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AI drug platform Gero raises $2.2m; New Singapore fintech R&D institute

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Good morning, Here’s Thursday's Asia AI News! A mixed bag of news today, including a minor update on
 
August 6 · Issue #282 · View online
Asia AI News
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

Startup News
Megvii awaits 'right timing' for IPO Megvii awaits 'right timing' for IPO
Singapore AI startup bags $2.2m to create a drug that combats aging
Robotics
Germany's KION partners with Chinese robotics company Quicktron
Banking
Why facial recognition is becoming de facto among Asia's banks
R&D
Singapore sets up research institute to boost fintech capabilities
Toshiba plans $320m AI research hub to spearhead recovery
Nokia to set up robotics lab at Indian Institute Of Science
Digital Economy
Innovation to hold the key to India’s future growth: Piyush Goyal
Autonomous Vehicles
Israel's Cognata to partner with Hyundai Mobis for simulation
Education
AI-enabled curriculum helps nurture young talent
Geopolitics
By going after TikTok, Donald Trump is opening a new front in technology war with China By going after TikTok, Donald Trump is opening a new front in technology war with China
TikTok North America GM says the app doesn’t operate in China, but that doesn’t change anything about its U.S.-mandated sale
Maritime
Eight nations join hands to align standards for autonomous ships
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