Good morning, Here’s your Tuesday edition of Asia AI News! India's Finance Minister Nirmala Sitharama
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| February 2 · Issue #357 · View online |
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Good morning, Here’s your Tuesday edition of Asia AI News! India’s Finance Minister Nirmala Sitharaman presented the country’s Union Budget 2021 yesterday, which gave focus to infrastructure and digital skills. So far the response from the tech sector has been positive. Meanwhile, SoftBank Group Corp CEO Masayoshi Son expects mass production of self-driving vehicles to start in two years; a new survey finds that 84% of Indian consumers agree that AI can provide better customer experiences; and Huawei’s Consumer Business Group CEO Richard Yu takes the reins of the company’s cloud computing and artificial intelligence business unit, which was created a year ago. Scroll down for these stories and more. Have a great week! /Carrington
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S. Korea to provide 240 bln won in support for logic chip R&D this year
#SouthKorea #semiconductors - South Korea said Monday it will provide 240 billion won ($214 million) in support for R&D in logic chips and the fabless chip sector this year as the country seeks to boost its semiconductor industry. The plan aims to foster fabless chipmakers and bolster the country’s competitiveness in AI chips and next-generation sensors, (Yonhap)
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The 9 major takeaways for startups from the first digital budget speech
#India #UnionBudget2021 - India’s Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021 — with a sharp focus on digital transformation and the next phase of economic recovery after the Covid-induced market recession. (Inc42)
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Union Budget 2021: Here's how Indian tech industry reacted
#India #UnionBudget2021 - Finance Minister Nirmala Sitharaman today announced the Budget 2021 that will be applicable for the upcoming fiscal year starting April, 2021. Here’s how the tech industry reacted. (India TV News)
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'Fulfilled all expectations': NITI Aayog VC Rajiv Kumar hails Union Budget 2021-2022
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Budget should focus on technology & robotics adoption for Atmanirbhar Bharat mission
#India #UnionBudget2021 - Union Budget 2021 should focus on enhancing productivity by incentivising the use of technology to make India ‘Atmanirbhar’ and future-ready, an official with industrial autonomous and AI technologies said on Sunday. (Business Standard)
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India Budget 2021: Full text of Nirmala Sitharaman's speech
#India #UnionBudget2021 - Indian Finance Minister Nirmala Sitharaman on Monday unveiled the budget for fiscal 2021-22, that aims to shore up an economy badly-hit by the pandemic. The economy is projected to contract 7.7 per cent in the current fiscal year, although the government forecasts growth of 11 per cent for the coming fiscal year. (Khaleej Times)
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SoftBank's Son expects mass production of driverless cars in two years
#Japan #Switzerland #WEF - SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. (Reuters)
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Hyundai unveils hotel robot developed with KT
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84% Indian consumers agree that AI can provide better customer experiences: Study
#India #CX - 84% of Indian consumers agree that AI has the potential to provide better customer experiences, improve brand reputation, and increase customer loyalty, according to a new research by software company Pegasystems. (Financial Express)
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SIT degree course to meet expected demand in automation engineering
#Singapore #education - A new degree programme will be offered by the Singapore Institute of Technology (SIT) to fulfil the anticipated demand in automation engineering in the future by training students to develop, deploy and maintain field robots. (Straits Times)
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US, China or Europe? Here's who is really winning the global race for AI
#China #EU #US #AIrace - A new report shows that in the ever-more competitive race for AI, the US has a strong lead that China is catching up with, while the EU is falling behind little by little. (ZDNet)
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S. Korea to develop AI translator in support for OTT industry
#SouthKorea #OTT - South Korea’s ICT ministry said Friday it will develop an artificial intelligence-powered translator for local video streaming services as part of its broader support plan for the fast-growing over-the-top (OTT) media industry. (Yonhap)
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Singapore is building a 42,000-home eco 'smart' city
#Singapore #smartcities - With its centralized cooling, automated trash collection and car-free town center, could Singapore’s new eco-town offer a roadmap for slashing the city-state’s carbon emissions? The eco-town of Tengah in the island’s western region promises 42,000 new homes across five residential districts. (CNN)
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KRRI eyes smart trains from 2030
#SouthKorea #trains - Korea Railroad Research Institute has started testing 5G-based autonomous train control technology at the New Transport Science Technopolis in Osong, with a view to introducing ‘smart trains’ on key routes from 2030. (Railway Gazette)
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Huawei exec who turned the Chinese firm into smartphone giant takes the reins at the cloud and AI unit
#China #Huawei - As Huawei’s smartphone business declines, Richard Yu will be tasked with turning the company into a cloud computing and artificial intelligence giant. The Chinese multinational created its current cloud and AI business unit a year ago. (CNBC)
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Exclusive: China gene firm providing worldwide COVID tests worked with Chinese military
#China #Covid19 - BGI Group, the world’s largest genomics company, has worked with China’s military on research that ranges from mass testing for respiratory pathogens to brain science, a Reuters review of research, patent filings and other documents has found. (Reuters)
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Foreign dependence the Achilles' heel in China's giant tech sector
#China #US #techtrade - Washington has long kept a tight grip on China’s tech advances through agreements like the Wassenaar Arrangement, a multilateral export control regime. The result is that the Chinese tech sector – despite its impressive scale and growth – is heavily reliant on foreign technology. (Asia Nikkei - subscription)
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China to build $300bn electronics parts sector in break with US
#China #US #electronics - The Chinese government on Friday announced plans to expand the domestic market for electronic components to 2.1 trillion yuan ($327 billion) by 2023, in its latest step to bolster the nation’s tech sector amid a growing rivalry with the U.S. (Asia Nikkei - subscription)
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Hit by US sanctions on Huawei, Mainland China smartphone shipments decline 4% YoY in Q4
#China #US #Huaweiban - Huawei’s (including Honor) market share eroded sharply to 22% in Q4 2020 and it shipped 18.8 million smartphones while Oppo rapidly rose to second place with 17.2 million smartphone shipments, growing 23% on-year. (Economic Times)
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About Carrington Malin
Carrington Malin helps large organisations, digital brands and fast growing tech ventures with brand, communications and go-to-market strategies.
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