Good morning! Here's your Friday edition of Asia AI News! As mentioned, I'm now sending out the news
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| January 22 · Issue #354 · View online |
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Good morning! Here’s your Friday edition of Asia AI News! As mentioned, I’m now sending out the newsletter twice per week, on Tuesdays and Fridays. Lots of news to share today. India’s technology industry is waiting in anticipation for the country’s next annual budget announcement. The Union Budget 2021 will be presented by Finance Minister Nirmala Sitharaman on February 1st. For the first time in history, the Indian economy is in technical recession with two quarters of contraction. Meanwhile, India has high hopes for its tech, information services and and outsourcing sector role in creating a $5 trillion economy. I’ve linked to a variety of views on what India’s tech sector is looking for out of the Union Budget 2021 below Also, in case you hadn’t heard a video of Jack Ma addressing teachers on Wednesday has allayed fears of his abduction or incarceration, and spurred the biggest stock rally of Alibaba stock in 6 months! Scroll down for more news. Stay safe and have a great weekend! /Carrington
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Startups look forward as China cracks down on Alibaba, Tencent
#China #startups #antitrust - Antitrust moves could rein in the country’s most powerful corporations and create more space for startups. New antitrust rules could also give investors more confidence in some startups, with the knowledge that tech giants may not be able to control the market as easily. (Bloomberg)
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NTU Singapore start-up commercialises AI that can detect leaks instantly in gas pipelines
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This Chinese lab is aiming for big AI breakthroughs
#China #R&D - The Beijing Academy of Artificial Intelligence (BAAI), a government-sponsored research lab established in 2018, is testing a powerful new language algorithm to digest large amounts of text to generate coherent, free-flowing language. It is one of many projects aimed at fundamental advances in AI. (WIRED)
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Teams from Taiwan, Japan jointly develop AI learning system
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Singapore scientists develop AI-based anti-counterfeit tech
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Chinese capital Beijing sets sights on building ‘trillion yuan’ hi-tech manufacturing clusters
#China #investment - The city of Beijing will develop new “trillion yuan” hi-tech manufacturing clusters and strengthen its capabilities in areas such as AI and quantum communication research, according to its new five-year action plan to be a global science and technology hub. (SCMP)
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China to pump $1.6tn into tech infrastructure through 2025
#China #investment - China’s public and private sectors are set to spend 10.6 trillion yuan ($1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations, as frictions with the U.S. look to remain intact despite a new administration in Washington. (Asia Nikkei - subscription)
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Expectations from Union Budget 2021 for the technology sector
#India #Budget2021 - Given the role of the technology sector in the growth of Digital India, it is expected that the government may implement effective and favorable policies, in creating the digital infrastructure and the ecosystem to support innovation, but also bring the necessary regulation for areas such as data. (Dataquest)
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What Tech CXOs Expect from Budget 2021-22
#India #Budget2021 - More focus on encouraging skills development, boosting digital infrastructure and simplifying a taxation framework, are some of the things that India’s tech CXOs expect from Budget 2021. (CXO Today)
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Data centres in India - certain expectations from Budget 2021
#India #Budget2021 - More broad-based cloud adoption across government and public sector at large, corporates, SMBs and startups can be expected in 2021. The tech sector is hoping for new policies that enable the private sector to build more Data Centre parks. (Economic Times)
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Budget 2021: Here's what the Indian startup ecosystem is hoping for
#India #Budget2021 - Ahead of this year’s Union Budget on February 1, here’s what business leaders, entrepreneurs, investors, and other stakeholders from the Indian startup ecosystem expect from the Indian government. (Your Story)
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S. Korea to invest W1.1tr ($1b) in Level 4 autonomous driving technologies: minister
#SouthKorea #investment - South Korea plans to invest 1.1 trillion won ($1 billion) for commercialization of Level 4 autonomous driving technology, Finance Minister Hong Nam-ki said Thursday. (Korea Herald)
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Singapore tops up 5G fund to drive product commercialisation
#Singapore #5G - Singapore’s Infocomm Media Development Authority’s (IMDA) has added another SG$30 million ($22.57 million) has been added to a fund dedicated to fueling the development and adoption of 5G products and services in the country, with financial help provided to more companies, including small and medium-sized businesses. (ZDNet)
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Israel's SixAI signs strategic Israel-South Korea joint venture deal
#Israel #SouthKorea #robotics - Israel’s SixAI has signed an agreement to form a joint venture with South Korean semiconductor giant ISC and investment firm Yozma Group Korea. (NoCamels)
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Cancer can be precisely diagnosed using a urine test with AI
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Japan to use AI for customs procedures, stop drug smuggling
#Japan #drugsmuggling - To stop the import of illegal drugs, Japan has already started testing a prototype nuclear quadrupole resonance device that uses AI to check X-rayed items and identify drug smuggling. (Japan Times)
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IIIT Hyderabad Campus to drive academic and business collaboration on smart cities research
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Departing U.S. FCC chair warns of threats to telecoms from China
#China #US #Huawei - Outgoing U.S. Federal Communications Commission (FCC) chairman Ajit Pai said potential Chinese espionage and threats to U.S. telecommunications networks and internet freedom are the biggest national security issue that regulators will face in the next four years. (Reuters)
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Japan, UK team up for nuclear robotics and automation research
#Japan #UK #nuclearrobotics - The UK and Japan have signed a R&D deployment collaboration agreement to help automate nuclear decommissioning and aspects of fusion energy production. The collaboration is expected to develop new robotics and automation techniques used in Japan and the UK. (World Nuclear News)
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About Carrington Malin
Carrington Malin helps large organisations, digital brands and fast growing tech ventures with brand, communications and go-to-market strategies.
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