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SenseTime expects 200% more revenue: China AI market to reach $12b

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Good morning, Here's the first Asia AI News edition of the week! Some of today's top stories: SenseTi
 
December 9 · Issue #143 · View online
Asia AI News
Good morning,
Here’s the first Asia AI News edition of the week!
Some of today’s top stories:
  • SenseTime expects its revenues to grow 200% year-on-year to reach $750 million, despite being put on the US blacklist in October.
  • IDC expects China’s AI market to reach $11.9 billion by 2023.
  • TMRW, UOB’s mobile-only bank, has enabled fingerprint and facial biometrics for opening new bank accounts in Thailand.
  • White House economic adviser Larry Kudlow says that the December 15th deadline for introducing new tariffs on Chinese imports has not changed.
Lots of news, comment and opinion on the US-China trade war at the end of the newsletter - so if you don’t want to read it, don’t go there! :)
Have a great week ahead!
/Carrington

Startup News
China's SenseTime expects $750 million 2019 revenue despite US ban: sources China's SenseTime expects $750 million 2019 revenue despite US ban: sources
Shanghai accelerating AI ecosystem construction
AI Race
China's AI market to reach $11.9 billion by 2023: white paper
Biometrics
China's move on face-recognition standards
TMRW by UOB, first bank in Thailand to enable fingerprint and facial biometrics for account opening
R&D
Softbank, Univ. of Tokyo to set up AI tech research lab next spring
DOCOMO and Kyoto University develop world's first AI system to detect bridge deterioration
Hong Kong poised to award city’s own patents
AI Law
AI judges and verdicts via chat app: the brave new world of China's digital courts
Kolkata cops to use camera with AI to detect crime
US-China Trade War
Former Chinese officials warn tensions with US raise risk of ‘accidental conflict’ Former Chinese officials warn tensions with US raise risk of ‘accidental conflict’
Could there be an exodus of Chinese tech stocks from US markets?
China should ‘show strength’ and address US demands, says leading reformist Li Ruogu
Heads of influential American business group in Hong Kong denied entry to Macau
No ‘arbitrary deadline’ in US-China trade talks, Larry Kudlow says
Opinion: Trump strategy of targeting Chinese tech firms only hurts America
US controls on high-tech exports to China will backfire
Why China’s ‘military AI budget’ is irrelevant (spoiler: all AI is military AI)
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