G3 Global Partners Chinese Firms for USD 1 Billion AI Park

April 2019

China Harbour Engineering Company Ltd (CHEC), G3 Global Bhd and China’s SenseTime Group Ltd have signed a Memorandum of Understanding (MOU) to set up the first artificial intelligence (AI) park in Malaysia, with a total investment of more than USD 1 billion over the next five years. 

G3 Global is a Malaysia-based investment company with interests in the apparel and ICT sectors, while SenseTime, which specializes in computer vision and deep learning and counts the Alibaba Group among its investors, is the world’s most valuable artificial-intelligence startup. It raised more than USD 1.2 billion during 2018 and is seeking to raise about USD 2 billion in fresh funding during 2019. SenseTime has served more than 400 well-known corporate and government clients including Honda, UnionPay, Xiaomi, OPPO, and Weibo. CHEC is an engineering contractor and a subsidiary of China Communications Construction Company (CCCC), providing Infrastructure construction services.

SenseTime will provide AI technology for the park and related initiatives and CHEC will provide Infrastructure engineering, construction, management and maintenance services.

According to G3 Global, the park will serve as a platform for the development of AI solutions in areas of computer vision, speech recognition, natural language processing and humanoid or robotics technologies. The three partners  will work closely on AI Infrastructure, R&D, data management, talent cultivation, business operations and more, in order to add impetus to Malaysia’s efforts for creating an AI ecosystem. Leveraging the AI Park project, SenseTime and G3 Global will work together to open up market opportunities in Malaysia, exploring AI technologies in the areas of smart city, public management, smartphones, automobile and so on. They will also help introduce fundamental AI education into Malaysian education curriculum. 

The MOU was signed during a visit by Malaysia’s Prime Minister Tun Dr Mahathir Mohamad’s to SenseTime’s Beijing office, in conjunction with his attendance at the 2nd Belt and Road Forum for International Cooperation. 

(Source: The Star Online; The Edge)

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