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September 2 · Issue #296 · View online |
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Good morning, Here’s your Wednesday Asia AI News! Lots of news to share today. Scroll down for news on Hai Robotics and Cosmose AI funding rounds, USTDA funding of smart city projects in Vietnam, more analysis and commentary on U.S. and China tech restrictions, plus Asia Tatler’s interview with Singapore AI royalty Parag and Ayesha Khanna! Stay safe and have a good day! /Carrington
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Source Code leads Series B Round in Chinese warehouse automation solution provider Hai Robotics
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Cosmose AI lands €12.5 million Series A to help stores predict foot traffic
#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)
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AI quality inspection robots playing bigger role at factories in Japan
#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)
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A robot to suppress ‘bogus’ traders is in works in South Korea
#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)
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Osaka rolls out demonstrator smart lighting project
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USTDA to support Ho Chi Minh City smart cities project
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Google expands AI-powered flood alerts to all of India
#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)
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White House will crack down on more Chinese apps after TikTok, WeChat, Trump adviser Navarro says
#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)
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Europe isn’t immune from U.S.-China trade tensions
#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)
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Former Google chief Eric Schmidt warns of China's potential dominance in AI
#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)
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TikTok deal faces complications as U.S. and China ratchet up Tit-for-Tat
#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)
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Coalition countering Huawei faces hurdles
#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)
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China’s chip execs worry they’re next on US hit list
#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)
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China now 'leader' in UAS sector
#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)
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Sky Drone, China Mobile Hong Kong ink deal for 5G drones
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Parag and Ayesha Khanna on AI in Singapore to coding with their kids
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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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