Grab Says AI Helps Company Move Items 30% Faster

Singapore-based ride-hailing/delivery platform Grab is touting its artificial intelligence (AI) use amid increasing revenues. “AI is now embedded in the Grab way of life, whether it’s in our products or the way we work,” Peter Oey , chief financial officer of the ride-hailing and delivery platform, told CNBC in an interview published Tuesday (Aug. He said AI has helped Grab ship goods more than 30% faster, which means better margins and a more efficient cost structure, the report said.