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 southeast asian ride-hailing firm grab


Microsoft to Invest in Southeast Asian Ride-Hailing Firm Grab

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Before Tuesday's deal, it raised $2 billion in 2018, led by Toyota Motor Corp and financial firms, including Microsoft co-founder Paul Allen's Vulcan Capital. Singapore-headquartered Grab has taken its ride-hailing business to 235 cities in eight countries in Southeast Asia in the past six years. It is looking to transform itself into a leading consumer technology group, offering services such as food and parcel deliveries, electronic money transfers, micro-loans and mobile payments, besides ride-hailing. Grab will work with Microsoft to explore mobile facial recognition, image recognition and computer vision technologies to improve the pick-up experience, the companies said in a statement on Tuesday. For example, passengers will be able to take a photo of their current location and have it translated into an actual address for the driver.

  artificial intelligence, microsoft, southeast asian ride-hailing firm grab
  AI-Alerts: 2018 > 2018-10 > AAAI AI-Alert for Oct 16, 2018 (1.00)
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  Industry: Transportation > Passenger (1.00)