YY Group Holding Limited (NASDAQ:YYGH) shares gained 33.29% to $0.20 in after-hours trading on Wednesday after the company announced new AI and robotics initiatives.
YY Group is a Singapore-based workforce management and integrated facility management company that provides AI-powered workforce solutions for industries including hospitality, retail and food services.
AI Robotics Expansion Drives Gains
YY Group said on Wednesday, that its new Singapore humanoid robotics training lab will support the company’s AI training data strategy and operate using NVIDIA accelerated computing technology. The lab will work alongside the company’s existing AI training and data collection facility in Johor, Malaysia.
YY Group said both facilities will collect structured real-world workforce data to help train and improve service robots that can work alongside human employees. The company also announced pilot deployments of humanoid robots at a major shopping mall and a luxury hotel in Singapore to gather operational data and improve robot performance in real-world environments.
