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Singapore to invest over $1 billion in artificial intelligence (AI) over the next five years to significantly enhance the nation’s competitiveness.

Deep Learning is a subset of machine learning that uses multi-layered neural networks, called deep neural networks, that more closely stimulate the complex decision-making power of human brains

Neural Networks are modeled after the human brain and consist of layers of interconnected nodes

LLM (Large Language Model) are AI models trained on massive amounts of text data to understand and generate human-like language

Difference between AI (Artificial Intelligence) vs Gen-AI (Generative Artificial intelligence)

Artificial Intelligence refers to machines that mimic human intelliegence to solve problems, automate tasks, and make decisions. It includes things like rcommendation engines, virtual assistants, and data analysis tools, which help streamline business oprtations and improve customer experience

Generative AI is a specialised branch of AI that creates new content - text, images, videos etc by learning patterns from data. It powers innovative tools like AI-generated marketing content and human-like sales calls, enabling businesses to scale creativity, personalise experiences and drive growth

Why does it matter?

With the diverse landscape of AI technologies available, it’s crucial to select and integrate the right form of AI for your business. This strategic choice not only maximizes your investment but also positions your business for optimal scalability and growth, giving your business the competitive edge. Here’s where EMPOWER AI comes in

Generative AI can help your business in many ways:

Save Money - Streamline and automate everything! Reduce labour cost!

24/7 Customer Support - Make money even while you’re sleeping!

Personalisation - Give customers personalised experiences

Automation - Free up your employees for more strategic tasks

Supply Chain Optimization - Predict demand and optimize inventory levels

Training & Development - Enhance and accelerate employee’s skill development

Content Creation - Produce high-quality attention-grabbing written and visual content to help your business marketing efforts

Advanced Generative AI Solutions:

Market Research - Analyse large database to identify preferences, trends, and opportunities

Financial Forecasting - AI can predict financial trends, optimise strategy and assist in budget planning

Design & Creativity - AI can assist in creating new designs, artworks, and marketing campaigns, offering fresh perspectives and innovative ideas!

ChatGPT acquired 1m users just 5 days after launching in Nov 2022

They went on to hit 100m users in <8 weeks

What Generative AI means for your business

Boosting Sales and Enhance Customer Experience

Effective Operations & Reduce Cost

Overcome Manpower Challenges

Image created by Generative AI

24/7

Works 24/7, it doesn’t rest

Automated Immediate Response

No Hiring

No Training

Consistent Output

Perfect Memory

No Emotion

Unlimited Capacity

Scalable

Capabilities of Gen - AI:

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For Singapore, the AI market has the potential to become a US$960 million market in 2022 and US$16 billion by 2030 with a Compound Annual Growth Rate of 42.2%

Source: IMDA

“We didn’t do anything wrong, but we somehow lost”

— Nokia CEO when their mobile phone division was acquired by Microsoft in 2014.

Nokia's downfall can be traced to its inability to adapt to the rapid technological changes brought on by the advent of smartphones. As competitors embraced innovation and redefined user experiences, Nokia struggled to pivot and keep pace. Today, we find ourselves at a similar crossroads with Generative AI emerging as the next transformative force in technology. Companies must learn from Nokia's missteps and actively engage with these advancements to remain relevant in a fast-evolving landscape.

Is your business going to keep up?