Startup News Asia

"AI Safety Institutes, or AISIs, are one of the most important new structures to emerge in international AI policy... The US and UK were the first... followed later by the EU, Japan, Singapore, France, and Canada." "To date, China has not designated an official, national-level AISI, despite its prominent position in AI and apparent ambitions to influence international governance. Nevertheless, as our recent report highlights, there are a number of government-linked Chinese institutions doing analogous work. Looking forward, it still seems plausible that China will establish a single body acting as an official counterpart to AISIs around the globe." https://lnkd.in/gg4wx_yc #japan #singapore #china #artificialintelligence #ethics #technology #indopacific

China: Gov't moves to curb tech giant use of algorithms to influence opinions online, issuing 3-month deadline for action on a wide range of concern areas "They should also crack down on unfair pricing and discounts targeting different demographics, ensure 'healthy content' for elderly and children, and impose a robust 'algorithm review mechanism and data security management system', the report said." https://lnkd.in/gn-aiGwB #china #technologynews #chinatech #govtechasia #asiatechnews #socialimpact

Cambodia: Khmer Enterprise unveils UNIPRENEUR Season 3, spanning 50 universities with the goal of boosting Cambodia's youth entrepreneurship and innovation skills https://lnkd.in/gcQ__xDx #cambodia #startupcambodia #asiatechnews #startups #entrepreneurship

Philippines: Central bank looks to tighten virtual assets reporting requirements via new reporting portal, commencing January 1st 2025, in bid to boost stability and trust "The central bank’s regulation of virtual assets aligns with the broader governmental crackdown on POGOs [Philippine offshore gaming operators], showing a unified strategy to strengthen financial oversight and ensure public safety. Introducing 13 new reporting measures underscores efforts to create a secure framework for virtual asset transactions, aiming to balance innovation with stringent regulatory standards." https://lnkd.in/ePwH3zXS #philippines #cryptonews #digitalassets #govtechasia #fintechnews #asiatechnews

China's manned lunar mission, targeting a moon landing by 2030, includes a a three-day rover vehicle exploration of the moon's surface "The mission aims to achieve critical advancements such as enabling manned Earth-Moon travel, short-term lunar surface habitation, and joint human-robot exploration. Tasks include lunar landing, surface mobility, sample collection, scientific research, and a safe return to Earth." https://lnkd.in/gcGZrRN5 #china #spacetech #lunarlanding #spacetechnology #moonmission #nasa

India: "The overall Indian public cloud services market is expected to reach $24.2 billion by 2028, growing at a CAGR of 23.8% for 2023-28." "While enterprises continue to modernize IT on IaaS offerings, core business applications have a shifting trend to SaaS models on public cloud. These offerings are further enhanced by GenAI technologies to improve user experience and productivity..." https://lnkd.in/g5KJDywb #india #cloudcomputing #genAI #asiatechnews generativeAI #datacenters

India: Central bank is to launch a 2025 trial, offering cloud data storage to financial firms at affordable prices via domestic hosts, in move to counter dominance of global cloud firms "The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank." "The pilot will be expanded in phases over the next few years, the source said, adding the cloud service will be built keeping in mind the needs of smaller banking and financial services firms who find existing offerings unaffordable." https://lnkd.in/gnciDYBF #india #cloudcomputing #technologynews #startupindia #asiatechnews #datasec

China: Alibaba has raised $5BN via Hong Kong-based dual-currency bonds - $2.65BN in US dollar-denominated notes and $2.35BN in offshore yuan-denominated notes https://lnkd.in/gBTGuXZx #china #venturecapital #chinatech #technologynews #asiatechnews

Gobi-Core Philippine Fund unveils new report, 'Philippine Horizons - Filipino Innovation in the ASEAN Landscape' in partnership with Alibaba Cloud and Eskwelabs "Funding winter is ending as total funding rebounds in 2024. Year-to-date technology funding in the Philippines has finally surpassed US$1 billion, nearly quadrupling last year’s figure." https://lnkd.in/gWXFbjwf #philippines #venturecapital #techstartups #startupPH #asiatechnews