AvePoint, a leading provider of data management and governance solutions globally (NASDAQ: AVPT), announced today the establishment of an AI laboratory in Singapore, with the support of the Singapore Economic Development Board (EDB). This strategic move will significantly advance innovation in the fields of artificial intelligence and machine learning, further enhancing the AI capabilities of the AvePoint Confidence platform.
The newly established AI laboratory will serve as a globally influential research and development center. Over the next three years, the lab plans to recruit more than 25 AI researchers and project experts, who will have the opportunity to engage in deep collaboration with the AvePoint headquarters team through a global rotation program. Additionally, the lab will form a collaborative network with multiple universities and AvePoint's global product teams.
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In terms of application areas, the AI laboratory's research focus will cover the two core sectors of education and fintech. In the education sector, the lab will develop an AI-based personalized learning advisor system; in fintech, the team will work on using AI technology to optimize banking processes, enhance anti-fraud capabilities, and achieve intelligent KYC (Know Your Customer) services.
Philbert Gomez, Executive Director and Head of the Digital Industry Singapore (DISG), stated: "EDB is committed to promoting AI innovations that address real industrial challenges. The establishment of AvePoint's AI lab in Singapore will not only advance cutting-edge AI research but more importantly, transform these innovations into practical solutions for the global market. This initiative aligns perfectly with our goal of making Singapore a hub for AI talent and innovation."
Wei Chen, AvePoint's Head of Research and Development, emphasized that the core objective of the AI lab is to commercialize research findings into SaaS products. "We will explore new areas of AI application, focusing on transforming these breakthroughs into practical solutions for global customers. The establishment of the Singapore lab allows us to collaborate globally, ensuring that the innovations developed here can impact industries worldwide."
As a leader in global data management and data governance, AvePoint currently serves over 21,000 global customers, with solutions spanning mainstream cloud environments such as Microsoft, Google, and Salesforce. The company also boasts a global partner network of over 3,500 managed service providers, value-added resellers, and system integrators, with products available in more than 100 cloud markets.
