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Retail analytics firm Trax raises $640m; Huawei breaks up AI and Cloud group

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April 9 · Issue #373 · View online
Asia AI News
Good morning,
Here’s your Friday edition of Asia AI News!
There’s a lot of news to share today. However, perhaps the most surprising is Huawei’s decision to break up its cloud and AI group, which it formed in January last year. It looked like the right move and based on the new divisions apparent success, Huawei had committed to investing $1.5 billion in it. The company also announced just a few weeks ago that its consumer group head, Richard Yu, would be heading up the division. What happened? I think we’ll have to wait for further industry comment and analysis.
Scroll down for Tech Radar’s story on Huawei, plus funding news, SoftBank’s $2.8 billion investment in Norwegian robotics firm AutoStore, semiconductor and smart city news. And more criticism of Apple’s and Google’s relationship with China from Silicon Valley investor Peter Thiel.
Last, but not least, I can highly recommend Charles Reed Anderson’s excellent TechBurst Asia Podcast on the career of Michael Conlin, the first Chief Data Officer for the U.S. Department of Defense (DoD) and ethics in AI. Entertaining and insightful!
Stay safe and have a great weekend!
/Carrington

Startup News
Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock
AI startup Gupshup raises $100 million from Tiger Global to join India’s fast growing club of unicorns
Huawei
Huawei is closing its cloud and AI business group after only a year
Robotics
SoftBank invests $2.8 billion in Norwegian robotics firm AutoStore
The ulti-mutt pet? Chinese tech company develops robo-dogs
Robot helps carry the Tokyo 2020 Olympic torch
Healthcare
SenseTime receives CE mark for its AI medical solution SenseCare-Chest DR Pro diagnostic software
China’s first smart hospital featuring AI opened in Guangzhou
Semiconductor
ByteDance team to develop AI chips as China aims for self-reliance
S. Korea, Taiwan companies far exceed China in terms of semiconductor capital investment
Autonomous Vehicles
Toyota unveils new models in advanced driver-assist technology push
AI Policy
Why NITI Aayog CEO believes India is in a position to be an AI global leader
Vietnam enlists South Korea's Naver to drive AI ambitions
Citizens should be at the centre of developing AI, say experts at WEF tech summit
Smart Cities
Tides of change: Shenzhen powers China's smart city drive Tides of change: Shenzhen powers China's smart city drive
Japan’s smart city initiatives will play key role in its digitisation and economic revival
Vi launches new IoT offering, eyes digital India, smart city projects
Seoul street lamps provide WiFi and charge electric cars
Retail
Tokyo announces 'robot' supermarket
Geopolitics
Peter Thiel criticises Google and Apple for being too close to China
Podcast
Podcast: Addressing AI's Ethical Issues w/ the former US Dept of Defense's Chief Data Officer Michael Conlin Podcast: Addressing AI's Ethical Issues w/ the former US Dept of Defense's Chief Data Officer Michael Conlin
Read Tuesday’s Asia AI News
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Carrington Malin
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