Bike-rental startup Mobike announced yesterday the launch of its artificial intelligence (AI) data monitoring platform dubbed “Magic Cube”, in its renewed efforts to fight against its rivals, our sister site TechNode Chinese is reporting.

This is the first time that AI has found its application in the bike-rental sector.

“Magic Cube” is able to make accurate forecasts of supply and demand for its bike-rentals, and provide guidance to bike dispatching, scheduling and operation, said Yin Dafei, chief scientist at Mobike’s big data department. The AI platform is also assisting in Mobike’s deployment of geo-fencing to address the illegal parking issue plaguing the bike-rental firm.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.