Latest news with #GITEXAsia2025
CNBC
05-05-2025
- Business
- CNBC
AI may 'exacerbate inequality' at work. Here's how experts think companies should address that
Workplace leaders are grappling with balancing between prioritizing people and profit making amid the rapid rise of artificial intelligence. Companies have a responsibility to protect jobs as the AI boom could drive unemployment and "potentially exacerbate inequality," CIMB Group's chief data and AI officer Pedro Uria-Recio told CNBC Make It at the GITEX Asia 2025 conference. "There is a huge wave of change, and unfortunately, some people might be left behind," he said. The U.N. Trade and Development agency warned in an April report that AI could affect 40% of jobs worldwide and widen inequality between nations. Therefore, companies should work to not only equip employees with the right skills that will enable them to handle the AI revolution more effectively, but also work to create new employment, added Uria-Recio. However, not all workplace leaders share the same perspective. "We need to establish that protecting employment might not be the right mindset," Tomasz Kurczyk, chief information technology officer at Prudential Singapore, told CNBC Make It. "The question is: 'What can we do to make sure that we adapt employment?' Because it's like trying to prevent a tsunami wave. We know protection will not necessarily be effective. So it's thinking really how we can adapt," said Kurczyk. The AI revolution follows earlier disruptions, such as the rise of the internet towards the end of the 20th century, said Uria-Recio. Artificial intelligence entered common discourse in November 2022, when OpenAI launched its generative AI chatbot ChatGPT to the public. Since then, the technology's impact has advanced considerably, and companies have ramped up efforts in transforming their workforces to advance and compete globally. Uria-Recio said: "Later... we started to [think] mobile-first. I think the mindset now has to be AI-first, but keeping humans in the loop." While AI has been touted to help employees become more effective and productive, experts agree that its unintended consequences also need to be addressed. Today, 82% of leaders say they're confident that they'll use digital labor such as advanced generative AI tools, or AI agents, to expand workforce capacity in the next 12–18 months, according to the 2025 Microsoft Trend Index. In addition, 78% of leaders may hire AI-specific roles to prepare for the future. Meanwhile, 47% of leaders say that upskilling their existing workforce is a top priority, and notably, 33% are considering headcount reductions, according to the report. Besides its impact on jobs, the application of ethics in AI has started to dominate the discourse in boardrooms. "AI is able to take data and accelerate the bias at light speed," said Kurczyk. "The data is created by humans, one way or the data inherits our bias as well," Kurczyk added. "If you think about this — the bias is not a bug. It is a feature that we don't want when it comes to AI, so the question is, how we can manage this better?" Despite the concerns about AI, experts remain optimistic about the technology's impact on society. "I believe that AI will become [free] for all, and this will open incredible opportunities for everyone across the globe," said Kurczyk. For example, AI could lead to a revival of more artisanal work, which will create new opportunities for people, Kurczyk added. "Where inequality can happen, it will be mostly in the short term when the biggest shift is happening ... [and] a single company or a single organization cannot manage this," he said. Instead, it will require educational institutions, governments and corporations to work jointly to ensure that existing inequalities will not be propagated, he added.
Associated Press
29-04-2025
- Business
- Associated Press
HKSTP Tech Companies Shine at GITEX Asia 2025 in Singapore
i2Cool won First Place at the Supernova Pitch Challenge HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) has triumphantly wrapped up its high-impact delegation to GITEX Asia 2025 (GITEX Asia) in Singapore, highlighted by park company i2Cool Limited (i2Cool) won first place at the prestigious Supernova Pitch Competition in AI Everything Abu Dhabi Award. HKSTP led a delegation of 15 innovative tech companies to exhibit at the HKSTP Pavilion, showcasing I&T achievements across three major innovation categories: AI, Telecommunications, and Green and Construction. The exhilarating three-day GITEX Asia served as an international platform on which HKSTP tech companies could shine. At the HKSTP Pavilion, 15 of HKSTP's tech companies showcased market-ready breakthroughs spanning AI, telecommunications, green technologies, and construction tech to a global audience representing more than 60 countries and regions. During the Supernova competition and Expand North Star Dubai Pitch Competition, tech companies impressed judges and audiences with their groundbreaking technologies, as they competed against many global innovators for recognition and investment opportunities and gained the experience and exposure that will help them accelerate their growth. i2Cool won first place in the Supernova Pitching Competition at Abu Dhabi Award. The company received US$5,000 as well as opportunities for international exposure, networking, and meetings with top-tier investors and partners. Representative from i2Cool mentioned, 'We are deeply honored to receive the AI Everything Global Award at GITEX Asia. This recognition highlights the innovation behind our electricity-free cooling technology. At i2Cool, we not only deliver superior cooling materials but also integrate AI-driven optical theory predictions and using AI to provide comprehensive pre-assessment and post-verification energy-saving reports. This prestigious award empowers us to further enhance our AI calculation system, particularly in the accuracy of complex climate factor analysis across different regions. We remain committed to delivering the highest level of service to our existing clients and look forward to expanding our presence in the Middle East and ASEAN markets.' Leaders from the built environment and innovation ecosystem gathered to announce the partnership for The GEAR by Kajima Startup CoLab Programme (From left): Beth Henderson, Lead, Startup Programmes of The GEAR by Kajima; Prof Winston Chow, Professor of Urban Climate at Singapore Management University and Co-Chair of Working Group II, Intergovernmental Panel on Climate Change; Albert Wong, CEO of HKSTP; Luke Wu, Managing Director of The GEAR by Kajima; Heng Teck Thai, Deputy CEO of Building and Construction Authority; Christine Wong, Assistant CEO of Cluster Group, JTC Corporation; Magdalene Loh, Deputy Executive Director of Manufacturing, Enterprise Singapore; and Patrick Lim, CEO of Action Community for Entrepreneurship. GITEX Asia also saw the official debut of The GEAR by Kajima's Startup CoLab Programme 2025. As the programme's sole overseas technology ecosystem partner, HKSTP is spearheading an international platform that connects cutting-edge tech companies with industry leaders to accelerate innovation in construction sustainability and smart building solutions. This vibrant platform enables HKSTP to spotlight Hong Kong's technological prowess, turbocharging I&T enterprises' market expansion across Southeast Asia and energising Hong Kong's thriving innovation ecosystem. As part of its strategic partnership with The GEAR by Kajima, HKSTP will nominate promising tech innovators to the Startup CoLab Programme 2025. Eight companies will be selected from global applicants to receive expert mentorship, business advisory support, networking opportunities, and access to key Southeast Asian markets. This initiative aims to fast-track their growth, enable effective scaling, and create a lasting impact on the region's smart city landscape, exemplifying HKSTP's commitment to fostering innovation and expanding tech companies' market reach in the built environment ecosystem. Panel session 'From Local to Global: How HKSTP Facilitates Market Expansion for Hong Kong Startups' moderated by Albert Wong, CEO of HKSTP (1st from Right), featured insights from panellists Vriko Yu, CEO of Archireef Limited (2nd from Right); Kiki Zhang, CFO of FJDynamics International Limited (1st from Left); and Prof. Samuel Au, Founder & CEO of Cornerstone Robotics Limited (2nd from Left). Archireef announced a new nature-based coral restoration research project in Singapore, partnering with Swire Bulk Pte Ltd, Singapore's National Parks Board, and the Reef Ecology Lab at the National University of Singapore. Albert Wong, CEO of HKSTP, remarked, 'HKSTP is dedicated to driving innovation in the built environment and shaping sustainable, resilient smart cities. Our partnership with The GEAR by Kajima creates vital pathways for Hong Kong tech companies to expand across the region and develop impactful solutions that address real-world challenges. This collaboration also attracts tech innovators from neighbouring nations to join HKSTP's comprehensive and diverse innovation and technology ecosystem – offering access to R&D expertise, talent development programmes, and market expansion support. Looking ahead, we're empowering tech companies to accelerate innovation and grow from Hong Kong's international I&T hub into Mainland China and global markets.' At GITEX Asia, HKSTP showcased its commitment to fostering innovative tech companies, spotlighting Archireef, one of the exhibiting park companies specialising in marine ecosystem restoration. Archireef announced a new nature-based coral restoration research project in Singapore, partnering with Swire Bulk Pte Ltd, Singapore's National Parks Board (NParks), and the Reef Ecology Lab at the National University of Singapore (NUS). The project utilises Archireef's 3D-printed terracotta Reef Tiles™ to restore coral reefs, enhance biodiversity, and strengthen ecosystem resilience through nature-based solutions. This initiative underscores HKSTP's dedication to supporting deep tech ventures that drives sustainable environmental impact and global expansion. HKSTP's successful participation at GITEX Asia has not only showcased Hong Kong's leading-edge innovations in AI, telecommunications, green tech, and construction technologies but also strengthened its role as a gateway for tech companies to access Southeast Asian and global markets. Appendix: List of 15 exhibiting park companies at GITEX Asia 2025 Hashtag: #HKSTP The issuer is solely responsible for the content of this announcement. About Hong Kong Science and Technology Parks Corporation Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc. Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined. Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more. Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong. More information about HKSTP is available at
Zawya
29-04-2025
- Business
- Zawya
HKSTP Tech Companies Shine at GITEX Asia 2025 in Singapore
i2Cool won First Place at the Supernova Pitch Challenge HONG KONG SAR - Media OutReach Newswire - 29 April 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) has triumphantly wrapped up its high-impact delegation to GITEX Asia 2025 (GITEX Asia) in Singapore, highlighted by park company i2Cool Limited (i2Cool) won first place at the prestigious Supernova Pitch Competition in AI Everything Abu Dhabi Award. The exhilarating three-day GITEX Asia served as an international platform on which HKSTP tech companies could shine. At the HKSTP Pavilion, 15 of HKSTP's tech companies showcased market-ready breakthroughs spanning AI, telecommunications, green technologies, and construction tech to a global audience representing more than 60 countries and regions. During the Supernova competition and Expand North Star Dubai Pitch Competition, tech companies impressed judges and audiences with their groundbreaking technologies, as they competed against many global innovators for recognition and investment opportunities and gained the experience and exposure that will help them accelerate their growth. Representative from i2Cool mentioned, "We are deeply honored to receive the AI Everything Global Award at GITEX Asia. This recognition highlights the innovation behind our electricity-free cooling technology. At i2Cool, we not only deliver superior cooling materials but also integrate AI-driven optical theory predictions and using AI to provide comprehensive pre-assessment and post-verification energy-saving reports. This prestigious award empowers us to further enhance our AI calculation system, particularly in the accuracy of complex climate factor analysis across different regions. We remain committed to delivering the highest level of service to our existing clients and look forward to expanding our presence in the Middle East and ASEAN markets." GITEX Asia also saw the official debut of The GEAR by Kajima's Startup CoLab Programme 2025. As the programme's sole overseas technology ecosystem partner, HKSTP is spearheading an international platform that connects cutting-edge tech companies with industry leaders to accelerate innovation in construction sustainability and smart building solutions. This vibrant platform enables HKSTP to spotlight Hong Kong's technological prowess, turbocharging I&T enterprises' market expansion across Southeast Asia and energising Hong Kong's thriving innovation ecosystem. As part of its strategic partnership with The GEAR by Kajima, HKSTP will nominate promising tech innovators to the Startup CoLab Programme 2025. Eight companies will be selected from global applicants to receive expert mentorship, business advisory support, networking opportunities, and access to key Southeast Asian markets. This initiative aims to fast-track their growth, enable effective scaling, and create a lasting impact on the region's smart city landscape, exemplifying HKSTP's commitment to fostering innovation and expanding tech companies' market reach in the built environment ecosystem. Albert Wong, CEO of HKSTP, remarked, "HKSTP is dedicated to driving innovation in the built environment and shaping sustainable, resilient smart cities. Our partnership with The GEAR by Kajima creates vital pathways for Hong Kong tech companies to expand across the region and develop impactful solutions that address real-world challenges. This collaboration also attracts tech innovators from neighbouring nations to join HKSTP's comprehensive and diverse innovation and technology ecosystem – offering access to R&D expertise, talent development programmes, and market expansion support. Looking ahead, we're empowering tech companies to accelerate innovation and grow from Hong Kong's international I&T hub into Mainland China and global markets." At GITEX Asia, HKSTP showcased its commitment to fostering innovative tech companies, spotlighting Archireef, one of the exhibiting park companies specialising in marine ecosystem restoration. Archireef announced a new nature-based coral restoration research project in Singapore, partnering with Swire Bulk Pte Ltd, Singapore's National Parks Board (NParks), and the Reef Ecology Lab at the National University of Singapore (NUS). The project utilises Archireef's 3D-printed terracotta Reef Tiles™ to restore coral reefs, enhance biodiversity, and strengthen ecosystem resilience through nature-based solutions. This initiative underscores HKSTP's dedication to supporting deep tech ventures that drives sustainable environmental impact and global expansion. HKSTP's successful participation at GITEX Asia has not only showcased Hong Kong's leading-edge innovations in AI, telecommunications, green tech, and construction technologies but also strengthened its role as a gateway for tech companies to access Southeast Asian and global markets. Appendix: List of 15 exhibiting park companies at GITEX Asia 2025 No. Category Company Name 1 AI HairCoSys Limited 2 Neufast Limited 3 Neuron Operations Limited 4 On-us Company Limited 5 Pantheon Lab Limited 6 Radica Systems Limited 7 TaoTaro Group Limited (Materia Logic) 8 Green and Construction Tech EC Innovation Limited 9 FJ Dynamics International Limited 10 Green Vigor Limited 11 Hong Kong Center for Construction Robotics 12 i2Cool Limited 13 Zence Object Holding (Hong Kong) Limited 14 Telecommunications Altai Technologies Limited 15 eSIX Limited Hashtag: #HKSTP The issuer is solely responsible for the content of this announcement. About Hong Kong Science and Technology Parks Corporation Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 14 unicorns, more than 15,000 research professionals and over 2,200 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc. Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined. Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more. Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues contribute in establishing I&T as a pillar of growth for Hong Kong. More information about HKSTP is available at Hong Kong Science and Technology Parks Corporation
Time of India
27-04-2025
- Business
- Time of India
Cybersecurity firm Kaspersky bets big on India as key growth market
Cybersecurity firm Kaspersky is betting on India as a strategic growth market, recognising the country's rapid digitalisation and increasing cybersecurity needs, and aims to expand local teams and strengthen collaborations across various sectors. General Manager for India region at Kaspersky Jaydeep Singh shared that the company has tripled its workforce in the country in the past two years, with new hires in sales, pre-sales, and support roles. He also highlighted the presence of global research teams based in India that monitor more than 900 advanced persistent threat (APT) groups daily. "In the last two years, we have tripled our employee base in have part of the global research teams based out of India who do the threat hunting," Singh told PTI on the sidelines of GITEX Asia 2025. GReAT (Kaspersky Global Research and Analysis Team) plays a crucial role in Kaspersky's global threat intelligence operations. Kaspersky is investing in digital footprint intelligence (DFI) analysts to bolster services, including brand monitoring and takedown operations. Kaspersky views India as a key innovation hub and plans to continue expanding its resources and research capabilities within the country. "We are expanding quite a bit both in respect to our key resources, and researchers in the Indian geography," Singh noted. The company emphasises its commitment to building local talent and is actively collaborating with government agencies and private sector entities to enhance cybersecurity awareness and infrastructure. Kaspersky is engaging with state governments and nodal agencies like CERT-In to develop cyber defence programmes and training initiatives. Singh also praised the Indian regulatory environment, highlighting the pragmatic nature of acts like the Digital Personal Data Protection Act (DPDP) and robust guidelines from agencies such as the RBI and SEBI. He anticipates further developments in AI regulation and expressed Kaspersky's willingness to collaborate and provide input to policymakers. With a growing base of internet users, the need for robust cyber technologies is rapidly increasing, especially to protect internet-facing assets, mobile handsets, and operational technology (OT) systems. Kaspersky detects over 450,000 unique malware samples daily, leveraging AI and machine learning in its research and mitigation strategies. Singh emphasised the need to create a " cyber immune world " where systems are highly resistant to breaches, particularly in both IT and OT environments. "What we are seeing in the last decade or so is that the intensity of attacks on the IT systems and the OT systems has increased tremendously. So, we expect that cyber immunity as a concept will become stronger and will become more relevant over the next decade time also. "So, Kaspersky is investing big time in India, in the last 2 years we have increased our commitment nearly three times. What we looking at is India to be a innovation hub for us. A hub for a lot of collaboration with agencies, and we see great potential over the next decades' time to be part of the India's growth story and a part of this cyber resilience story for the Indian market," Singh said. The Russian firm recorded a double-digit growth in India in 2024.
&w=3840&q=100)
Business Standard
27-04-2025
- Business
- Business Standard
Kaspersky bets big on India, focuses on strengthening resources, R&D
Cybersecurity firm Kaspersky is betting on India as a strategic growth market, recognising the country's rapid digitalisation and increasing cybersecurity needs, and aims to expand local teams and strengthen collaborations across various sectors. General Manager for India region at Kaspersky Jaydeep Singh shared that the company has tripled its workforce in the country in the past two years, with new hires in sales, pre-sales, and support roles. He also highlighted the presence of global research teams based in India that monitor more than 900 advanced persistent threat (APT) groups daily. "In the last two years, we have tripled our employee base in have part of the global research teams based out of India who do the threat hunting," Singh told PTI on the sidelines of GITEX Asia 2025. GReAT (Kaspersky Global Research and Analysis Team) plays a crucial role in Kaspersky's global threat intelligence operations. Kaspersky is investing in digital footprint intelligence (DFI) analysts to bolster services, including brand monitoring and takedown operations. Kaspersky views India as a key innovation hub and plans to continue expanding its resources and research capabilities within the country. "We are expanding quite a bit both in respect to our key resources, and researchers in the Indian geography," Singh noted. The company emphasises its commitment to building local talent and is actively collaborating with government agencies and private sector entities to enhance cybersecurity awareness and infrastructure. Kaspersky is engaging with state governments and nodal agencies like CERT-In to develop cyber defence programmes and training initiatives. Singh also praised the Indian regulatory environment, highlighting the pragmatic nature of acts like the Digital Personal Data Protection Act (DPDP) and robust guidelines from agencies such as the RBI and SEBI. He anticipates further developments in AI regulation and expressed Kaspersky's willingness to collaborate and provide input to policymakers. With a growing base of internet users, the need for robust cyber technologies is rapidly increasing, especially to protect internet-facing assets, mobile handsets, and operational technology (OT) systems. Kaspersky detects over 450,000 unique malware samples daily, leveraging AI and machine learning in its research and mitigation strategies. Singh emphasised the need to create a "cyber immune world" where systems are highly resistant to breaches, particularly in both IT and OT environments. "What we are seeing in the last decade or so is that the intensity of attacks on the IT systems and the OT systems has increased tremendously. So, we expect that cyber immunity as a concept will become stronger and will become more relevant over the next decade time also. "So, Kaspersky is investing big time in India, in the last 2 years we have increased our commitment nearly three times. What we looking at is India to be a innovation hub for us. A hub for a lot of collaboration with agencies, and we see great potential over the next decades' time to be part of the India's growth story and a part of this cyber resilience story for the Indian market," Singh said. The Russian firm recorded a double-digit growth in India in 2024.
