Doubtnut raises $31m; EU-India strategic partnership

#India #funding - Gurugram-based K-12 edtech startup Doubtnut said it has raised Rs 224 crore ($31m) in a Series B funding round from SIG and Lupa Systems. More than 2.5 million daily active users spend 600 million minutes per month on Doubtnut platforms. The four-year old startup is a multi-lingual, doubt-solving platform that uses AI and machine learning to provide video-based solutions. (LiveMint)

#SouthKorea #R&D - The Seoul Metropolitan Government announced Thursday that it has decided to spend a total of 34.7 billion won ($31m) to build research facilities for robotics and AI near Suseo-dong, Gangnam-gu, Seoul. (Korea Herald)

#India #automation - German headquartered supplier of technology and service Bosch India is betting big on digital strategies across its segments ranging from manufacturing, home appliances, engineering and business solutions, and smart campus. (Telangana Today)

#China #AVs - Ian Zhu, managing partner at NIO Capital, discusses autonomous driving technology in China, talks to Bloomberg Markets: China Open” about opportunities in the autonomous vehicle marketplace. (Bloomberg)

#India #AVs - Hyundai, which has completed 25 years in the Indian market with over $ 4 billion investment so far, also plans to enhance digitisation across its all business verticals and focus on mobility services like subscription, hailing and sharing verticals to fuel future growth in the country going ahead. (Indian Express)

#Singapore #roboadvisors - Family office investment firm Kristal.AI has launched an AI-powered wealth manager, to allow it to efficiently address the increasingly dynamic wealth and legacy requirements of clients. (Finnews Asia)

#China #US #AIrace - Eric Schmidt, chairman of a special commission on artificial intelligence, warned Congress the United States is only one to two years ahead of China in developing AI, as Beijing remains “relentlessly focused” on achieving dominance across the broad spectrum of high technologies. (USNI)

#SouthKorea #healthcare - KT Corp., a major South Korean telecom operator, said it will launch an AI service for a postpartum clinic in Gangseo District, Seoul. Guests of the postpartum clinic can request supplies like maternity clothes via KT’s AI speaker GiGA Genie without the need to make a phone call to the reception desk or newborn nursery room. (Korea Bizwire)

#Japan #smartcities - Toyota Motor Corp. has broken ground on its smart city at the foot of Mount Fuji, which it’s building as a testing ground for new technologies including robotics and artificial intelligence. (Japan Times)

#China #US #tradewar - U.S. Senate Majority Leader Chuck Schumer said on Tuesday he has directed lawmakers to draft measures to counter China’s rise, capitalising on bipartisan hardline sentiment on Beijing in Congress to strengthen the U.S. tech sector and counter unfair practices. (Reuters)

#EU #India #development - The European Commission has hosted the 13th Joint Steering Committee on Science and Technology Cooperation meeting to develop and adopt a long-term strategic perspective for India-EU collaboration in research and innovation. (KNN)

#Japan #robotics - Panasonic has created a small robot for companionship called Nicobo. It’s loosely catlike; it farts. It cannot do more than wiggle its head and its tail and blink its unnervingly digital eyes. It can sort of talk. And no, if you’re interested, you cannot buy it. This limited edition robot is already sold out! (The Verge)

Carrington Malin helps large organisations, digital brands and fast growing tech ventures with brand, communications and go-to-market strategies.