The Chinese government has announced that it will invest a staggering $2.1 billion into the development of a new industrial park for AI research in Beijing. Other global superpowers such as Russia, the United States and the UAE have already invested heavily in AI (artificial intelligence) which has been recognized as a key economic driver in the future.
Japan's SoftBank and Huawei's Wireless X Labs recently signed a memorandum of understanding (MoU) regarding connected robots. SoftBank plans to offer Cube and Kibako (automated cube robots), while Huawei provides 5G wireless networks. Joint efforts will be conducted to implement 5G-based smart service robots by 2018.
To further the implementation of mixed-ownership reform-related deployments and be a creator of smart living trusted by customers, on 5 November, China Unicom and JD.com held an opening ceremony in Guangzhou to unveil their jointly built Smart Living Experience Store in Guangzhou.
Nokia has signed a Memorandum of Understanding (MoU) with St Luke's Eldercare (SLEC) to co-develop and conceptualize innovative solutions for the elderly. As part of the MoU, Nokia and SLEC are trialing Asia's first fall prediction video analytics application.
PCCW Global, the international operating division of HKT, Hong Kong's premier telecommunications service provider, and Zhuhai Da Hengqin Science and Technology Development Co., Ltd. (DHQ Tech) will together explore the technological and regulatory viability of promoting multi-currency 'Tap & Go' mobile payment in the Greater Bay Area of Zhuhai, Hong Kong and Macau, in order to boost e-commerce, business trade and tourism in the region.
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