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Observe.AI raises $26m; China GDP to be half digital by 2023

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Here's your Thursday edition of Asia AI News! Apologies for yesterday's newsletter. The publishing sy
 
December 12 · Issue #146 · View online
Asia AI News
Here’s your Thursday edition of Asia AI News!
Apologies for yesterday’s newsletter. The publishing system informed me that my fully completed newsletter was saved and ready to go, but - as you will have noticed - that turned out not to be the case!
Some interesting news stories below, from startup funding to China’s smart cities and its growing digital economy.
Obviously, as the December 15th deadline given by the US to impose new tariffs looms, we’re going to see a lot more comment and speculation on the US-China trade war, trade deal and tariffs. So, will keep including these stories, although little of this coverage is likely to be very useful!
Enjoy the rest of your day!
/Carrington

Startup News
Voice AI platform Observe.AI raises $26 million in funding round led by Scale
Oncology Pharma signs letter of intent to acquire stake in Diagnomics, Inc.
Kinship AI aims to revolutionize how garments factories manage their workers
Space startup with AI solution to stubble burning wins ‘Space Oscar’
R&D
Samsung sets up innovation lab at IIT Guwahati
Huawei, Intel, Bosch et al take on open source edge computing
Soon, AI to locate extreme weather
AI Skills
Beijing research institute teaches kids about AI
Smart Cities
China’s Smart Cities are magnets for economic growth and environmental stewardship
Digital Economy
Digital economy to top half of China’s GDP by 2023: IDC
Shenzhen boasts the most growth champions in SCMP-Statista’s survey of the 80 fastest-growing companies in Greater Bay Area
Corporate News
UnionBank ramps up AI adoption, partners with Singapore’s MAS
Wipro recognized as a leader in AI consultancies by independent research firm
Online lenders enlist AI-driven behavioural analysis in the fight against fraud
Drones
Neontech sees business growth in drone market dominated by Chinese products
SoftBank Vision Fund
One of SoftBank Vision Fund’s 12 managing partners is leaving the company
US-China Trade War
US-China trade deal deadline ‘likely to be missed’ US-China trade deal deadline ‘likely to be missed’
‘Relative calm’ in US-China trade war could help global economy in 2020
US-China decoupling could offer a surprise profit for investors, UBS money managers say
Meng Wanzhou wins Canada court fight to see documents related to arrest
Canada’s view of China worsens as Huawei, detention rows drag on
China hands detained Canadians’ cases over to prosecutors
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