China's AI sector tops $40 billion; Shanghai unveils 10-year AI plan

#India #IPO - India’s Fractal Analytics Inc., a provider of AI and analytics solutions to global companies, is exploring an initial public offering to fuel its growth as the pandemic helps to boost demand for its services. (Live Mint)

#India #startups - AI-based logistics firm Shyplite launches Shypmax supply chain solution. Shypmax is now live for deliveries to 40+ countries and will be covering delivery to 220 countries progressively. (Business Standard)

#Singapore #finance - The Monetary Authority of Singapore (MAS) has launched the Global Veritas Challenge to promote the adoption of AI solutions in the financial sector, it said on Monday in a statement. (Business Times)

#China #AI - The industry scale of China’s AI industry reached approximately $43.4 billion in 2020, according to the China Academy of Information and Communications Technology (CAICT). (The Star)

#India #patents - India now an AI innovation hub, reveals a new Nasscom study. India was ranked eighth in the top 10 countries by AI patent families on a global level, an impressive accomplishment considering it had no AI-related patent filing prior to 2002. (Business Standard)

#China #AIchips - Some manufacturers of Bitcoin mining machines in China are now ramping up efforts to manufacture AI chips amid an intensified nationwide crackdown against cryptocurrency mining-related businesses. (Global Times)

#China #regulation - It was supposed to be one of the hottest IPOs of the year, the listing of the most dominant ride-hailing service in China, Didi Global, which commands almost 90% of the Chinese market. And then it all went terribly wrong. (TIME)

#China #smartcities - Shanghai announced a municipal artificial intelligence plan on Thursday that will look into rule changes related to digital technology, promote the establishment of technical standards and regulations and form a mechanism for monitoring risks and issuing early warnings. (China Daily)

#China #FAST - China is exploring AI application in astronomy by introducing AI technology into China’s pulsar searching project. China’s Five-hundred-meter Aperture Spherical radio Telescope (FAST) can get about 30 million signal maps of electromagnetic pulses coming from the universe per week. AI technology can shorten the process to three days. (CGTN)

#China #US #AIrace - ‘We can’t let China write the rules for AI,’ Commerce Secretary Gina Raimondo says at Global Emerging Technology Summit, reflecting Washington’s bipartisan view that Beijing must be confronted on the technology front. (SCMP)

#China #US #AIrace - China’s capabilities in artificial intelligence are “much closer than I thought” to catching up to the U.S., former Google CEO Eric Schmidt told Nikkei Asia, stressing that America will not succeed without a “very strong partnership with our Asian friends.” (Asia Nikkei)

#China #entertainment - China’s most famous sci-fi writer, Liu Cixin, author of the Three-Body Problem trilogy, will work with SenseTime, the country’s top facial recognition firm, on an ‘innovative and immersive offline entertainment experience’. The partnership was announced Friday at the 2021 World Artificial Intelligence Conference in Shanghai. (SCMP)

#China #US #defence - Defense Secretary Lloyd Austin said the US Defense Department must focus on incorporating AI into all aspects of warfare, especially as “China’s leaders have made clear they intend to be globally dominant in AI by the year 2030.” (Stars & Stripes)

#China #US #intelligence - The intelligence community officials say they are turning to the private sector to make advances in artificial intelligence deemed necessary to outcompete China and other adversarial nations. (Washington Times)

#China #UUVs - China-based researchers reveal advanced autonomous underwater drone whose AI capacities allow it to identify and attack without human input. The first successful trial of the vessel came a decade ago as part of a program blending robotics and AI dating to the 1990s. (Droned DJ)

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