Renowned public-listed intelligent speech and artificial intelligence company, iFLYTEK enters into a Memorandum of Understanding with Enterprise Singapore’s Global Alliance for Innovation (GIA) partner XNode to enter and operate develop in South-East Asia

SINGAPORE–(COMMERCIAL THREAD) – With a market capitalization of $ 19 billion, publicly traded company iFLYTEK Co., Ltd. signed a memorandum of understanding with XNode on Tuesday October 26, 2021 at Pan Pacific Singapore during the iFLYTEK 1024 Global Developer Festival, organized by XNode Singapore and supported by the Singapore Deep-Tech Alliance. The MOU details XNode’s support to facilitate iFLYTEK’s entry and expansion into Southeast Asian markets.

According to Clara Chen, Managing Director of XNode Singapore, “Having built global businesses out of this city-state over the past seventeen years has taught me several things:

  • Because startups are launched here to be global from the start; Singaporeans instinctively adapt to changing economic developments and diverse cultures in construction companies,

  • Localizing the same product offerings, whether in China, India or Indonesia, is not only about translation, but also about context, culture, brand perception and geopolitical and market realities, and

  • Trying to conquer ASEAN alone is more difficult than trying to expand into large homogeneous economies like China or the United States ”.

“On the other hand, the Chinese tech giants have a huge domestic market and the will to position themselves on the international stage. In this regard, Singapore’s internationalization know-how could greatly benefit innovative Chinese companies and open up new frontiers with them.

IFLYTEK’s vision of enabling machines to listen and speak, understand and think, is all about creating a better world through artificial intelligence. The company creates value by lightening the load on teachers and students in schools by teaching students according to their abilities. And in the field of health, by providing better and faster responses to medical emergencies.

The simulcast festival previously called for applications for its thematic challenge, aptly titled “AI for the Smart Lifestyle Challenge”. More … than 9,000 applications and more 700 projects delivered were received for this global challenge. The final Top 3 teams are then selected to participate in the live forum, which is attended by virtually hundreds of iFLYTEK senior executives, venture capitalists, media, academics and government officials.

For the challenge, the 3 best teams are Tictag, led by Mr. Kevin Quah; Gleematics, led by Ms. Ada Lim; and Top view, headed by Mr. George Tharian. Judging that the 3 teams are Dr Pauline Tay, Executive Director, Head of Innovation Partnerships, Tech Connect SEA, UBS AG, Singapore; Mr. Luuk Eliens, founding partner of the Singapore Deep-Tech Alliance; and Ms. Clara Chen, Managing Director of XNode Singapore.

iFLYTEK showcased its proprietary real-time translation technology to event attendees in Hefei, China, during the live broadcast of the final pitch and “Smart AI Education” panel discussion.

The panel speakers for “Smart AI Education” are Dr Andreas Deppeler, Adjunct Associate Professor and Deputy Director of the Center on AI Technology for Humankind at NUS Business School, National University of Singapore; Mr. Koo Sengmeng, Senior Deputy Director for AI Innovation at AI Singapore; and Dr James Ong, Founder and CEO of Origami and Assistant Professor at Singapore University of Technology and Design. The panel was moderated by Mr. Luuk Eliens, founding partner of Singapore Deep-Tech Alliance.1

Panelists explored the topic of the current use of AI in education and its impact on educators and learners; as well as the ethics, risk and governance surrounding AI.

The esteemed speakers concluded with the idea that the future of AI is open source. And that this future is already here.

High resolution photos are available on this Google Drive: [LINK]


Annex 1 – Speaker profiles

  1. Dr Andreas Deppeler is Adjunct Associate Professor and Deputy Director of the Center on AI Technology for Humankind at NUS Business School, National University of Singapore. He teaches courses on technology, innovation, the value of data and digital strategy. His research focuses on the economic and societal implications of artificial intelligence. He got a doctorate. in Theoretical Physics from Rutgers University.
  2. Mr. Koo Sengmeng is the Senior Assistant Director for AI Innovation at AI Singapore, where he leads talent and certification programs and initiatives. He is a regular contributor to the tech ecosystem and holds official positions on the PDPC AI Governance Roundtable, IEEE AI Standards Committee, and ISO SC42. He co-founded the Association of AI Professionals in 2020 and holds advisory positions with the Singapore Computer Society, the Serious Games Association, and the Chulalongkorn University Technology Center.
  3. Dr James Ong is an entrepreneur and community builder who has incubated, invested and 3. China and ASEAN. He is the founder and CEO of Origami which provides consulting services in strategy, technology and investment to venture into the autonomous enterprise, founded the International Institute of Artificial Intelligence (AIII), a think tank advocating sustainable AI for humanity and also an assistant professor at SUTD.

ModeratorMr. Luuk Eliens, founding partner of Singapore Deep-Tech Alliance. Luuk started his first business at the age of seventeen and has been an entrepreneur ever since. To date, Luuk has founded three companies in the fields of energy monitoring, education and software quality. As a business leader and entrepreneur with a proven track record in innovation and technology across multiple industries and continents, Luuk has extensive experience in innovation, from inception to product launch, and has guided hundreds of startups and corporate clients towards growth and investment.


About iFLYTEK

Founded in 1999, iFLYTEK is a well-known intelligent speech and artificial intelligence company listed on the stock exchange in the Asia-Pacific region. Since its inception, the company has been dedicated to fundamental technological research in the fields of speech and languages, natural language understanding, machine learning, machine reasoning, adaptive learning and has maintained its position world leader in these fields. The company actively promotes the development of AI products and their industry applications, with the vision of enabling machines to listen and speak, understand and think, creating a better world through artificial intelligence. In 2008, iFLYTEK went public on the Shenzhen Stock Exchange (stock code 002230).

For more information, please visit https://www.iflytek.com/

About XNode

XNode is Enterprise Singapore’s Global Innovation Alliance (GIA) partner for China to help technology startups and SMEs in Singapore to implement, test and commercialize their solutions, or to co-innovate with partners in Shanghai and Shenzhen through a series of highly personalized programs and activities that will give them access to the Chinese market, including potential investors, partners, clients and talent resources.

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About the Singapore Deep-Tech Alliance

Singapore Deep-Tech Alliance (SDTA) is an impact-driven, deep-tech business creator that brings together entrepreneurs and technical talent to bring cutting-edge technologies from lab to market in 9 months. The Alliance’s mission is to reduce the environmental impact of companies by enabling founders to create, validate and rapidly develop Industry 4.0 startups and by supporting them with technologies, investments, a network and skills. world class. A public-private partnership between XNode, A * Star and NHIC, SDTA partners include companies such as OMRON, Micron, TÜV SÜD, Sunningdale Tech Ltd and PlanetSpark.

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1Annex 1 Speaker profiles

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