China Central Bank to Set Up $70 Bln Tech Re-lending Program

People sit around near a display showing a cartoon depiction of a Panda at a shopping mall in Beijing, China, Friday, April 5, 2024. (AP Photo/Tatan Syuflana)
People sit around near a display showing a cartoon depiction of a Panda at a shopping mall in Beijing, China, Friday, April 5, 2024. (AP Photo/Tatan Syuflana)
TT

China Central Bank to Set Up $70 Bln Tech Re-lending Program

People sit around near a display showing a cartoon depiction of a Panda at a shopping mall in Beijing, China, Friday, April 5, 2024. (AP Photo/Tatan Syuflana)
People sit around near a display showing a cartoon depiction of a Panda at a shopping mall in Beijing, China, Friday, April 5, 2024. (AP Photo/Tatan Syuflana)

China's central bank will set up a 500 billion yuan ($70 billion) re-lending program to support the country's science and technology sectors, according to a statement released on Sunday.

The program will offer loans via 21 banks to small and midsize technology companies at an interest rate of 1.75%, Reuters reported.

The one-year loans can be extended twice, for up to a year each time, the statement said.

China's policymakers look to boost liquidity and increase confidence in the world's second-biggest economy amid headwinds from a property crisis and frictions with major trading partners.



SDAIA, KAUST Launch MiniGPT-Med Model to Help Doctors Diagnose Medical Radiology through AI

SDAIA, KAUST Launch MiniGPT-Med Model to Help Doctors Diagnose Medical Radiology through AI
TT

SDAIA, KAUST Launch MiniGPT-Med Model to Help Doctors Diagnose Medical Radiology through AI

SDAIA, KAUST Launch MiniGPT-Med Model to Help Doctors Diagnose Medical Radiology through AI

The Center of Excellence for Data Science and Artificial Intelligence at the Saudi Data and Artificial Intelligence Authority (SDAIA) and King Abdullah University of Science and Technology (KAUST) have introduced the MiniGPT-Med model.

The large multi-modal language model is designed to help doctors quickly and accurately diagnose medical radiology using artificial intelligence techniques.

Dr. Ahmed Alsinan, the Artificial Intelligence Advisor at the National Center for Artificial Intelligence and head of the scientific team at SDAIA, explained that the MiniGPT-Med model is capable of performing various tasks such as generating medical reports, answering medical visual questions, describing diseases, locating diseases, identifying diseases, and documenting medical descriptions based on entered medical images.

The model was trained on different medical images, including X-rays, CT scans, and MRIs.

The MiniGPT-Med model, derived from large-scale language models, is specifically tailored for medical applications and demonstrates significant versatility across different imaging methods, including X-rays, CT scans, and MRI. This enhances its utility in medical diagnosis.

Dr. Alsinan highlighted that the MiniGPT-Med model was developed collaboratively by artificial intelligence specialists from SDAIA and KAUST.

The model exhibits advanced performance in generating medical reports, achieving 19% higher efficiency than previous models. It serves as a general interface for radiology diagnosis, enhancing diagnostic efficiency across various medical imaging applications.