UCARS, a Singapore-based fast-moving online car marketplace, 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 sell their vehicles within three days at the highest prices using the AI-enhanced tools provided by the UCARS platform.
Using an improved algorithm, the accuracy of each valuation on the UCARS AI valuation tool improves with every use,reads a media statement issued by Huawei on Sunday.
By getting a better estimate on the car's value, consumers can sell their cars 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, the press statement claimed.
Cho KokYick, chief technology officer at 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."
With the help of Huawei Cloud, UCARS seeks to deepen consumers' trust by integrating better infrastructure and cloud security into its 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.
Now consumers can identify the automaker and model of a car using images alone. With machine vision, image recognition can be utilised to find a specific vehicle that consumers desire, the press release said.
Daniel Zhou, president at Huawei Cloud and AI Group for the Asia Pacific, said, "This is a really exciting time, when we see more companies harnessing the power of AI to change the way they do business."
"Huawei is excited to embark on this journey with UCARS to help digitalise and deepen consumer trust in the automotive industry as well as to improve the customer journey and experience," he added.