Thailand Set to Challenge the US and UK in the AI Race

Aug 25, 2023

Thailand’s tech landscape is poised for a ground-breaking transformation as Cyferd, a disruptor in artificial intelligence (AI) solutions, announces its strategic expansion into the ASEAN market. With Cyferd’s new regional headquarters set to be situated in Silicon Tech Park within Thailand’s $40 billion Eastern Economic Corridor (EEC), Cyferd is set to revolutionize the region’s AI capabilities and propel Thailand onto the international stage of AI innovation.

Cyferd stands as a distinctive force in the tech realm due to its unparalleled ability to rapidly evolve and stay ahead of the curve, thereby future-proofing businesses as they grow. What sets Cyferd apart is its dynamic platform and AI powered software that writes software, designed to adapt seamlessly so that as businesses change, the platform changes with it. This ensures that a company’s digital transformation remains aligned with the constantly evolving business landscape, enabling competition on a global scale.

Thailand’s proactive approach to partnering with Cyferd demonstrates the nation’s remarkable commitment to driving progress in the AI race. This is a testament to Thailand’s forward-thinking leadership, underlining the nation’s determination to harness the potential of AI technology for the betterment of its people and the elevation of its global standing. Thai entrepreneur and business tycoon, Pairoj Piempongsant agreed that “collaborative partnerships, particularly with trailblazing nations like the UK, are pivotal in propelling us forward.” Thailand’s alliance with Cyferd reflects its intent to leapfrog into the forefront of AI innovation while inspiring the entire ASEAN region. Founder and CEO of Cyferd, Ranjit Bahia, added, “We believe that the ASEAN market holds tremendous potential, with 100 million people in Thailand and 700 million across the region. We’re eager to show how AI can optimize the way businesses operate and propel this dynamic region into the stratosphere of the global AI race.”

This partnership is announced just one week after the UK government organized UK AI Week in Bangkok, signifying an earnest commitment to advance technological frontiers. The UK also held the first UK-Southeast Asia Tech Week earlier this year marking a strategic effort to cultivate digital innovation, paving the way for an enriched economic landscape on both sides. With Southeast Asia’s internet economy primed to surge past $360 billion by 2025, and ASEAN’s digital economy geared up to reach a staggering $1 trillion by 2030, it is no wonder an increasing number of foreign businesses are forging relationships within this region.

Cyferd Asia will begin on a transformative journey poised to reshape key sectors in Thailand, including education, healthcare and tourism. Their mission is to revitalize these sectors, driving economic growth and innovation. This holistic approach will not only enhance the quality of education, healthcare and tourism offerings, but also position Thailand as a beacon for foreign tourists and healthcare travelers, fostering economic prosperity for the nation. The worldwide medical tourism market currently sits at around $30 billion, with significant growth expected over the next 5 years. An increasing number of individuals gravitate towards Asia for medical treatment, attracted by superior quality care and reduced wait times. Esteemed medical tourism hubs such as Malaysia and Singapore have firmly established themselves among the elite global destinations, showcasing Asia’s potential to shine as a leader. A boost in Thailand’s economic growth, innovation and technology could see the country coming out on top for medical tourism before the end of this decade.

In a resounding commitment to unleash the potential of the ASEAN market, Cyferd Asia is proud to unveil collaborations that hold the promise of reshaping industries and enriching lives across the region. This unified vision resonates with the University of the Thai Chamber of Commerce, where their director expressed enthusiasm for the partnership, stating, “We are delighted to embark on our transformative digital journey with Cyferd Asia. This collaboration is a significant step towards becoming a digital-first institution and ensuring our students and staff benefit from a seamless and technologically advanced learning and teaching environment.” With these powerful alliances, Cyferd Asia is forging a new era of innovation that will undoubtedly steer the ASEAN region toward the forefront of the global AI landscape.

About Cyferd:

Cyferd is a pioneering technology company that helps transform businesses through its centralized data approach. Cyferd is on a mission to empower organizations to streamline processes, improve efficiency, and enhance user experience. The platform eliminates the need for disparate systems, and Cyferd’s proprietary offering is an unparalleled AI engine called Neural Genesis, that can build bespoke operational applications in a few minutes with the aim of resolving a business’ challenges. This ground-breaking innovation is set to transform not only the tech industry but all industries, making Cyferd a catalyst for positive change in the global business landscape.

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