Connect with us

Hi, what are you looking for?

News

UnionBank, GLS sign on as gov’t partners in AI research center 

REUTERS

THE Department of Trade and Industry (DTI) said it has signed a partnership agreement with UnionBank of the Philippines and Global Learning Solutions (GLS) to establish a research center for artificial intelligence (AI).

In a statement on Monday, the DTI said it signed a memorandum of understanding (MoU) with GLS and UnionBank on Sept. 9, outlining the three partners’ intent to establish and operate the Center for Artificial Intelligence Research (CAIR) and Industry 4.0 Pilot Factory (I4PF).

“With the support of private sector partners, the CAIR will serve as a hub where data scientists and researchers can perform collaborative AI research and development. Complementary to the CAIR, the I4PF will host pilot, demonstration, and learning laboratories for relevant technologies. These include robotics, intelligent manufacturing, and cyber-physical systems,” the DTI said.

“The facilities will also support the development of the digital economy and the creation of new activities in trade, agriculture, manufacturing, and services and encourage entrepreneurship through the adoption of advanced digital technologies in these sectors,” it added.

According to the MoU, the DTI will manage the collaboration, while UnionBank will provide assistance in establishing and operating the CAIR and I4PF. The bank will also house the two facilities in its UnionBank Innovation Campus in San Pedro, Laguna for free.

The GLS will serve as the training and learning partner for upskilling and reskilling activities of small and medium enterprises.

“DTI recognizes the need to embrace Industry 4.0 technologies and will continue to pursue digital transformation to enhance productivity and competitiveness, develop new industries, create more and better jobs, and attract new investments,” Trade Secretary Alfredo E. Pascual said. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...

News

Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...

News

Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...

News

REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...

News

Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.