Element AI expands its successful collaborative approach and existing ties to Singapore with new agreements to develop cutting edge products in the financial sector, enhance local talent, scale commercial Artificial Intelligence solutions, and embark on global research collaborations
Element AI recently announced partnerships with GIC, SGInnovate and Singapore Management University (SMU) at an event attended by the Prime Minister of Canada, The Right Honourable Justin Trudeau, accompanied by Minister of International Trade Diversification Jim Carr. Also in attendance to witness the signing and provide remarks was Singapore Minister for Communications and Information H.E. S Iswaran.
These partnerships expand the Element AI footprint in Asia and reinforce its commitment to the Singapore AI ecosystem, from large corporations to the startup community to academia. As part of its mission of global expansion, Element AI is replicating a proven model of success by working with key Singapore based corporations, startup incubators, and research institutions to convert the latest academic breakthroughs into robust AI products that can be integrated and uniquely customised at scale.
“The Singapore industrial ecosystem consists of renowned institutions with deep expertise in building global enterprises, incubators with a proven history of launching world-changing companies, and prestigious academic institutions conducting the research critical to understanding the world around us and lighting the path forward,” said Element AI CEO Jean-François Gagné.
- The new partnership between Element AI and GIC initiates a collaboration that will focus on the application of advanced machine learning techniques to challenging problems encountered by large asset managers. Together, they will undertake research on technology trends that can be implemented enterprise wide.
- The partnership between Element AI and SGInnovate will prioritise the expansion of the deep tech talent pool in Singapore, and the development of the fast-growing technology startup ecosystem in ASEAN. Together, Element AI and SGInnovate will focus on the potential of AI-related startups to help corporations and governments address a variety of challenges. To this end, both parties will co-host a series of events and work alongside technical founders to create opportunities for startups to deploy, improve, and further scale AI solutions. This will be done, in part, through collaborations with the portfolio companies of SGInnovate as well as from the wider market.
- Element AI and SMU School of Law will be embarking on a research collaboration in relevant areas on the governance of AI. Specifically, SMU will be responsible for carrying out the Singaporean and ASEAN aspects of research while Element AI will focus on the North American aspects as well as leverage its global researcher network. Together, all parties will share information, tools, and approaches in order to deliver issues and recommendation papers.
About Element AI
Element AI delivers AI software products that augment decisions to make businesses safer, stronger, and more agile. Element AI is headquartered in Canada with offices in Montreal, Toronto, London, Singapore, and Seoul and is funded by leading investors including BDC Capital, Data Collective, Fidelity Investments Canada, Hanwha Investment, Intel Capital, Microsoft Ventures, National Bank, NVIDIA GPU Ventures, Real Ventures, and Tencent.
Source: Element AI
Read the full announcement here.