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SoftBank Ventures Asia changes name to SBVA after closing $150M fund
SoftBank Ventures Asia is officially changing its company name to SBVA after closing $150 million fund. SBVA, through this fund, aims to actively discover early to mid-stage startups that capitalize on technological innovations in ICT, such as artificial intelligence (AI), robotics, and computing, and create new business opportunities.
ASEAN Foundation and Microsoft launch AI TEACH for ASEAN Program to shape the region’s tech future
Recognizing the crucial role of artificial intelligence (AI) skilling in fostering inclusive economic growth by empowering workers and job seekers to supercharge their careers and businesses, the ASEAN Foundation and Microsoft have launched the AI TEACH for ASEAN program aimed at shaping the region's tech future where AI proficiency is a cornerstone of…
APAC businesses expected to nearly triple spending on generative AI to $3.4B in 2024: Infosys Research
Companies across Asia-Pacific (APAC) are quickly ramping up investments in generative AI (GenAI) and entering a higher stage of maturity, according to Infosys. The research forecasts a bigger increase than in any other region – 140 percent in the next year. This translates to an estimated $3.4 billion to be invested across Australia, New Zealand, China,…
Higlobe partners Triple-A to deliver near instant, free transfers from the US to Filipino remote workers
Higlobe, a payment solution for global businesses and remote professionals, has on Monday announced a partnership with Triple-A, the digital currency payment institution, aimed at transforming the landscape for remote workers in the Philippines by providing instant, free payment transfers from the United States.
MCI, DISG, SNG, EnterpriseSG, and Google Cloud unveil new initiatives to advance Singapore’s national AI strategy
The Ministry of Communications and Information (MCI), Digital Industry Singapore (DISG), Smart Nation Group (SNG), Enterprise Singapore (EnterpriseSG), and Google Cloud have on Monday announced various joint initiatives to further accelerate artificial intelligence (AI) adoption across government and industry; cultivate a vibrant ecosystem of AI startups;…
Danfoss unveils Asia Pacific’s Sustainability Technology Center in Singapore to accelerate decarbonization efforts regionally
Danish multinational engineering group, Danfoss, has unveiled Asia Pacific’s first Sustainability Technology Center (STC) in Singapore on Monday at the Nordic European Center, International Business Park. The STC is set to become a prime gateway for introducing global decarbonization solutions to bolster the region’s sustainability efforts through…
Singapore’s Mesh Bio raises $3.5 million of series A funding led by East Ventures
Mesh Bio, a Singapore-based health deep tech startup, announced Tuesday that it has raised $3.5 million in Series A financing led by East Ventures, a venture capital firm focusing on Southeast Asia. This round of investment is also participated by Elev8, Seed Capitals, and other existing shareholders.
Digital disruption: Pioneering the next wave of DeFi money markets
Projected to generate a revenue of $26.2 billion this year, the #DeFi market is surging ahead despite its inherent complexities and security challenges. In the ever-evolving landscape of #FinTech, continuous innovation is crucial; however, this evolution must be accompanied by a rigorous commitment to #security measures.
South Korea’s Elice raises $14.9M in Series C round led by Vertex Growth
Elice Inc. (Elice), South Korea’s upcoming artificial intelligence (AI)-powered educational platform company, has raised a KRW 20 billion ($14.9 million) Series C round. The new funding is led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global investment company Temasek.
