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Charting the Future: D3 Labs Fortifies Its Role in Indonesia’s Financial Transformation

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D3 Labs, a pioneer in programmable assets and blockchain technology is thrilled to announce its strategic initiative aimed at solidifying and enhancing its role in Indonesia’s financial landscape. This significant step underscores D3 Labs’ commitment to solidifying its presence in Indonesia, as it continues to play a pivotal role in reshaping the country’s financial ecosystem.
As one of the first Fintech companies to enable financial institutions in Indonesia to harness the power of DLT, D3 Labs has been instrumental in revolutionizing financial processes and enhancing the country’s regional competitiveness.
D3 Labs Enhances Leadership with Key Advisor Appointments: Irawan Mulyadi and Harry Sasongko
In a significant move towards strengthening our position in Indonesia’s financial markets, D3 Labs proudly announces the strategic onboarding of two key advisors. Irawan Mulyadi, a seasoned technopreneur renowned for his expertise in strategically applying information technology, brings a wealth of experience to our team. Notably, he is the Commissioner of PT International Biometrics Indonesia, a company chosen to develop a National ID system for the government.
Additionally, we are honored to welcome Harry Sasongko, a distinguished figure in the Indonesian banking industry, to our advisory team. Harry Sasongko boasts an extensive professional history, such as Vice President at Citibank, Director at PT Lippo Bank, CEO of Indosat, and President Director at PT GE Finance Indonesia. Presently, he serves as a Director at Bank Mayapada.
Their combined expertise, especially in government technology and the Indonesian banking industry, is crucial for D3 Labs as it seeks to make headway in Indonesia’s financial markets. Chung Ying Lai, Co-CEO of D3 Labs, emphasizes the importance of their contributions, stating, “The strategic onboarding of advisors, Irawan, a government technology expert, and Harry, an Indonesian financial expert, enhances our capacity to foster positive engagement with local regulators and financial institutions, ensuring a strategic and pioneering approach to industry developments.”
D3 Labs has not only strengthened its advisory team but also forged a strategic partnership with one of the world’s leading Distributed Ledger Technology (DLT) companies. This collaboration ensures that D3 Labs’ technology and solutions are of the highest caliber, serving financial institutions with world-class innovation. Additionally, D3 Labs proudly announces the successful completion of the ISO/IEC 27001:2022 Information Security Management System certification audit, with a scope covering the development and operational services for its Application. This certification underscores D3 Labs’ unwavering dedication to information security and data protection. While ISO/IEC 27001 certification is viewed not as an endpoint but as a marker of an ongoing journey to enhance security measures, it represents a significant milestone in D3 Labs’ continuous pursuit of excellence.
Internationally, global banks have embraced close collaborations with blockchain companies, showcasing the transformative power of merging traditional finance with DLT. HSBC and Wells Fargo have successfully settled over $200 billion in transactions using blockchain, extending its application to settle foreign exchange transactions. Closer to home in Japan, MUFG and Ginco have teamed up for a joint study to explore the creation of an infrastructure for regulatory-compliant stablecoins, enhancing cross-border settlement processes. These collaborative efforts reflect a growing urgency to leverage such innovative solutions in the financial industry. Additionally, the groundbreaking initiative by JPMorgan, Onyx through JPM Coin, is reported to settle $10 billion in transactions daily, further emphasizing the industry’s increasing adoption of advanced blockchain solutions for efficient financial transactions.
D3 Labs has been deeply engaged with local financial institutions from the outset, conducting extensive Proof of Concepts (POC) and trials to ensure that our solutions are not only compatible but also address the specific needs of the local financial landscape. This proactive approach reflects our commitment to tailoring innovative solutions that resonate with the unique requirements of Indonesian financial institutions. As a testament to our dedication, we actively participated in the BCA SYNRGY accelerator program, showcasing our commitment to offering cutting-edge solutions to the Indonesian banking sector.
To sum up, Chung Ying Lai, CEO of D3 Labs, notes, “D3 Labs is proud to be at the forefront of bringing Distributed Ledger Technology (DLT) to Indonesia’s financial industry. We’ve worked hard to innovate and support local businesses in this evolving landscape. Moving forward, D3 Labs remains committed to making a positive impact, fostering innovation, and playing a meaningful role in advancing Indonesia’s financial sector.”
The post Charting the Future: D3 Labs Fortifies Its Role in Indonesia’s Financial Transformation appeared first on HIPTHER Alerts.

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Sainsbury’s aims to be an ‘AI-enabled grocer’ with Microsoft AI technology

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Sainsbury’s, a prominent UK supermarket chain, is set to leverage Microsoft’s artificial intelligence and machine learning tools to elevate its store operations and provide customers with a more engaging and convenient shopping experience.
As part of its strategic initiative, the ‘Next Level Sainsbury’s strategy’, the supermarket will integrate generative AI, powered by Microsoft Azure, to enhance its online shopping platform and optimize customers’ search experience. By harnessing AI capabilities, Sainsbury’s aims to offer a more interactive and personalized online shopping journey for its millions of customers across the UK.
In addition to enhancing the online shopping experience, Sainsbury’s plans to equip its store colleagues with real-time data and insights to streamline in-store processes such as shelf replenishment. Leveraging multiple data inputs, including shelf-edge cameras, AI technology will guide colleagues on prioritizing restocking activities, thereby improving efficiency and productivity.
Over the next five years, Sainsbury’s will deploy Microsoft Azure to implement these initiatives, integrating data assets with Microsoft 365 collaboration tools to drive innovation and operational excellence.
Clodagh Moriarty, Chief Retail and Technology Officer at Sainsbury’s, expressed confidence in the collaboration with Microsoft, emphasizing its role in accelerating the supermarket’s ambition to become the UK’s leading AI-enabled grocer. Moriarty highlighted the strategic investment in transformative capabilities, aimed at enhancing efficiency, productivity, and customer service while delivering value to shareholders.
Clare Barclay, CEO of Microsoft UK, commended Sainsbury’s visionary approach, noting its commitment to placing AI at the forefront of its business strategy. Barclay expressed enthusiasm for the collaboration, emphasizing its potential to revolutionize the retail experience for both customers and store colleagues.
The partnership between Sainsbury’s and Microsoft signifies a significant step towards ushering in the next generation of retail, powered by innovative AI-driven solutions.
Source: technologyrecord.com
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Researchers build AI-driven sarcasm detector

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Artificial intelligence has made remarkable strides, from passing bar exams to reading bedtime stories with emotion. Yet, despite these feats, it still falls short of matching the intricate nuances of human communication—particularly, the art of sarcasm.
However, researchers in the Netherlands are determined to change that narrative. They have developed an AI-driven sarcasm detector that can discern when sarcasm is being used, a feat previously thought to be exclusive to human cognition.
Matt Coler, from the University of Groningen’s speech technology lab, expresses excitement about the project’s progress. He emphasizes the importance of understanding sarcasm, a pervasive aspect of human discourse, to facilitate seamless communication between humans and machines.
Recognizing sarcasm poses challenges due to its subtlety, especially in text-based interactions where cues like tone and facial expressions are absent. To overcome this, researchers trained their AI using a combination of text, audio, and emotional content from popular sitcoms like Friends and The Big Bang Theory.
The AI, trained on annotated data from these shows, demonstrated an impressive ability to detect sarcasm in unlabelled exchanges from the sitcoms, achieving an accuracy rate of nearly 75%. Further enhancements are underway, including incorporating visual cues like eyebrow movements and smirks, to improve accuracy even more.
Beyond enhancing interactions with AI assistants, this technology holds potential for detecting negative language and identifying instances of abuse or hate speech. However, as AI becomes more adept at understanding sarcasm, questions arise about its potential to wield sarcasm itself.
Coler muses about the implications of machines responding with sarcasm, raising concerns about clarity in communication. Nonetheless, advancements in AI-driven sarcasm detection offer promising prospects for improving human-machine interactions and bridging the gap between artificial and human intelligence.
Source: theguardian.com

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AI, bias and experiments: how Women in News is tackling tech’s inbuilt stereotypes

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Issues surrounding bias in AI are deeply rooted in the accuracy, trustworthiness, and quality of data, which, if overlooked, can significantly skew outcomes. Lyndsey Jones, an AI author and transformation coach, delves into these concerns, offering valuable insights for newsrooms on monitoring and reviewing data.
Madhumita Murgia, an AI journalist and the first artificial intelligence editor of the Financial Times, sheds light on how women, migrants, precarious workers, and minority groups are disproportionately affected by the technical limitations of Generative AI. Murgia emphasizes the lack of representation of these groups in the development process of AI technologies, highlighting the need for inclusive participation.
WAN-IFRA Women In News workshops on the Age of AI in the newsroom have brought bias effects to the forefront. Through the Digital ABCs training program, media professionals are equipped with skills to navigate the digital landscape and drive organizational change.
A newly launched module focuses on AI, with over 100 participants in eastern Europe taking part, now extended to journalists in parts of Africa, the Middle East, and Southeast Asia. Instances of bias surfaced during the training, such as generating offensive avatars and misinterpretation of accents in AI tools.
Google CEO Sundar Pichai’s acknowledgment of biased AI tools reflects ongoing concerns in the industry. Timnet Gebru’s dismissal from Google for highlighting biases further underscores the need for vigilance in addressing these issues.
Diverse teams in WIN’s Age of AI program are experimenting with various tools like fact-checking and enhancing staff skill sets in AI usage. Projects under consideration for further EU funding include a video lab for content amplification and an AI avatar for journalist safety.
Media companies must ensure diverse staff collaboration when testing AI tools. Quotas for women in AI research and cross-border partnerships may be necessary for smaller media groups to compete effectively.
Journalists can take steps to improve content quality by examining storytelling practices and ensuring diversity in sources and representation. Consistency of data collection across departments and assessing biases in data sets are crucial for ethical AI usage in journalism. Ultimately, AI tools should be used to enhance journalism’s quality and integrity, rather than generating clickbait or misinformation.
Source: wan-ifra.org

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