Treasure Global Inc. (NASDAQ: TGL) had a big spike in the value of its shares, rising 27.14% to close at $4.45. Although there was no immediate news at the time of this spike, new information has shown TGL’s direction.
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Treasure worldwide (TGL) has announced a ground-breaking partnership with Silica-AI (SAI), a well-known artificial intelligence (AI) technology company leading a revolution in the worldwide business. Through the use of TGL’s broad market reach and industry experience, along with SAI’s cutting edge AI technology, this strategic collaboration seeks to spur innovation in artificial intelligence (AI) and the Internet of Things (IoT) throughout Southeast Asia.
Southeast Asia offers a perfect setting for integrating AI and IoT as it is at the forefront of technical advancement and digital transformation. The AI industry has attractive opportunities for both parties, with an estimated compound annual growth rate of 17.83% from 2024 to 2030 and a projected market volume of US$26.89 billion at that time.
TGL is dedicated to using the potential of IoT and AI to promote innovation and advance enterprises. Its collaboration with Silica-AI represents a critical turning point in Southeast Asia’s advancement of AI technology. For local companies, this partnership offers a number of benefits.
Through the utilization of AI algorithms to examine client data and IoT sensors to track interactions in real time, companies are able to provide customized product suggestions based on individual preferences. While AI algorithms enhance inventory management to prevent shortages and expedite replenishment procedures, Internet of Things (IoT) sensors in warehouses and retail locations help with inventory monitoring and demand forecast.
Moreover, organizations may use dynamic pricing methods to maximize income by implementing real-time data from IoT sensors coupled with AI algorithms that analyze market patterns. Businesses may create customized campaigns that connect with their audience and increase engagement and conversion rates by using AI to analyze consumer data and IoT devices to provide tailored marketing messages.
With their combined strength, resources, and vision for AI-driven innovation, Treasure Global and Silica-AI are well-positioned to transform the AI and IoT landscape in Southeast Asia and bring in a new age of digital excellence and technical growth.
