Wednesday, December 4, 2024
HomeStartup NewsHong Kong-Based Jardine Matheson Partnered with Tau Intelligence

Hong Kong-Based Jardine Matheson Partnered with Tau Intelligence

Singapore-based generative AI startup TAU Intelligence has partnered with Jardine Matheson and Intel to launch resource-efficient AI solutions.

TAU Intelligence announced that the strategic collaboration will deploy two Jardines Matheson proofs-of-concept on legal contract evaluation and customer service to advance generative AI.

The Jardines Matheson team fine-tunes a moderate-sized Large Language Model for TAU Intelligence on-premises. This strategy distinguishes this partnership from many other AI efforts addressing comparable use cases.

Importantly, this strategy prevents data from being used for training or kept by the LLM provider.

Read also- India-Based Aereo Secures $15 Million in Series B Round Funding

Preliminary results show that this approach maintains high accuracy and output quality when reviewing and analysing legal contract provisions and common user queries while saving energy and computing power.

Since 2022, TAU’s intensive research and development has highlighted massive LLMs’ exorbitant costs, data security risks, and environmental effect. Other research show that popular LLMs use 15 times more energy than web searches, increasing environmental concerns.

Read also- Singapore-Based Chitose Group secures Around $6.2 Million in Funding

TAU tackles these challenges by deploying smaller, domain-specific LLMs that function locally within a company’s environment to provide resource-efficient AI and data sovereignty. This collaboration’s solutions will be tested on Intel’s next-generation Xeon® processors for data centres, clouds, and edges.

The cooperation will use Intel Xeon® processors to boost performance per watt in AI, data analytics, HPC, and other workloads with industry-leading Intel accelerator engines.

“The approach on these PoCs is distinct from the current trend where LLMs are rapidly expanding in size and consumption of energy and computing power, By focusing on domain-specific knowledge, we can fine-tune AI models in order to deploy smaller LLMs in a safe manner, mitigating the problem of hallucination and ensuring the responsible use of AI,” said Professor Lam Kwok Yan, Co-founder of TAU Intelligence and a renowned AI Safety researcher based in Singapore.

The collaboration with Jardines means enterprises are developing ethical and resource-efficient AI solutions, setting a standard for AI innovation and sustainability.

Anne O’Riordan, Group Digital Director at Jardine Matheson, said this collaboration highlights Jardines’ ongoing efforts to develop, test, and deploy AI to position their businesses for the future. These PoCs tackle real business challenges, enhancing operations by combining high-quality output with resource efficiency – while ensuring the security of our proprietary data, We’re excited to see the results of this engagement and by the potential for future collaboration,” she added.

About Jardine Matheson

Jardine Matheson, a diversified Asian corporation founded in China in 1832, with unmatched regional expertise. Its extensive portfolio of market-leading enterprises includes cash-generating operations and long-term property assets that are well matched with the region’s growing customers.

About Tau Intelligence

TAU Intelligence seeks to increase efficiency and productivity in the fields of conversational AI, law, and cybersecurity.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular