On January 16, 2025, Smart City Development Holdings (HK. 8268) announced that the company has signed a strategic cooperation memorandum with OAM Global Limited (OAM Global) to promote the development and implementation of AI computing labs and AI assistants (AI Agent). According to the memorandum, the company plans to utilize OAM Global’s professional knowledge in the field of machine learning and algorithmic trading to further develop smart city infrastructure. Through this cooperation, the company will introduce AI computing labs and AI assistants to enhance its smart city service capabilities to meet the future demand for artificial intelligence technology in smart cities.
Under the cooperation framework, the company can provide space for the construction of AI computing labs. OAM Global is responsible for building and operating these labs, providing the necessary computing resources for the company, and promoting the application and development of smart technologies in various urban service areas. The construction of AI computing labs aims to provide efficient computational support for the infrastructure of smart cities, thereby improving the overall efficiency of the system.
OAM Global will develop a solution called OAM AI Assistant (AI Agent), which aims to provide convenient life assistance services for the company’s customers. The AI assistant system will be integrated into the company’s service system to optimize customer experience.
Mr. Raymond, Market Development Director of OAM Global, said: “The cooperation with Smart City Development Holdings will be a significant milestone, not only bringing technological breakthroughs but also injecting new vitality into the entire Asia-Pacific market.”
The board of directors of Smart City Development Holdings believes that signing the strategic cooperation memorandum aligns with the company’s development strategy and the overall interests of the company and its shareholders. The memorandum allows both parties to utilize their respective strengths, resources, and professional knowledge to establish a stable and mutually beneficial strategic relationship for the development and construction of smart cities, as well as expanding the company’s revenue sources, bringing higher returns to shareholders.
About OAM Global
OAM Global is an international asset management company specializing in providing cutting-edge algorithmic trading solutions. The company advocates for the synergy of technology, community, and capital value. OAM Global is committed to delivering high-quality investment returns through advanced technology and innovative financial products. By continuously exploring new financial technologies, OAM Global aims to drive industry advancement and create greater value for its clients.
About Smart City Development Holdings
Smart City Development Holdings (HK. 8268) is a Hong Kong-listed company focused on the development of smart city infrastructure. The company leverages artificial intelligence and machine learning technologies to enhance the efficiency and quality of urban services. Through strategic partnerships with industry leaders, Smart City Development Holdings continuously drives innovation and development in smart cities, providing residents with smarter and more convenient living experiences.
Media Contact
Company Name: OAM Global Limited
Region: Hong Kong
Email: contact@oam-global.com
Contact Person: Andrew Kang
Website: https://www.oam-global.com
Source: https://finance.sina.com.cn/stock/hkstock/ggscyd/2025-01-16/doc-inefenpt6662234.shtml?cref=cj
The post Smart City Development Holdings (08268) and OAM Global Sign Strategic Cooperation Memorandum to Promote AI Computing Lab and AI Assistant Development appeared first on Insights News Wire.
