A recent report revealed that Chinese insurance giant, Ping An has entered into a partnership with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET.

SingularityNET Announces Partnership

This partnership was announced by SingularityNET via a recent medium post. The post states that:

“Ping An Technology and SingularityNET have reached the intention to collaborate in the field of Artificial Intelligence, possible future directions for collaboration include (but are not limited to) OCR and model training.”

“Ping An is recognized as the world’s most valuable insurance brand, and with impressive170 million customers and 459 million internet users, it ranked as the third largest global financial services company in 2018.” It continued.

According to the press release, the two entities will initially start working together on Optical Character Recognition (OCR), Computer Vision (CV) and model training. Eventually, the partnership is expected to expand beyond the blockchain industry to…

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Source: https://thebitcoinnews.com/singularitynet-partners-with-chinese-insurance-giant-ping-an-insurance/