The blockchain project SingularityNET on Thursday announced the start of cooperation with one of the largest insurance corporations in the world, Ping An.
“Ping An Technology and SingularityNET have agreed to cooperate in the field of artificial intelligence, and are also considering the possibility of launching other joint initiatives related, in particular, with optical character recognition technology (OCR) and machine learning,” said Ping An Bai, head of the AI-direction. Meng.
As the project explains in his blog, initially his collaboration with Ping An will focus on three main areas: OCR, Cross Validation and machine learning, "where the SingularityNET environmental system can find commercial applications."
In the future, the scope of the agreement may be expanded, SingularityNET claims, pointing to insurance company initiatives such as Ping An Smart City and One Minute Clinic, which uses artificial intelligence technology.
The SingularityNET project raised $ 32.8 million through ICO at the end of 2017, and its AGI token showed positive dynamics regarding Bitcoin and Ethereum after entering the market, but lost half of its value in dollar terms.
Ping An was founded in 1988 and is included in the Hang Seng Index, calculated as the weighted average of the largest capitalized shares of 50 Hong Kong stock companies, which make up 58% of the capitalization of the Hong Kong Stock Exchange. In 2018, according to one of the versions, Ping An was recognized as the third most expensive financial services company in the world.
