The Straits Times: US-Based AI Firm DataRobot Set Up Research Centre in Singapore with $15 million Investment

United States-based DataRobot has announced plans to set up a $15 million research and development (R&D) centre in Singapore. The company, which set up a sales office in Singapore in 2014, will expand its workforce here from 10 to 50 by 2019 and base its regional headquarters in Singapore, it said on Tuesday (Nov 21).

Close to half of the new hires will be for technical roles in the company, whose artificial intelligence (AI) software has been used globally to detect fraudulent insurance claims, set competitive pricing and predict financial loan defaults.

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