HomeEconomyFinancial investmentVietnamese businesses are gradually moving deeper into AI applications

Vietnamese businesses are gradually moving deeper into AI applications


Not only using ChatGPT to compose emails, correct spelling or do math like in the previous period, applying artificial intelligence (AI) in Vietnamese businesses is gradually becoming more professional.

To know if farmed crickets are stressed or not, Cricket One - the largest cricket protein producer in Southeast Asia with a farm in Binh Phuoc - started looking for ways to use artificial intelligence (AI) since 2019. This company invested capital in a startup project to develop an AI platform used in breeding this insect.

The company started testing the platform from 2020 on the largest farm. Co-founder and Business Development Director Nguyen Hong Ngoc Bich (Bicky Nguyen) said that the platform is in the machine learning stage and gives quite correct warning recommendations.

“We measure the density of crickets through their vertical and horizontal movement behavior. Parameters about living conditions help the company research deeply, understand and make decisions about caring for crickets less emotionally than before," Ms. Bich said, adding that AI will be extremely useful for the livestock industry in the future.





Mr. Ngo Trong Nghia, Founder, CEO of Neo Development told the story of using the company's AI assistant in Ho Chi Minh City on March 11 at the event of the Alibaba wholesale platform. Photo: Thuc Van

Mr. Ngo Trong Nghia, Founder, CEO of Neo Development told the story of using the company's AI assistant in Ho Chi Minh City on March 11, at the event of the Alibaba wholesale platform. Image: Thuc Van

Or Neo Development also uses AI to digitize the export of their nail tools through the Alibaba wholesale platform. This tool is called Smart Assistant.

Neo Development CEO Ngo Trong Nghia said that the AI ​​assistant helps him provide market analysis information, respond to buyers in their own language, or compose standard product descriptions with customer-attracting formulas and graphics. professional marketing.

"It doesn't require a raise, coffee or sleepiness, but answering hundreds of customers at the same time, while I receive 10 people a day is too much," he said. Neo Development estimates AI tools free up 40% of time and resources. Currently, the company receives 3-4 export orders through Alibaba each month.

The trade and service sector in Vietnam has also recently actively applied generative artificial intelligence (GenAI). Research recently published by payment technology firm Visa shows that many retailers are actively applying it to bring new shopping experiences to users, thereby boosting revenue.

This positivity comes from the fact that up to 86% of customers questioned in Vietnam said they had known about GenAI applications in retail. The main reasons it is supported are, such as showing where to get good prices, searching and providing product information, quick shopping summaries and suggestions, as well as supporting new trend consulting.

"Retailers are offering products that are closer to personalization needs and behind it are GenAI applications," said Ms. Dang Tuyet Dung, Director of Visa Vietnam and Laos.





Mr. Bui Hai Hung, Founder and General Director of VinAI spoke at the event in Ho Chi Minh City on March 14. Photo: Bloomberg Businessweek Vietnam

Mr. Bui Hai Hung, founder and General Director of VinAI, spoke at the event in Ho Chi Minh City on March 14. Image: Bloomberg Businessweek Vietnam

In fact, AI has been in development since the 1950s of the last century, but when OpenAI's ChatGPT platform was introduced, the world truly witnessed an explosion. Since then, artificial intelligence has gradually become familiar to businesses and users.

Mr. Bui Hai Hung, founder and General Director of VinAI (VinGroup) said that this technology has developed to the point where machines can create very good marketing content, images, communication and even self-programming.

“AI will completely change the way we do business in the future. But decision makers do not fully understand the impact, the technology behind it and how to apply it," Mr. Hung commented at a recent conference.

According to a study published earlier this year by PwC (one of the world's top 4 auditing companies), 41% of CEOs in the Asia-Pacific region (including a survey in Vietnam) admitted to not having applied GenAI. at the company in the past 12 months. But many CEOs are optimistic about the prospects of this technology in the next year. More than two-thirds predict GenAI will significantly impact their company, workforce and markets in the next three years.

This auditing firm recommends that businesses review their strategy and position how GenAI plays a role in management, operational capacity and speed of bringing products and services to market. Along with that, there is a labor strategy.

But GenAI also has negative points when businesses apply it. When assessing risks related to GenAI, PwC said Asia-Pacific CEOs are concerned about increased cybersecurity risks (49%), and the spread of misinformation (44%).

Ms. Dang Tuyet Dung raised the issue of "data ethics", when some users are not really comfortable with organizations collecting their data for use in AI. "Therefore, the issue of data ethics must be committed, and Vietnam's legal framework also needs to be more detailed and clearer," Ms. Dung said.

Mr. Bui Hai Hung, also assessed that the main barrier of AI, in addition to cost, is also concerns about data security and energy consumption. For example, an AI-generated photo will consume as much electricity as a phone battery. The above weaknesses of AI are expected to gradually improve with technological advances.

However, this CEO is still optimistic, because "with more AI tools, work efficiency will improve a lot."

Telecommunication




Source link

Same topic

Vietnam is an open country in terms of digital institutions

According to Minister Nguyen Manh Hung, Vietnam is an open country in institution building and listening to business opinions, especially foreign businesses. On the afternoon of March 21, at the headquarters of the Ministry of Information and Communications, Minister Nguyen Manh Hung had a meeting with the US-ASEAN Business Council (USABC) delegation. This is the group of businesses that has the most contributions to the Ministry of Information and Communications on issues of institution building,...

Dr. Ngo Di Lan: I am optimistic about the 'gamble' of artificial intelligence

(Dan Tri) - How does a researcher in the Foreign Affairs sector use artificial intelligence (AI), and why does he compare AI to a "gamble"? These are questions for Dr. Ngo Di Lan, a famous figure among international students when he wrote an open letter to the Minister of Education and Training stating that Vietnamese students are weak in "critical thinking". judge"....

The United Nations passes a resolution on artificial intelligence

The United Nations General Assembly for the first time passed a resolution on protecting human rights, protecting personal data and monitoring risks caused by artificial intelligence (AI). The US-sponsored resolution was passed on March 21 with the consensus of more than 3 member countries without a vote. The resolution aims to promote safe, secure AI systems...

Highlights

New Posts

Same author

Vietnam won the world team billiard championship for the first time

DucTran Quyet Chien and Bao Phuong Vinh helped Vietnam win the world three-band carom championship, after narrowly defeating Spain 3-15 in the final tie-break series. The final could hardly have been more dramatic, when the two teams tied in two official games and had to decide the winner in a tie-break series. There, the score was also brought up to 14-14, meaning each team only needed to score one more point to...

The giant painting recreates the Dien Bien Phu Victory

The work was implemented in November 11 by 2019 young artists from all over the country, with a total cost of nearly 200 billion VND, constructed in a closed domed space 50 m long and more than 132 m high. The dome has a total area of ​​9 m² of paintings and 2.500 m700 of installation details, above the roof is a peaceful sky. The entire painting is a tribute to those who...

The reason Trump's support rate is increasing

Despite facing a series of indictments, Trump is still respected by many Americans for many reasons, the main focus being the country's economic problems. Donald Trump was the least popular president and was criticized by nearly two-thirds of Americans by the time he left office. However, after more than three years, the public's love for him is increasing. The...

Much read

The Prime Minister attended the Conference to announce planning and investment promotion in Vinh Long province

On the morning of March 23, in Vinh Long city, Prime Minister Pham Minh Chinh attended the Conference to announce the Provincial Planning for the period 3-2021, vision to 2030 and promote investment in agriculture, trade and tourism in Vinh province. Long. Vinh Long Banking Industry organizes a Bank-Enterprise Connection Conference Credit capital will be further promoted in agriculture and rural areas...

Deposit for 6 months, top 5 banks with the highest interest rates today

You can quickly calculate bank deposit interest through the following formula: Interest = Deposit x interest rate (%)/12 months x number of months deposited For example, you deposit 1 billion VND into Bank A, with an interest rate of 4,6. 6% for 1 month term. The interest you receive is estimated to be: 4,6 billion VND x 12%/6 x 23 months = XNUMX million VND. Thus, before saving, you should compare the savings interest rate...

The reason why domestic gold fluctuates strongly

World gold prices did not change much in the context of a strong increase in the USD index. Recorded at 19:23.3 p.m. on March 6, the US Dollar Index measuring the fluctuation of the greenback with 104,115 major currencies was at 0,43 points (up XNUMX%). Gold price forecast Mr. Daniel Ghali - commodity strategist at TD Securities said that the buying motivation seems to be temporarily exhausted. Gold prices are adjusting...

Hai Phong has an additional 926 billion VND because revenue exceeded the budget

Because revenue from import and export in 2022 exceeded more than 20%, Hai Phong was rewarded and supplemented with more than 926 billion VND to invest back into the city. According to Hai Phong City People's Committee, in 2022, the city's budget revenue from import-export activities will reach 67.806 billion VND, exceeding 11.876 billion VND compared to the assigned target. According to the decree on mechanisms and specific financial and budget policies for Hai...

The road to finding new growth drivers for China

To achieve growth goals, China wants to stabilize real estate and infrastructure, while investing in production and technology. Since 2000, China's average GDP growth rate has been above 8% per year, ushering in a period of significant improvement in living standards, with extreme poverty almost no longer available. Thanks to market opening and trade reform, China has become a major economy...

Same category

Rising interest rates could wipe out 'zoombie' companies in Japan 

Japan's ending of negative interest rates could cause "zoombie" companies to close after a period of super loose monetary policy. The concept of "zoombies" or zombie companies refers to businesses struggling to survive just to pay off debt. This number increased sharply after the Covid-19 period, due to the government providing a huge financial stimulus package to small companies and...

Many factors will push coffee exports to increase in 2024

Information also shows that global coffee bean consumption in the period 2023-2024 will increase by 20% from 2013-2014, with Asia increasing the most. "Coffee prices will continue to be anchored at a high level. , especially, if major economies in the world continue to reduce interest rates, coffee exports will continue to benefit at least in the first half of 2024" - Mr. Vu Tuan Anh admitted...

Portrait of a young economic leader participating in the Influential Vietnamese Forum 2024

This year's forum will revolve around the overarching theme "Vietnam thrives in change", focusing on three main questions: First, the means to unite resources to awaken national potential and support growth aid. Second is how to enhance Vietnam's position globally. Third is how to exploit and take advantage of the keys to success...

Interest rate fluctuations March 24.3, a series of banks pay interest over 8%/year

A series of banks paying interest of over 8%/year. According to Lao Dong's records, the highest special deposit interest rate is currently 9,65%/year, listed by ABBank. With over-the-counter deposit interest rates, ABBank currently issue an interest rate of 9,65%/year for a 13-month term, when customers meet one of the following two conditions: Reference for loan interest rate adjustment for loans stated in the loan agreement. ..

From July 1, you must authenticate by face and fingerprint when transferring money

According to Decision 2345/QD-NHNN dated December 18, 12 (Decision 2023) of the State Bank on implementing safe and secure solutions in online payment and bank card payment, from January 2345 July 1, transferring money via online account or depositing money into e-wallet over 7 million VND must be biometrically authenticated via face and fingerprint. Sharing around this issue in the newspaper...

New Posts

'Unearthing the Ghostly Tomb' earned 160 billion VND after 10 days of opening in Vietnamese theaters

"Exhuma: Unearthing the Ghostly Tomb" created a fever with a revenue of 160 billion VND, becoming the most popular horror film at the Vietnamese box office. According to Box Office Vietnam - an independent box office monitoring unit, on the evening of March 24, the film reached VND 3 billion after 160 days of domestic release. The work surpasses the Demon Dog...

Formula 1 motorboat of Binh Dinh team

At noon on March 24, the Board of Directors of Binh Dinh province and the Chairman of Binh Dinh F03 Company went directly to the racing area to join team captain Jonas Andersson in opening the container of the Formula 1 motorboat of the Binh Dinh - Vietnam team. The competing boats worth more than 1 billion of Binh Dinh team -...

Italy warned that IS could carry out attacks similar to the one in Moscow

On March 24, Italian Defense Minister Guido Crosetto warned that a terrorist attack similar to the shooting at a concert venue near Moscow (Russia) could happen in countries where The self-proclaimed Islamic State (IS) terrorist group is present.

Rising interest rates could wipe out 'zoombie' companies in Japan 

Japan's ending of negative interest rates could cause "zoombie" companies to close after a period of super loose monetary policy. The concept of "zoombies" or zombie companies refers to businesses struggling to survive just to pay off debt. This number increased sharply after...

Russia sent fighter jets to block American bombers

Russian MiG-31 fighter launched a sortie to intercept two US B-1B bombers over the Barents Sea, forcing Washington's plane to turn around. "On March 24, Russia discovered a group of targets in the Barents Sea heading towards the border of the Russian Federation. MiG-3 fighters belonging to the quick reaction air defense force sortied to receive...

New Posts