Artificial intelligence and machine learning (AI and ML) are rapidly becoming ubiquitous features of modern life.
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AI adoption globally is 2.5 times higher in 2022 than in 2017
AI market size expected to reach US$407bn by 2027 (2022*: US$87m)
Projected annual growth rate of 37.3% from 2023 to 2030
Over 75% of consumers are concerned about companies using AI – addressing these apprehensions will be crucial
But 65% of consumers say they’ll still trust businesses that use AI – companies using AI responsibly and transparently can maintain consumer confidence and harness AI’s potential to improve customer experiences
* Estimated.
AI is core to what we do and how we do it, and we are determined to use it as widely and as well as possible – making better and better use of AI, to improve everyday life for billions of people around the world.
We ensure we develop and deploy AI as quickly as possible to support business growth, and innovate and improve our competitive ability. And we seek to always do this in the right way – by design, ethically and responsibly.
Robust principles on how we develop and deploy AI:
Ahead of increased regulatory scrutiny, we have formal policies on responsible and ethical use of AI, data privacy and sharing, cybersecurity and more.
Across the group, we apply data science and AI in numerous ways to add value for customers, partners and the business, and to fulfil our purpose: better product recommendation, fraud prevention, content moderation, logistics optimisation and more. We also use AI to develop new products and concepts across our segments, such as content creation and search in Edtech.
We engage with several data-science-for-social-good initiatives, dedicated to adopting AI in projects with a positive social impact.
Company secretary
L Bagwandeen
Suite 15, Third Floor
Oxford & Glenhove
116 Oxford Road
Houghton Estate
Johannesburg 2196
South Africa
cosec@naspers.com
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40 Heerengracht
Cape Town 8001
South Africa
PO Box 2271
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South Africa
Tel: +27 (0)21 406 2121
Fax: +27 (0)21 406 3753
Website: www.naspers.com
Registration number
1925/001431/06
Incorporated in the Republic of South Africa
JSE share code: NPN ISIN: ZAE000015889
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PricewaterhouseCoopers Inc.
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JSE Investor Services Proprietary Limited
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Investor relations
Eoin Ryan
InvestorRelations@naspers.com
Tel: +1 347-210-4305