Thursday July 18, 2019
Home Lead Story Huawei Opens ...

Huawei Opens its Largest Flagship Store Outside China: Report

Huawei is the world’s leading company in 5G. The Chinese company said it has already won 50 5G contracts globally

0
//
china, 5G
FILE - A woman stands at the booth of Huawei featuring 5G technology at the PT Expo in Beijing, China, Sept. 28, 2018. VOA

China’s technology giant Huawei has opened in Madrid its largest flagship store outside China.

The two-storey, 1,100-square-metre shop is located in Madrid city centre, where the customers can experience Huawei’s latest technologies, including 5G and artificial intelligence applications, and enjoy the products it has launched such as smartphones, tablets as well as personal computers, Huawei’s Consumer Business Group for the Western European Region President Walter Ji said.

More than 1,000 people came to the new flagship store on the opening day, Xinhua news agency reported.

huawei
FILE – The logos of Huawei are displayed at it retail shop window reflecting the Ministry of Foreign Affairs office in Beijing, Jan. 29, 2019. VOA

On June 15, Vodafone Espana, in cooperation with Huawei, rolled out the first commercial 5G mobile services in Spain, making it one of the first European countries with the ultrafast mobile network in Europe.

Vodafone announced that it is offering 5G roaming in four European countries — Britain, Germany, Spain and Italy over the summer.

Also Read: New Technology May Help Indian Farmers Double Income

On May 30, mobile network operator EE launched Britain’s first 5G service, using Huawei equipment.

Huawei is the world’s leading company in 5G. The Chinese company said it has already won 50 5G contracts globally. (IANS)

Next Story

Real Estate Companies in India, China Adopting Artificial Intelligence

Additionally, the rising adoption of the machine and deep learning technologies by companies to automate their business model is also considered as one of the major factors contributing to this regional market’s growth, said the report

0
Artificial Intelligence Bot
Artificial Intelligence Bot. Pixabay

The real estate companies in India and China are fast adopting Artificial Intelligence (AI) technology in the development of applications that comprise machine vision for easy analysis and surveying of buildings and structures.

Asia Pacific that contributes nearly 40 per cent in the global construction market, is estimated to be the fastest growing “AI-in-construction” market by 2024, Zion Market Research said on Monday.

The growth in Asia-Pacific “is owing to the extensive adoption of the AI-based platforms, such as machine learning and deep learning, code frameworks, and pre-built algorithms by the real estate companies in emerging economies, such as China and India”.

Additionally, the development of creating information modelling is software that gives information on a construction project, warranty details regarding material used, and commissioning data.

This has resulted in increased AI adoption by most of the construction start-ups globally for various applications, the findings showed.

According to the report, the global “AI-in-construction” market was valued at $312 million in 2017 and is expected to reach $3,161 million by 2024.

artificial intelligence, nobel prize
“Artificial intelligence is now one of the fastest-growing areas in all of science and one of the most talked-about topics in society.” VOA

“The construction sector is adopting AI to obtain precise data and insights to increase productivity, operational efficiency, and ensure safety at work. AI operates on algorithms related to image recognition to find out search criteria,” said the report.

In addition, the need for safety measures on construction sites is also projected to drive this market’s growth.

“Furthermore, huge investments made by construction companies from the emerging economies globally in the adoption of the advanced AI technology for construction applications is also likely to contribute toward the global growth of the AI-in-construction market,” the findings showed.

Also Read: Tech Giants to Face US House Hearings on Anti-trust, Cryptocurrency

Europe is projected to witness a remarkable rate of growth in the global “AI-in-construction” market in the upcoming years, due to the huge investments made by construction companies in AI technology for support, training, and digital platform.

Additionally, the rising adoption of the machine and deep learning technologies by companies to automate their business model is also considered as one of the major factors contributing to this regional market’s growth, said the report. (IANS)