The new agreement will see both companies establishing a joint lab for research in high-performance computing, AI, security, and field-programmable gate arrays.
"The two parties will explore joint development in technology areas including AI, high-performance computing, visual computing and FPGAs using the full range of Intel's data-centric portfolio,” says Rose Schooler, corporate vice president of the Sales and Marketing Group and general manager of the Data Center Group at Intel.
Ping An Technology already develops technologies to support five ecosystems, including financial services, health care, auto services, real estate services, and smart city services. It is looking to gain an edge on AI and cloud technologies with the Intel partnership.
The joint lab will underpin the companies’ efforts to create an open ecosystem for innovation using Ping An Cloud.
"Partnering with Intel will give Ping An an edge to boost our cloud technologies and to supercharge our AI-based services and solutions,” says Ericson Chan, chief executive officer at Ping An Technology.
“We plan to innovate and support an open ecosystem Ping An Technology's Ping An Cloud," adds Schooler.
Ping An Technology is also looking to drive its leadership in financial private and public cloud computing with this joint initiative, and make Ping An Cloud a platform innovation.
“We will further strengthen our data protection with Intel hardware-enabled security in finance and healthcare, two areas where it is so critical," adds Chan.
According to the joint announcement, both companies said that they will jointly create more competitive products and services together for "minimizing costs and maximizing efficiency" in technology innovation.
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