Eightfold AI raises $125 million; IceKredit secures $33 million

#China #funding - China-based AI-powered platformfFor businesses IceKredit secures $33 million via a Series C funding round led by Guoxin Venture Investment, with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. (Crowdfund Insider)

#India #funding - Eightfold AI has announced that it has raised a $125M Series D funding round. A significant amount of this investment will be committed to hiring exceptional talent in India. (PR Newswire)

#Singapore #funding - Singapore-based AI financing platform IN Financial through its wholly-owned subsidiary Cash-IN-Asia, raised S$5 million in a funding round led by Singapore-based venture firm DeClout Ventures. (Fintech News)

#Singapore #Malaysia #funding - AI company Pulsifi, which is based in Singapore and Malaysia, has raised $1.8 million in angel funding to boost its expansion to new markets in Europe and accelerate product enhancement. (Business Times)

#SouthKorea #healthcare - Korean startup AITRICS aims to provide predictive, preventive and personalized healthcare utilizing the power of AI. The digital healthcare startup has developed an AI-based predictive solution that can help detect health problems at a much earlier stage than at the onset of signs or symptoms. (Korea Techdesk)

#Singapore #UK #investment - Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the next five years to double its product portfolio, including devices that would take it beyond the home. (Reuters)

#China #patents - China filed more than 110,000 artificial intelligence patent applications last year, a development seen bolstering the country’s position as the second-largest market for AI technology. (SCMP)

#SouthKorea #AIchips -  SK Telecom Co. us adding a new AI chip to South Korea’s arsenal of semiconductors as the nation seeks a bigger slice of the global tech market and an upgrade of its industrial capabilities. (Bloomberg)

#SouthKorea #investment - South Korea pledged to invest about $1 billion for artificial intelligence in semiconductor manufacturing to build on the nation’s success developing computer chips to power economic growth. (UPI)

#China #investment - Chengdu, capital city of Southwest China’s Sichuan province, is working to develop a national pilot zone for advancing next-generation AI. According to the plan, the city will invest more than 100 billion yuan ($15.2 billion) in over 170 major projects over two years. (PRNewswire)

#Asia #Philippines #drones - AI-driven drones have started revolutionizing Philippines’ rice farming n as Bayer Crop Science (BCS) completed a “drone seeding” demonstration in Paniqui, Tarlac that is significantly eliminating costly and time-consuming labor in rice planting. (Manila Bulletin)

#China #Australia #US #defence - China’s president Xi Jinping last week urged his military to modernise after his Communist Party commissars “laid out plans to make the People’s Liberation Army (PLA) on par with the US military by 2027”. Xi reportedly “stressed” the need to “enhance technological literacy” among his soldiers, “embrace new technologies” such as AI and minimise bureaucracy. (News.com.au)

#India #NLP - Conversational AI company Gnani.ai has announced the launch of its new integrated speech recognition technology for the Indian Defence establishment. (Techgraph)

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