Shares of business and technology advisory services provider VCI Global (NASDAQ:VCIG) are up in double digits at the time of writing today after the company entered into talks with Fusionex Group on providing AI and big data services to its customers.
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While primarily focused on Southeast Asia, VCI is also looking at worldwide opportunities. The company will harness Fusionex’s Analytics GIANT solution to cater to its clients. The latter is an expert in big data, machine learning, AI as well as analytics.
The Managing Direction for New Technologies at Fusionex, Jacob Isaac commented, “The partnership with VCI Global serves as an impetus to augment their offerings with our technology solutions and expertise.”
According to VCI, the global AI market was estimated between $110 billion and $120 billion last year.
With today’s price gains, VCI shares are now up nearly 22.7% in the past five sessions.
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