Good morning, Here’s your first Asia AI News for this week! Lots of news to share from over the weeke
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| September 7 · Issue #298 · View online |
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Good morning, Here’s your first Asia AI News for this week! Lots of news to share from over the weekend. However, the biggest is probably the Reuters story confirming that the Trump administration is mulling whether to add China’s largest chipmaker to its trade blacklist. SMIC, or Semiconductor Manufacturing International Corporation - which is “in complete shock” over the news - last year hitting more than $3 billion in revenue. 60% of its revenue comes from China (incl. Hong Kong), but 26% comes from the U.S. Meanwhile, SMIC uses U.S. equipment to make its processors, meaning that it’s also vulnerable to U.S. restrictions on sales to its customer Huawei. SMIC lags behind its Taiwan rival TSMC China in technology, but nevertheless is a key player in government plans to ramp up ‘made in China’ chip production. In July, SMIC became the biggest IPO that mainland China has seen a decade. The IPO raised 46.28 billion yuan ($6.62 billion) on Shanghai Stock Exchange. If Trump wants to inflict more damage on China’s tech industry, putting SMIC on the black list is surely one way accomplish this! Scroll down for the SMIC story (near the end) and lots more. Have a great week ahead! /Carrington
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SoftBank leads $136m investment in health startup
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Chinese 'corona-tech' startups raising big money
#China #funding - Funding in private companies in China from January through June was concentrated in medicine and health care, as well as “corona-tech” companies that have developed solutions amid the pandemic, according to Chinese startup news site 36Kr, ( Asia Nikkei)
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A Russian-born startup based in Singapore uses AI to penetrate the mysteries of human longevity
#Russia #Singapore #healthcare - Gero has teamed up with the National University of Singapore, conducting experiments involving aged animals. These experiments “demonstrated mortality delay and functional improvements after a single experimental treatment,” says the startup. (Intellinews)
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DB Schenker invests record-breaking €101 million into new automated warehouse
#Singapore #logistics - German supply chain management and logistics company DB Schenker has successfully started operation of its “globally leading regional hub” for automated high-speed logistics. The warehouse is the first equipped with an in-house designed robotic labeling system. (Robotics & Automation)
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XYZ Robotics wants to free humans from menial labor inside warehouses
#China #logistics - XYZ Robotics just received USD 20 million investment in a Series A round led by Source Code Capital. Investors are betting that robots will be increasingly adopted in China to support processes in warehouses. (KR Asia)
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Robots help upgrade shopping malls
#China #shoppingmalls - Robots are playing a bigger role in shopping malls. For example, Chinese tech company Cheetah Mobile has deployed more than 7,000 robots in nearly 1,000 shopping malls and markets across 32 cities in China, as it aims to use robotics’ big data to improve the efficiency of offline economies. (China Daily)
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S. Korea's R&D budget spending to rise 12.3 pct next year
#SouthKorea #R&D - South Korea’s government said Friday that it is seeking a 27.2 trillion won ($22.8 billion) R&D budget for 2021 to secure growth for future generations. The sum represents a 12.3 percent increase from 24.2 trillion won for 2020 and marks the second year of a double-digit annual rise. (YNA)
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S. Korea to set up 20 trillion-won fund for New Deal projects
#SouthKorea #smartcities - South Korea will set up a fund worth 20 trillion won ($16.8 billion) over the next five years to promote the Korean New Deal projects that will create millions of jobs and revive the virus-ravaged economy. (KoreaBizwire)
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Indian smart cities better equipped to manage emergency situations like Covid-19: Deloitte
#Indian #smartcities - Smart solutions and data analysis can enable effective governance and administration to control emergency situations like Covid-19, while putting in place a disaster response and recovery strategy, according to a recent study by global consultancy Deloitte. (Businessworld)
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IIT Roorkee inks MoU with NIUA for collaboration in building accessible, safe and inclusive Indian cities
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Singapore must remain open to global tech talent to create jobs and opportunities for citizens: Iswaran
#Singapore #talent - Singapore must remain open to the diversity of companies in the tech sector to ensure good jobs for Singaporeans, Minister for Communications and Information S. Iswaran told Parliament on Friday. ( Straits Times)
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Hyderabad among top cities for career in AI
#India #talent - Hyderabad is one of the top five cities in the country to offer jobs in the field of AI, the latest report by job portal site Indeed has revealed. (New Indian Express)
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AI-related jobs openings and searches have gone up: report
#India #talent - Job openings in AI have gone up by 30% in June compared to the same period last year, as per data from jobs site Indeed while job searches have seen a 90% spike. (Times of India)
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Trump administration weighs blacklisting China's chipmaker SMIC
#China #US #blacklist - The Trump administration is considering whether to add China’s top chipmaker SMIC to a trade blacklist, a Defense Department official said, as the United States escalates its crackdown on Chinese companies. (Reuters)
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US threat to target China’s biggest chip maker SMIC risks undermining drive to boost local tech sector
#China #US #blacklist - White House considers adding manufacturer SMIC to blacklist that would force US suppliers to apply for an export licence. The impact on Chinese technology firms could hit everything from smartphones to missile guidance systems. (SCMP)
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Banning Chinese nationals takes cold war to extremes
#China #US #tradewar - With tensions between the U.S. and China heating up, there are increasing calls for expelling or barring Chinese nationals from U.S. universities and corporations. (Bloomberg)
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About Carrington Malin
Carrington Malin is a UAE-based entrepreneur, marketer and writer who focuses on emerging technologies.
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