Good morning, Here’s Thursday's Asia AI News! A mixed bag of news today, including a minor update on
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| August 6 · Issue #282 · View online |
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Good morning, Here’s Thursday’s Asia AI News! A mixed bag of news today, including a minor update on the Megvii IPO, story that began early last year. If you’ve been following the progress of the Megvii IPO, you may remember that the last news was that HKED was apparently not happy with the company’s disclosures regarding US sanction-related risks (the IPO had apparently received clearance from HKEX in January). This week, CEO Yin Qi is quoted as confirming that the company is still working towards an IPO, but it’s a question of timing. In other news, Singapore sets up the Asian Institute of Digital Finance, Toshiba invests $321 million in an AI research centre and Nokia establishes a robotics lab at Indian Institute Of Science in Bengaluru. Stay safe and have a good day! /Carrington
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Megvii awaits 'right timing' for IPO
#China #HongKong #IPO - Megvii is continuing to work towards an IPO and is awaiting the right timing, according to comments made by Yin Qi, co-founder and CEO. (China Daily)
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Singapore AI startup bags $2.2m to create a drug that combats aging
#Singapore #funding - Singapore-based Gero, an AI platform that develops new drugs to combat aging and other disorders, has raised $2.2 million in a series A funding round, bringing its total capital raised to over $7.5 million. The round was led by machine learning-focused VC firm Bulba Ventures. (Tech in Asia)
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Germany's KION partners with Chinese robotics company Quicktron
#China #Germany #robotics - German truck giant KION Group has entered a strategic partnership with Quicktron Robotics, a Chinese company offering automated warehouse solutions. KION will distribute Quicktron products globally and plans to acquire a minority stake of less than 10 percent the company. (China.org.cn)
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Why facial recognition is becoming de facto among Asia's banks
#Singapore #SingPass - DBS Bank - which has trialed a number of services using biometric ID over the past few years - has now become the first private-sector entity to start using Singapore’s national facial ID service, ’ SingPass Face Verification’. (Techwire Asia)
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Singapore sets up research institute to boost fintech capabilities
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Toshiba plans $320m AI research hub to spearhead recovery
#Japan #R&D - Toshiba will spend around 34 billion yen ($321 million) on a new research and development complex in Japan geared toward AI and security technologies. Rebuilding part of an existing R&D center in Kawasaki, the new complex will more than double the current size and capacity. (Asia Nikkei - subscription)
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Nokia to set up robotics lab at Indian Institute Of Science
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Innovation to hold the key to India’s future growth: Piyush Goyal
#India #digitaleconomy - Innovation led advanced production technologies will foster inclusive and sustainable industrial development, said Piyush Goyal, Minister of Commerce and Industry, Government of India. (Economic Times)
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Israel's Cognata to partner with Hyundai Mobis for simulation
#Israel #SouthKorea #AVs - Israel’s Cognata, a provider of simulation software and training data for driver-assistance systems and autonomous vehicles has signed a deal with South Korean software provider Hyundai Mobis. (Reuters)
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AI-enabled curriculum helps nurture young talent
#China #education - Shenzhen-based UBTech Robotics has inked a deal with the education authority in Yuhang district, Hangzhou, Zhejiang province, to provide AI curricula for about 33,000 students from primary, junior and high schools as well as vocational schools. (China Daily)
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By going after TikTok, Donald Trump is opening a new front in technology war with China
#China #US #TikTokban - By going after TikTok, the U.S. is expanding a fight against Beijing using Chinese-style restrictions on tech companies in a move that could potentially have enormous ramifications for the world’s biggest economies. (Bloomberg)
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TikTok North America GM says the app doesn’t operate in China, but that doesn’t change anything about its U.S.-mandated sale
A TikTok execs said none of its operations are based in China, but that doesn’t matter as the app has become a geopolitical football.
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Eight nations join hands to align standards for autonomous ships
#MASS - The flag, coastal and port authorities from eight countries - China, Denmark, Finland, Japan, the Netherlands, Norway, South Korea and Singapore - met virtually on Tuesday to launch and develop Maritime Autonomous Surface Ships (MASS) in ports initiative or MASSPorts. (Seatrade)
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