Cosmose AI lands €12.5 million; U.S. to crack down on more Chinese apps

#China #funding - Chinese logistics and warehousing robotic technology company Hai Robotics recently completed a series B round of financing led by Source Code Capital. (China Money Network)

#China #Poland #funding - Warsaw and Shanghai-based Cosmose AI, the platform that predicts and influences how 1 billion people shop offline, today announced the completion of a €12.5 million Series A investment round, valuing the company in excess of around €83.4 million. (EU Startups)

#Japan #manufacturing - Inside the auto-parts plant of Musashi Seimitsu Industry Co Ltd, a robotic arm picks up and spins a bevel gear, scanning its teeth against a light in search of surface flaws. The inspection takes about two seconds. (Japan Today)

#SouthKorea #trading - South Korean regulators are turning to AI to help detect illegal use of algorithmic trading in financial markets. The Korea Exchange has temporarily hired outside experts to develop a model to monitor algo trades. (Bloomberg)

#Japan #smartcities - MinebeaMitsumi has deployed streetlights with sensors that can monitor surrounding environmental conditions on six roads managed by Osaka Prefecture Government. (Smart Cities World)

#US #Vietnam #smartcities - The US Trade and Development Agency (USTDA) will provide grant funding for Ho Chi Minh City’s smart cities project, allowing the Vietnamese city to manage its daily operations with advanced data analytics. (The Asset)

#India #environment - Google has expanded its flood-predicting model, which can predict severe flooding with 75% accuracy, to cover all of India and parts of Bangladesh. (Venture Beat)

#China #US #tradewar - ‘It is critical that this country not use apps that are made in China, or that can take our data and go to servers in China,’ White House trade adviser Peter Navarro said in an interview. (SCMP)

#China #EU #US #techexports - China’s new technology export restrictions could complicate plans for other foreign (non-U.S.) companies. That includes European ones, which might want to acquire Chinese AI technology or other products, and which now need government approval to do so. (Bloomberg)

#China #US #AIrace - China will lead the world in artificial intelligence if the U.S. doesn’t spend billions of dollars more on research, former Google CEO Eric Schmidt warns. (Fortune)

#China #US #techexports #TikTok - China’s new export rules, which could delay or scuttle a sale of TikTok, have further turned giant companies into pawns in a geopolitical struggle. (New York Times)

#China #US #tradewar - The tech war between China and the US has taken on new dimensions. From new export controls via the US Department of Commerce banning the  sale of US semiconductor “software” and “technology” to Huawei to Trump’s executive orders, the U.S. administration has been doubling down on its efforts to address China’s tech dominance. (Asia Times)

#China #US #tradewar - Dozens of senior Chinese government officials and business leaders gathered at the 2020 World Semiconductor Conference last week, but their usual agenda of trumpeting the nation’s chip innovation was colored by fears their industry might be next to suffer trade sanctions from the Trump administration. (Bloomberg)

#China #UAS - China is looking to play a dominant role in the global unmanned aircraft system (UAS) sector after launching its first international standard for the sector recently, experts said. (China Daily)

#China #HongKong #UK #5G - Sky Drone and China Mobile Hong Kong (CMHK) have signed a memorandum of understanding with the aim of fostering 5G connectivity of drones as part of the work of China Mobile’s 5G innovation center. (RCR Wireless)

#Singapore #profile - He is the bestselling author of The Future is Asian and Connectography while she is the co-founder and CEO of AI consultancy firm Addo AI. Asia Tatler interviews Parag and Ayesha Khanna. (Asia Tatler)

Carrington Malin is a UAE-based entrepreneur, marketer and writer who focuses on emerging technologies.