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Baidu invests US$200 million in Chinese AI firm Neusoft to develop smart city solutions

Chinese search engine giant Baidu is investing 1.44 billion yuan (US$202 million) in industrial artificial intelligence (AI) firm Neusoft Holdings to develop smart city, health care and education infrastructure.“Neusoft is an industry leader in … smart cities … and AI cloud for hospitals and the education sector,” said Baidu in a statement on Tuesday. “The collaboration between Baidu and Neusoft … is cooperation between an internet firm and a solutions provider to explore leading AI technology… Source link

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Vietnam 

PM demands solutions for shipping firms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A ship belonging to Vinalines. The company reported a 9 per cent year-on-year decline in its second quarter revenue, which stood at US$239 million. — Photo vneconomy.vn HÀ NỘI — The Prime Minister has asked ministries and Government agencies to support marine shipping firms. The PM instructed the Ministry of Transport to collaborate with the Ministry of Industry and Trade, the State Capital Management Committee and other Government agencies to work with shipping companies – especially those with high shipping volumes – to improve their performance in accordance with Document 118/VPCP-KTN, issued by the…

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Vietnam 

Việt Nam has high demand for automotive robotics solutions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vũ Trọng Tài (L), general manager of Reed Tradex Vietnam, and Huỳnh Phong Phú, local business manager, robotics and discrete automation, ABB Vietnam, in an interview with the local media in HCM City on July 25. — VNS Photo HCM CITY — The robotics market has grown strongly in recent years due to enterprises’ growing demand for automotive solutions to optimise output and save both labour and operational costs. Speaking in an interview with the local media in HCM City on Thursday, Huỳnh Phong Phú, local business manager, robotics and discrete automation, ABB…

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Vietnam 

Asian Innovators Summit discusses latest technological solutions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A stall demonstrates an ice-cream order app via Facebook Messenger. VNS Photo by Phương Mai HCM CITY — More than 300 business and technology leaders from Việt Nam and regional countries Wednesday attended the Asian Innovators Summit (AIS) 2019 in HCM City. The event, organised by software provider SAP of Germany, gave Vietnamese businesses insights on how the latest technology and solutions can help their innovation agenda and create new business models. Businesses experienced the latest innovations in Artificial Intelligence, Machine Learning, Blockchain and Internet of Things.  Josephin Galla, managing director of SAP Vietnam, said:…

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Vietnam 

Solutions sought to accelerate disbursement of ODA – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Nhật Tân Bridge in the capital city Hà Nội, one of many infrastructure projects in the country built with Japanese ODA. VNA/VNS Photo Lâm Khánh HÀ NỘI – The ODA National Steering Committee held a meeting with donors in Hà Nội yesterday to seek solutions to speed up the disbursement of ODA capital and preferential loans, which has showed signs of slowing down in recent years. The meeting, chaired by the steering committee’s chairman Deputy Prime Minister Phạm Bình Minh, was attended by representatives from six donors…

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Vietnam 

Prime Minister sets solutions for international integration – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Foreign tourists take a city tour in Hà Nội during the DPRK-USA Summit in February. The Prime Minister has noted that over the past five years, international integration has helped build a peaceful domestic environment. — VNA/VNS Photo Quang Hải HÀ NỘI — Individuals and businesses alike should be the subject of international integration, Prime Minister Nguyễn Xuân Phúc said during a teleconference on Tuesday. The cause of international integration will only achieve success with constructive and effective participation of all individuals and businesses, the leader said.  He urged…

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Vietnam 

Suspended projects need solutions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Participants at a meeting between city leaders and real estate enterprises held yesterday in HCM City. VNS Photo Bồ Xuân Hiệp     HCM CITY — The HCM City Real Estate Association (HoREA) on Wednesday urged the city to speed up the inspections of suspended property projects to protect real estate enterprises’ legitimate rights and prevent losses.   Speaking at a meeting with city leaders, Lê Hoàng Châu, chairman of HoREA, asked the city to publicly list 124 of the suspended construction projects that have been allowed to resume progress. The association said the developers…

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Vietnam 

HoREA proposes solutions for about 100 suspended projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of HCM City. HoREA has proposed solutions for suspended property projects to avoid damage to the property market. – Photo tienphong.vn Viet Nam News HCM CITY — The HCM City Real Estate Association (HoREA) has proposed solutions for suspended property projects to avoid damages to the property market, project backers and the State. HoREA chairman Lê Hoàng Châu last Friday said the association had sent a document to the Government Inspectorate of Việt Nam (GIV) and HCM City’s authority on measures to ensure more than 100 suspended projects…

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Property 

Hong Kong’s housing crisis can’t wait for long-term solutions

The government’s recent unveiling of the costs for its Lantau Tomorrow Vision proposal has divided the city: one half is concerned at allegedly exorbitant costs, although some estimates say the project will most likely turn in an eventual surplus; the other half seems to see it as a panacea to systemic housing issues. The official pitch is that the project is a long-term solution, designed to deal with Hong Kong’s expanding population and to relieve the city of its land shortages. All’s fair… Source link

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South Korean smart solutions firm BIStel says Made in China 2025 upgrading is why it plans to invest more

BIStel, a South Korean-headquartered provider of smart manufacturing solutions, said it will expand investments in China to catch business opportunities from the country’s plans for industrial modernisation and upgrading. “One of China’s goals is to upgrade its manufacturing ability under [the national strategy of ] Made in China 2025 … We have to invest in manpower and technology to obtain the business opportunities,” said Sunny Lee, general manager of BIStel China in Shenzhen on Friday. “Without these kinds of approaches, it will be difficult to do business in China.” The…

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