Good morning, Here’s Tuesday's Asia AI News! As expected, Monday was an eventful day on ChiNext, Shen
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August 25 · Issue #291 · View online |
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Good morning, Here’s Tuesday’s Asia AI News! As expected, Monday was an eventful day on ChiNext, Shenzen’s Nasdaq-style start-up board. In total, 18 companies debuted on ChiNext, as the first round of listings under a new U.S.-style IPO system By lunchtime the debut tech IPO stocks had risen an average of 158 percent and by market close the average was more than 200 percent. Reportedly, medical equipment manufacturer Contec Medical Systems soared more than 1000 percent. Scroll down for media reports on ChiNext, XYZ Robotics $20 million funding round, more commentary on Huawei’s future prospects, plus how astronomers are using deep learning to discover new galaxies. Stay safe and have a great day! /Carrington
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18 Chinese tech stocks soar 200% as a major market relaxes its IPO rules
#China #ChiNext - Eighteen Chinese companies — all small-to-medium sized tech firms — took advantage of ChiNext’s new rules and began trading Monday. By market close, their stocks had popped more than 200% on average. A medical equipment manufacturer called Contec Medical Systems soared more than 1000%, leading the gains. (CNN)
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Newly-listed ChiNext shares surge in historic reform
#China #ChiNext - Shares of 18 companies surged on their ChiNext debut on Monday, kicking off a historic reform that will see Shenzhen officially challenge Shanghai for tech listings, while adding fuel to a “technology war” with the United States. (Reuters)
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Registration-based IPOs debut on ChiNext
#China #ChiNext - The first batch of registration-based initial public offerings (IPOs) of 18 enterprises debuted Monday on the ChiNext board, China’s NASDAQ-style board of growth enterprises, amid the country’s efforts to reform the capital market . (Xinhua)
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Turnover of ‘new third board’ tops 83bn yuan
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XYZ Robotics raises $20 million
#China #funding - XYZ Robotics, a provider of piece-picking solutions for the logistics and e-commerce industries, has raised hearly $20 million in a Series A+ round of financing led by Source Code Capital, a Beijing-based investment firm. (DealStreet Asia)
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China launches AI 'companions' to the public
#China #virtualassistants - The company Xiaoice has released new AI products, including a ‘virtual human’ product line for users, with an AI customisation tool to create a ‘virtual boyfriend’ or companion. (Asia Times)
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National AI strategy to benefit the less-privileged
#India #AIstrategy - A proposed national strategy on use of AI applications in business and governance will make sure the less-privileged benefit from the technology rather than being left behind, said Amitabh Kant, CEO of federal policy think tank NITI Aayog. (LiveMint)
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Singapore continues its drive to build a pool of smart city innovators
#Singapore #smartcities - The number of applications to the Smart Nation Scholarship scheme increased again this year with awardees undergoing rigorous training and taking on key roles in national projects. (Smart Cities World)
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AI, blockchain, IoT powered e-marketplace for farmers
#India #agriculture - Agritech startup Agri10x, a global e-marketplace, is leveraging the power of advanced technologies like AI, blockchain and Internet of Things (IoT) to help the farming community, and has entered into a partnership with the government. (Express Computer)
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Huawei endgame?
#China #US #Huaweiban - Are we witnessing the death throes of Huawei? A week ago, the Bureau of Industrial Security in the US Department of Commerce issued a notification further restricting access by Huawei and its non-US affiliates on the Entity List to items produced domestically and abroad by using US technology and software. (ORF Online)
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Huawei finds itself in the eye of the US-China tech storm
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AI classifies galaxies using Subaru Telescope images
#Japan #astronomy - Astronomers have used AI for finding and classifying spiral galaxies using images of the distant universe captured by the Subaru Telescope. A research group, consisting of astronomers mainly from the National Astronomical Observatory of Japan (NAOJ), applied a deep-learning to classify galaxies in a large dataset of images obtained. (The Week)
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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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