PETALING JAYA: Dagang Nexchange Bhd (DNeX), via subsidiary Genaxis Sdn Bhd, has signed a joint-venture (JV) and shareholder agreement with Agorai Pte Ltd to provide artificial intelligence (AI) consulting services.
Under the agreement, both companies will set up a JV company in Switzerland with an operating office in Malaysia, which will provide AI-related consulting services on a global scale. The JV company will be 50% owned by DNeX.
DNeX will invest US$5mil in this exercise, where the company will receive a minority convertible equity investment in Agorai, as well as an enterprise development licence to Agorai’s AI toolkit, which includes deep learning, machine vision and natural language understanding tools.
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