Grab to invest $150m in AI to build regional super app

Grab to invest $150m in AI to build regional super app

Southeast Asian ride-hailing startup Grab Holdings Inc. intends to invest $150 million into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content.

Grab, in hot competition with local rival Gojek to become Southeast Asia’s do-it-all super app, outlined for the first time a blueprint for its use and deployment of AI. It will build on the $100 million it has previously invested in the technology, said co-founder Tan Hooi Ling, and improve its fraud prevention and natural language processing (NLP) tech.

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