Blockchain platform SingularityNET and Chinese insurance company Ping An will cooperate in the field of artificial intelligence and will launch a number of joint initiatives. This was reported in the blog project.

As the head of the AI-direction Ping An, Bai Meng, the company is interested in commercial application of the technology of optical character recognition, cross-validation (Cross Validation) and machine learning offered by the ecosystem SingularityNET.

In the future, the solution platform can be used in such AI-Ping An initiatives like Smart City and One Minute Clinic.

Ping An is the largest insurance Corporation in the world. As of January 2018, the company’s capitalization was estimated at $217 billion shares of Ping An are included in the Hang Seng Index — composite index of the 50 largest companies listed on the Hong Kong stock exchange.

We will remind, in the end of 2017 SingularityNET raised $32.8 million in ICO. The token project was in the listing crypto currency exchange Binance.

On the news about the cooperation with Ping An the price of a token SingularityNET (AGI) Thursday morning, March 14, went up rapidly in a short period of time rising to the peak of more than 13% after corrected.