, Founder and CEO of Lightfold.

“Lightfold has been a long term strategic partner of Cloudwerx, the acquisition complements our strategic investment in data analytics and AI technologies. The combination of the two businesses will enable Cloudwerx to unlock operational efficiencies and deliver insight that our customers had never thought possible. Together we are excited to be offering real world data analytics and AI solutions as one highly specialised team,” said Roger Burgess, Non-Executive Chairman and Co-Founder of Cloudwerx.

Following the acquisition, Cloudwerx will continue its focus on mid-market and enterprise businesses in the retail and consumer goods, financial services, high tech and health, and life sciences industries among others, to accelerate growth through best in class cloud technology consulting services and solutions.

About Cloudwerx

Cloudwerx, a Summit Salesforce Partner, is redefining the digital transformation landscape in the APAC region. We specialise in Salesforce solutions, integrating leading cloud platforms to drive business growth and operational efficiency. At the core of our strategy is a deep commitment to client-centric solutions, ensuring each technology strategy is uniquely aligned with our clients’ objectives. Our comprehensive suite of services includes strategic advisory, platform implementation, advanced data and systems integration, automation and managed services. Cloudwerx is dedicated to steering businesses towards a digitally empowered future, acting not just as consultants but as strategic partners in transformation and growth. Visit: https://cloudwerx.co/

About Lightfold

At Lightfold, we’re experts in harnessing the Modern Data Stack to elevate your data’s potential and optimise the customer experience. We craft bespoke assets ranging from intuitive dashboards and predictive AI models to comprehensive customer data platforms. Our goal is to empower your team and drive your business forward with data-driven precision and innovation. Visit: https://lightfold.com.au/ 

PR Newswire

APAC businesses expected to nearly triple spending on generative AI to US$3.4bn in 2024: Infosys Research

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Spending trails North America but adoption, effectiveness, and growth are among the highest globally

MELBOURNE, Australia, Jan. 27, 2024 /PRNewswire/ — Companies across Asia-Pacific (APAC) are quickly ramping up investments in generative AI (GenAI) and entering a higher stage of maturity, according to new research from the Infosys Knowledge Institute (IKI), the research arm of Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting. While APAC companies currently lag behind their North American counterparts in GenAI spending, the research forecasts a bigger increase than in any other region – 140% in the next year. This translates to an estimated US$3.4 billion to be invested across Australia, New Zealand, China, Japan, India, and Singapore.

Infosys’s Generative AI Radar APAC report includes insights from interviews with business leaders and AI practitioners and a survey of 1,000 respondents from Australia, New Zealand, China, Japan, India, and Singapore. The report also highlights the following insights.

ANZ GenAI spending growth is among the highest in the APAC region and globally

  • Enterprises across APAC are investing heavily in GenAI. China leads the region, with investment expected to grow by more than 160% to US$2.1 billion, with Australia and New Zealand growth close behind.
  • ANZ investment is expected to grow by more than 150%, from US$60 million to US$151 million in 2024.

Australian companies are more likely to deliver business value from GenAI investments than European and North American counterparts

  • While Australia lags Europe and North America in current investment (as a proportion of GDP), the money it does spend, it spends more effectively.

Biggest obstacles to APAC adoption are caution around responsible AI, concerns about impact on reputation, and employee readiness

  • Responsible AI (data privacy, data usability, ethics and bias) is a concern for APAC countries, though ANZ is less concerned about data usability.
  • APAC is more cautious about GenAI’s business impact than North America and Europe; almost 10% expect a negative impact on reputation versus less than 5% for North America and Europe.
  • ANZ has the lowest level of employee readiness for generative AI, at 56%, compared to nearly 70% in other companies in the region. Firms in Australia and New Zealand are mostly looking to upskill their existing workforce to fill that gap.

APAC companies are more likely than other regions to see product development and content generation areas of greater impact

  • More companies in APAC (30%) than North America (20%) and Europe (25%) expect GenAI to be effective for streamlining product development and design – China drives this view, with nearly 35% emphasising this area for maximum GenAI impact.
  • APAC companies are also more likely to believe GenAI will transform content generation and creativity. Twenty-two percent of APAC firms held this sentiment, led by 30% Japanese companies holding this view.

Andrew Groth, Executive Vice President, Asia Pacific, Infosys, said: “Generative AI is clearly a transformative technology. Although company leaders across APAC have been more cautious than companies in the rest of the world, they are set to outpace firms in other regions. Additionally, they are already delivering more value from their spending on generative AI. To continue to make the most of this technology and to become AI-first organisations, they should focus on talent development and making AI more accessible through a platform ecosystem.”

To read the full report, please visit here.

About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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PR Newswire

LPS Unveils New Brand Identity, Fully Embracing Lenovo’s AI for All Transformation Journey in Asia Pacific

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Rebranding supports Lenovo’s vision – ‘AI for ALL’ – by collaboratively enhancing AI-powered services and solutions to propel smarter city development

HONG KONG, Jan. 23, 2024 /PRNewswire/ — Lenovo PCCW Solutions (LPS) today announced a leap in branding direction, embracing a new corporate image as “LPS”, an acronym of the company’s full name. The rebranding couples with Lenovo’s newest moves to emphasize AI-powered transformation, solidifying LPS as a premier digital solutions provider in the Asia Pacific region.

The move comes alongside recent findings suggesting that: CIOs are nearly twice as likely to prioritize innovation in new technologies over optimizing their current tech stack, according to the annual Lenovo Global Study of CIOs 2.0[1]. Furthermore, over 90% of respondents emphasize the importance of having the right technology partners to increase business agility and ensure effective operations.

Since its induction into Lenovo in 2022, LPS has continued to strengthen its regional presence and delivery capabilities by harnessing new synergies with Lenovo. This brand evolution represents a significant milestone for LPS, highlighting its strategic vision to channel two decades of system integration experience and service excellence towards innovation and customer satisfaction.

Ken Wong, Executive Vice President and President of Lenovo’s Solutions & Services Group, said, “Integrating LPS into Lenovo is a key example of how we continue to diversify our offerings to support the growth of the Asia Pacific region, and drive Lenovo’s leadership in IT solutions and services in the region. We are focused on strengthening our capabilities and investing in new technologies to help empower companies in their digital transformation journeys.” 

With access to Lenovo’s infrastructure and R&D capabilities, LPS is uniquely equipped to advance emerging technologies such as digital twin, blockchain, web 3.0, and address technology needs both locally and globally. LPS’ go-to-market units will bolster both public and enterprise sector projects, taking full advantage of its expertise in key business segments including aviation, travel & transportation, communications, and financial services.

Our new look to progress smarter


A new logo design accentuates the company’s strengths and uniqueness, symbolizing the synergistic capabilities of Lenovo and LPS’ heritage. It manifests our unwavering commitment to smarter progress, becoming more sustainable with our cities, clients, and people.

Ted Suen, Deputy CEO of LPS, said, “We are excited to unleash the full potential of our new brand identity. This vibrant injection of energy will be a valuable asset as we continue to shift towards AI-powered solutions and closer collaboration with Lenovo. With delivery excellence and solutions integration imprinted in our DNA, LPS is ready to mature into a trusted digital partner to better serve our clients, fostering smarter city development in the Asia Pacific region.”

As Hong Kong’s No. 1 company in both application development and systems integration for a full decade according to IDC[2], LPS will look to maintain its growing momentum with Lenovo, with new projects and upcoming large-scale industry event collaborations slated to make 2024 another record year.

[1] Lenovo Global CIO Study is an annual survey of IT leaders and decision-makers commissioned by Lenovo, covering nine key markets: Brazil, Mainland China, Germany, Hong Kong SAR, India, Japan, Singapore, the United Kingdom, and the United States. The online survey has a sample size of 682 and was conducted between March 3-25, 2023.

[2] Source: IDC Worldwide Semiannual Services Tracker (2023H1 release)

About Lenovo PCCW Solutions (LPS)

LPS is a leading IT and technology solutions provider in the Asia Pacific. We partner with governments and enterprises to achieve digital transformation excellence, driving business growth through our market-leading solutions and industry best practices. As a proud member of Lenovo Group, we have unlocked new synergies with Lenovo’s global reach and technological capabilities. With our 4,600+ team of experts and a strong network of ecosystem partners, LPS is committed to providing end-to-end technology solutions and services, including systems integration, application development and operation, managed services, cloud services, IT outsourcing, and technical services.

To find out more about LPS, please visit www.lpstech.com.

PR Newswire

Dell Unveils Innovative Loyalty Program in Japan with OORT

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NEW YORK, Jan. 21, 2024 /PRNewswire/ — Dell Technologies has announced the expansion of its latest global loyalty program to Japan on Jan 18, 2024, following successful launches in Canada and the United States in 2023. In a significant move for the Web3 space, OORT, a burgeoning force in AI-focused decentralized cloud services, has joined this program, offering its OORT Storage (formerly OORT DSS) to Dell’s customers.

OORT: Aligning with Mass Adoption Goals for Decentralized Solutions

The inclusion of OORT in Dell’s loyalty program is a strategic step that resonates deeply with OORT’s mission of driving the mass adoption of decentralized cloud solutions. As the program expands globally, OORT is continuously refining its offerings, making them increasingly suitable for complex and demanding applications, such as those in the field of artificial intelligence.

OORT’s commitment to providing enterprise-grade decentralized cloud solutions is evident in its approach to developing technology tailored for AI applications. This initiative demonstrates OORT’s dedication to innovation and its role in advancing the integration of decentralized technology in mainstream business solutions.

About OORT’s Technology for AI Applications

OORT has been diligently working on enhancing its decentralized storage services and preparing for the upcoming compute services, ensuring that they cater effectively to the burgeoning demands of AI applications. This focus is evident in their latest service updates, which have been designed to offer increased efficiency, security, and scalability – essential features for AI-driven tasks.

Dell Rewards: Embracing the Future with OORT

The extension of Dell Rewards to Japan marks a crucial step in Dell’s journey towards integrating cutting-edge technology with customer-focused services. OORT’s participation as the sole Web3 project in this program signifies a mutual commitment to innovation and customer satisfaction.

Dell Rewards continues to offer an array of exclusive benefits, now enriched with OORT’s decentralized storage solutions, reflecting Dell’s foresight in embracing emerging technologies to benefit its vast customer base.

Future Prospects

As Dell Rewards forges ahead, incorporating OORT’s advanced solutions in Japan and beyond, both companies are set to redefine the standards of customer engagement and technological excellence in the digital age. This partnership not only enhances the loyalty program’s forward-thinking vision but also positions OORT as a trust-worthy provider of decentralized solutions, poised to impact cloud service for AI applications significantly.

For more information about the Dell Rewards loyalty program and OORT’s involvement, please visit https://console.oortech.com/loyalty-program/.

About OORT

OORT is a decentralized cloud for privacy and cost savings. By integrating global compute and storage resources, we provide AI solutions to enhance business operations. To learn more about OORT, please visit www.oortech.com or follow its Twitter at https://twitter.com/oortech.

PR Newswire

Forrester: Global Tech Spend To Grow 5.3% In 2024, Reaching $4.7 Trillion

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The Asia Pacific region will see the fastest growth; six countries forecasted to have the largest GDP growth are in Asia

SINGAPORE, Jan. 19, 2024 /PRNewswire/ — Forrester’s (Nasdaq: FORR) Global Tech Market Forecast, 2023 To 2027, reveals that as economic conditions continue to improve, technology spend will grow 5.3% in 2024 — up from 3.5% in 2023. Two factors will primarily contribute to this growth: Increased spending on software and IT services, including generative AI (genAI), cloud, security, and digital, and economic growth in Asia Pacific. By 2027, software and IT services will capture 69% of global tech spend, with investments in genAI software predicted to reach $227 billion by 2030 at a 36% compound annual growth rate. Asian countries, especially India, the Philippines, Vietnam, Indonesia, Malaysia, and China, will see the fastest tech spend growth in 2024.

Global tech spend is expected to reach $4.7 trillion in 2024, with growth occurring across all regions:

  • Asia Pacific will grow 5.7%. India is one of the largest exporters of technology services: IT exports will reach $194 billion in 2023, and total technology and service industry revenues could reach $350 billion by 2025.
  • North America will grow 5.4%. Software and IT services will capture 60% of US tech spend in 2027, up from 53% in 2018. Financial services and healthcare will see the fastest tech spend growth in 2024, with more modest growth in retail, manufacturing, transportation, and logistics.
  • Europe will grow 5.1%. After a challenging 2023, the European economy will recover in 2024 to grow almost double the rate compared to the previous year. Longer term, European tech spend will see 5.1% to 5.7% growth from 2024 to 2027, driven by higher enterprise digital maturity and more advanced cybersecurity adoption.

“Technology companies faced significant economic headwinds this past year, but 2024 promises a better outlook,” said Michael O’Grady, principal forecast analyst at Forrester. “Asia will see the fastest economic growth due to India’s growing IT export market as well as significant investments in tech innovation. Similarly, in the US, heavy investments in emerging technologies through the development of three primary CHIPS and Science Act agencies will fuel tech spend growth. In Europe, greater investment in cybersecurity and the EU’s Coordinated Plan on AI will help the region bounce back. Demand for cloud and AI is strong across all regions, with genAI expected to boost the tech market over the next three years.”

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About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.