Microsoft invests in Southeast Asia’s ride-hailer Grab

Ride-hailing firm Grab grabs more investment money, this time, from Microsoft.


Aloysius Low/Techhnews

Microsoft wants in on ride-hailing action in Southeast Asia, and it’s doing it with Grab.

Grab, who beat out rival Uber earlier this year in the region, has been seeking investments of $3 billion by the year-end, and has already raised $2 billion, according to a Reuters report. Both Microsoft and Grab declined to provide a figure of the deal when asked.

The partnership will see Grab working with Microsoft on various topics, including authentication mechanisms involving facial recognition, fraud detection using Microsoft’s Azure, natural language processing for a Grab chatbot and recommendation engines using machine learning.

“We’re excited to team up to transform the customer experience as well as enhance the delivery of digital services for the millions of users who rely on Grab for safe and affordable transport, food and package delivery, mobile payments, and financial services,” said Peggy Johnson, executive vice president at Microsoft in a statement.

“This partnership signals a deep collaboration with Microsoft on an array of technology projects, including big data and artificial intelligence, that will transform the delivery of everyday services and mobility solutions in Southeast Asia,” said Ming Maa, president of Grab in the same statement.

Follow the Money: This is how digital cash is changing the way we save, shop and work.

Techhnews Magazine: Check out a sample of the stories in Techhnews’s newsstand edition.

Source link


Leave a Reply

Subscribe to our newsletter

Join our monthly newsletter and never miss out on new stories and promotions.
Techhnews will use the information you provide on this form to be in touch with you and to provide updates and marketing.

You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at newsletter@techhnews.com. We will treat your information with respect.

%d bloggers like this: