917Ventures, a wholly-owned corporate venture builder of the Globe Group, is making a daring move into the field of generative artificial intelligence (AI) in an effort to strengthen its technological capability.
The paradigms of digital innovation are being redefined by this cutting-edge AI technology, which is renowned for its capacity to generate text, images, and other types of media on its own.
The creation, innovation, and operation of individuals and organizations could be revolutionized by generative AI, which would result in more effective, individualized, and futuristic operations.
“We are building generative AI products to strengthen our tech capabilities. For 917Ventures, the goal is to really strengthen our telco-to-techco strategy and to build the next generation of great companies in the country by maximizing all of the assets of the Globe Group,” according to 917Ventures Managing Director Vince Yamat.
917Ventures will keep expanding KonsultaMD, its digital health solution, for the rest of the year. In order to support Filipino micro, small, and medium-sized enterprises (MSMEs), it is also optimistic about B2B software as a service (SaaS).
In keeping with its dedication to sustainability, 917Ventures is also investigating a number of climate technology ideas. By the fourth quarter of 2023, Metro Manila will be able to purchase Gogoro smart scooters and cutting-edge battery-swapping technology thanks to a partnership between Gogoro and Ayala Corporation, according to 917Ventures' Gogoro Philippines.
917Ventures has a distinguished history of helping to develop and support business owners. It has evaluated more than 500 concepts so far and started 26 businesses.
917Ventures added three additional portfolio firms to the market this year, bringing its total to 14. These include PetPal, which provides quick and easy pet care and lifestyle solutions; Housify, a broker productivity suite built to deliver top-notch leads and unmatched support; and Capitan, a tech-driven consulting firm devoted to assisting Filipino business owners.
917Ventures said that its e-commerce platform, RUSH, has acquired and served 1,400 merchants this year, further highlighting its accomplishments. Furthermore, KodeGo's online boot camp has successfully graduated 1,440 students.
917Ventures is strengthening its reputation as a pioneer in technology innovation and entrepreneurship with its strategic entry into generative AI and ongoing initiatives in numerous industries. As the business expands into new areas, it stays committed to its goal of using technology for the benefit of people and the environment.
917Ventures is Globe’s corporate venture builder that ideates, launches, accelerates, and scales new businesses that have the potential to grow.
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