AvePoint (Nasdaq: AVPT), the global leader in data management
and data governance, today announced the launch of its AI Lab,
supported by the Singapore Economic Development Board (EDB), to
advance AI-driven research and innovation in the cutting-edge
domains of artificial intelligence (AI) and machine learning. The
AI Lab is set to address global industry challenges by fostering
new research and embedding AI across the AvePoint Confidence
Platform.
The AI Lab will serve as a central hub for
high-impact research in AI, focusing on spurring industry-relevant
R&D while having a global reach. Researchers, drawn from both
local and international talent pools, will have the opportunity to
work with AvePoint’s global teams on use cases from different
countries, ensuring an international exchange of knowledge and
insights.
The lab will hire over 25 AI researchers and
program specialists in the next three years to support these
initiatives, driving AI innovation not only in Singapore but also
across the globe. It will enable local PhD-qualified researchers to
work with top foreign researchers via a global rotational program
to AvePoint’s HQ. Additionally, the lab will provide collaboration
with a network of universities, and with AvePoint’s global product
teams.
"We are excited to launch the AvePoint AI Lab,
which will be instrumental in advancing AI-driven research and
addressing industry needs,” said Wei Chen, Head of R&D,
AvePoint. “With this lab, we aim to develop impactful solutions
that benefit industries globally while enhancing our SaaS
products."
Global Focus on AI
Innovation
With its international exchange element, the
AvePoint AI Lab will develop AI-driven solutions for key sectors
including:
-
Education: AI technologies will be harnessed to
transform learning and assessments, offering personalized,
AI-driven academic advisors tailored to students’ levels of
study.
-
FinTech: AI will streamline banking processes
through advanced data aggregation and fraud detection, as well as
automating Know Your Customer (KYC) services for improved financial
product recommendations.
The AI Lab will also develop solutions that cut
across various sectors, such as enhancing collaboration and
knowledge management through AI, and creating innovative
recommendation systems for career development and lifelong
learning, applicable to a global audience.
Philbert Gomez, Executive Director & Head,
Digital Industry Singapore (DISG) said, "EDB is committed to
fostering AI innovation that addresses real-world industry
challenges. We are pleased to support AvePoint's AI Lab in
Singapore, which will not only advance cutting-edge AI research but
also translate these innovations into practical solutions for
global markets. This initiative aligns with our goal of positioning
Singapore as a hub for AI talent and innovation, creating
high-value job opportunities and driving the development of AI
applications that can enhance productivity and competitiveness
across various sectors worldwide."
Commercialization and Global Business
Impact
The AI Lab’s primary goal is to commercialize
its research into AvePoint’s SaaS products, creating new business
opportunities while enhancing existing product offerings to address
evolving global market needs.
"As we explore new areas of AI applications, our
focus remains on translating these breakthroughs into practical
applications for our customers worldwide," added Wei Chen. "This
lab enables us to collaborate on a global scale, ensuring that the
innovations we develop here in Singapore can impact industries
around the world."
About AvePoint
Securing the Future. AvePoint is the global
leader in data management and data governance, and over 21,000
customers worldwide rely on our solutions to secure the digital
workplace across Microsoft, Google, Salesforce and other cloud
environments. AvePoint's global partner program includes over 3,500
managed service providers, value-added resellers, and systems
integrators, with our solutions available in more than 100 cloud
marketplaces.
Disclosure Information
AvePoint uses
the https://ir.avepoint.com/ website as a means of
disclosing material non-public information and for complying with
its disclosure obligations under Regulation FD.
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995 and other federal securities laws including
statements regarding the future performance of and market
opportunities for AvePoint. These forward-looking statements
generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: changes in the competitive
and regulated industries in which AvePoint operates, variations in
operating performance across competitors, changes in laws and
regulations affecting AvePoint’s business and changes in AvePoint’s
ability to implement business plans, forecasts, and ability to
identify and realize additional opportunities, and the risk of
downturns in the market and the technology industry. You should
carefully consider the foregoing factors and the other risks and
uncertainties described in the “Risk Factors” section of AvePoint’s
most recent Annual Report on Form 10-K and its registration
statement on Form S-3 and related prospectus and prospectus
supplements filed with the SEC. Copies of these and other documents
filed by AvePoint from time to time are available on the SEC's
website, www.sec.gov. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and AvePoint does not
assume any obligation and does not intend to update or revise these
forward-looking statements after the date of this release, whether
as a result of new information, future events, or otherwise, except
as required by law. AvePoint does not give any assurance that it
will achieve its expectations.
Investor ContactAvePointJamie
Arestiair@avepoint.com(551) 220-5654
Media ContactAvePointNicole
Cacipr@avepoint.com(201) 201-8143
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