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Talk about unicorns; Using AI to monitor air pollution in real time

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There's a lot of talk about unicorns this week, since market intelligence firm CB Insights released i
 
August 6 · Issue #41 · View online
Asia AI News
There’s a lot of talk about unicorns this week, since market intelligence firm CB Insights released its venture capital stats a few days ago. ‘Unicorn’ generally refers to a privately held startup valued at more than $1 billion.
CB Insights estimates that there were 380 unicorns globally at the end of July 2019, up about 50 percent from July last year. The firm counted 187 unicorns in the U.S., 94 in China, 19 in Britain and 18 in India. 
However, the estimates for numbers of billion dollar startups do vary from analyst to analyst. Shanghai-based research firm Hurun, for example, estimated in May 2019 that there are more than 200 such companies in China (so, double CB Insights’ estimate).
Every country now seems to want more unicorns and is developing strategies on how to encourage them. Japan, which according to CB Insights has just two unicorns, has now set a target of 20 unicorns by 2023. Việt Nam’s goal is to have at least five home-grown unicorns by 2025.
Meanwhile, speculation about China’s long term investment climate is definitely ramping up a notch as fewer and fewer analysts seems to believe i) that the US will be successful in negotiating with China on trade and ii) that it will make that much difference in the longer term anyway. China’s already putting all its might behind it’s 'Made in China’ strategy and that means pretty much what it says, developing advanced tech and tech-enabled products at home and not importing them from the U.S. or elsewhere. Scroll down for a couple of good reads on China investment.
Lastly, two more good reads!
  • Seeking Alpha has published a detailed review and analysis of robotics software startup CloudMinds, ahead of its planned IPO (no date yet).
  • Carnegie Endowment for International Peace researchers try to define what the global machine learning value chain means for geopolitics.
/Carrington

Startup News
CloudMinds starts U.S. IPO effort
SWS Capital acquires 51% stake in robotics firm MATA Aerotech
Razorpay acquires Gurugram- based AI startup Thirdwatch
Delhi startup changing how we track air pollution
Japan's unicorn population a shadow of those in the US and China
Source: CB Insights (via Asia Nikkei)
Source: CB Insights (via Asia Nikkei)
Việt Nam wants to have 10 tech “unicorns” in 2030
Smart Cities
Mandalay: royal capital to smart city
Telangana’s new chatbot to facilitate registration processes
Autonomous Vehicles
Didi spins off costly autonomous driving unit
Digital Readiness
As Japan frets about dearth of AI talent, Daikin develops own program
US-China Trade War
The Chinese market will never be the same
Understanding and investing in China's ascendancy
Geopolitics
What the machine learning value chain means for geopolitics
Books
‘Bridgital’ aims to bridge urban-rural divide
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