(Front row, from left) Cheong, Lim and Hoo at the MOU signing to implement AI development training.
A PARTNERSHIP has been formed between a global information and communications technology (ICT) solutions provider, an Internet solutions provider and a secondary school in Malaysia to implement artificial intelligence (AI) development training.
(Front row, from left) Cheong, Lim and Hoo at the MOU signing to implement AI development training.
Huawei Malaysia is the first company in the Asia Pacific to sign a memorandum of understanding (MOU) with Jenexus Holding Sdn Bhd and Chong Hwa Independent High School, the first independent secondary school in Malaysia to be a part of the Huawei Atlas AI Talent Development ecosystem programme.
The partnership sets a milestone in the Malaysian education landscape as the programme is expected to nurture a pool of savvy young talents who are proficient in developing AI technologies.
This will ensure that Malaysian talents remain relevant for future employability.
Chong Hwa Independent High School principal Cheong Moey Lian said, “We are proud to be the first independent high school in the country chosen for this programme.
“As technology becomes a necessity in our daily lives today, it provides vast possibilities for those who master it.
“We are excited to experience how this series of coursework with the Atlas 200 Developer kit and Huawei Cloud AI Modelarts can empower our students to be expert AI developers.”
According to Huawei, the AI industry is expected to grow rapidly in the coming years and demand for AI specialists has never been greater.
Globally, Huawei has been playing an important role in nurturing AI talents and is committed to grow these talents in the market where it has a presence.
Huawei Malaysia is harnessing its expertise to grow Ai-related roles as a catalyst to spur economic growth in the country.
Collaborative engagements with partners and learning institutions is a vital component to grow the AI industry in Malaysia.
Together with the tools and case studies available in the Huawei Ascend Developer ecosystem, the programme aims to bring immersive AI experience and knowledge to all its users.
Huawei Malaysia Cloud and AI vice-president Lim Chee Siong said:
“Huawei is committed to nurturing young digital talents to equip them with skill sets that are highly sought after, as they forge the future of Malaysia’s Industrial Revolution 4.0.
“As a leader in ICT solutions, Huawei continues to be committed to developing creative solutions to fulfil the technology gaps in the country and be a catalyst for Malaysia’s economic growth,” said Lim.
With the emphasis on developing quality AI talents, Huawei Malaysia and Jenexus Holding Sdn Bhd will be providing their expertise, resources and technical support to the coursework deliverables to ensure that they are on par with global standards.
Jenexus Holding Sdn Bhd managing director Desmond Hoo said: “As a leading company in providing business network services, business IT development, business cloud as well as business software development and business digital segment, we are thrilled to be Huawei’s chosen partner for the Atlas AI Talent Development programme, which will benefit both students and teachers.”
Leveraging on cloud expertise from Huawei Malaysia’s collaborative partner, Jenexus Holding will assist Huawei in providing cutting edge AI technology training to Chong Hwa’s teachers and teaching assistants.
This includes providing and updating of teaching aids and courseware support, such as Huawei Atlas-related literature, AI basic theories, Atlas-series product innovation, hands-on experiments as well as relevant industry case studies.
Rational voices have been calling for China-US
cooperation in AI, an area where they have overlapping interests.
Instead of viewing AI with a zero-sum mind-set, the US should embrace
healthy competition with China for the good of the world.
"For most people alive today, anywhere in the world, we have never faced a crisis of such magnitude. It is the first true test of our ability to stand together in the face of a common enemy"
An aerial view shows the newly completed Huoshenshan
Hospital. Digital tools helped coordinate its design and construction-Image: REUTERS
Taking advantage of emerging technologies, including Big Data and artificial intelligence, has enabled China to respond rapidly to the impacts of COVID-19 and to fight against its spread;
New hospitals were built in record time and millions of students were able to resume their learning online thanks to the industrial internet;
From coordinating community volunteers to offer municipal programmes online, digital platforms have helped empower citizens in the fight against the virus.
The outbreak of COVID-19 has brought huge challenges across the globe.
There are contradictions and conflicts, but also an unprecedented spirit within humanity to defeat this scourge. Beyond national borders, countries are working together to combat the coronavirus, utilizing joint prevention and control mechanisms while sharing resources and information. Have you read?
In China, people have joined together to contain the virus’ spread. Their achievements have been nothing short of heroic given the exponential rise in confirmed cases, a huge and densely-packed population and the world’s largest human migration simultaneously occurring during the Chinese New Year festivities in January and February.
The involvement of Tencent, a Chinese internet technology company, in promoting the power of digital, is testament to the rise of the industrial internet in the fight against the virus.
While the consumer internet provides services such as social networking and e-commerce to consumers who are self-isolating, its industrial counterpart, focusing primarily on business and industry, has worked to safeguard society’s normal operation, making a profound contribution which we will call the “ACE effect”. Accelerator: a new speed record
Incorporating technologies, including 5G, artificial intelligence, Big Data and cloud computing, the industrial internet is a new, pan-industry infrastructure. Connecting data, while promoting data sharing and its evolving importance, enables the coordination of the entire industry chain. This has given the Chinese manufacturing industry a dramatic boost, leading to an amazing string of new production records.
An excellent example is the newly built Huoshenshan and Leishenshan Hospitals, which offer 2,600 beds in total.
Containing the virus’ spread required additional facilities to handle the patient load and construction workers took just 10 days and 12 days respectively to build and equip both. Digital tools like BIM (Building Information Modelling), allowed the hospitals’ design institutes to utilize the industrial internet, bringing together hundreds of BIM designers nationwide. The hospitals’ design plans were produced in 24 hours and construction drawings in only 60 hours. Onsite construction was so well-organized that thousands of machines were monitored and coordinated in real-time through an industrial internet platform.
Change-maker: the cyber-world becomes the real world
The outbreak increased the digitalization of sectors including medical services, office work and education. In turn, these newly digital products have reshaped people’s perceptions and behaviours. Society has experienced an irreversible leap into digital life.
Following the outbreak, Tencent, Alibaba and vertical online healthcare platforms like DXY began offering the public remote medical services. People consulted with online doctors, conducted self-assessments and decided whether to go to a hospital for further medical checks or remain at home. These simple screening tools reduced non-essential hospital visits and caregiver workloads while mitigating the risks of cross-infection.
Remote technology has enabled hospitals to share their best resources over great distances. Thanks to China’s 5G networks, many Wuhan hospitals, have been able to connect with counterparts in Beijing, allowing experts in the capital to provide real-time consultation based on ultra-high-definition images.
China is leading the way in development of 5G technology
China is leading the way in development of 5G technology
Image: Statista
Keeping 276 million students learning online has advanced the digitalization of education. In mid-February, the government ordered more than a quarter of a billion full-time students to resume their studies through online platforms - the largest “online movement” in the history of education. Hundreds of industrial internet-based online educational platforms now provide free-of-charge, individual live streaming services or share their open class content. During the Spring Festival period, Tencent Classroom alone added nearly 1.28 million new users.
Starting with remote offices, the digitalization of business and human resource management has moved up the agendas of corporate managers. Online collaborative platforms from Tencent, Alibaba, Huawei, Byte Dance and Baidu have been refined to meet surging consumer demand. Tencent Conference added more than 100,000 Cloud Hosts in only eight days between 29 January and 6 February.
Enabler: a new co-governance model for modern society
During this period a new type of social governance has arisen; one enabled by the industrial internet. Governments now actively engage partners to improve the efficiency and quality of municipal services. Empowered by digital tools, communities and people are active stakeholders in social governance. Co-governance, involving multiple participants, is emerging as a new model for today’s increasingly complicated society.
In China, the digital provision of municipal services infiltrates government agencies in many cities. The outbreak has expedited this process and agencies have digitized further. By 8 February, there were 100-plus municipal service “mini programmes” featuring epidemic status information. On WeChat, these programmes grew their users by nearly 60% in under 3 weeks.
Importantly, the industrial internet has empowered communities and people in the war against COVID-19. Through digital platforms, volunteer teams of residents within communities assist in disinfection and deliver supplies aided by digital community management and communication tools.
US cases of COVID-19 have now surpassed those in China
US cases of COVID-19 have now surpassed those in China
Image: Statista
In addition, the advent of the “Health QR Code” lets users submit information regarding travel to major epidemic outbreak regions and details close contact with infected people and other relevant information. A three-colour scale indicates the person’s recent virus-related health history, enabling them to cooperatively comply with virus-related prevention and control policies.
Through the “ACE effect”, the industrial internet provides a fundamental infrastructure for empowering individuals and organizations. Enterprises, government and individuals have all actively engaged in the war on COVID-19 through the advantage supplied by this technology and the advantage this creates has helped China to almost stop the outbreak.
What is the World Economic Forum doing about the coronavirus outbreak?
A new strain of Coronavirus, COVID 19, is spreading around the world, causing deaths and major disruption to the global economy.
Responding to this crisis requires global cooperation among governments, international organizations and the business community,
which is at the centre of the World Economic Forum’s mission as the
International Organization for Public-Private Cooperation.
The Forum has created the COVID Action Platform,
a global platform to convene the business community for collective
action, protect people’s livelihoods and facilitate business continuity,
and mobilize support for the COVID-19 response. The platform is created
with the support of the World Health Organization and is open to all
businesses and industry groups, as well as other stakeholders, aiming to
integrate and inform joint action.
As an organization, the Forum has a track record of supporting
efforts to contain epidemics. In 2017, at our Annual Meeting, the Coalition for Epidemic Preparedness Innovations
(CEPI) was launched – bringing together experts from government,
business, health, academia and civil society to accelerate the
development of vaccines. CEPI is currently supporting the race to
develop a vaccine against this strand of the coronavirus.
The Forum has created the COVID Action Platform, a global platform to convene the business community for collective action, protect people’s livelihoods and facilitate business continuity, and mobilize support for the COVID-19 response. The platform is created with the support of the World Health Organization and is open to all businesses and industry groups, as well as other stakeholders, aiming to integrate and inform joint action.
As an organization, the Forum has a track record of supporting efforts to contain epidemics. In 2017, at our Annual Meeting, the Coalition for Epidemic Preparedness Innovations (CEPI) was launched – bringing together experts from government, business, health, academia and civil society to accelerate the development of vaccines. CEPI is currently supporting the race to develop a vaccine against this strand of the coronavirus.
These enabling capabilities will outlast the COVID-19 pandemic and make lasting contributions to the sustainable development of mankind. Tencent’s partnership with the UN, in recognition of its upcoming 75th anniversary, is a good example. The initiative will ask millions of participants worldwide how our planet should look in 2045 and what role international cooperation can play in solving our common challenges, both now and in the future.
For most people alive today, anywhere in the world, we have never faced a crisis of such magnitude. It is the first true test of our ability to stand together in the face of a common enemy.
Now is the time for neighbourliness, not hostility. Let this event serve as a wake-up call: our governments must be responsible to the people and enter into a collaborative relationship for the well-being of this and future generations. Should we lose, then we lose together; when we achieve victory it will be because we did it together.
Lau Sengyee, Senior Executive Vice President, Chairman of Group Marketing and Global Branding, Tencent
After Wuhan, capital city of Central China's Hubei Province
hit hardest by the COVID-19 pandemic in the country, lifted its city
lockdown after 76 days in isolation to contain the novel coronavirus
spread, China officially entered the next stage of combating the virus.
It is time for the US to accept the fact: China is indeed
working miracles, and will certainly do more. Realizing this reality
will benefit the US itself and China-US relations.
Huawei products should not be linked to politics: Ren
U.S. ban not to affect Huawei's high-end and 5G products: Ren
https://youtu.be/Yz6tKCEhvqA
Huawei is a commercial company, and the use of its products is a choice for consumers based on their likes and should not be linked to politics, said Ren Zhengfei, founder and president of Huawei Technologies Co. Ltd. on Tuesday.
Ren made the remarks after the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce put Huawei and its affiliates on an "Entity List," which would restrict the sale or transfer of U.S. technologies to the company. The ban has triggered opposition from markets worldwide.
Huawei maintains mass production capacities for specific key components, including chips, and the U.S. ban will not result in negative business growth, Ren told reporters.
The telecommunications giant projected slower but positive growth this year.
Huawei posted a 39 percent year-on-year revenue growth in the first quarter of the year. The growth has slowed slightly in the second quarter, but the slowing will not hurt the company, Ren said.
"Huawei had made preparations for the extreme situations even before the Chinese Lunar New Year," he said.
He noted, however, that it would not reject the U.S. supply chain, citing Huawei's announced purchase of 50 million chips from Qualcomm in 2018.
"As long as the U.S. government allows U.S. companies to export the components, Huawei will continue to buy while sticking to its own research and development," he said.
Ren said he appreciated the support of a large number of U.S. components suppliers over the years, and they are also lobbying for the easing of U.S. government-imposed restrictions.
He said Huawei is also in talks with companies like Google for potential remedy solutions, he said.
China can hardly make the US clear about all these
issues. The only option for China is to do its own things well and
accept the fact that the China-US trade war will last in the days that
follow. As China becomes stronger, it will eventually see the US willing
to reflect upon itself.
The overall output value of China's satellite navigation
and positioning services industry reached 301.6 billion yuan ($43
billion) in 2018, up 18.3 percent on a year-on-year basis, with the
country's home-developed BeiDou satellite system contributing 80 percent
to the core production value, reads an official white paper.
China sent a new satellite of the BeiDou Navigation
Satellite System (BDS) into space from the Xichang Satellite Launch
Center in Sichuan Province at 11:48 p.m. Friday.
Centre of attraction: China’s President Xi
Jinping greeting Dr Mahathir as he leaves with Russian President
Vladimir Putin after the opening ceremony of the Second Belt and Road
Forum in Beijing, China.
Dr M endorses the BRI - ‘Many countries are going to benefit from initiative’
With help from Chinese firms, Malaysia will have an AI park soon. That’s not all the good news that came from the Prime Minister’s trip to China. Businessmen are pleased that Tun Dr Mahathir Mohamad has given the thumbs up to the Belt and Road Initiative. He says countries in its route will be the beneficiaries. And that means Malaysia too. WITH all of China as his stage, Tun Dr Mahathir Mohamad gave a massive endorsement to the country’s Belt and Road Initiative (BRI), saying all will benefit from the ease of travel and communication the development strategy will bring.
The Prime Minister said that with trade driving the world, it was only natural that land and sea passages be better developed.
“The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies the passage can be improved.
“Without a doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West. I am fully in support of the Belt and Road Initiative. I am sure my country, Malaysia, will benefit from the project,” he said in his speech at the High-Level Meeting of the Second Belt and Road Forum for International Cooperation held at the China National Convention Centre here yesterday.
The forum attracted over 5,000 participants from 150 countries including leaders from around the world, such as Russian President Vladimir Putin, President Rodrigo Duterte (Philippine), President Abdel-Fattah al-Sisi (Egypt) and Prime Minister Nguyen Xuan Phuc.
The BRI, also known as the One Belt One Road (OBOR) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road, is a strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organisations in Europe, Asia, Middle East, Latin America and Africa.
Dr Mahathir said just as massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also “respond” to the increased trade between East and West. He also suggested that bigger trains be built for the purpose.
“If ships can be built bigger, why can’t trains be equally big to carry more goods and raw material and people? Have we reached the limit in terms of the size and length of trains? I think not,” he pointed out.
Dr Mahathir, who is on his second visit to China since becoming the 7th Prime Minister last May, said the world has the technology and funds to bring about such improvements.
He said freedom of passage along these routes was important and warned against bureaucratic hassles slowing down the speed of travel.
“It is essential therefore for these passages to be free and open to all,” he said, adding that the passages must be made safe as terrorism and wars would render the modern marvels and also delivering the benefits promised.
“Yes, the Belt and Road idea is a great. It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.
“As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.
Dr M in Beijing: Everyone will benefit from Belt and Road initiative
PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad has endorsed the Belt and Road initiative by China, saying everyone would benefit from the ease of travel and communication that it would bring about.
He said this in his speech at the Belt and Road Forum for International Cooperation in Beijing on Friday (April 26).
"Today, trade drives the world. It is only natural that the land and sea passages have to be better developed.
"The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies, the passage can be improved.
"Without doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West," said Dr Mahathir..
According to the Prime Minister, just as the massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also respond to the need from the increased trade between East and West.
He suggested that bigger trains be built towards this end.
"Although trains can now connect China with Eastern Europe, current trains are not designed for the increases in goods and people needing to travel along this passageway.
If ships can be built bigger, why can't trains be equally big to carry more goods and raw materials and people?
"Have we reached the limit in terms of the size and length of trains? I think not," he added.
The Prime Minister said the world had the technology and money to bring about such improvements.
He said freedom of passage along these routes, which pass through many countries via both sea and land, was important and warned against bureaucratic hassles slowing down the speed of travel.
"It is essential therefore for these passages to be free and open to all," said Dr Mahathir.
He added that the passages must be made safe as terrorism and wars would render the modern marvels that enabled the Belt and Road incapable of delivering the benefits they promised.
"Yes, the Belt and Road idea is great.
"It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.
"As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.
"Everyone will benefit from the ease of travel and communication that the development of the Belt and Road project will bring.
"I am fully in support of the Belt and Road initiative. I am sure my country, Malaysia, will benefit from the project," said Dr Mahathir.
PM’s BRI backing allays fears over KL-Beijing ties
KUALA LUMPUR: Tun Dr Mahathir Mohamad’s full endorsement of China’s Belt and Road Initiative (BRI) will allay concerns over Malaysia-China relations and lead to greater cooperation between both countries, according to China watchers here.
RHB Research Institute Sdn Bhd vice-president and head of Economic Research Peck Boon Soon said Malaysia was trying to mend its relations with China.
“It is safe to conclude that relations between our two countries are back to normal,” he said, referring to the suspension and cancellation of several China-linked projects last year.
Peck said the revival of East Coast Rail Link (ECRL) and Bandar Malaysia projects and the Prime Minister’s presence at the Second Belt and Road Forum for International Cooperation in Beijing yesterday would help restore confidence among businessmen from China.
He said it made perfect sense to have warm ties with China as the country was the largest export market for Malaysia.
ACCIM SERC Sdn Bhd executive director Lee Heng Guie said Malaysia’s expressed support of the BRI opened up mutual consultation, increased cooperation and connectivity benefits between both sides.
“With this strong endorsement, we expect the relationship to further deepen bilateral ties and enhanced economic relations based on the principles of mutual benefit,” he said.
Lee said Malaysia and its private sector could gain from the enlarged trade and investment opportunities along the passage and gateway of BRI, if the countries could adopt the freedom of passage along these routes through the easing of bureaucratic hassles.
National Chamber of Commerce and Industry of Malaysia president Tan Sri Ter Leong Yap, who attended the Belt and Road CEO conference which was the first such conference at the forum, said the conference provided huge business opportunities for many companies in the region.
“This is a timely boost for the global economy,” he said, adding that there were nearly 1,000 participants from 90 of the world’s Top 500 companies, 78 of China’s Top 500 companies, more than 100 state-owned enterprises and 200 private companies at the conference.
Businessman Datuk Liu Thim Soon, who is vice-chairman to the United Nations Maritime-Continental Silk Road Cities Alliance, said the BRI was a visionary, long range direction by Chinese President Xi Jinping. “It is an enabler and platform for many developing smaller countries to be linked to investments, trade and tourism.
“With about 140 million China tourists travelling yearly, smaller developing countries can benefit and derive great economic potential if they can tap into this market,” he said. - By Yimie Yong
Who should you believe about BRI?
https://youtu.be/uK3-dhLp2yU
Deal inked to develop M’sia’s first AI park
MALAYSIA is to develop its first artificial intelligence (AI) park.
The park will serve as a platform for the development of AI solutions such as speech recognition, robotics and smart city technology.
It is also planned to be a regional epicentre for data management, research and development and commercial ecosystem.
An agreement was signed yesterday between Malaysian company G3 Global Bhd (G3) and its Chinese partners SenseTime Group Ltd and China Harbour Engineering Co Ltd (CHEC) on the setting up of the AI park, with the total investment at US$500mil (RM2.07bil).
The location of the park has yet to be identified.
The agreement was signed between G3 executive chairman Wan Khalik Wan Muhammad, SenseTime president for Asia-Pacific Business Group Jeff Shi, and CHEC chairman Lin Yi Chong.
The ceremony was held after Tun Dr Mahathir Mohamad’s visit to SenseTime’s office here.
The Prime Minister also tried his hands on the self-driving car system at the company, which specialises in AI technology. G3 Global banks on AI
Driven by technology: SenseTime Group Ltd
founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to
SenseTime’s Beijing office.
From jeanswear maker to one of Malaysia’s rising artificial intelligence (AI) companies. That is the interesting story ofG3 Global Bhd
that is unravelling today.
While many companies can attempt to boast the AI buzzword as a business focus, it is not an easy area to venture into.
First you need super computers. Then you need the AI software or algorithms.
And then you need to use that software on vast amounts of data in order to build the AI applications for real use.
While G3 Global may have made some inroads into building its own Internet of Things (IoT) platform, it has yet to achieve anything big by itself in the AI space. That was until it signed a deal with China-based SenseTime Group Ltd, touted as the world’s most valuable AI startup.
On April 11, G3 Global told Bursa Malaysia that it will partner with SenseTime to set up Malaysia’s first AI park, in collaboration with China Harbour Engineering Company Ltd (CHEC).
The AI park is expected to see more than US$1bil (RM4.13bil) in investments over the next five years.
According to G3 Global executive chairman Wan Khalik Wan Muhammad, the AI park is vital in order to build AI research-related public service infrastructure as the base to promote AI technology in Malaysia.
“In addition, this becomes a place for talent to be trained on AI and machine learning,” he said.
On Friday, the culmination of the relationship between G3 Global and SenseTime took place, following Prime Minister Tun Dr Mahathir Mohamad’s ongoing official visit to China.
Dr Mahathir, accompanied by several Malaysian ministers, visited SenseTime’s Beijing office where they got a first-hand experience of the latest AI technologies and its application in smart city solutions, autonomous driving technology and remote sensing, among others.
During this visit, G3 Global had inked memorandums of understanding (MoU) with SenseTime and CHEC in relation to the AI park project.
G3 Global said in a statement that as the local partner, it will coordinate efforts with the Malaysian authorities and regulators, form local partnerships as well as promote and develop the AI park project.
Meanwhile, SenseTime will serve as the AI technology provider for the partnership while CHEC will provide infrastructure engineering and construction services as well as management and maintenance of the park.
Valued at over US$4.5bil (RM18.67bil), SenseTime is the fifth national AI platform in China and is also the country’s largest AI algorithm provider.
Although it is only less than five years old, the company now serves over 700 customers and partners globally, including the Massachusetts Institute of Technology, Qualcomm, NVIDIA, Honda, Alibaba, vivo and Xiaomi, among others.
Based on SenseTime’s website, the startup leads the AI market in “almost all vertical industries” such as smart city, smartphone, mobile Internet, online entertainment, automobile, finance and retail.
“SenseTime has independently developed a deep learning platform, supercomputing centers, and a range of AI technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving and remote sensing,” it says.
According to a recent Bloomberg report, SenseTime has been profitable for two years and the company has recorded triple digit revenue growth for the past four years.
The collaboration between G3 Global and SenseTime aptly serves what both companies need. By setting up an AI park in Malaysia, SenseTime will be able to expand its global presence further while G3 Global gets to go big into the booming AI scene.
Overall, the AI hub in Malaysia is a nice sounding plan. But how real will it be and how extensive will it be?
Speaking with StarBizWeek over the telephone, Wan Khalik says that the move into AI has been a natural progression of the company.
“With IoT as our core business, the only logical next move was to get into the field of AI. We had been in search for a good partner to fast-track out entry into AI, which has a high entry barrier.
“That’s how we got to do a deal with Sensetime, which took much effort on our part, considering how successful Sensetime already is,” he says.
Perfect partner
Wan Khalik: With IoT as our core business, the only logical next move was to get into the field of AI
Wan Khalik adds that SenseTime is the perfect partner, considering that they are one of the biggest AI companies in the world and have their own AI algorithm as well as products and services.
“Their products are already deployed in the commercial world,” he points out.
While acknowledging that AI is still nascent in its growth in Malaysia and still suffers from a lack of understanding and appreciation, Wan Khalik points out two important aspects that the deal with Sensetime will bring about.
“First is that the lab will become an education tool to showcase what AI is all about and the benefits it brings. Second is the fact that we intend to address the issue of developing talent in Malaysia in the AI space.”
In the press release announcing the strategic partnership between G3 and SenseTime, it was revealed that SenseTime will be assisting in the development and deployment of training syllabus for universities in Malaysia.
Wan Khalik says that SenseTime has designed and developed part of the AI syllabus that is currently being taught in schools across China.
“The good news is that the Malaysian government has expressed strong interest in AI and it wants industry to get involved in AI. But we need to invest in buidling up the talent in this field,” he adds.
The little-known G3 Global’s journey is an impressive one.
Its diversification into the information technology scene began less than four years ago after G3 Global (formerly known as Yen Global Bhd) acquired IoT solution provider Atilze Digital Sdn Bhd in December 2015.
Green Packet Bhd, image: https://cdn.thestar.com.my/Themes/img/chart.png
, a mobile broadband and networking solutions provider, emerged as a major shareholder in G3 Global after it acquired a 22% stake in August 2016.
A year later, Green Packet boosted its equity interest in G3 Global to 32%.
The G3 Global stock’s trend has been rather flattish since mid-2017. However, since the start of April this year, shares of G3 Global surged by 106% to its record-breaking high of RM1.62.
On April 25, the company hit limit-up and was issued with an unusual market activity query from Bursa Malaysia, in relation to the rapid advances in its share price.
While the reasons behind the sharp increase in G3 Global’s share price were unclear, it seems to have some correlation with G3 Global’s partnership with SenseTime.
G3 Global also saw the entry of Wan Khalik as shareholder, after he assumed control of private vehicle Global Man Capital Sdn Bhd, which currently has the largest stake in G3.
Global Man Capital increased its holdings of G3 Global to a 32.04% stake following an acquisition of 32.15 million shares in April, edging out Green Packet’s 32% stake.
On April 5, G3 Global appointed Wan Khalik as its new executive chairman.
Wan Khalik, who is also a substantial shareholder in DWL Resources Bhd, has some notable Sarawak connections, having been the principal private secretary to the Sarawak State government between 2013 until July 2018.
Wan Khalik’s background also includes experiences in corporate planning, public administration, IT strategic planning, and business development.
When asked on why did he pick DWL and G3 Global as companies to invest into, he says, “For DWL we see opportunities in project management of jobs of major infrastructure projects that the country is embarking on. That is why we have teamed up with the likes of Gadang to prepare to jointly bid for such jobs. As for G3 Global, it is even more interesting because of the future of AI. As you probably already know, AI is the world’s next great technological revolution. It is changing the way information is gathered, stored and used. We will not be able to do without it, whether as individuals, organisations, companies and governments. We believe our deal with Sensetime puts G3 Global on solid footing to bring AI to Malaysia and the Asian market.”
G3 Global recorded a net loss of RM17.15mil in the financial year of 2018 ended Dec 31, against a turnover of RM29.4mil. Both of its apparel and ICT business segments were in the red for the 12-month period.
“The ICT business continues to show growth potential despite incurring losses due to business development costs and we hope to see better contribution to sales from this division in the new financial year.
“The setting up of various new subsidiaries will drive the growth in the ICT business including the provision of IoT solutions and services like connected commercial vehicles and sensor hubs, and AI smart cameras. The group will be well positioned to take advantage of improving prospects of the ICT industry for the current financial year,” G3 Global said in a filing.
Moving forward, with the AI venture with SenseTime, the company is clearly on a new trajectory, especially considering the way AI is going to flood all our lives.
According to a recent study by Microsoft and IDC Asia Pacific, only 26% of organisations in Malaysia have embarked on their AI journeys, although about 70% of the business leaders polled agreed that AI is instrumental for their organisations’ competitiveness.
The immense untapped potential in the domestic AI market offers promising opportunities for local AI companies, including G3 Global.
With a strong backing from SenseTime, G3 Global could rise to become a leading AI solutions provider in the region.
