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Professor Daniela Rus: A new voice in the VinFuture Prize Council – Honoring AI and Robotics revolution


HANOI, VIETNAM – Media OutReach Newswire – 7 March 2025 – As Artificial Intelligence (AI) and robotics have increasingly reshaped industries and societies, promising to be the multibillion-dollar opportunity in the next decade, the VinFuture Prize is committed to recognizing and honoring pioneers who have driven this technological revolution. After the 2024 Grand Prize honored five scientists for their contributions to advancing deep learning, the Prize Council has now welcomed Professor Daniela Rus, Director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT, as its newest member.

Professor Daniela Rus. Photo courtesy of the Computer Science and Artificial Intelligence Laboratory (CSAIL).
Professor Daniela Rus. Photo courtesy of the Computer Science and Artificial Intelligence Laboratory (CSAIL).

On the occasion of International Women’s Day, Professor Rus reflects on her journey in a field long perceived as male-dominated and shares how AI plays an important role in shaping the future of robotics.

From the leap of AI to robots

The rapid evolution of artificial intelligence presents significant opportunities for robotics to drive industrial revolution. AI models are surprisingly humanlike in their ability to process text, video, images, and other data when prompted. However, Professor Rus pointed out that so far, these algorithms have largely remained relegated to the digital world, rather than the real world. Meanwhile, robots excel in the physical world but lack inherent intelligence, relying largely on pre-programmed instructions.

This is a decade when AI will finally make the leap from the digital world to the real world. Professor Rus envisions bridging this gap by integrating AI into robotics to make real-world physical machines intelligent. “They can be robots and also other machines, including power grids, sensors, and satellites; essentially anything you want in the physical world,” she said.

This vision requires what Professor Rus calls “physical AI.” In other words, it means developing AI models that not only process information but also understand the physics of the real world, she explained. This requires overcoming the limitations of current statistical AI, which lacks a deep understanding of real-world physics.

Ultimately, Professor Rus emphasized the need to develop AI solutions that are physics-aware, causal, error-free, compact and integrated into physical systems. With many researchers and scientists actively pursuing these advancements, she predicts a complete transformation of industries over the next decade.

In healthcare, AI-driven diagnostic tools can improve monitoring and disease detection. Meanwhile, autonomous systems promise safer roads, reducing fatalities, and making our transportation system much more efficient and effective. One of the most exciting applications is real-time language translation, which can enable seamless global communication.” she clarified.

In general, AI and robotics hand in hand could liberate humans from mundane routine tasks, enabling them to dedicate their efforts to higher-level activities such as strategic thinking and creative problem-solving. However, Professor Rus also emphasized the importance of acknowledging the current limitations of machine learning and cautioned against over-reliance on robotics as a universal solution.

Embrace the AI era

Recognizing the profound impact of AI on industries and societies globally, Professor Rus expressed her appreciation for the VinFuture Prize’s recognition of the pioneers driving this transformation, comprehensively acknowledge contributions from all three core pillars of AI revolution: machine-learning (Professors Yoshua Bengio – Geoffrey Hinton – Yann LeCun), datasets (Professor Fei-Fei Li) and hardware (Mr. Jensen Huang).

The prize highlights how far we’ve come from the scientific foundations of AI to the point where it can create so much impact in improving our lives and contributing to a better world,” she exclaimed.

As the newest member of the esteemed VinFuture Prize Council, she expressed her anticipation for a productive collaboration, aligned with the Council’s objectives: “The VinFuture Prize is remarkable, and it is wonderful to see AI researchers and advancements receiving this level of recognition. My expectation is that this collaboration will focus on identifying and celebrating groundbreaking achievements and people who have made those contributions that have the potential to transform industries and improve lives.”

Regarding the long-term impact of intelligent robots in the near future, Professor Rus emphasized the necessity of equipping individuals with the knowledge and skills required to navigate this evolving landscape. She highlighted the importance of achieving digital literacy to adapt to the inevitable technological shift, through formal education, corporate training, or community-led initiatives. “It’s important to recognize that these tools are neither inherently good nor bad: their impact depends on how we choose to use them,” she stressed.

With the advocate from the VinFuture Prize to the constant development of AI, Professor Rus was confident that this would serve as a rallying point to inspire more young researchers and developers worldwide to push the boundaries of AI and robots across borders.

We are at a pivotal moment where AI is beginning to make a profound impact on the world. The Prize will energize the younger generation to participate, learn, and contribute. The more that young scientists and engineers engage with AI and robotics, the faster we will see meaningful advancements that create a more equitable and sustainable future for all,” she remarked.

“The path is never a straight line”

Recognized among the distinguished women leading the global advancement of AI and robotics, Professor Rus traces her passion to an early fascination with science fiction. Her subsequent studies in computer science, mathematics, and astronomy provided a foundation for her academic journey, which was further shaped by the guidance of her future PhD advisor.

Inspired by her advisor, she became deeply intrigued by the potential application of computation to interact with the physical world. “This realization was a turning point for me, as I saw an opportunity to work on something groundbreaking,” she said.

Reflecting on the state-of-the-art at that time, most robots were characterized by humanoid forms, robotic arms, or box-like wheeled machines, predominantly constructed from metal. Despite their power, these industrial robots proved impractical for factory assistance due to their bulk, weight, and inherent safety risks.

Professor Rus adopted an alternative approach to address this challenge: “I realized how the natural world was full of diverse forms and materials and explored ways to expand the definition of a robot to include a wider range of these. In my lab, we pioneered early work in soft robotics and investigated using silicone, paper, and even food as the basis for making new robots.

This research approach led her to pursue the development of machines possessing both physical form and cognitive capabilities, aiming to optimize the synergy between structural design and intelligent control, motivating machines to act with purpose and adaptability. “By merging smarter AI with innovative materials and designs, we can push the boundaries of what robots can achieve,” she explained.

Throughout her remarkable journey, Professor Rus distinguished herself with unwavering commitment to advancing the science and engineering of intelligence. She demonstrates a persistent dedication to addressing evolving challenges within the field, in pursuit of a future where machines seamlessly integrate into human lives, supporting people in both physical and cognitive tasks.

Challenges are inevitable, and the path is never a straight line. The key is to stay focused on a big goal.” Professor Rus emphasized, “You have to adapt to wherever science and engineering can take you. Studying these machines has taught me that we have so much opportunity and more left to learn, not only about the machines but also about ourselves.”

The VinFuture Foundation, established on International Human Solidarity Day on December 20th, 2020, is a non-profit organization co-founded by billionaire Mr. Pham Nhat Vuong and his wife, Mrs. Pham Thu Huong. The Foundation’s core activity is awarding the annual VinFuture Prize, which recognizes transformative scientific and technological innovations capable of making significant positive changes in the lives of millions of people worldwide.

The nomination period for the 2025 VinFuture Prize will close at 2:00 PM on April 17, 2025 (Vietnam time, GMT+7). https://vinfutureprize.org/vinfuture-prize-nomination/

The VinFuture Prize consists of four prestigious awards presented each year. The most esteemed is the VinFuture Grand Prize, valued at US$3 million, making it one of the largest annual prizes globally. Additionally, there are three Special Prizes, each valued at US$500,000, specifically dedicated to honoring women innovators, innovators from developing countries, and innovators with outstanding achievements in emerging fields.

Hashtag: #VinFuture

The issuer is solely responsible for the content of this announcement.

DITP to Promote Thailand’s International Trade Image and Launch New Logo Under “3E CREATE POSSIBILITIES” Concept to Boost Thailand’s Global Trade Position on March 12

BANGKOK, March 7, 2025 /PRNewswire/ — The Department of International Trade Promotion (DITP), Ministry of Commerce, Thailand, is organizing an event to enhance Thailand’s global trade image and officially launch its new logo under the “3E CREATE POSSIBILITIES” concept. This new initiative aims to elevate Thailand’s creative industries, products, and services while showcasing the country’s international trade capabilities on the global stage.

DITP to Promote Thailand's International Trade Image and Launch New Logo Under
DITP to Promote Thailand’s International Trade Image and Launch New Logo Under “3E CREATE POSSIBILITIES” Concept to Boost Thailand’s Global Trade Position on March 12

Ms. Sunanta Kangvalkulkij, Director-General of the Department of International Trade Promotion, announced that DITP will host a special event to enhance Thailand’s global trade presence on Wednesday, March 12, 2025, Manopakorn Nitithada Room, 12th floor of the DITP headquarters at the Ministry of Commerce. This event, hosted by Mrs. Opal Panisara Arayaskul, aligns with the government’s Soft Power policy and aims to showcase Thailand’s creative industries and services developed under DITP’s guidance. The event will feature an exhibition showcasing Thailand’s Soft Power products and services, including Muay Thai merchandise, cartoon characters, pop art, Thai cuisine, lifestyle products, and fashion items. As part of this initiative, DITP will officially unveil its new logo, designed to enhance the department’s communication effectiveness and reinforce its image under the “3E CREATE POSSIBILITIES” concept.

1st E: Expand  – This concept focuses on expanding market presence through both established and new frontiers. This encompasses maintaining existing markets while exploring new opportunities, supported by strategic nation-branding initiatives to enhance global recognition of Thai products and services. The strategy leverages DITP’s digital platforms and international marketplaces to expand online trade opportunities, while utilizing provincial commerce networks to connect local products with global markets and increase Thailand’s export market share.

2nd E: Enable  – This strategy focuses on empowering Thai entrepreneurs by enhancing their capabilities and fostering strategic relationships. This dual approach combines traditional business expertise with digital competencies to meet evolving market demands. It also provides access to DITP’s comprehensive market intelligence services, enabling businesses to elevate their products and services to international standards.

3rd E: Empower  – This involves nurturing and strengthening Thai enterprises through comprehensive incubation programs. This strategic initiative aims to transform Thai products and brands into globally competitive offerings, fostering sustainable long-term growth in international markets.

DITP expects this rebranding initiative and event to reinforce its strategic vision and boost market confidence, enabling Thai entrepreneurs to expand their creative industries and Soft Power offerings in global markets. This strategic move aims to strengthen Thailand’s position in international trade and foster sustainable economic growth.

For additional information, please visit DITP’s website at www.ditp.go.th or contact the International Trade Hotline at 1169.

IWD 2025: XCMG Celebrates Inspirational Stories of She Heroes, Confronts Gender Gap to Break Boundary

XUZHOU, China, March 7, 2025 /PRNewswire/ — On the occasion of 2025 International Women’s Day, themed “For ALL women and girls: Rights. Equality. Empowerment,” XCMG Machinery (“XCMG”, SHE: 000425) is sharing inspirational stories of female employees around the world to honor and uplift the women and girls in a male-dominated industry who are breaking the gender gap with outstanding achievements and pioneering spirit.

IWD 2025: XCMG Celebrates Inspirational Stories of She Heroes, Confronts Gender Gap to Break Boundary
IWD 2025: XCMG Celebrates Inspirational Stories of She Heroes, Confronts Gender Gap to Break Boundary

Işil Kanyilmaz, a marketing manager for XCMG Turkey, has seen the growth of a small team to a full corporation and many employees in the past three years. She noted that there are particular difficulties faced by women in the construction and machinery industries.

“My journey in XCMG has been a journey of resiliency, determination, and growth, from breaking stereotypes to navigating male-dominated work environments. Nevertheless, witnessing the influence and contributions we can make in this ever-evolving field is also immensely satisfying. I encourage all young women who aspire to work in industries that are predominately male to pursue their dreams and not to be afraid to do so,” she shared.

A milestone moment for XCMG Turkey was the debut at Komatek 2024 tradeshow. Kanyilmaz and her team prepared for the event for over nine months and the immense success has set a new benchmark for excellence. She encourages females in the industry to have faith in their skills and know that they are capable of breaking through obstacles and having a big influence.

Karen Souza has been with XCMG Brazil for more than three years. She started as a commercial analyst and now is an international business analyst responsible for managing exports from Brazil to Chile, Colombia, Guyana and the U.S. She won the top 30 employees award in 2023 for managing the company’s record exports.

“Working with another culture is extremely challenging, starting with the language, so it was very rewarding for me to be able to improve my English communication. It also opened doors for me to participate in XCMG Apprentice Season 9 and Global Training. Being able to visit China delighted me with the hospitality of the Chinese people and I was amazed by the technology of XCMG’s factories,” said Souza.

Angela Gustiwong is a marketing insight specialist at XCMG Indonesia who joined in July 2024. She participated in the XCMG Apprentice Season 9 and remarked that beyond the technical knowledge and understanding of XCMG’s products and technologies, the program provided a unique cultural and professional exchange.

“At XCMG, we recognize the invaluable contributions of our female employees and are committed to fostering an inclusive and empowering work environment,” said Gustiwong. ” XCMG maintains a high standard of professionalism, regardless of cultural differences. Whether in China, Indonesia, or any other country, employees are expected to communicate clearly, collaborate effectively, and uphold a strong work ethic.”

Committed to celebrating diversity, encouraging collaboration and embracing different cultural perspectives, XCMG continues to lead the industry with innovation, efficiency, and global unity.

JungKwanJang to Showcase Functional Red Ginseng Solutions at 2025 Natural Products Expo West

– Global No.1 red ginseng brand JungKwanJang participates in NPEW for 4 consecutive years, introduces new functional red ginseng products
– First release of 3 new ‘Everytime’ products specialized for sports activities… Scheduled to be available on Amazon in March

ANAHEIM, Calif., March 7, 2025 /PRNewswire/ — Global comprehensive health company and No.1 ginseng brand ‘JungKwanJang’ participated in the 2025 NPEW (Natural Products Expo West) and introduced new sports lineup products of its global representative red ginseng brand ‘Everytime’, as well as new functional red ginseng products such as GLPro, specialized in blood sugar control.

JungKwanJang's booth at NPEW, a global leader in health and wellness
JungKwanJang’s booth at NPEW, a global leader in health and wellness

NPEW, the world’s largest natural food expo, is a place of exchange where global natural food and health functional food trends can be seen at a glance. Approximately 3,000 food and beverage companies from 130 countries and over 60,000 buyers participate.

JungKwanJang, the global No. 1 ginseng brand, promotes the excellence of natural health ingredient ginseng and its various products to the world. Ginseng is the health ingredient most suitable for the global health ingredients market trends of ‘Botanical (or Plant-based)’ and ‘Functional’.

At this year’s NPEW, JungKwanJang attracted attention from consumers and buyers by introducing ‘Everytime’, the global No. 1 red ginseng product that helps boost energy and improve blood circulation, ‘HSW’, a health energy drink, and ‘GLPro’, a newly launched blood sugar health brand, based on the 2025 slogan ‘Find Your Energy, Find Your Flow’.

JungKwanJang unveiled its new product ‘Everytime’, which is scheduled to launch on ‘Amazon’ in March. The new products introduced this time are three functional lineups specialized for sports activities: ‘Everytime PowerForm’, developed by mixing red ginseng and optimized raw materials to help increase endurance and stamina; ‘Everytime PerformA’, developed to help expand blood vessels before exercise; and ‘Everytime CaloTrim’, developed to help burn calories effectively during exercise.

At the JungKwanJang booth, the seven major functions of JungKwanJang red ginseng recognized by the KFDA (enhancing immunity, improving blood circulation, improving fatigue, antioxidation, improving memory, menopausal women’s health, and controlling blood sugar) were introduced. A unique event was prepared, providing visitors with non-alcoholic healthy cocktails made with JungKwanJang products. Additionally, various activities such as the Everytime tasting event and Taekwondo experience were prepared at the Activity Zone in the outdoor plaza, capturing the attention of more than 2,000 visitors.

JungKwanJang received the ‘Tyler Award (Varro E. Tyler Award)’ from the ‘American Botanical Council’ in recognition of its contribution to scientifically proving the beneficial effects of ginseng through active clinical research.

A KGC US official stated, “Through this NPEW participation and the launch of Everytime Sports Nutrition line-up, we were able to confirm the high interest in JungKwanJang from people around the world and gain momentum to lead the global health functional food market.” He added, “JungKwanJang will continue to focus on the health needs of each country and customized product development to contribute to the health of Americans through reliable health foods.”

Meanwhile, JungKwanJang is the No. 1 red ginseng brand trusted around the world based on its long tradition and strict quality control. The brand ranked first in the global ‘herbal health supplement’ retail market, as compiled by Euromonitor International, a global market research firm. Additionally, an R&D center has been established in Fullerton, near LA, USA, beyond Korea, to develop products that meet the customized health needs and tastes of the US market.

CONTACT: KGC, weirdo0130@gmail.com

Crowds gather at the JungKwanJang booth to explore and experience red ginseng products.
Crowds gather at the JungKwanJang booth to explore and experience red ginseng products.

Hohem Shines at IMI Show 2025 with Groundbreaking Gimbal Technology

BANGKOK, March 7, 2025 /PRNewswire/ — Hohem, a global leader in gimbal technology, proudly presents its latest technological breakthroughs at IMI Show 2025, located at Premium 1P-04 in Event Hall 100 (BITEC). 

Hohem Shines at IMI Show 2025
Hohem Shines at IMI Show 2025

Designed to empower creators, filmmakers, and content enthusiasts, Hohem has a series of groundbreaking products tailored to meet the needs of creators, filmmakers, and content enthusiasts alike. These groundbreaking products promise to revolutionize content creation, seamlessly integrating advanced stabilization, intelligent tracking, and creative features to deliver an unparalleled shooting experience.

With cutting-edge AI-powered technology and innovative design, Hohem’s products are set to redefine the way content is captured, offering seamless integration of stabilization, tracking, and creative features for a truly elevated user experience.

New Groundbreaking Smartphone gimbal – Hohem iSteady M7

The Hohem iSteady M7 sets a new standard in smartphone gimbals, designed to revolutionize content creation with cutting-edge features. Equipped with an advanced AI tracker, it seamlessly follows subjects through the native camera, ensuring smooth, dynamic shots. Its 1.4-inch detachable touchscreen remote controller offers real-time previews and intuitive target selection, allowing users to perfect their compositions without switching devices. Boasting exceptional AI tracking, precise controls, a high payload capacity, rock-solid stability, and integrated lighting effects, the iSteady M7 is the ultimate tool for creators — whether crafting content for personal passion projects or high-end commercial productions.

Hohem iSteady V3: Your All-in-One Smart Gimbal Solution

The Hohem iSteady V3 redefines smartphone videography with advanced AI tracking technology that flawlessly follows your movements. Compatible with native iPhone and Android cameras, it seamlessly integrates with popular third-party apps like FaceTime, Snapchat, and TikTok. Its three-axis stabilization ensures ultra-smooth footage, while the detachable remote unlocks creative possibilities — perfect for capturing cinematic angles, group photos, or remote selfies. This versatile gimbal is packed with features, including a built-in tripod, a 205mm extension rod, and a power bank, all powered by a long-lasting 12-hour battery. Lightweight, portable, and foldable, the iSteady V3 delivers everything you need to capture content on the go.

Immersive Experiences and Insights at IMI SHOW 2025

Attendees of the IMI Show 2025 are welcome to visit Hohem and expect live demonstrations, interactive workshops with professional photography content creators, participation in Hohem activities, and the potential to get special gifts. Hohem’s team will be on hand to explore how the AI-empowered Gimbals enhances your film-making workflow.

About Hohem:

Hohem is a leading innovator in gimbals technology, specializing in cameras and smartphones, designed to enhance the film-making and content creation experience. With a commitment to quality, innovation, and customer satisfaction, Hohem continues to redefine industry standards and inspire creativity worldwide. Its innovation Gimbals has been chosen by customers in over 50 countries.

For more information, visit our:

Website: https://www.hohem.com
Hohem Store: https://store.hohem.com
YouTube: https://www.youtube.com/@hohemglobal
Instagram: https://www.instagram.com/hohem_global
TikTok : https://www.tiktok.com/@hohem_global 

Vientiane Announces Potential Water Shortages, Calls for Preservation Efforts

Water tap (Photo: News24)

The Water Supply Enterprise of Vientiane Capital issued a statement on 5 March, announcing that water production during the hot season will likely be limited and urging residents to be mindful of their water usage. 

MWC 2025: Huawei Wins 33 Media Awards

Huawei Products, a Big Winner at MWC, with 33 International Media Awards

BARCELONA, Spain, March 7, 2025 /PRNewswire/ — Spain hosted this year’s Mobile World Congress (MWC 2025), the world’s largest and most influential mobile event, from March 3 to 6 (Beijing time). Technology company Huawei was a key participant at the event, garnering 33 international media awards for a diverse array of products, including HUAWEI Mate XT | ULTIMATE DESIGN, HUAWEI Mate 70 Pro, HUAWEI MatePad Pro 13.2-inch, HUAWEI WATCH GT 5 Pro, HUAWEI WATCH Ultimate, HUAWEI WATCH D2, and HUAWEI FreeBuds Pro 4. This impressive showing cements Huawei’s leading position in the smart device, health & fitness, and digital creation sectors.

As a vigorous innovator and front-runner in foldable phone technologies, Huawei’s market-exclusive advantages stem from their profound R&D capabilities and a level of innovation that no other company can offer. In Q3 2024, Huawei’s foldable phone sales contributed to an impressive 85% share of the CNY 10,000 foldable phone market segment and a 41.0% share of China’s overall foldable phone market, cementing the company’s position as the market leader. The release of HUAWEI Mate XT | ULTIMATE DESIGN, the first-ever commercial triple foldable phone on the market, broke new ground and expanded the scope of what users could expect from a smart device. This extraordinary flagship model from Huawei is a versatile tool that supports seamless switching between different screen modes, heralding a new era for triple foldable smartphones by integrating cutting-edge materials, ultimate craftsmanship, and patented technologies.

XMAGE, Huawei’s exclusive mobile imaging brand, features cutting-edge technologies that make it easier than ever for users to capture the joy and whimsy of everyday life. The groundbreaking Ultra Chroma XMAGE Camera, which was first introduced on HUAWEI Mate 70 Pro, works flawlessly with 1,500,000 spectral channels, to intelligently identify and adjust color details even in complex environments, ensuring that every hue is true to life. The in-house AI Moving Picture feature snaps creative shots, adding an element of fun and excitement to photography.

HUAWEI Mate XT I ULTIMATE DESIGN & HUAWEI Mate 70 Pro
HUAWEI Mate XT I ULTIMATE DESIGN & HUAWEI Mate 70 Pro

Smart wearables are a powerful engine of growth for Huawei’s consumer business. HUAWEI WATCH GT 5 Pro bolstered by the TruSense System offers elevated accuracy for basic indicators, high-level health & fitness monitoring, and a wealth of never-before-seen fitness features. HUAWEI WATCH D2 has been medically certified as a wrist-based ambulatory blood pressure monitor, and delivers accurate BP readings and ABPM data. As the second-gen product of the HUAWEI WATCH D Series, D2 also supports all-hour health & fitness tracking and smart lifestyle features, offering handy but all-encompassing health management solutions for users around the world. The HUAWEI WATCH Ultimate Series delivers an unparalleled tech experience and meticulous craftsmanship to your wrist, with its case forged with the exclusive Zirconium-based Liquid Metal and its bezel made of nanocrystal ceramics. The exciting addition to the series — HUAWEI WATCH Ultimate Green Edition — features a dual-color nanocrystal ceramic bezel and a premium titanium alloy strap, evoking the charm of a golf course on your wrist.

HUAWEI MatePad products have also topped China’s tablet market, garnering a 27.8% market share in Q4 2024. HUAWEI MatePad Pro 13.2-inch comes equipped with a Flexible OLED PaperMatte Display, featuring pro-level color accuracy and ultra-high resolution. This outstanding display, coupled with flagship-level system performance, effortlessly supports all kinds of tasks from complex mobile office work to creative designs and entertainment. Harnessing the technical and artistic prowess of the in-house GoPaint app, Huawei tablets make digital creation accessible to all users.

HUAWEI WATCH & HUAWEI MatePad
HUAWEI WATCH & HUAWEI MatePad

In 2024, Huawei CBG broke through longstanding technical barriers and dived deep into the industry’s most challenging issues, managing to achieve continuous business growth. Huawei aims to build on these achievements in 2025, and continue to develop groundbreaking products that raise the bar on technological progress and user experience.

Ping An Tops Global Patentee Top 10 List, Leading in Fintech and Healthcare

  • Ping An ranks first in global patents in healthcare and fintech, according to two new reports from the Intellectual Property Publishing House.
  • In the fintech sector, Ping An has 8,582 patents, accounting for more than 2% of patents of the entire industry.
  • In the healthcare sector, Ping An holds 4,176 patents, leading among domestic and international patentees.

HONG KONG and SHANGHAI, March 7, 2025 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An“, “the Company” or the “Group” HKEX: 2318 / 82318; SSE: 601318) ranks first in global patents in healthcare and fintech, according to two new reports from the Intellectual Property Publishing House. The “Fintech Industry 2024 Patent Analysis White Paper” and the “Healthcare Industry 2024 Patent Analysis White Paper” included each industry’s Global Patentee Top 10 list from 2019 to 2024. The figures demonstrate Ping An’s strength in cutting-edge technology innovation and applications.

Demonstrating outstanding competitiveness

The Intellectual Property Publishing House operates under the China National Intellectual Property Administration. Its white papers show that Ping An has 8,582 patents in fintech, accounting for more than 2% of patents of the entire industry. Ping An’s patent numbers also rank first in core business scenarios such as risk prevention and control, smart customer service, insurance claims and digital operations. In risk prevention and control, Ping An has 1,078 patents, exceeding the closest competitor by more than a hundred patents. In the fields of intelligent customer service and insurance claims, Ping An Group’s patent volume is twice that of the number two entity. The fintech industry white paper points out that “Ping An Group demonstrates outstanding competitiveness in the fintech industry with its strong innovation capabilities and comprehensive patents.”

In healthcare, Ping An surpasses other domestic and international patentees with 4,176 patents. It also ranks first in the number of patent applications in niche technology areas such as medical image processing, healthcare and senior care, and smart consultation. The healthcare industry white paper points out that artificial intelligence (AI) technology has become a key driver in promoting innovation and progress in the healthcare industry, and Ping An’s patent portfolio in healthcare is particularly strong, with leading numbers of patents in AI, blockchain and big data, significantly outstripping its closest competitors.

Expanding scenario and application innovation for service quality and efficiency

According to the two white papers, the global fintech and healthtech industries have entered a new stage, showing a trend of deep integration of core technologies and business scenarios. Ping An is fully expanding scenario innovation, with a large proportion of innovations in application areas that involve AI, blockchain, big data analysis and cloud computing.

Ping An has been deeply involved in integrated finance and healthcare for many years, with a comprehensive digital transformation strategy. It continues to focus on developing AI-driven new quality productive forces in finance, promoting the integration of cutting-edge technology to achieve digital operations, digital management, digital governance, and create competitive advantages. With five industry-leading laboratories and nine major databases, covering finance, healthcare, senior care and other fields, Ping An is building technology capabilities for financial advisory, family doctor and senior care concierge services. As of the end of September 2024, Ping An employed over 21,000 technology developers and over 3,000 scientists, and had filed 53,521 patent applications.

Ping An maintains a customer-centric approach, continuously upgrading to smarter, more personalized and efficient financial, healthcare and senior care services, for a “worry-free, time-saving, and money-saving” customer experience. Ping An’s AI service representatives interacted with customers approximately 1.34 billion times in the first three quarters of 2024, covering more than 80% of the total customer service volume. Ping An also pioneered the AI image-based vehicle damage assessment technology for auto insurance claims, shortening the damage assessment time from several hours to several minutes, with an accuracy rate of over 95%. In 2024, Ping An Life launched its upgraded 1-1-1 Superfast Claim service, with one-sentence reporting, one-click uploading and one-minute validation. Now 93% of insurance policies can be underwritten within seconds, and the average claim processing time is only 7.4 minutes. In medical services, Ping An Health’s AI-assisted consultation and treatment system has an accuracy rate of over 99% in triage – guiding patients to the appropriate medical department – and an accuracy rate of 95% in diagnosis.

Ping An said that in the face of the era of AI transformation, the Company will continue to promote the deep integration of finance and technology and provide services to its 240 million retail customers with the brand promise of “Expertise Makes Life Easier”.

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven “integrated finance + health and senior care” strategy, the Group provides professional “financial advisory, family doctor, and senior care concierge” services to its 240 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses’ quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of September 2024, Ping An had more than RMB12 trillion in total assets. The Group ranked 29th in the Forbes Global 2000 list in 2024 and 53rd in the Fortune Global 500 list in 2024. 

For more information, please visit www.group.pingan.com and follow us on LinkedIn – PING AN.