ACI to establish artificial intelligence institute with Tk5cr investment

Advanced Chemical Industries (ACI) PLC has decided to form and establish a dedicated institution focused on artificial intelligence as part of its efforts to strengthen technological innovation and future-ready capabilities across its businesses.

According to a disclosure, the decision was taken at the company's board meeting held on Thursday. The board approved the formation of the institution under the name "ACI Institution of Artificial Intelligence," with an initial investment of Tk5 crore.

The proposed institute will be established subject to the approval of the concerned regulatory authorities.

Company officials said the initiative reflects ACI's strategic intent to invest in advanced technologies and build internal expertise in artificial intelligence, data analytics and related digital solutions.

Industry observers noted that the move comes at a time when large conglomerates in Bangladesh are increasingly exploring artificial intelligence to enhance operational efficiency, optimise supply chains, improve customer engagement and support research and development. 

For a diversified group like ACI, AI-driven solutions could play a significant role across its pharmaceuticals, consumer goods, agribusiness and retail operations.

ACI PLC is one of the country's leading conglomerates, with a presence in pharmaceuticals, consumer brands, logistics and retail.