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Malaysia Takes The Lead In AI Development With New National AI Office

by THEFUTURE.TEAM

December 12, 2024

Malaysia has taken a bold step toward becoming a regional leader in artificial intelligence (AI) with the launch of its National AI Office. This new centralised agency aims to spearhead AI-related policies, oversee regulations, and accelerate the nation’s digital transformation.

A Major Milestone in Malaysia’s Digital Journey

Prime Minister Anwar Ibrahim called the establishment of the office a “historical moment” for Malaysia’s ongoing digital transformation. The office will be responsible for strategic planning, research and development, and regulatory oversight, according to official information shared on its website.

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As part of its ambitious agenda, the National AI Office has outlined seven key deliverables for its first year. These include:

Developing a Code of Ethics for AI
Creating an AI Regulatory Framework
Designing a Five-Year AI Technology Action Plan (2025-2030)

These initiatives aim to position Malaysia as a pivotal hub for AI development in Southeast Asia.

Partnerships with Global Tech Giants

The launch also marked the announcement of strategic partnerships with six major technology companies, including Amazon, Google, and Microsoft. Over the past year, these global firms have committed to developing data centres, cloud infrastructure, and AI projects in Malaysia, reinforcing the country’s position as a destination for high-tech investment.

AI Driving Economic Growth

Digital ventures have significantly contributed to Malaysia’s economic growth. In 2024, the country’s information and communications sub-sector attracted 71.1 billion ringgit ($16.06 billion) in approved investments, according to Malaysia’s investment authority.

This influx of foreign direct investment (FDI) underscores the country’s growing status as a digital economy powerhouse. The establishment of the National AI Office is expected to further bolster investor confidence, promote innovation, and create a robust regulatory environment for the adoption of AI technologies.

With its strategic partnerships, clear regulatory goals, and a structured roadmap for AI development, Malaysia is positioning itself as a key player in Southeast Asia’s digital economy. By 2030, the country aims to be at the forefront of AI innovation, ensuring sustainable growth and technological leadership in the region.

This latest initiative highlights Malaysia’s forward-thinking approach to harnessing the potential of AI, attracting international investment, and establishing itself as a leader in the global AI landscape.

AI Startup InsureVision Secures $2.7M To Predict Car Crashes Before They Happen

by THEFUTURE.TEAM

March 12, 2025

Imagine a world where your car doesn’t just react to accidents—it predicts them before they unfold. That’s the bold vision behind InsureVision, a London-based AI startup that just closed a $2.7 million seed round to turn predictive crash prevention into reality.

Why This Matters

Backing from State Farm Ventures, Rethink Ventures, and Twin Path Ventures signals serious industry confidence. State Farm, one of the world’s largest insurers, rarely bets on early-stage startups, making its participation a major endorsement of InsureVision’s tech.

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The Tech: AI That “Sees” Like A Human

Founded in 2023, InsureVision has built an AI system designed to process real-time video from standard car cameras—an approach they call “enviromatics.” Unlike conventional GPS-based trackers that assess risk through raw data points like speed and braking, InsureVision’s AI interprets the full driving environment.

Here’s the difference:

Traditional systems might flag sudden braking as reckless.
InsureVision’s AI understands that a pile-up ahead is the real risk and recognises defensive driving rather than penalising it.

Who’s Buying In?

The advanced car safety tech market is projected to grow from $21 billion today to $40 billion by 2030, and InsureVision wants a sizable cut. Its AI could reshape risk assessment for:

Insurance companies offering personalised pricing based on actual driving behaviour.
Fleet operators (think Uber, logistics firms) seeking real-time risk monitoring.
Automakers integrating AI-driven safety features to comply with evolving regulations.

Next Steps

Trials with major U.S. insurers are underway, with Japan next in line for expansion. Results from these pilots are expected by mid-2025.

“We’ve built a vision transformer—an AI that learns from what it sees, not just mechanical data like speed or acceleration,” says CEO Mark Miller. “This brings real-world context into risk assessment, making it a fundamentally more human approach.”

For investors and industry insiders, the bet is clear: If InsureVision delivers, it won’t just improve road safety—it could redefine the economics of auto insurance.