Singapore Grants Alibaba AI Patent in Record Time - CryptoNewsZ

Over the course of the past few decades, Singapore has grown into one of Asia's most vibrant economies, and much of the credit for the stupendous growth is down to the fact that the government does not indulge in bureaucratic delay when it comes to business deals. That has seen billion of dollars in investment flowing into the country over the course of the past decades, and it will continue in the same vein as long as the same principles are maintained. In a new development, it has emerged that the Chinese e-commerce and tech giant Alibaba has been granted an Artificial Intelligence (AI) by the concerned authorities in Singapore within a record time of 3 months. As it has now become well known, Alibaba is now no longer only an e-commerce company and has expanded into a range of business, including payments and tech in a big way. The patent was granted by the Intellectual Property Office of Singapore (IPOS) under the provisions of its Accelerated Initiative for Artificial Intelligence (AI2) initiative.