Good morning, Here’s Friday's Asia AI News! Scroll down for news on SenseTime's IPO, Q2 2020 smart sp
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August 14 · Issue #286 · View online |
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Good morning, Here’s Friday’s Asia AI News! Scroll down for news on SenseTime’s IPO, Q2 2020 smart speaker sales reports, and Singapore’s $182 million investment in fintech. Stay safe and have a great weekend! /Carrington
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SoftBank-backed AI startup is said to eye Hong Kong, China IPO
#China #HongKong - SenseTime Group Ltd., China’s largest artificial intelligence company, is exploring a dual listing in Hong Kong and China as it closes in on $1.5 billion of pre-IPO financing, according to people familiar with the matter. (Bloomberg)
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Chinese players are inching closer to Amazon and Google in the smart speaker market
#China #US #smartspeakers - Q2 2020 was a mixed quarter for the smart speaker market, which continues to be dominated by Amazon and Google, with China’s Baidu however looking like a bigger and bigger threat. According to the preliminary results published by Strategy Analytics on Tuesday, worldwide sales reached 30 million units during Q2. (PhoneArea)
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AI-enabled speakers gaining in popularity with users in China
#China #smartspeakers - According to market consultancy All View Cloud, smart speaker sales reached 19.08 million units during the first six months of this year in China, up 22.7 percent on a yearly basis, while sales revenue stood at 3.56 billion yuan ($511.6 million), up 18.3 percent year-on-year. (China Daily)
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Singapore parks $182m for fintech innovation, with special focus on AI
#Singapore #fintech - Singapore rolls out new three-year plan with SG$250 million ($182.1 million) investment to drive technology innovation in the financial services industry, which saw 40 innovation labs and 1,000 fintech companies set up in the last five years. (ZDNet)
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HSBC Singapore launches first AI-powered equity index structured note
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South Korea installs anti-virus bus shelters with temperature sensors and UV lamps
#SouthKorea #Covid-19 - South Korea has opened a high-tech new front in the battle against coronavirus, fortifying bus shelters in the capital with temperature-checking doors and ultraviolet disinfection lamps. The door will slide open only if passengers’ temperature is below 37.5C. (The Guardian)
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SkyDrive plans to launch flying cars in three years
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Hyundai's autonomous car JV is now called Motional
#SouthKorea #AVs - A joint venture between the Hyundai Motor Group and Dublin’s Aptiv has been named. It will be known as Motional. The 50:50 joint venture, which was formed last year and is specializing in self-driving vehicles, was valued initially at $4 billion, with Hyundai Motor, Kia Motors and Hyundai Mobis investing a total of $1.6 billion in cash and $400 million in technology. (Korea Joongang Daily)
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Singapore to trial driverless two-seater cars in Punggol next year
#Singapore #AVs - Driverless two-seater cars are expected to ply the roads of Punggol next year as part of a trial. Developed by the QIQ Global startup company, these electric-powered and semi-autonomous vehicles are meant for traveling short distances. (Coconuts)
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NTU Singapore scientists develop AI system for high precision recognition of hand gestures
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EU is moving closer to Washington’s position on Beijing threats, Trump administration official says
#China #EU #USA #geopolitics - China’s recent actions in Hong Kong and the Xinjiang Uygur Autonomous Region (XUAR) have driven European countries closer to Washington’s position about dangers posed by Beijing, John Demers, the US assistant attorney general for national security, said on Wednesday. (SCMP)
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China to Bring Up Measures Against WeChat and TikTok in Upcoming U.S. Trade Talks
#China #US #tradewar #TikTokban - U.S. and Chinese negotiators are set to discuss implementation of the phase one trade deal in the coming days, with Beijing pushing for the recent measures targeting businesses including TikTok and WeChat to be on the agenda. (TIME)
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Telangana launches artificial intelligence for agricultural innovation program
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