IngDan Labs Announces Disruptive K-System to Unleash AI Industry Potential

HONG KONG, July 2, 2017 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce IngDan Labs, its research unit, has launched an open Artificial Intelligence ("AI") platform – the IngDan Labs' Kepler System ("K-System"). The K-System is currently powered by the latest Microsoft's AI services and Allwinner's AI chipset, and will integrate more AI services from other providers and work with more other AI chips manufacturers in the near future. With "openness" as a key feature and its "enabling" function, the goal of the new platform is to address the key pain points of AI applications, and provide traditional enterprises and AI startups with an end-to-end easily-customizable AI turn-key solution. With K-System, IngDan Labs hopes to solve the current AI application bottleneck problems, enable the wide and rapid applications of AI technology, and unleash the power AI to vertical applications, which could potentially result in new business demand for Cogobuy in terms of AI services and AI chips distributions, and AI technology and innovation services.

AI vertical applications are far behind its technology development. Currently such technologies and services remain largely in the hands of a few large companies. Such a closed system creates "isolated digital islands," causing a lack of compatibility in user interaction, data, knowledge, and services, hindering the fusion of data, thus the development and deployment of the AI technologies and applications.

IngDan Labs developed the completely open and disruptive K-System to address these issues. It provides an open turn-key AI solutions from hardware and software, to cloud and data services, facilitates easy customization for AI products and services in design and manufacturing, and accelerates the application development for enterprises adapting AI technologies. The K-System eliminates limitations of traditional closed cloud service bounded platforms, provides a unified API that can be connected to different cloud services, lowers the barriers of "isolated digital islands", and enables data sharing and trading under the permission of users by introducing the new "data bank" concept and solution.

The platform was created through a cooperation between IngDan Labs, Microsoft, and Allwinner. Dr. Ming Zhou, Assistant Managing Director of Microsoft Research Asia, commented, "Through IngDan Labs' K-System, we are able to offer Microsoft's technologies and services to more developers, and obtain valuable feedbacks from those developers on the products they launch."

Chief Technology Officer of Cogobuy and IngDan, Dr. Shipeng Li, said: "AI is found playing a more and more important role in our daily lives, including applications across our home appliance, vehicles, healthcare and other areas. It is inevitable that more and more applications will be powered by AI. At IngDan Labs, as a pioneer in the AI industry with a world-class R&D team, we have in-depth expertise in AI area, understand well companies' needs when deploying AI technologies, and provide value-added innovative technical solutions to large corporations, entrepreneurs, innovators and startups. We are actively working to accelerate AI applications in traditional industries, helping them to evolve faster.

According to market research, China's domestic AI industry is estimated to grow three times compared to 2016, to approximately RMB 34.4 billion in 2019. This also represents huge business potential. Looking forward, IngDan Labs will continue to develop the critical solutions and services for Internet of Things ("IoT") companies, AI companies, and all companies who can benefit from AI. It will also encourage mature product prototypes and technologies to spin off into new companies, while enjoying strong support from Cogobuy, IngDan supply chain and the large number of projects on IngDan platform. "

Dr. Shipeng Li was also recently appointed as Joint Secretary-General in the AI Industry Technology Innovation Strategic Alliance ("Alliance") backed by the Ministry of Science and Technology of China, introduced in the first World Intelligence Congress last week, to establish and maintain China's leading position in AI development. Comprised of top industry experts, the Alliance is committed to integrating various resources to the AI industry in China, promoting the AI technology transfer, and accelerating the application of AI technologies in society and different industries.

About Cogobuy Group
Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale, and post-sale stages. The Company serves mainly SME electronics manufacturers.

For further information, please refer to the Company's website at http://www.cogobuy.com/

About INGDAN.com
INGDAN.com is a platform dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data and supply chain demand docking for global IoT innovators and entrepreneurs. It is a one-stop hardware innovation business platform with its core being the "supply chain."

For further information, please refer to the Company's website at http://www.ingdan.com/

About AI Technology Innovation Strategic Alliances
AI Technology Innovation Strategic Alliance is evolved from former AVS technology innovation Strategic Alliance under the guidance of Ministry of Science and Technology of China. Directed by the Ministry of Science and Technology and Chinese Academy of Engineering, it is launched with the new generation of AI project – a state key technology research initiative. Alliance members are over 60 top-tier AI technology giants and innovative start-ups including Baidu, Alibaba, Tencent, Lenovo, Digital China, JD.com etc., and IngDan Technology, Horizon Technology, SenseTime Technology, Megvii (Face++) Technology, CloudMinds Technology and UISEE Technology, etc.

SOURCE Cogobuy Group

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