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CloudMinds returning to China; Google to invest $10 billion in India

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Good morning, Here’s Tuesday's edition of Asia AI News! Well, I don't want to speak too soon, but it
 
July 14 · Issue #271 · View online
Asia AI News
Good morning,
Here’s Tuesday’s edition of Asia AI News!
Well, I don’t want to speak too soon, but it does look like this month is a lot more active for tech investment and initiatives than the past few months, although there also seems to be plenty of signals of heightened political tensions between the West and China also.
Santa Clara-headquartered robotics startup CloudMinds has reportedly decided to scrap plans for an IPO in the US and is mulling plans to move to China and list on Shanghai’s STAR Market. The company lost almost 75 percent of orders in the US and cut 80 per cent of its US workforce after Washington imposed sanctions over national security risks.
In other news Google has announce plans to invest $10 billion in India and unveiled the Google for India Digitization Fund, via which the company will be making investments in the country.
Scroll down for these stories and more.
Stay safe and have a good day!
/Carrington

Startups
Robotics start-up CloudMinds returns to China after US sanctions hurt its business in Silicon Valley Robotics start-up CloudMinds returns to China after US sanctions hurt its business in Silicon Valley
SenseTime builds AI computing platform in Shanghai amid ‘new infrastructure’ push
MUFG goes on the prowl for more tech investment after grab deal
India
Google to invest $10 billion in India
Skill India launches AI-based ASEEM digital platform to bridge demand-supply gap of skilled workforce
Autonomous Vehicles
Singapore is the globe's top country for autonomous driving
China companies shift focus to commercializing AVs in effort to catch up to U.S.
Mobileye and WILLER partner to launch autonomous robotaxi service in Japan
Insurance
AI-based car accident handling to be introduced next year
R&D
China launches global medical AI research platform
Robotics
Chinese entrepreneur smartens up warehouses with AI robots
AI Chatbots
Microsoft spins out 5-year-old Chinese chatbot Xiaoice
Geopolitics
Agriculture
China’s stock boom is Donald Trump’s worst nightmare China’s stock boom is Donald Trump’s worst nightmare
Britain set to ban Huawei from 5G, though timescale unclear
UK Huawei decision part of wider strategic tensions with China
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