00:00Southeast Asia's top ride-hailing and food delivery platform, Grab, says it's turning to AI to drive growth as cost
00:07rise and demand weakens.
00:09Grab CEO Anthony Tan told Reuters that its AI strategy is starting to pay off, pointing to a new group
00:15ride feature, which uses AI to split fares more precisely.
00:19Grab says that it can cut fares by up to 40 percent.
00:22This comes as the firm faces pressure from weak consumer spending and higher fuel prices from the Middle East conflict.
00:28Growth has been slow for the company even before the war, with its share price down nearly 30 percent this
00:34year.
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