Ping An Insurance to Use SingularityNET's AI Solutions

Ping An is the largest insurance corporation in the world with capitalization $217B (as for January 2018)
14 March 2019   596

SingularityNET blockchain platform and the Chinese insurance corporation Ping An will cooperate in the field of artificial intelligence and launch a number of joint initiatives. This is reported in the project's blog.

As the head of Ping An's AI direction, Bai Meng, said, the company is interested in the commercial application of optical character recognition technology, cross validation and machine learning offered by the SingularityNET ecosystem.

In the future, platform solutions can be used in Ping An's AI initiatives, such as Smart City and One Minute Clinic.

Ping An is the largest insurance corporation in the world. As of January 2018, the company's capitalization was estimated at $ 217 billion. Ping An shares are included in the Hang Seng Index - a composite index of the 50 largest companies listed on the Hong Kong Stock Exchange.

At the end of 2017, SingularityNET raised $ 32.8 million on ICO. The project token has been listed on Binance cryptoexc.

Against the background of news on cooperation with Ping An, the price of the SingularityNET (AGI) token began to rise rapidly in the morning of Thursday, March 14, rising to a peak by more than 13% in a short period of time, after which it corrected somewhat.

Apple to Acquire Drive.ai

Apple's decision came just in time - management of self-driving car startup was going to lay off a lot employees on Friday, 28.06
27 June 2019   469

Apple confirmed to Axios and The Verge that it bought a startup Drive.ai. As you can guess from the name, he developed the system of unmanned vehicle control. In recent times, things have been going badly. The management was going to close the company on Friday and disband the employees.

Drive.ai tested its technology on the redesigned Nissan NV200s - a bright orange car with several LED screens. They displayed messages for passersby and other road users: that the car gives way to a pedestrian, continues to move or turns into a ramp.

According to The Verge, a year ago, Drive.ai was considered one of the most promising startups in its field. It was estimated at 200 million dollars. According to the publications, Apple paid less for a startup.