Top 10 AI News Updates You Should Not Miss

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8. VCI Global Ltd (NASDAQ:VCIG)

Number of Hedge Fund Holders: 1

VCI Global Ltd (NASDAQ:VCIG) is a diversified holding company that offers consulting, AI, robotics, and cybersecurity services through its various subsidiaries. The VCI Global AI Center focuses on deploying GenAI solutions, with a focus on creating tailored versions of large language models (LLMs) and developing emotion analysis and intention recognition capabilities. Elsewhere, the company’s Avarai post-harvest robotics system uses ML and AI algorithms to drive innovation in the agricultural sector.

On January 23rd, VCI Global Ltd (NASDAQ:VCIG) made progress in acquiring digital marketing firm Roots Digital for $2.2 million to bolster its capabilities in social media advertising, paid media, and SEO capabilities.

“With this acquisition, we are excited to expand in Singapore, with this move paving the way for future acquisitions that will broaden our offerings and add greater value to clients. The acquisition also serves as a strategic move that will synergize our other key strengths, such as IPO consultancy and AI-related services,” said Dato’ Victor Hoo, CEO of VCI Global.

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