May 20, 2020

Xiaomi set to release world’s first 5G smartphone

Mi Mix 3
2 min
Xiaomi set to release world’s first 5G smartphone
A photo of Xiaomi’s Mi Mix 3 confirms the device’s 5G capabilities, according to The Verge
Xiaomi’s upcoming flagship smartphone is due to be launched in October, getting the jump on both its competitors and 5G networks themselves.
As reported by Gigabit, Sprint and LG are themselves on track to launch 5G handsets in the US next year.
“We’ve successfully tested 5G data connections on Xiaomi phones, and we can’t wait for the official rollout of 5G next year!”, Xiaomi’s global spokesman, Donovan Sung, tweeted on 3 September.
While Mr Sung has mentioned that 5G will offer 10x the speed of 4G, The Verge noted that variable 4G speeds lessen the impact of Mr Sung’s claim.
In Q1 2018, Xiaomi overtook Apple as the fourth most successful smartphone vendor in China, and holds 9.3% of the global market as of Q2 2018, according to Statista.
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The former startup also overtook Samsung as India’s top smartphone manufacturer in January of this year, a title held by the Korean giant for six years.
Business Chief noted in January that Xiaomi, not forgetting its startup origins, had invested US$4bn in 300 Chinese startups, and has plans to invest $1bn in 100 Indian companies by 2022.
These efforts are incentivised by the potential for these firms to produce apps for Xiaomi’s handsets, enabling the Chinese company to provide software for local markets and thereby increase usage.

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Jul 18, 2021

Beyond Limits: Cognitive AI in APAC

3 min
Artificial intelligence startup Beyond Limits and global investment company Mitsui have partnered up to bring AI to the energy industry

Courtesy of current estimates, it looks like Asia-Pacific AI will be worth US$136bn by 2025. Its governments and corporations invest more money than the rest of the world in AI tech, the data of its citizens is considered fair game, and its pilots are small-scale and, as a result, ruthlessly effective. This is why, according to Jeff Olson, Cognizant’s Associate Vice President for Projects, AI and Analytics, Digital Business and Technology, the APAC region ‘is right on the edge of an AI explosion’. 


Now, startup Beyond Limits is pushing the boundaries of what AI can do, mirroring humans in its ability to find solutions with even limited information. As of this July, it’s partnered up with Mitsui, a global trading and investment company, to expand its impact in APAC. 

How Does Beyond Limits Work? 

Most AI companies claim that they can help businesses make better decisions. But many need astoundingly large stores of data to feed their information-hungry algorithms. Beyond Limits, in contrast, takes a different tack. Perfect data, after all, is largely a pipe dream kept alive by PhD students. In reality, systems must often make decisions from small, incomplete sets of intel. 


But Beyond Limits’ AI is no black box. ‘When little to no data is available, Beyond Limits symbolic technologies rely on deductive, inductive, and abductive reasoning capabilities’, explained Clare Walker, Industry Analyst at Frost & Sullivan. While making these leaps in logic, however, the system also keeps track, ensuring that humans can review the AI’s ‘thought process’. 

Why Partner With Mitsui? 

Beyond Limits is built for specific applications such as energy, utilities, and healthcare—but lacks the extensive industry network of Mitsui. Partnering allows Beyond Limits to access a portfolio of firms specialising in minerals and metals, energy, infrastructure, and chemicals. ‘We’ve been working on this deal for several years’, said Mitsui’s Deputy General Manager Hiroki Tanabe. ‘Mitsui’s global portfolio and Beyond Limits’ AI technology will...deliver impact’. 


In the first test of that dramatic statement, Liquified Natural Gas (LNG) will soon deploy Beyond Limits’ new system. If everything goes according to plan, LNG will optimise how it extracts and refines energy, making money for both itself and investors—including Mitsui. This, in fact, is Mitsui’s strategy: go digital and don’t look back. 


Why Does This Matter? 

Forty-five percent of Asia-Pacific companies surveyed in Cognizant’s thought leadership ebook consider themselves AI leaders. Positivity bias, that oh-so-common tendency of humans to position themselves as above average as compared to others, strikes again. (Most small companies fail to launch successful AI projects on their own.) And partly, this is because firms fail to integrate AI with industry expertise. 


 ‘A large part of the focus on talent for AI today has been getting the people who are strong in mathematics, AI, and technologies’, said Olson. ‘But where you make your money out of AI projects is when you apply them to your business’. In short: APAC nations looking for ways to bridge the gap might follow Beyond Limits and Mitsui’s playbook—coupling startup AI with a corporate network.


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