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Japan's Nikkei buys stake in Singaporean AI startup DC Frontiers

Japanese media company Nikkei Inc. said it purchased a 14.79% stake in Singapore-based artificial intelligence startup DC Frontiers Pte. Ltd.

As part of the deal, the Tokyo-based publisher will work with DC Frontiers, or DCF, to improve scoutAsia, a data and news service launched by Nikkei and Financial Times in 2018. DCF's AI and machine learning technologies will be used to improve the accuracy and efficiency of scoutAsia's news monitoring and corporate information search functions, as well as jointly develop various features on the platform that will be available from October.

Founded in 2011, DCF provides services to financial and nonfinancial corporations, as well as Asian government institutions. Its AI technology is used for applications such as article tagging and the creation of connection maps that visually represent relationships between companies, individuals and capital investment.