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LHFG boasts of its profit growth of 32.8%

29. February 2024

Land and Houses Financial Business Group boasts of its profit growth of 32.8% highlights its 2024 strategy to expedite SME and retail loan

The post LHFG boasts of its profit growth of 32.8% appeared first on The Story Thailand.

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SCBX Acquires 100% of Home Credit Vietnam

28. February 2024

SCB X has signed a sale and purchase agreement to acquire 100% of the charter capital of Home Credit Vietnam Finance

The post SCBX Acquires 100% of Home Credit Vietnam appeared first on The Story Thailand.

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OPPO unveils new OPPO Air Glass 3 at MWC 2024

28. February 2024

OPPO unveiled a prototype for its new generation of assisted reality glasses, OPPO Air Glass 3, at MWC 2024.

The post OPPO unveils new OPPO Air Glass 3 at MWC 2024 appeared first on The Story Thailand.

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SCB Hosts 2024 Digital Marketing Trends event: AI strategies for SME sales growth

28. February 2024

Siam Commercial Bank (SCB) recently organized a "Digital Marketing Trends 2024" event, focusing on the integration of AI

The post SCB Hosts 2024 Digital Marketing Trends event: AI strategies for SME sales growth appeared first on The Story Thailand.

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GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.”

28. February 2024

G-Able Public Company Limited, a leading "Tech Enabler" that helps businesses embrace every aspect of the digital era

The post GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.” appeared first on The Story Thailand.

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AIS Introduces Open API with International Standards Endorsed by GSMA

28. February 2024

AIS has unveiled its Open Application Programming Interface (Open API) adhering to international standards

The post AIS Introduces Open API with International Standards Endorsed by GSMA appeared first on The Story Thailand.

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KAsset and Lombard Odier sign to elevate sustainable investments

27. February 2024

KASIKORN ASSET MANAGEMENT Co., Ltd. (KAsset) and Lombard Odier, are pleased to announce the entering of an inaugural Alliance on Sustainability

The post KAsset and Lombard Odier sign to elevate sustainable investments appeared first on The Story Thailand.

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  • LHFG boasts of its profit growth of 32.8%

    Land and Houses Financial Business Group boasts of its profit growth of 32.8% highlights its 2024 strategy to expedite SME and retail loan

    The post LHFG boasts of its profit growth of 32.8% appeared first on The Story Thailand.

    Land and Houses Financial Business Group boasts of its profit growth of 32.8% highlights its 2024 strategy to expedite SME and retail loan portfolio and prompts to drive the organization towards sustainable growth.

    Shih, Jiing-Fuh, President of LH Financial Group Public Company Limited or LHFG and CEO and President of Land and Houses Bank Public Company Limited or LH Bank said “The overall Thai economy in 2024 is projected to expand mildly by approximately 2.8%. Key drivers include growing domestic consumption based recovering tourism stimulated by various government measures as well as steadily growing personal income.

    In addition, the country’s net export will resume growth momentum as the global supply-chains inventory adjustment seem to come to an end and more FDIs will be attracted to Thailand given its pro-business government policies and very good infrastructure as global supply-chain concentration de-risking continues.

    This mild economic growth generally provides a favorable environment for commercial banks as a whole to grow. However, there exist several risk factors, including high interest rates in major economies and lingering geopolitical problems, such as the Russian-Ukrainian war, Israel-Hamas conflict and sluggish Chinese economy. These factors cast some uncertainties to the Thai economic recovery and particularly Thai equity market in the coming year”

    Land and Houses Financial Business Group had a net profit of Baht 2,096 million or 32.8 percent growth in 2023 compared to 2022 and LH Bank reported the net profit of Baht 1,693 million during the same period with 54.9 percent year over year, mainly due to an increase in net interest income as a result of continuous bank loan growth, particularly strong in retail home loans, and NIM improvement. In the meantime, LH Bank continued to control NPL at a healthy level of 2.65 percent and NPL Coverage stood at a comfortable level of over 200 percent.

    LH Bank continued to execute its strategic plan effectively in growing home loans to total loans and acquiring retail depositors through new digital channels, including LHB You and Profita applications that are user-friendly and with rich functions. The bank won The Best App for Customer Experience : Global Retail Banking Innovation Award 2023 and Best Mobile Banking – Wealth Management 2023. In addition, the bank collaborated with leading partners to provide privileged green loans to customers, and invested in green bonds, where the bank received ESG 100 Certificate and SET ESG Rating at “BBB”.

    As for 2024, the bank will continue its strategic direction and drive growth through the rapid expansion of customer base in both retail and SMEs via digital channels, business partners as well as re-designed operating model and processes with sector-focused approach. The main actions include:

    • Focus on growing the loan portfolio that generates good returns through effective management of cost of fund and expansion of the SME customer base in target industries by launching a lending & package solution program tailored-made for each sector together with lean process for faster approval and responding to the needs of customers effectively coupled with product improvement, enhancement of knowledge for staff, financial advisory and business services for SMEs to support their sustainable growth; expanding home loans and refinance loan with the target of 20 percent growth; and improving wealth products, deposit products, investment products and insurance products tailored made for every segment of customers.
    • Enhancing the level of financial services through the digital platform, improving LHB You and Profita applications to fully meet all financial and investment needs, along with upgrading security standards as to build confidence in online transactions
    • Emphasizing the sustainable banking in order to strive to be a sustainable organization, focusing on reducing greenhouse gas (GHG) emissions from the banking business itself and that of customers who received credit support from the bank (Financed Emission), green loans and transition loans, responsible lending and ESG information disclosure according to international standards.

    Monrat Phadungsit, president of Land and Houses Fund Management Company Limited or LH Fund said “In 2024, the company’s strategy focuses on boosting fund performance in Thai and international equity funds suitable for the risk appetite with the goal of diversifying the customer base. Furthermore, the company is committed to managing mutual funds to be in the top quartiles and offering fund information that is appropriate and in line with rapidly changing market conditions as well as developing integrated services for private fund clients. For provident funds, the company aims to expand its customer base and provide knowledge for members of provident fund, real estate fund and REITs.    The company targets to grow funds and investments in new assets as well as creating innovations that are environmentally friendly and expanding the REIT Trustee.

    For fund performance in 2023, the company’s fund size under management including real estate mutual funds and real estate investment trusts (REITs), was worth approximately Baht 61,112 million, an increase of 10 percent from 2022. The growth was from capital increase in REITs and was still likely to grow. Private fund had the fund size of Baht 14,245 million with 0.1 percent growth. Provident fund (PVD) had the fund size of Baht 7,047 million with 16.6 percent expansion.

    In addition, the company also proves its success with the “Outstanding Asset Management Company Awards” for 2 consecutive years from SET AWARDS 2022-2023.”

    “In the past year, the market fluctuated throughout the year with a pressure from the ongoing “Russia-Ukraine” war, Israeli-Hamas conflict and lower-than-expected Thai economy while the US interest rates continued to rise to 5.5 percent until a 3 percent gap between US and Thai interest rates, causing a large outflow from the Thai stock market. As a result, the Thai stock market underperform the global market. SET index closed at 1,415.85 points, down 15.1 percent, with selling pressure from foreign investors as the main stressor with net sales of Baht 192 billion accounting for as high as 51 percent of the total trading volume. The average daily trading value of securities in 2023 was Baht 53,331 million, 31 percent down from the previous year” said Kant Athatamsunthorn, president of Land and Houses Securities Public Company Limited or LH Securities.

    In 2023, the company enhanced its service efficiency by developing technological capabilities to allow retail investors to have thorough access to the company’s products and services through digital channels. In 2023, the company had income of Baht 541.35 million, a decrease of 12.6 percent compared to 2022, in line with the decrease in trading volume of the Stock Exchange of Thailand.

    Strategy for 2024: The company focuses on increasing the efficiency in both technology systems and investment advisory services with the aim to grow through digital platforms and increasing number of new customers as well as increasing more engagement of existing customers and new business penetration in order to respond to customer needs and provide comprehensive services.

    SCBX Acquires 100% of Home Credit Vietnam

    AIS with 6 operators across Asia collaborate to launch cross-border telco rewards program

    The post LHFG boasts of its profit growth of 32.8% appeared first on The Story Thailand.

    29 February 2024
    Business performance report 2023
    https://www.thestorythailand.com/?p=124764
  • SCBX Acquires 100% of Home Credit Vietnam

    SCB X has signed a sale and purchase agreement to acquire 100% of the charter capital of Home Credit Vietnam Finance

    The post SCBX Acquires 100% of Home Credit Vietnam appeared first on The Story Thailand.

    SCB X Public Company Limited today announced that The Siam Commercial Bank Public Company Limited has signed a sale and purchase agreement to acquire 100% of the charter capital of Home Credit Vietnam Finance Company Limited, the consumer finance business of Home Credit N.V. in Vietnam, for a consideration of approximately VND 20,973 billion (equivalent to approximately THB 31 billion). The transaction is expected to be completed by the first half of 2025, subject to approvals from the relevant competent authorities.

    Since its establishment in 2008, Home Credit Vietnam is now one of the leading players in the consumer finance sector in Vietnam, offering consumer durable loans, revolving loans, cash loans, and two-wheeler loans to the mass and upper mass market segment of Vietnamese consumers.

    Home Credit Vietnam has served a cumulative total of 15 million customers since its launch and has established a strong presence throughout Vietnam with 14,000 point-of-sales locations. In 2022, Home Credit Vietnam had net profits based on the latest audited financial statements of VND 1,320 billion (or equivalent to approximately THB 1.9 billion) and achieved a CAGR of 18.7% in total assets over the last decade, reflecting the potential and efficiency of its business operations.

    Home Credit Vietnam has robust omni-channel distribution networks, integrating both online and offline communication and distribution channels to create a seamless customer experience. The company also has a prudent risk management culture, efficient collection capabilities, and state-of-the-art digital infrastructure.

    Home Credit Vietnam has the second largest market share in Vietnam’s consumer finance market, accounting for approximately 14% of the total market as of 30 June 2023. The consumer finance market in Vietnam has a high growth potential in Southeast Asia, driven by strong macroeconomic fundamentals, economic policies that support growth, favorable demographics, and growing middle class.

    Arthid Nanthawithaya, Chief Executive Officer of SCB X Public Company Limited, said, “The acquisition of Home Credit Vietnam, marking a significant milestone in SCBX’s journey to become a leading regional financial technology group. This strategic acquisition strengthens our presence in the high-growth ASEAN market and also increases value and maximizes return to our shareholders in the long term.”

    “Vietnam, with its dynamic economy averaging 7.5% GDP growth over the past decade and a tech-savvy population, is a key strategic market for SCBX. This acquisition marks the beginning of SCBX Group’s expansion into Vietnam, a country with a population of over 100 million. With 15 million customer base, 14,000 point-of-sale locations, and an experienced management team comprising of both European and Vietnamese members. In addition, Home Credit Vietnam will serve as an important base for the SCBX Group’s presence in Vietnam and immediately contribute positive bottom line to the group after deal completion. This acquisition also diversifies the group’s income base for future strength, while maintaining superior capital adequacy ratio both at SCBX and the Bank after the completion of the transaction.”

    “Home Credit Vietnam has grown rapidly to a market leadership position since the business launched fifteen years ago,” said Radek Pluhar, CEO Home Credit Group. “I wish to congratulate my colleagues on building a successful and respected business that has served over 15 million Vietnamese customers as they look ahead to this exciting new chapter. We are passing the baton to new owners and I am confident the business has an even brighter future.”

    Home Credit Vietnam is a part of the Home Credit Group, which was established in 1997 in the Czech Republic. The Home Credit Group operates in multiple countries across Asia and Europe and is owned by the PPF Group, a leading international investment company.

    GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.”

    OPPO unveils new OPPO Air Glass 3 at MWC 2024

    KAsset and Lombard Odier sign to elevate sustainable investments

    The post SCBX Acquires 100% of Home Credit Vietnam appeared first on The Story Thailand.

    28 February 2024
    Finance/DeFi
    https://www.thestorythailand.com/?p=124684
  • OPPO unveils new OPPO Air Glass 3 at MWC 2024

    OPPO unveiled a prototype for its new generation of assisted reality glasses, OPPO Air Glass 3, at MWC 2024.

    The post OPPO unveils new OPPO Air Glass 3 at MWC 2024 appeared first on The Story Thailand.

    OPPO unveiled a prototype for its new generation of assisted reality glasses, OPPO Air Glass 3, at MWC 2024. OPPO Air Glass 3 can access OPPO’s AndesGPT model via a smartphone, providing a new burdenless AI experience. Ahead of the event, OPPO also announced the establishment of the OPPO AI Center and released the OPPO AI Smartphone White Paper, marking a new era in which Smartphones transition to AI Smartphones.

    At this year’s MWC, OPPO has collaborated with Qualcomm Technologies, Inc. and startup AlpsenTek to introduce a new AI Motion algorithm based on Hybrid Vision Sensing (HVS) technology, bringing added clarity to photography and videography of high-speed moving objects. Further to this, OPPO is showcasing a range of products with partners, including Google, Qualcomm Technologies, and MediaTek, and has announced that OPPO smartphone users will soon be able to connect their phones to Microsoft Copilot. reflecting OPPO’s commitment to exploring enhanced technological experiences in collaboration with partners across the industry.

    Bringing users closer to AI experiences with the world’s lightest binocular aR glasses Thanks to its ability to understand various data types, including text, images, video, and audio, multimodal AI technology is able to process and interpret more complex user scenarios, unlocking new potential in user interactions, such as voice and visual. While XR (extended reality) devices present new possibilities in implementing these features, they require both advanced functionality and lightweight designs if they are to truly take on the role of a personal, everyday smart assistant. Driven by this vision, OPPO has introduced the all-new OPPO Air Glass 3 prototype to explore the possibilities of AI technology based on cross-device collaboration between XR devices and smartphones.

    Weighing just 50 grams, the OPPO Air Glass 3 features a self-developed resin waveguide with a refractive index of 1.70, a display brightness uniformity of more than 50%, and a peak eye brightness of more than 1,000 nits. Together, these ensure the OPPO Air Glass 3 provides a wearing experience that is close to that of a regular pair of glasses while also providing the best full-color display of its kind. Thanks to the access to OPPO AndesGPT provided by the Air Glass APP on the smartphone, users only need to lightly press the temple of the OPPO Air Glass 3 to activate the AI voice assistant and begin performing a range of tasks.

    The OPPO Air Glass 3 also supports touch interaction, which can be used to easily control functions such as music playback, voice calls, information display, color image browsing, and more. The glasses also feature reverse sound field technology, an open acoustic design with four microphones, and other innovations that improve noise isolation to deliver high audio quality and enhanced privacy protection.

    Embracing AI with the new OPPO AI Center

    AI has long been a core area of investment and development for OPPO, and the company is now taking a number of steps to elevate AI to the core of its long-term growth strategy. On February 20, OPPO established the OPPO AI Center — a new hub designed to better focus the company’s resources towards R&D in AI and drive cutting-edge, user-centric exploration of technology and applications that aim to bring the benefits of AI to everyone.

    As part of this commitment, OPPO Reno11 Series and the OPPO Find N3 in global markets will be equipped with an array of generative AI features, including OPPO AI Eraser, within the second quarter of 2024. In the future, OPPO will integrate generative AI features into more OPPO products in the global markets, including the next generation of the Reno series, allowing more users to experience the smart, powerful, and convenient lifestyle empowered by AI.

    As of December 31, 2023, OPPO has filed over 3,160 global patents related to AI. Drawing on years of technical experience in AI, OPPO recently released the AI Smartphone White Paper, providing a comprehensive analysis and outlook on future trends and key applications in AI. The white paper points out that AI Smartphones will replace traditional smartphones to trigger a new revolution in the mobile phone industry. With the widespread adoption of AI, the entire industry will undergo various upgrades and expansions, creating a new AI Smartphone ecosystem encompassing the development of computing resources, function modules, native AI services, LLM, and AI agents.

    Building an AI ecosystem through collaborative innovation

    A mature AI ecosystem requires open collaboration throughout the industry. As part of its commitment to supporting the creation of this ecosystem, OPPO’s efforts in AI extend far beyond its own innovations to encompass a diverse portfolio of collaborations with a range of global partners.

    At this year’s MWC, OPPO is joining motion vision sensor startup, AlpsenTek, and Qualcomm Technologies to showcase the trio’s collaborative efforts to pioneer the use of Hybrid Vision Sensing technologies featuring the new AI Motion algorithm. Developed under OPPO’s lead, AI Motion can perform image deblurring and high frame rate image interpolation for use in high-speed cameras based on a combination of traditional RBG image data and event vision sensing (EVS) motion data. Using AI Motion, smartphones offer advanced solutions to address image and photo blur, enabling the capture of true 960fps slow-motion videos in 4K resolution. Leveraging EVS data for precise moving object alignment between frames enhances both dynamic range and resolution. This technological integration opens up exciting possibilities in image and video capture, elevating the potential for creative content creation.

    OPPO’s leading technologies and products garner industry recognition for AI capabilities At OPPO ODC 2023, the company released its first self-trained generative AI model, AndesGPT, featuring dialogue enhancement, personalization, and cloud-device collaboration. Drawing on the capabilities of AndesGPT, OPPO has introduced a new AI Eraser feature on the new OPPO Find X7 Series. Visitors to the Qualcomm Technologies booth at this year’s MWC will be able to experience the impressive effects created by AI Eraser and the powerful imaging performance of the OPPO Find X7 Ultra. While at the MediaTek booth, OPPO showcased the application of AI Eraser feature on the OPPO Find X7.

    OPPO Find X7 Ultra and OPPO Find N3

    Meanwhile, a series of OPPO innovative products, including the OPPO Find X7 Ultra and the Find N3 series, is also being showcased at Google’s Android Partner Walk, demonstrating the comprehensive cooperation between OPPO and Google in creating smarter user experiences over the years.

    During the event, OPPO and Microsoft announced that they will work closely together and explore AI technology to enhance user experience on different devices. Soon through Microsoft Link to Windows and a new plugin, OPPO users will be able to use Copilot to generate content, translate text messages, and search addresses on their smartphones via a connected PC.

    With the startup community also playing a critical role in the development of AI and other cutting-edge technologies, OPPO is taking the opportunity at MWC 4YFN to introduce six startup teams at the OPPO Inspiration Zone. Among the technologies to be demonstrated by the startups include contactless health monitoring technology, an intelligent diagnosis system for heart and lung auscultation, an AR game, and other applications that showcase the vast potential implementation of AI technologies.

    Under its mission of “Technology for Mankind, Kindness for the World”, OPPO will continue to invest in the development and application of AI, working closely with partners around the world to introduce more industry-leading products and services that bring enhanced mobile experiences to users while creating a more open and advanced global technology ecosystem.

    Intel launches world’s first systems foundry for the AI era.

    AIS Introduces Open API with International Standards Endorsed by GSMA

    The post OPPO unveils new OPPO Air Glass 3 at MWC 2024 appeared first on The Story Thailand.

    28 February 2024
    MWC 2024
    https://www.thestorythailand.com/?p=124672
  • SCB Hosts 2024 Digital Marketing Trends event: AI strategies for SME sales growth

    Siam Commercial Bank (SCB) recently organized a "Digital Marketing Trends 2024" event, focusing on the integration of AI

    The post SCB Hosts 2024 Digital Marketing Trends event: AI strategies for SME sales growth appeared first on The Story Thailand.

    Siam Commercial Bank (SCB) recently organized a “Digital Marketing Trends 2024” event, focusing on the integration of AI to empower SME marketing efforts and drive sales. With a turnout of 100 SME entrepreneurs, the event aimed to equip participants with essential insights to navigate the evolving business landscape. Through comprehensive discussions on AI technology and its applications in digital marketing, attendees gained valuable strategies to enhance business expansion and ensure long-term success.

    The event was a pivotal component of SCB’s Digital Bank with a Human Touch initiative, underscored by the presence of Suparit Mekaroonkamol, First Senior Vice President Director of SME Bangkok 1 Function, and Pasit Kheaovichai, Senior Vice President of SME Partnership & Supply Chain at Siam Commercial Bank, extending a warm welcome to all participants.

    Entrepreneurs in attendance gained valuable insights into the 2024 Thai economy and SME business trends from Mrs. Chayanit Somsuk, Analyst ,Industry Analysis Division at the SCB Economic Intelligence Center (SCB EIC). Additionally, they were enlightened on the effective utilization of AI technology in marketing within the digital era by a panel of distinguished experts, including Dr. Chinawut Chinaprayoon, Executive Vice President (Digital Ecosystem Promotion Unit) Digital Economy Promotion Agency (depa), Dr. Phongsak Trintawat, Head of Robinhood Academy at Purple Ventures Co., Ltd., Burin Kledmanee, Executive Vice President of Readyplanet Public Company Limited, and Nithi Satchatippavarn, CEO and Co-founder of MyCloudFulfillment.

    Furthermore, the event facilitated interactions with business partners proficient in digital marketing consultancy, catering specifically to the needs of SME entrepreneurs. Notable among these partners were Choco Card Enterprise Co., Ltd., renowned for its expertise in CRM, digital marketing, and platform creation tailored to maximize SME business benefits.

    Their services include business management, customer management, and marketing planning, leading to increased sales through precise data analysis and systematic customer behavior grouping. Feyverly Co., Ltd., specializing in digital solutions such as CRM, privileges, POS, and online marketing systems across various social media platforms, and as a channel partner with Alibaba.com, the world’s largest B2B online trading platform. And lastly, Niche-Est Solutions (Thailand) Co., Ltd. stands out for its adeptness in software and application development, enabling businesses to optimize operations and achieve greater success.

    GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.”

    AIS Introduces Open API with International Standards Endorsed by GSMA

    The post SCB Hosts 2024 Digital Marketing Trends event: AI strategies for SME sales growth appeared first on The Story Thailand.

    28 February 2024
    Photo Story
    https://www.thestorythailand.com/?p=124670
  • GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.”

    G-Able Public Company Limited, a leading "Tech Enabler" that helps businesses embrace every aspect of the digital era

    The post GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.” appeared first on The Story Thailand.

    G-Able Public Company Limited, a leading “Tech Enabler” that helps businesses embrace every aspect of the digital era, has revealed its 2024 business strategy, focusing on developing digital solutions and capabilities while enhancing businesses’ readiness to address various challenges on the path to becoming AI-ready organizations.

    GABLE plans to expand its Business Application segment through global HCM partnerships, offering full-suite digital solutions across five portfolios to meet business needs. This expansion aligns with the core strategy of “Sustain = Smart + Secure,” enabling clients’ businesses to navigate the AI-First era towards sustainable success.

    Dr. Chaiyuth Chunnahacha, CEO of G-Able Public Company Limited, stated, “As a SET-listed digital tech giant equipped with technologies and capital, our main aim is to tap into our modern and smart technologies and digital solutions to serve future business needs, secure organizational data, increase profitability, and ensure sustainable growth of our clients in the AI-First era, in alignment with the strategy of ‘Sustain = Smart + Secure.'”

    In 2023, GABLE achieved huge success in its initial public offering and SET-listing as G-Able Public Company Limited. This has enhanced its readiness in terms of its capital for investment in its capacity and capabilities in line with its plan to drive strong and sustainable growth.

    GABLE’s own software platform has served as a key growth engine propelling the Group’s solid business expansion across many segments. The five affiliated companies have been key in generating the Group’s income, using its Value-Added Distribution to further its growth. The Group’s recurring income exceeded one half of the total income, and its backlog portion climbed up to an unprecedented level of over Baht 4.5 billion.

    With its extensive experience of over 35 years in helping businesses gain a competitive edge through technologies, GABLE has seen opportunities to steer its growth by capitalizing on the AI trend that plays an increasingly important role in organizations. All businesses need to develop their systems to become AI-ready organizations. In doing so, Cloud-based IT infrastructures, data analytics systems through big data platforms, and 24-hour cybersecurity systems should be established to ensure that front-office and back-office systems are ready to work synchronously with AI in the future.

    Apart from the AI trend that is bringing more growth opportunities for GABLE, building ‘Smart Organizations’ through business applications such as human capital management software is another key growth driver because one crucial asset of an organization is “human.”

    According to Gartner, the HCM market is expected to see an average growth rate over the next three years at 18%. As organizations need to improve their competitiveness through building up a pool of talents, software platforms can help them do so through the use of big data and AI in talent analytics, skill management, and productivity and efficiency enhancement of employees across sections.

    GABLE’s 2024 strategy is originated from the adoption of the concept of “Smart + Secure” to ensure clients’ business sustainability. This consists of the following 3 main guidelines:

    1. To integrate GABLE’s Enterprise Solutions and Services core business comprising 5 portfolios, namely Data Analytics, Cloud, Cybersecurity, Application Development, and Managed Tech Services, with its IP platforms to support the preparation of AI-ready data and AI-ready security, as higher demands for AI and cybersecurity will boost GABLE’s growth.
    2. To expand the Group’s capabilities through potential business applications in HCM and ERP through partnering with global entities with expertise across various fields and selecting other interesting smart business applications to provide continued support for its clients.
    3. To focus on investment in businesses that are aligned with GABLE’s business concept to secure more opportunities and satisfying rates of return; and to gain competitive edge by using its funds from its IPO worth around Baht 600 million to propel business growth under the investment framework covering three main areas: Right Product, Right Technology; Win-Win business Synergy; and Right Price,
      Right Value.

    Raveeratana Satchavarodom, Chief Finance & Strategy Officer of G-Able Public Company Limited stated that in 2023, GABLE’s operating income reached Baht 5,338 million, 13% up from 2022. Despite external factors and fluctuations at macro and industrial levels leading to stronger competition, GABLE was able to navigate these challenges, achieving steadfast expansion and double-digit growth rates in income across all segments, including Enterprise Solution, Valued Added Distribution, and Software Platform, from its clients.

    Moreover, after its IPO, GABLE was able to generate a gross profit of Baht 1,099 million in 2023, growing 10% year-on-year, or a gross profit margin of 21%, about the same level as last year.

    GABLE’s net profit for 2023 stayed at Baht 253 million, and the backlog portion reached an all-time high at Baht 4,544 million, up 16% from Q3 of 2023, ready to support future income recognition. The backlog level is set to support future income generation in 2024 of over Baht 2,753 million, accounting for nearly one-half of the target income in 2024. Furthermore, the Company’s opportunities to further grow its business come from the accelerated demand for the creation of AI-ready organizations, the need to set up data analytics and cybersecurity, its partnerships in developing business applications, and inorganic investment through M&As.

    By adopting the strategy of “Sustain = Smart + Secure,” in 2024 GABLE will continue to operate its business based on the 3 guidelines, namely Smart Finance, Secure Finance, and Sustain Finance. Smart Finance is to create more financial returns from organic investment and inorganic investment. Secure Finance is to maintain financial discipline through secure operations and secure investment, focusing on sustainable investment within the so-called Investment Framework to ensure secure and sustainable business growth in the long term. And Sustain Finance is to establish sustainable financial growth, including mitigating risks to be within acceptable levels.

    The above strategy will lead to GABLE’s growing backlog and its move towards reaching another all-time high this year at around Baht 4.5-5.5 billion. GABLE will expectedly continue to maintain its gross profit margin at 20-22% with its recurring income of more than 50% of the total income, to support risk management for investors. With its sound financial discipline and available capital of more than Baht 600 million from the IPO along with its capacity and capabilities, GABLE is ready to grow further in line with the upcoming trend in 2024.

    Intel launches world’s first systems foundry for the AI era.

    Epson launches solution center with comprehensive sustainability technology

    The post GABLE ready to propel businesses toward the AI FIRST with the strategy of “Sustain = Smart + Secure.” appeared first on The Story Thailand.

    28 February 2024
    Technology
    https://www.thestorythailand.com/?p=124668
  • AIS Introduces Open API with International Standards Endorsed by GSMA

    AIS has unveiled its Open Application Programming Interface (Open API) adhering to international standards

    The post AIS Introduces Open API with International Standards Endorsed by GSMA appeared first on The Story Thailand.

    AIS has unveiled its Open Application Programming Interface (Open API) adhering to international standards, designed according to the CAMARA Open API standards, and certified by GSMA. This move aims to simplify accessing and utilizing telecommunications services and various capabilities from network service providers, empowering app developers, solution providers, and businesses to innovate and seize opportunities more rapidly.

    The AIS Open API comprises 11 sets of APIs that can enhance the capabilities of applications, including APIs for user authentication validation, such as Silent Network Authentication APIs for verifying users’ phone numbers (Number Verify) and checking users’ SIM card swaps (SIM Swap) using trusted information from network service providers’ system. These APIs aid in verifying users’ identities for various applications and preventing cyber fraud, which is increasingly prevalent. These APIs have been fully developed and tested, already deployed in commercial digital applications, and are ready to serve business customers and organizations.

    Phupa Akavipat, Acting Chief Enterprise Business Officer, AIS, stated, “AIS recognizes the importance and benefits of enabling developers to access services and capabilities of telecommunications service providers, which will support and expedite the development of secure application and digital service with seamless user experience.

    Prioritizing the security of digital service users will positively impact the overall economy. Standardizing APIs is crucial, and collaborating with GSMA and designing according to CAMARA Open API standards will help application developers enhance and deploy services more quickly across operator networks, enabling them to work more efficiently, reducing development complexity for developers working with service providers, and fostering digital application innovation for the future.”

    Henry Calvert, Head of Networks, GSMA, added, “GSMA welcomes and supports AIS in developing Open APIs to create great new digital services for mobile customers. We believe this platform will play a key role in supporting organizational developers, especially in Thailand and Southeast Asia, in accessing diverse capabilities and innovations of telecommunications networks. Through the GSMA Open Gateway initiative and interoperable APIs the mobile industry can help developers rapidly develop new services and applications, enhancing security and efficiency, for online customers.”

    In this initiative, AIS will accelerate market development through API usage collaboration with app developers and solution providers, fostering partnerships to work together, supporting necessary technical aspects and fostering ideas to create innovation. Exploring ways to utilize these APIs with various digital products and creating new Use Cases represents a new opportunity for partners from businesses, app developers, and solution providers to collaborate to accelerate development for mutual business, economic, and societal benefits.

    This time, AIS has introduced one of partner customers already working together on AIS Open API, IPification, a solution provider that verifies identities using IP Address technology and phone numbers to prevent digital system fraud on a global scale. With a customer base including both financial industry and OTT giants like Alibaba and others, totaling more than 3.5 billion users worldwide, this service will elevate mobile transaction security, allowing user identity verification through the Number Verify API without traditional OTP, offering convenient, secure, and near-instantaneous verification, enhancing customer experiences, increasing sales opportunities, or digital transactions for businesses significantly.

    “AIS Open API – For those interested in AIS Open API services, you can contact the AIS Business team immediately. In addition to the mentioned services, there are also services tailored for businesses of all sizes. Interested parties can find more information at https://ais.th/business/enterprise/technology-and-solution/communication/ais-open-api ” added Phupa

    KAsset and Lombard Odier sign to elevate sustainable investments

    KBTG opens a new chapter with ‘Human-first x AI-first Transformation’

    The post AIS Introduces Open API with International Standards Endorsed by GSMA appeared first on The Story Thailand.

    28 February 2024
    Technology
    https://www.thestorythailand.com/?p=124663
  • KAsset and Lombard Odier sign to elevate sustainable investments

    KASIKORN ASSET MANAGEMENT Co., Ltd. (KAsset) and Lombard Odier, are pleased to announce the entering of an inaugural Alliance on Sustainability

    The post KAsset and Lombard Odier sign to elevate sustainable investments appeared first on The Story Thailand.

    KASIKORN ASSET MANAGEMENT Co., Ltd. (KAsset) and Lombard Odier, are pleased to announce the entering of an inaugural Alliance on Sustainability between KAsset and Lombard Odier. Lombard Odier will act as a consulting partner, to assist in strategy formulation and the development of sustainable investment offerings and services to the Thai client market, in conformity with international standards. Built upon the framework of knowledge sharing, this sustainability alliance aims to strengthen KAsset’s position as a leader in sustainability in Thailand.

    The alliance raises the bar of the Thai mutual fund industry to a world-class level, accelerating the transition to a more sustainable economy while seeking to deliver strong returns to investors. This sustainability alliance is an expansion of an existing Strategic Alliance relationship between Lombard Odier and KBank Private Banking.

    As a first building block of this collaboration, KAsset launched its new Target Net Zero (“TNZ”) equity strategy on the SET 100 Index in December last year, that leverages on Lombard Odier’s expertise to build climate-aligned portfolios. The TNZ strategy is a prelude to an upcoming range of sustainability strategies and initiatives, including a signature forum on sustainability for the clients of KBank.

    Kattiya Indaravijaya, Chief Executive Officer, KASIKORNBANK, said, “Financial institutions play a pivotal role as an upstream player in the economic system. KBank is committed to conducting our business in accordance with the principles of a Bank of Sustainability in order to deliver sustainable value to all stakeholders. We have continuously taken concrete actions to promote environmental, social and governance (ESG) initiatives with the aim of creating positive impacts on a wide scale.

    Moreover, KBank is committed to achieving the net zero goal. We are therefore pleased to see this collaborative effort on sustainable investment between KAsset and Lombard Odier. Both companies, which have long been in partnership, have attached importance to sustainability. This synergy will help uplift investment products to the next level, thus delivering long-term growth of returns to investors with the shared goal of creating a sustainable world”.

    Adisorn Sermchaiwong, Executive Chairman, KAsset, said, “Thus, the strategic collaboration with Lombard Odier, one of the world’s leading global wealth and asset manager firm with expertise in sustainable investment, will enhance KAsset’s capabilities in sustainability to manage assets under management across all asset classes as well as develop and expand ESG focused-strategies. This endeavor reinforces KAsset’s position as a leading asset manager in sustainable and responsible investment in Thailand, contributing to the sustainable growth of the mutual fund industry to be on par with developed countries worldwide”.

    Hubert Keller, Senior Managing Partner, Lombard Odier, said, “We are looking at the transition to net zero as a profound economic transformation – one that is unfolding at a speed and scale that we think much of the market is still underestimating. At Lombard Odier, we believe system changes resulting from the transition will result in changes in business models, in value chains and in the organization of our economy, and provide unprecedented investment opportunities to investors.

    Our ability to reach net zero remains the single most important component of the sustainability transition across all companies and industries and requires a thorough rethink of how we deploy our capital. Our role as an investment firm is to help our clients navigate risks resulting from the transition, as well as helping them identify the many new opportunities that are emerging at the same time.”

    Vincent Magnenat, Limited Partner, Asia Regional Head and Global Head of Strategic Alliances at Lombard Odier, said, “The new Alliance on Sustainability with KAsset is a strong testament and a continuing chapter to our Strategic Alliance relationship with KBank. As a high-end investment house, we lean on our global expertise and over 227 years of experience, to create long-lasting value for our clients and their families. With sustainability being a major driver of investment returns, we are adapting client portfolios to the environmental transition. “

    “We started this journey with KBank with the launch of the planetary transition strategy in 2020. Through this Alliance, we are eager to support KAsset on enhancing their sustainability capabilities and the joint development of innovative solutions such as the Target Net Zero strategy on the Thai equity index launched in December 2023. We look forward to identifying new sources of investment opportunities as the economy transforms, with the aim to deliver returns for investors in Thailand.”

    BYD on brand value uptick while Tesla on downturn

    Intel launches world’s first systems foundry for the AI era.

    The post KAsset and Lombard Odier sign to elevate sustainable investments appeared first on The Story Thailand.

    27 February 2024
    Business
    https://www.thestorythailand.com/?p=124511
  • Intel launches world’s first systems foundry for the AI era.

    Intel Corp. launched Intel Foundry as a more sustainable systems foundry business designed for the AI era

    The post Intel launches world’s first systems foundry for the AI era. appeared first on The Story Thailand.

    Intel Corp. launched Intel Foundry as a more sustainable systems foundry business designed for the AI era and announced an expanded process roadmap designed to establish leadership into the latter part of this decade. The company also highlighted customer momentum and support from ecosystem partners – including Synopsys, Cadence, Siemens and Ansys – who outlined their readiness to accelerate Intel Foundry customers’ chip designs with tools, design flows and IP portfolios validated for Intel’s advanced packaging and Intel 18A process technologies.

    The announcements were made at Intel’s first foundry event, Intel Foundry Direct Connect, where the company gathered customers, ecosystem companies and leaders from across the industry. Among the participants and speakers were U.S. Secretary of Commerce Gina Raimondo, Arm CEO Rene Haas, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and others.

    “AI is profoundly transforming the world and how we think about technology and the silicon that powers it,” said Intel CEO Pat Gelsinger. “This is creating an unprecedented opportunity for the world’s most innovative chip designers and for Intel Foundry, the world’s first systems foundry for the AI era. Together, we can create new markets and revolutionize how the world uses technology to improve people’s lives.”

    Process Roadmap Expands Beyond 5N4Y

    Intel’s extended process technology roadmap adds Intel 14A to the company’s leading-edge node plan, in addition to several specialized node evolutions. Intel also affirmed that its ambitious five-nodes-in-four-years (5N4Y) process roadmap remains on track and will deliver the industry’s first backside power solution. Company leaders expect Intel will regain process leadership with Intel 18A in 2025.

    The new roadmap includes evolutions for Intel 3, Intel 18A and Intel 14A process technologies. It includes Intel 3-T, which is optimized with through-silicon vias for 3D advanced packaging designs and will soon reach manufacturing readiness. Also highlighted are mature process nodes, including new 12 nanometer nodes expected through the joint development with UMC announced last month. These evolutions are designed to enable customers to develop and deliver products tailored to their specific needs. Intel Foundry plans a new node every two years and node evolutions along the way, giving customers a path to continuously evolve their offerings on Intel’s leading process technology.

    Intel also announced the addition of Intel Foundry FCBGA 2D+ to its comprehensive suite of ASAT offerings, which already include FCBGA 2D, EMIB, Foveros and Foveros Direct.

    Microsoft Design on Intel 18A Headlines Customer Momentum

    Customers are supporting Intel’s long-term systems foundry approach. During Pat Gelsinger’s keynote, Microsoft Chairman and CEO Satya Nadella stated that Microsoft has chosen a chip design it plans to produce on the Intel 18A process.

    “We are in the midst of a very exciting platform shift that will fundamentally transform productivity for every individual organization and the entire industry,” Nadella said. “To achieve this vision, we need a reliable supply of the most advanced, high-performance and high-quality semiconductors. That’s why we are so excited to work with Intel Foundry, and why we have chosen a chip design that we plan to produce on Intel 18A process.”

    Intel Foundry has design wins across foundry process generations, including Intel 18A, Intel 16 and Intel 3, along with significant customer volume on Intel Foundry ASAT capabilities, including advanced packaging.

    In total, across wafer and advanced packaging, Intel Foundry’s expected lifetime deal value is greater than $15 billion.

    IP and EDA Vendors Declare Readiness for Intel Process and Packaging Designs

    Intellectual property and electronic design automation (EDA) partners Synopsys, Cadence, Siemens, Ansys, Lorentz and Keysight disclosed tool qualification and IP readiness to enable foundry customers to accelerate advanced chip designs on Intel 18A, which offers the foundry industry’s first backside power solution. These companies also affirmed EDA and IP enablement across Intel node families.

    At the same time, several vendors announced plans to collaborate on assembly technology and design flows for Intel’s embedded multi-die interconnect bridge (EMIB) 2.5D packaging technology. These EDA solutions will ensure faster development and delivery of advanced packaging solutions for foundry customers.

    Intel also unveiled an “Emerging Business Initiative” that showcases a collaboration with Arm to provide cutting-edge foundry services for Arm-based system-on-chips (SoCs). This initiative presents an important opportunity for Arm and Intel to support startups in developing Arm-based technology and offering essential IP, manufacturing support and financial assistance to foster innovation and growth.

    Systems Approach Differentiates Intel Foundry in the AI Era

    Intel’s systems foundry approach offers full-stack optimization from the factory network to software. Intel and its ecosystem empower customers to innovate across the entire system through continuous technology improvements, reference designs and new standards.

    Stuart Pann, senior vice president of Intel Foundry at Intel said, “We are offering a world-class foundry, delivered from a resilient, more sustainable and secure source of supply, and complemented by unparalleled systems of chips capabilities. Bringing these strengths together gives customers everything they need to engineer and deliver solutions for the most demanding applications.”

    Global, Resilient, More Sustainable and Trusted Systems Foundry

    Resilient supply chains must also be increasingly sustainable, and today Intel shared its goal of becoming the industry’s most sustainable foundry. In 2023, preliminary estimates show that Intel used 99% renewable electricity in its factories worldwide. Today, the company redoubled its commitment to achieving 100% renewable electricity worldwide, net-positive water and zero waste to landfills by 2030. Intel also reinforced its commitment to net-zero Scope 1 and Scope 2 GHG emissions by 2040 and net-zero upstream Scope 3 emissions by 2050.

    Forward-Looking Statements

    This release contains forward-looking statements, including with respect to Intel’s:

    • business plans and strategy;
    • current and future technologies, including future process nodes and transistor, manufacturing, and packaging technologies;
    • process and product roadmaps and schedules (including expected goals, timelines, ramps, progress, availability, and production);
    • future product architectures;
    • expectations regarding process performance, PPA gains, and other performance metrics;
    • expectations regarding product and process leadership;
    • plans and goals with respect to our foundry business, including with respect to anticipated customers, expected lifetime deal value, future manufacturing capacity, service, technology and IP offerings, third-party collaborations, ecosystem support and resilience;
    • AI strategy and capabilities;
    • future social and environmental performance goals, measures, strategies, and results;
    • anticipated growth, future market share, and trends in our businesses and operations;
    • projected growth and trends in markets relevant to our businesses; and
    • other characterizations of future events or circumstances.

    Such statements involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied, including those associated with:

    • the high level of competition and rapid technological change in our industry;
    • the significant long-term and inherently risky investments we are making in R&D and manufacturing facilities that may not realize a favorable return;
    • the complexities and uncertainties in developing and implementing new semiconductor products and manufacturing process technologies;
    • our ability to time and scale our capital investments appropriately and successfully secure favorable alternative financing arrangements and government grants;
    • implementing new business strategies and investing in new businesses and technologies;
    • changes in demand for our products;
    • macroeconomic conditions and geopolitical tensions and conflicts, including geopolitical and trade tensions between the U.S. and China, the impacts of Russia’s war on Ukraine, tensions and conflict affecting Israel, and rising tensions between mainland China and Taiwan;
    • the evolving market for products with AI capabilities;
    • our complex global supply chain, including from disruptions, delays, trade tensions and conflicts, or shortages;
    • product defects, errata, and other product issues, particularly as we develop next-generation products and implement next-generation manufacturing process technologies;
    • potential security vulnerabilities in our products; increasing and evolving cybersecurity threats and privacy risks;
    • IP risks including related litigation and regulatory proceedings;
    • the need to attract, retain, and motivate key talent;
    • strategic transactions and investments;
    • sales-related risks, including customer concentration and the use of distributors and other third parties;
    • our significantly reduced return of capital in recent years;
    • our debt obligations and our ability to access sources of capital;
    • complex and evolving laws and regulations across many jurisdictions;
    • fluctuations in currency exchange rates;
    • changes in our effective tax rate;
    • catastrophic events;
    • environmental, health, safety, and product regulations;
    • our initiatives and new legal requirements with respect to corporate responsibility matters; and
    • other risks and uncertainties described in this release, our most recent Annual Report on Form 10-K and our other filings with the U.S. Securities and Exchange Commission (SEC).

    All information in this press release reflects Intel management views as of the date hereof unless an earlier date is specified. Intel does not undertake, and expressly disclaims any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.

    Water pumps may help with Thailand’s carbon-neutrality goal

    KBTG opens a new chapter with ‘Human-first x AI-first Transformation’

    Worldwide shipments of AI PCs and GenAI smartphones to total 295 million units in 2024

    The post Intel launches world’s first systems foundry for the AI era. appeared first on The Story Thailand.

    27 February 2024
    AI
    https://www.thestorythailand.com/?p=124447
  • BYD on brand value uptick while Tesla on downturn

    BYD retained its title as China’s most valuable automobiles brand, with its brand value increasing by 20% to USD12.1 billion

    The post BYD on brand value uptick while Tesla on downturn appeared first on The Story Thailand.

    BYD retained its title as China’s most valuable automobiles brand, with its brand value increasing by 20% to USD12.1 billion, according to a new report from Brand Finance, the world’s leading brand valuation consultancy.

    Meanwhile, Tesla’s brand value fell 12% to USD58.3 billion, with Mercedes-Benz overtaking it to become the world’s most valuable automobiles brand (brand value up 1% to USD59.4 billion). Tesla’s drop to second position comes in the context of controversies surrounding Elon Musk which have affected the electric car maker’s reputation.

    The Chinese automobiles sector continues to grow, fuelled by strong global EV interest which is driving investments and exports. While Chinese automobiles brands experienced fluctuations in brand value, brand strength is rising – Brand Finance research reveals that 19 out of 22 Chinese brands listed in the rankings improved in brand strength.

    The top three most valuable Japanese automobiles brands see improvements as high as 8.32% in brand strength due to strong performance in several brand equity measures. With intensifying global interests in EV, Toyota, Honda and Nissan took the stage at Japan’s biggest car show Japan Mobility Show 2023 to showcase innovative and creative car concepts of the future, with participation from a record total of 475 enterprises.

    Promotional efforts from these Japanese automobiles brands bode well, as they see significant improvements in brand strength. Toyota recorded an increase in Brand Strength Index (BSI) score of 86.13 to 89.01 out of 100, driven by strong performance in Familiarity, Consideration and Recommendation measures.

    Meanwhile, Honda’s BSI score increase from 80.38 to 87.07, was driven by increases across equity and investment in various metrics – Familiarity, Consideration, Recommendation and Reputation. Nissan witnessed a BSI score increase of 72.35 to 75.54, driven by strong performance across most brand strength metrics, especially in Familiarity and Recommendation.

    Luxury sports car manufacturer, Ferrari, maintains a high brand strength with a score of 90.0/100, earning a AAA+ rating and solidifying its status as the world’s strongest automotive brand. Research conducted by Brand Finance underscores the brand’s robust Familiarity, Recommendation and Reputation metrics, while optimistic forecasts have further contributed to its increased brand value (up 43% to USD10.6 billion).

    Bosch is the most valuable and strongest auto components brand, with a valuation of USD14.6 billion. Brand Finance research shows it is excelling in metrics like ‘Brand I Admire’ and ‘Positive Contribution’, indicating growing respect for its brand and contributions. Updates in Familiarity and Consideration evaluations reinforce this recognition.

    Alex Haigh, Managing Director, Brand Finance Asia Pacific commented: “The decline in Tesla’s brand value is made all the more compelling against the backdrop of an automotive industry increasingly focused on electric vehicles, however, Tesla’s brand strength persists, a sign that the company’s core identity is resilient. As other EV manufacturers, such as BYD and New Flyer, see considerable growth, Tesla’s enduring high levels of consumer familiarity and recommendation are likely to be pivotal for the company to stay competitive.”

    PEA, EVme ink MoU to enhance charging stations to meet domestic energy demands

    Worldwide shipments of AI PCs and GenAI smartphones to total 295 million units in 2024

    The post BYD on brand value uptick while Tesla on downturn appeared first on The Story Thailand.

    25 February 2024
    Business
    https://www.thestorythailand.com/?p=124400
  • Worldwide shipments of AI PCs and GenAI smartphones to total 295 million units in 2024

    Worldwide shipments of AI PCs and generative AI (GenAI) smartphones are projected to total 295 million units by the end of 2024.

    The post Worldwide shipments of AI PCs and GenAI smartphones to total 295 million units in 2024 appeared first on The Story Thailand.

    Worldwide shipments of AI PCs and generative AI (GenAI) smartphones are projected to total 295 million units by the end of 2024, up from 29 million units in 2023, according to a new forecast from Gartner, Inc.

    Gartner defines AI PCs as PCs that are equipped with dedicated AI accelerators or cores, neural processing units (NPUs), accelerated processing units (APUs) or tensor processing units (TPUs), designed to optimize and accelerate AI tasks on the device. This provides improved performance and efficiency in handling AI and GenAI workloads without relying on external servers or cloud services.  

    GenAI smartphones are designed smartphones equipped with hardware and software capabilities that enable seamless integration and efficient execution of GenAI-driven features and applications on the smartphone. These smartphones are capable of locally running a base or fine-tuned AI model that generates new derived versions of content, strategies, designs and methods. Examples of this include Gemini Nano from Google, ERNIE from Baidu and OpenAI’s GPT-4.

    “The rapid adoption of on-device GenAI capabilities and AI processors will eventually become a standard requirement for technology vendors,” said Ranjit Atwal, Senior Director Analyst at Gartner. “This ubiquity will pose challenges for vendors in differentiating themselves from competitors, making it harder to create unique selling points and drive increased revenues.”

    Gartner estimates 240 million GenAI smartphones and 54.5 million AI PCs will be shipped by the end of 2024 . This will represent 22% of basic and premium smartphones and 22% of all PCs in 2024.

    The integration of AI into PCs is not expected to drive end-user spending beyond anticipated price increases. Business device buyers will demand compelling reasons to invest. However, it will take time for software providers to harness the power of on-device AI and clearly demonstrate its enhanced benefits.

    The PC market returned to growth in the fourth quarter of 2023 after eight consecutive quarters of decline. Gartner estimates overall PC shipments will total 250.4 million units in 2024, a 3.5% increase from 2023. On-device AI should rejuvenate the marketing of PCs through 2024 and help sustain existing anticipated replacement cycles, negating some of the negative effects of a disruptive socioeconomic environment.

    Smartphone Market to Return to Growth in 2024

    Like AI PCs, GenAI smartphones will not bolster smartphone demand until 2027. “The enhancements to smartphones evolve the current experiences with cameras and voice integration, but these capabilities are expected by users rather than demonstrating a new groundbreaking functionality. Users have the same expectation for the functionality of GenAI on their smartphone,” said Atwal. “They are unlikely to pay a premium for GenAI smartphones without the availability of any groundbreaking applications.”

    The catalyst for transformative shifts in user experience lies in the advancement of smaller versions of large language models (LLMs) specifically tailored for smartphones. This evolution will transform smartphones into even more intuitive companions capable of comprehending and responding to human language and visual cues, which will elevate the overall user experience to new heights.

    The smartphone market recorded its first quarter of growth in 4Q23 after nine consecutive quarters of decline. In 2024, worldwide smartphone shipments are expected to grow 4.2%, totalling 1.2 billion units year over year. “We should not interpret the growth in smartphone shipments as a full-fledged recovery,” said Atwal. “It is more accurate to view it as a stabilization of lower level of units, which are nearly 60 million lower than in 2022.”

    KBTG opens a new chapter with ‘Human-first x AI-first Transformation’

    Hybrid multi-cloud becomes imperative as businesses plan AI upgrade, Nutanix says

    The post Worldwide shipments of AI PCs and GenAI smartphones to total 295 million units in 2024 appeared first on The Story Thailand.

    24 February 2024
    AI PCs
    https://www.thestorythailand.com/?p=124354