Singapore’s fastest-growing online car marketplace UCARS is integrating Artificial Intelligence (AI) and cloud computing into its platform together with Huawei to provide consumers with enhanced transparency, security, and satisfaction.
Car owners can now expect to sell their vehicles within three days at the highest prices when using the AI-enhanced tools provided by the UCARS platform. This is part of the company’s commitment to shifting the automotive industry towards a more modernized and customer-centric landscape, said a press release.Using an improved algorithm, the accuracy of each valuation on the UCARS AI Valuation Tool improves with every use. By getting a better estimate on the car’s value, consumers can sell their car on the UCARS platform with ease of mind knowing the amount they can expect to get back, and at a fraction of the usual time it would take on other automotive platforms.
Cho Kok Yick, Chief Technology Officer, UCARS, said, “We want to make the second-hand car selling process as safe and as easy as possible. This is why we are continuously investing in AI technologies. We are confident that by building a strong core in the area of deep tech, we will be able to power future growth in the automotive industry in a post-COVID world.”
With the help of Huawei Cloud, UCARS seeks to deepen consumers trust by integrating better infrastructure and cloud security into the platform and embarking on several AI-related projects to improve customer experience. This includes a Car Image Search Engine powered by machine vision and machine learning, as well as an enhanced AI Valuation Tool. All of them are developed on ModelArts, the AI platform of Huawei.