Acer Inc (宏碁) founder Stan Shih (施振榮) and Asian Institute of Management (AIM) president Jikyeong Kang (姜志卿) on Thursday jointly presided over the official opening of a corporate research laboratory at the institute in Makati, Philippines.
Shih also donated a supercomputer designed and developed for the school.
The Analytics, Computing and Complex Systems Laboratory, also known as ACCeSs@AIM, aims to assist the country in the research and development of artificial intelligence.
“This supercomputer will serve as a centerpiece for the artificial intelligence [AI] facility,” Shih said.
Shih, who has been a member of AIM’s International Board of Governors for more than 30 years, said he hoped the supercomputer would contribute to the development of AI in the country.
“In today’s digital era, data has become the new currency of businesses, but only if organizations know how to use it,” he said.
Data science turns complex pieces of information into an organization’s competitive advantage, so “we need to cultivate this skill in future business leaders,” he added.
Kang said the supercomputer would facilitate the practical application of data science and AI in the Philippines and help create a new ecology of business that allows leaders in the private sector and government agencies to make decisions based on available data.
The supercomputer, which ranks among the fastest in the ASEAN region, boasts computing speeds of up to 500 teraflops and a capacity of 500 terabytes.
AIM, which is celebrating its 50th anniversary this year, is one of the few business schools in Asia to be internationally accredited by the Association to Advance Collegiate Schools of Business, the school’s Web site said.
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play a role in SinoPac’s business map,” Chu told reporters ahead of an earnings conference. “Our priority is to ensure the success of the deals we have already made, even though we are tracking some possible targets.” Local media have reported that Mercuries Life Insurance Co (三商美邦人壽), which is seeking buyers amid financial strains, has invited three financial
HEADWINDS: Upfront investment is unavoidable in the merger, but cost savings would materialize over time, TS Financial Holding Co president Welch Lin said TS Financial Holding Co (台新新光金控) said it would take about two years before the benefits of its merger with Shin Kong Financial Holding Co (新光金控) become evident, as the group prioritizes the consolidation of its major subsidiaries. “The group’s priority is to complete the consolidation of different subsidiaries,” Welch Lin (林維俊), president of the nation’s fourth-largest financial conglomerate by assets, told reporters during its first earnings briefing since the merger took effect on July 24. The asset management units are scheduled to merge in November, followed by life insurance in January next year and securities operations in April, Lin said. Banking integration,
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known