Capitaland Signs Mou Microsoft Ai Adoption
“CLI has always been at the forefront of embracing digitalisation to enhance our operational and service excellence. We look forward to working with SBF and its members to co-create AI and digitalisation initiatives that will enhance our retail ecosystem,” says Jason Leow, president of CapitaLand Investment.
CapitaLand Group has recently signed a memorandum of understanding (MOU) with Microsoft to utilize artificial intelligence (AI) and advanced technologies in its business ventures. The company will be joining Microsoft Singapore’s AI Pinnacle Program, which will enable it to make use of Microsoft platforms, services and solutions to enhance customer engagement and streamline operational efficiency across its various businesses, including funds, investments, retail, lodging and development.
Through this collaboration, CapitaLand and Microsoft will explore potential partnerships in infrastructure development and tap into the capabilities of Microsoft’s Azure cloud computing platform to design and develop data centers for CapitaLand Investment. Additionally, AI, data analytics and machine learning will be integrated to strengthen CapitaLand’s digital and business transformation efforts.
Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, says, “Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a crucial role in shaping our future by improving operational efficiencies and creating value for our stakeholders.”
In a separate MOU, CapitaLand Investment (CLI) has partnered with the Singapore Business Federation (SBF) to establish a framework for digitalization and AI integration across its retail ecosystem. Under this collaboration, CLI will assist in implementing and piloting AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness. The company will also focus on upskilling its retail tenants in AI-related competencies and skills.
“CLI has always been at the forefront of embracing digitalization to enhance our operational and service excellence. We look forward to working with SBF and its members to co-create AI and digitalization initiatives that will enhance our retail ecosystem,” says Jason Leow, President of CapitaLand Investment.
In related news, CapitaLand Investment recently acquired three properties in Singapore and Thailand and is expected to announce a significant decline in PATMI (Profit After Tax and Minority Interest) in its upcoming financial results. However, the company’s cash flow is expected to remain stable. Additionally, the penthouse at One Pearl Bank has been sold, marking the completion of the development’s 100% sale.
