AvePoint Launches AI Lab in Singapore to Drive Industry-Focused Innovation

SINGAPORE, November 6, 2024 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), ​​the worldwide chief in knowledge administration and knowledge governance, right this moment introduced the launch of its AI Lab, supported by the Singapore Financial Growth Board (EDB), to energy AI-driven analysis and innovation in cutting-edge to advertise areas of synthetic intelligence (AI) and machine studying. The AI ​​Lab goals to handle world {industry} challenges by advancing new analysis and embedding AI all over the world AvePoint trust platform.

The AI ​​Lab will function a central hub for high-impact analysis within the subject of AI, specializing in driving industry-relevant R&D whereas sustaining a world attain. Researchers, drawn from each native and worldwide expertise swimming pools, may have the chance to work with AvePoint’s world groups on use circumstances from completely different international locations, making certain a world alternate of data and insights.

The lab will rent greater than 25 AI researchers and program specialists over the following three years to assist these initiatives, driving AI innovation not solely in Singapore however all over the world. It can allow native PhD-qualified researchers to work with prime overseas researchers via a world rotation program to AvePoint headquarters. As well as, the laboratory will collaborate with a community of universities and with AvePoint’s world product groups.

“We’re excited to launch the AvePoint AI Lab, which can play an vital function in advancing AI-driven analysis and assembly the wants of the {industry},” stated Wei Chen, head of R&D at AvePoint. “With this lab, we goal to develop impactful options that profit industries worldwide whereas bettering our SaaS merchandise.”

World concentrate on AI innovation

With its worldwide alternate factor, the AvePoint AI Lab will develop AI-driven options for key industries together with:

• Training: AI applied sciences can be used to rework studying and evaluation, providing personalised, AI-powered tutorial advisors tailor-made to college students’ stage of research.
• FinTech: AI will streamline banking processes via superior knowledge aggregation and fraud detection, in addition to automating Know Your Buyer (KYC) providers for improved monetary product suggestions.

The AI ​​Lab can even develop options that span completely different sectors, equivalent to bettering collaboration and information administration via AI, and creating revolutionary advice programs for profession growth and lifelong studying, relevant to a world viewers.

Philbert Gomez, Government Director & Head, Digital Trade Singapore (DISG) stated: “EDB is dedicated to advancing AI innovation that addresses real-world {industry} challenges. We’re happy to assist AvePoint’s AI Lab in Singapore, which won’t solely advance cutting-edge AI analysis but additionally translate these improvements into sensible options for world markets. This initiative is consistent with our purpose of positioning Singapore as a hub for AI expertise and innovation, creating high-quality employment alternatives and driving the event of AI functions that may increase productiveness and competitiveness in varied industries all over the world enhance.”

Commercialization and world enterprise impression

The AI ​​Lab’s main purpose is to commercialize its analysis into AvePoint’s SaaS merchandise, creating new enterprise alternatives whereas bettering current product choices to satisfy the altering wants of the worldwide market.

“As we discover new areas of AI functions, our focus stays on translating these breakthroughs into sensible functions for our prospects all over the world,” stated Wei Chen. “This laboratory permits us to collaborate on a world scale and be sure that the improvements we develop right here in Singapore can impression industries all over the world.”

About AvePoint

Securing the long run. AvePoint is the worldwide chief in knowledge administration and governance, and greater than 21,000 prospects worldwide depend on our options to safe the digital office in Microsoft, Google, Salesforce and different cloud environments. AvePoint’s world accomplice program contains greater than 3,500 managed service suppliers, value-added resellers and programs integrators, with our options out there on greater than 100 cloud marketplaces.

Disclosure Info

AvePoint makes use of the https://ir.avepoint.com/ web site as a way to reveal materials private info and to adjust to disclosure obligations underneath Regulation FD.

Ahead-Wanting Statements

This press launch comprises sure forward-looking statements inside the which means of the “protected harbor” provisions of america Personal Securities Litigation Reform Act of 1995 and different federal securities legal guidelines, together with statements concerning the long run efficiency of and market alternatives for AvePoint. These forward-looking statements are typically recognized by the phrases “imagine,” “challenge,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” plan’, ‘might’, ‘ought to’, ‘will’, ‘would’, ‘can be’, ‘will proceed’, ‘will probably consequence’ and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which are primarily based on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many elements might trigger precise future occasions to vary materially from the forward-looking statements contained on this press launch, together with, however not restricted to: modifications within the aggressive and controlled industries during which AvePoint operates, variations within the working efficiency of rivals, modifications in legal guidelines and laws affecting AvePoint’s enterprise and modifications in AvePoint’s potential to implement enterprise plans, forecasts and skill to determine and understand further alternatives, and the chance of downturn available in the market and expertise {industry}. You must take into account the foregoing elements and the opposite dangers and uncertainties described within the “Threat Components” part of AvePoint’s most up-to-date annual report on Type 10-Okay and registration assertion on Type S-3 and associated prospectuses and prospectus dietary supplements filed with the SEC. Copies of those and different paperwork filed by AvePoint on occasion can be found on the SEC’s web site, http://www.sec.gov. These paperwork determine and deal with different vital dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these within the forward-looking statements. Ahead-looking statements communicate solely as of the date on which they’re made. Readers are cautioned to not place undue reliance on forward-looking statements, and AvePoint assumes no obligation and doesn’t intend to replace or revise these forward-looking statements after the date of this press launch, whether or not because of new info, future occasions or in any other case , besides as required by legislation. AvePoint provides no assure that it’s going to meet its expectations.

Contact individual for buyers
AvePoint
Jamie Aressia
ir@avepoint.com
(551) 220-5654

Media contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143