Good morning, Here’s Monday's Asia AI News! 18 companies will begin trading on Shenzen's Nasdaq-style
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August 24 · Issue #290 · View online |
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Good morning, Here’s Monday’s Asia AI News! 18 companies will begin trading on Shenzen’s Nasdaq-style start-up board - ChiNext - today in a first round of listings, under a new U.S.-style IPO system. The new IPO rules follow months of reforms aimed at fast-tracking initial public offerings and boosting financing for tech firms. The Shenzen exchange has brought in a raft of changes following the past year’s experience of Shanghai’s STAR Market. However, if you remember the feedback from traders and equity investors on launch of STAR Market in June last year, ‘crazy’ was the operative word! So, let’s see what today brings! Scroll down for coverage on ChiNext, AI news from around Asia, plus a recap of China-U.S. trade war stories from over the weekend. Stay safe and have a good week ahead! /Carrington
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Regulators double daily trading band on Shenzhen’s $1.3 trillion ChiNext board in latest move to support China’s tech companies
#China #ChiNext - Regulators double daily stock trading band to 20 per cent on Shenzhen’s ChiNext tech board in latest move to improve market efficiency and shore up hi-tech firms amid souring China-US relations. (SCMP)
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Shenzhen's ChiNext challenges Shanghai, adds fuel to 'technology war' with U.S
#China #US #ChiNext - As companies prepare to list on the start-up board ChiNext under a new U.S.-style IPO system on Monday, China’s Shenzhen will officially challenge Shanghai for tech listings, while adding fuel to a “technology war” with the United States. (Reuters)
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China sees 210,000 new AI-related enterprises
#China #startups - China is seeing a surge in the number of AI startups as entrepreneurs flock to capture growth in the area, data showed. The country saw more than 210,000 newly registered AI-related enterprises this year, surging by 45 percent year on year, according to data from Tianyancha.com. (Shine)
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Cloudpick and Huawei reached a strategic cooperation
#China #retail - Cloudpick has joined Huawei’s Ascend AI Startup Incubation Program and will jointly explore future development opportunities with Huawei in the global market. Cloudpick will receive training, development support and other technical support as well as global marketing support from Huawei. (Cloudpick)
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Towards Responsible #AIforAll in India
#India #AIpolicy - India is striving to balance innovation and regulation of artificial intelligence. Responsible #AIforAll will put ethical AI principles into practice. (WEF)
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Indonesia sets sights on AI with new national strategy
#Indonesia #AIstrategy - The Indonesian government has unveiled a national strategy for the development of AI, with one eye set firmly on assuring its people that AI is safe and widely beneficial. (TechWire Asia)
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Baidu opens Apollo Go robotaxi service to the public in Cangzhou
#China #robotaxis - Baidu has opened the Apollo Go Robotaxi service in Cangzhou, Hebei province, extending robotaxi coverage to the downtown area of a city for the first time in China. (Baidu)
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EHang joins international project to develop air ambulance
#China #VTOLs - EHang, a leading autonomous aerial vehicle (AAV) technology platform company, has announced that it has been selected to join Ambular, an international project endeavoring to develop a flying ambulance for medical emergency use. (eHang)
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Joint Israeli-Japanese group is the world’s first robot employment agency
#Israel #Japan #robotics - A joint venture between Japan’s Musashi Seimitsu – a Honda Motor Corporation Affiliate Company – and Israeli company SixAI, MusashiAI treats robots as a service that companies can lease on a flexible basis . (JPost)
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OMRON launches HD-1500 mobile robot with 1500kg payload capacity
#Singapore #robotics - OMRON, a global leader in industrial automation solutions across Asia Pacific, has launched its new mobile robot called the HD-1500. The robot boasts a heavy payload capacity of up to 1500kg and is the strongest and newest addition to the company’s portfolio. (Robotics Tomorrow)
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IIT Delhi to set up Technology Innovation Hub on cobotics; DST sanctions Rs 170 crore
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Israeli, Chinese researchers develop AI breath test device to detect COVID-19
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US-China trade talks opportunity for Beijing to ‘negotiate and manage’ growing hostilities
#China #US #tradewar - Beijing is expected to use upcoming trade talks between China and the US to prevent bilateral relations from collapsing completely, analysts say. Relations have sunk to all time lows in recent weeks as the two nations spar over the Covid-19 pandemic, Hong Kong, Xinjiang and technology. (SCMP)
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Equity investors ignore US-China split at their peril
#China #US #tradewar - Washington and Beijing’s troubled relationship has taken a turn for the worse recently, but markets have become strangely blasé about the situation. (Money Week)
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Huawei and ZTE slow down building 5G in China after US tech ban
#China #US #Huaweiban - Huawei and ZTE, known Chinese telecommunications equipment providers, have slowed down building 5G base stations in China. This arrives after the US tech ban, which puts uncertainty regarding its key supply chain in the near future. (GizmoChina)
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MediaTek has a huge chip stock for Huawei - what happens to it now?
#China #US #Huaweiban - MediaTek has a huge chip stock for Huawei - what happens to it now? The chip maker will have to rely on Xiaomi, Oppo or Vivo to purchase these chips. (GizChina)
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Pentagon approves five US drone makers ahead of likely ban on China’s DJI
#China #US #drones - Ahead of a likely ban on the US federal government’s use of Chinese-made quadcopters, including the very popular DJI drones, the Department of Defense has approved the products of five US-based unmanned air vehicle makers for government use. (Flight Global)
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Rise of Chinese AI and quantum computing threatens American military tech, says report for US Congress
#China #US #AIrace - The days of the People’s Liberation Army (PLA) lagging well behind the US in military technology are long gone, says analyst However, China’s strength decreases the further the conflict arena is from the mainland: defence expert. (SCMP)
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About Carrington Malin
Carrington Malin is a UAE-based entrepreneur, marketer and writer who focuses on emerging technologies.
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