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Stanford University and VinBrain – To design a state-of-the-art AI-enabled platform to advance medical diagnosis and treatments

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Laotian Times
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Stanford University and VinBrain signed a Data Use Agreement to improve the precision of Radiology interpretation using a multi-modal “RadGraph” Method

HANOI, VIETNAM – Media OutReach – 14 February 2023 – On Jan 12 (PST Time), Mr. Steven Truong, CEO of VinBrain, attended the Data Use Agreement Signing Ceremony at the Stanford campus (Palo Alto, USA) organized by Stanford Center for Artificial Intelligence for Medical and Imaging (AIMI). This ceremony occurred with AIMI’s Director, Professor Curtis Langlotz along with other distinguished AIMI leaders, and the VinBrain leadership team.

Signing Ceremony of Data Use Agreement with Stanford University (photo: VinBrain)
Signing Ceremony of Data Use Agreement with Stanford University (photo: VinBrain)

To design a state-of-the-art AI-enabled platform for more accurate diagnosis and treatments, a tremendous amount of geographically distributed data, medical images, and patient medical records are required for system training.

TCBC Stanford - Photo 2.jp
Stanford University will share data with VinBrain for model training and testing models to boost efficiency in Radiology reports

The DUA grants Stanford University and VinBrain the collaborative power to improve efficiency in radiology reports and advance AI in healthcare by sharing relevant de-identified data for model training and testing, while tackling complexity, ambiguity, and limitations in medical image interpretation.

Starting with 240,000 anonymized medical images and report pairs provided by Stanford through this DUA, VinBrain will work to improve the accuracy of the RadGraph method through a research collaboration with Stanford to extract clinical entities and relation annotations from a large dataset of full-text radiology reports.

With this strong support from Stanford, VinBrain aims to raise the bar for research on AI solutions by collaborating beyond Vietnam to improve product quality, meanwhile, continuing to add and develop the most massive data source in Vietnam to date, with more than 2.3 million images being analyzed through the DrAid™ platform so far.

Mr. Steven Truong affirmed: “VinBrain always strictly adheres to data security regulations according to USA standards.” He also emphasized that Stanford sharing data with VinBrain demonstrates Stanford’s absolute trust in VinBrain’s commitment to data privacy and security. The DUA signed with Stanford University is not an overnight result but a long journey of 3+ years of collaboration. This collaboration has produced many research projects together that have achieved desirable clinical outcomes.

Professor Curtis Langlotz, Director of the Center for Artificial Intelligence in Medicine and Stanford University also expressed his enthusiasms, “I remember the first time I met Steven at RSNA Spotlight organized by Stanford near San Francisco Airport. It was the beginning of this wonderful relationship that developed over time. We appreciate VinBrain’s leadership in research and the capabilities that they have. The speed of work is incredible, and I also appreciate the collaborative spirit of VinBrain.” He added, “I know that we’ve done a lot, but there’s still a lot more to do. I look forward to continued collaborations. I’m glad we sat down together to sign this Agreement.”

This Agreement promises to comprehensively expand cooperation in the next areas of development, strengthen the relationship between VinBrain and the world’s leading University, and take VinBrain further in the research of AI-developed solutions for worldwide patients.

About RadGraph: a novel method introduced by Prof. Pranav Rajpurkar (Harvard University) and Prof. Curtis Langlotz at Stanford. This collaboration works between Stanford University and VinBrain to address complexity, ambiguity, and limitations for interpreting medical images.

About DrAid™: a platform of comprehensive artificial intelligence (AI) doctor assistant software developed by VinBrain to assist medical teams and doctors in diagnosing heart, lung, liver, and bone diseases based on digital medical images. The platform is evaluated to have superior efficiency compared to traditional methods in observing and analyzing medical images, helping in reducing overload and improving early detection in diagnosis.

  • DrAid Radiology V1: An AI-enabled triage and notification software designed to aid the clinical assessment of adult Chest X-ray cases with features suggestive of pneumothorax. This software is FDA 510(K) cleared and apt for the US market.
  • DrAid™ Appliance: an AI-enabled system to classify an adult Chest X-ray between normal and nearly 60 abnormal findings with higher-than-average quality standards of primary care physicians

Hashtag: #VinBrain #Vingroup

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

About VinBrain

VinBrain is a leading AI healthcare products company, funded by Vingroup, the largest conglomerate by market capitalization in Vietnam. Its mission is to infuse AI and IoT to improve people’s lives and productivity.

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Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2022

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Laotian Times
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Hong Kong S.A.R – Media OutReach – 14 February 2023

2022 Annual Results – Financial Highlights

(Figures for the corresponding period in 2021 are shown in brackets)

  • Consolidated revenue: HK$ 561 million (HK$ 467 million)
  • Consolidated operating loss: HK$ 215 million (HK$ 358 million)
  • Consolidated net loss attributable to equity holders of the Company: HK$ 598 million (HK$ 825 million)
  • Basic loss per share: 29.34 HK cents (42.46 HK cents)
  • No final dividend (No final dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2022.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 561 million, representing an increase of 20% compared to the revenue of HK$ 467 million in 2021.

The Group’s consolidated operating loss amounted to HK$ 215 million, representing a decrease of approximately 40% compared to the operating loss of HK$ 358 million in 2021.

The consolidated net loss attributable to equity holders of the Company for the year of 2022 was HK$ 598 million, compared to the net loss of HK$ 825 million in 2021.

Basic loss per share for 2022 was 29.34 Hong Kong cents compared to the loss per share of 42.46 Hong Kong cents for the previous year.

The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2022.

As the world began to embark on the path of normality in 2022 following more than two years of COVID-19 pandemic, the Group’s business remained steady during the year. In particular in Asia, where various countries and regions relaxed their travel restrictions and reopened borders progressively, we have benefited from improved market sentiment.

Park Hyatt Niseko, Hanazono, our hotel operations in Hokkaido, turned in a satisfactory performance in 2022 year-on-year, mainly because Japan opened up its borders in October. In the month of December 2022, the occupancy was 62%, an increase from 38% recorded in the same period in 2021.

In Jakarta, Indonesia, the occupancy of our premium commercial building, Pacific Century Place, Jakarta (“PCP Jakarta”), remained stable throughout the year. At the end of December 31, 2022, the office space occupancy was 81%, compared to 80% the previous year.

In Phang Nga, Thailand, visitors to the golf clubhouse and the 18-hole golf course and the number of golf rounds increased notably during the year, thanks to the Thai government’s decision to ease travel restrictions progressively.

The foundation work for our property development project at 3–6 Glenealy, Central, has been progressing well since its commencement in the first quarter of 2022.

Global tourism arrivals are expected to increase further in 2023. Meanwhile, China’s reopening, together with ebbing inflation and slowing interest rate hikes, is likely to help bring Asia’s economic growth back on track.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “As the world is moving on from COVID-19, we take a cautiously optimistic outlook on the real estate sectors in Hong Kong, Japan, Thailand and Indonesia. Nonetheless, we will not lose sight of the challenges and uncertainties in 2023, such as inflation and a potential global recession. We will closely monitor market conditions and follow a prudent approach, while staying nimble in the way we operate our businesses in order to capture growth opportunities.”

Hashtag: #PacificCenturyPremiumDevelopments

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

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.

Luang Prabang Chokes Under Smoky Air as Crop Burning Season Begins

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Laotian Times
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A thick haze surrounded due to seasonal burning in 2022. ( Photo: Jason Rolan).

The AQI (Air Quality Index) readings in Luang Prabang have reached an unhealthy level this week, resulting in poor air quality for residents.

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Lao Conservation Trust for Wildlife Announces Move to New Location

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Laotian Times
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Veterinary experts provide medical attention for wildlife at the Lao Conservation Trust for Wildlife (LCTW)
Veterinary experts provide medical attention for wildlife at the Lao Conservation Trust for Wildlife (LCTW)

The Lao Conservation Trust for Wildlife has announced that it may need to release animals back into the wild as part of the process of relocation to a new facility.

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Govt Vows to Discipline Officials Accepting Bribes for Issuing Passports

By
Phontham Visapra
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Government Vows to Tackle Passport Bribery in Laos
Lao passport books (photo:shutterstock)

Following several reports on social media of officials accepting bribes via brokers for issuing passports, the Ministry of Foreign Affairs has taken stock of the situation and promised to take action.

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Lost Israeli Tourists Evacuated After Fleeing Fire in Luang Prabang

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Laotian Times
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Authorities in Luang Prabang rescue Israeli tourists on Thursday.
Authorities in Luang Prabang rescue Israeli tourists on Thursday.

A group of Israeli tourists was rescued in Luang Prabang on Thursday after fleeing a fire while camping near Pha Ngoy mountain. 

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Laos, Cambodia Strengthen Relations During Cambodian PM Visit

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Laotian Times
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Prime ministers of Laos (right) and Cambodia (left).

Lao and Cambodian Prime Ministers intend on deepening the relations between their two countries following the official visit of the Cambodian Prime Minister to Laos this week.

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Five Unique Romantic Hideaways to Take Your Partner in Laos

By
Jonathan Meadley
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Five Unique Romantic Hideaways to Take Your Partner in Laos
Woman walking at Nam Kat Yorla Pa ( Photo : Lao Thiao Lao )

Amid the celebration of all things love and romance, here are five uniquely beautiful destinations in Laos you can take your special someone for an unforgettable romantic getaway.

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