Asia AI Reporter for Bloomberg @business @technology @BW
Tips - SRai33@bloomberg.net
The great Chinese AI migration
As tensions mount between the China and the US, Chinese AI entrepreneurs are moving to Singapore in search of global capital, compute power and international customers
tinyurl.com/4rh6wfv2
via @bloomberg.com
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Don't miss this fab read & spectacular graphics put together by a global team of reporters, editors & data experts!
Data centers already use more electricity than most countries.
AI's insatiable thirst for energy as seen in data center hubs Johor Bahru, Virginia, Ireland...
tinyurl.com/5t53dmhb
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Meet Bhoomi and Krish, the lifelike AI anchors dispensing farming news, commodity prices, weather updates & latest agri-research to farmers in the far-flung corners of India. The virtual anchors speak 50 languages
via @bloomberg.com
tinyurl.com/3mdpn42e
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Twelve Labs, which builds specialized AI models for video, has raised $50M led by Nvidia & NEA. Customers of SF-based startup, conceived by two Korea-born engineers, include Hollywood studios, European sports leagues, world's biggest social media influencers @bloomberg.com
tinyurl.com/8w3ntupu
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Touchcast, a startup that caches frequently-asked queries to make AI systems like GPT-4 more efficient, is raising $100M from venture backers including Microsoft Corp, an investor in OpenAI via @bloomberg.com
tinyurl.com/4b2zetuf
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This is only the beginning.
The economic impact of generative AI is just starting, says Mira Murati, CTO, OpenAI.
“But what we’ve seen so far is that over a very short amount of time, these AI systems have entered the workforce as collaborators.”
@bloomberg.com
tinyurl.com/yrkacjks
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This tiny Mediterranean island wants a piece of the AI frenzy!
Malta, population: 0.5 million, is trying to deploy artificial intelligence to solve some its biggest challenges
via @bloomberg.com
tinyurl.com/mryc6yhe
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Temasek, France's sovereign fund back AI investor Alpha Intelligence's new $250M Fund
The Luxembourg-based AIC expects final close in Sept.
The former SenseTime investor (it has mostly exited China AI giant) is deploying into likes of OpenAI & FlexAI
via @bloomberg.com
tinyurl.com/5h8jnmuf
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AI pioneer Kai-Fu Lee wants to give China its ChatGPT moment. His 01.ai launches AI app Wanzhi for consumers -- to write meeting minutes, create spreadsheets, slide decks, & abstract books eg 600,000-word Elon Musk biography via @bloomberg.com
tinyurl.com/3fbaswza
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Microsoft is plowing billions into Asia to boost AI and data center infrastructure. Latest: CEO Satya Nadella announced a $2.2B investment into Malaysia on Thurs, its largest ever.
via @bloomberg.com
tinyurl.com/4xkxc494
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Satya Nadella is on a three-city tour of Southeast Asia, preaching AI: Jakarta, Bangkok & Kuala Lumpur over three days this week
SE Asia is shaping to be one of the biggest US vs China battlegrounds for tech giants+startups in AI, data centers and beyond
tinyurl.com/5n77mmsy
via @bloomberg.com
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The rise of AI clones in business
Startups like Touchcast & Synthesia are building lifelike AI twins - and VCs are using them to raise money, professors are extending office hours, analysts' AI twins are engaging with clients
via @bloomberg.com
tinyurl.com/fa8b4x64
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An Indian deepfaker's showing the world it's never been faster, cheaper & easier to use AI to influence elections
2024 is a historic year for democracy with 60+ elections around the world including in India, where prime minister Modi seeks a 3rd term
via @bloomberg.com
tinyurl.com/mr4ckymr
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AI startup Bridgewise has raised $21 million Series A from SIX Group, others
Tel Aviv-based startup builds AI models to provide real-time and up-to-date investment research on global securities to brokerages, wealth advisers & exchanges
tinyurl.com/29f6jhaf
Via @bloomberg.com
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AI chipmaker Hailo raises $120M at $1.2 billion valuation, as chip startups accelerate growth of artificial intelligence
It builds energy-efficient chips for the edge, helping robots, PCs etc handle AI compute needs locally and not via cloud data centers
@bloomberg.com
tinyurl.com/ycxb63ph
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AI startup co-founded by three 24-year-old Stanford alums is trying to make fax machines work for, and not against, healthcare
Tennr gets $18M fm Andreessen Horowitz, Y Combinator++ for AI tools that analyze, respond to key information in faxes
via @bloomberg.com
tinyurl.com/3a4kb5ht
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This three-year-old startup bets AI can help fix global accountant shortage
Fieldguide raises $30M from Bessemer++ to build AI tools for audit, compliance, fraud detection, forensic services - helping save accountants & auditors the tedium of repetitive work
@bloomberg.com
tinyurl.com/6dt5crdb
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A medical image exchange startup founded by two brothers has raised $33M from Deloitte, Samsung, Round13, Radical & others.
Toronto-based PocketHealth deploys AI to personalize and smoothen the experience for 1.5 million patients and 775 hospitals & providers
@bloomberg.com
tinyurl.com/4ezkw7vh
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Nvidia, the world's most valuable chipmaker, has backed a little-known data center operator called Yotta, to deliver 20,000 H100s in India's biggest bet on AI. The first of these hard-to-get, ~$50,000/piece chips arrived in Mumbai last week via @bloomberg.com
tinyurl.com/bemez39e
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Two physicians, a seven-year veteran of the FDA and a doctor-scientist from Massachusetts General Hospital, raise $30M for AI startup targeting oncology clinical research.
Pi Health works in US, Brazil, India & Australia, with plans to expand to Europe
@bloomberg.com
tinyurl.com/husmwh24
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Accel Backs Two 33-Year-Old AI Scientists Trying to Kill Paperwork
Nanonets wants to help enterprises stop looking for needles in proverbial haystacks of paperwork
Via
@bloomberg.com
tinyurl.com/35xpvjes
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MIT scientist's startup Overjet raises from March Capital, MIT's E14 Fund, American Dental Association & others, to deploy AI for dentists. Founder Wardah Inam's goal is to standardize dental treatments and streamline insurance claims
tinyurl.com/5vpb42m9
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Safety startup RapidSOS raises from BlackRock to close $150M funding round.
The NY-based startup uses AI to help emergency response teams be better equipped. Founder Michael Martin says he wants to build "AI Copilot for 911 calls"
tinyurl.com/4du65j8d
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Elon Musk is suing OpenAI and Sam Altman for breaching OpenAI's founding mission
Musk's lawsuit filed Thurs in a San Francisco court says OpenAI and its founder have breached the founding agreement by putting profit ahead of benefiting humanity
via @bloomberg.com
tinyurl.com/3m5twx3x
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Intenseye, an AI startup for workplace safety, has raised $46M from Lightspeed Venture, Insight Partners & others.
It uses computer vision & genAI to flag, help fix millions of safety hazards for clients like Heineken, Swire Coca-Cola
@bloomberg.com
tinyurl.com/sc8636fv #AI
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This startup uses AI and sensor systems to accurately & efficiently map the underground for clients including LA Metro and PG&E.
Exodigo has raised a $105M Series A round from Greenfield Partners, Zeev Ventures, SquarePeg, and others
via @bloomberg.com
tinyurl.com/4bj4xekr
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Dara played cricket in India. Can cricket go to America?
Dara Khosrowshahi of Uber hit a four, then got out in match with India colleagues & Uber drivers. Can tech honchos Nadella of Microsoft, Pichai of Google, Narayen of Adobe et al take cricket to the US in a big way?
tinyurl.com/39s7fwh4
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Box, Accel alum get funding for their Santa-Clara-based startup, Interview Kickstart, which helps navigate the severe talent crunch in AI
Via @bloomberg.com
tinyurl.com/49nuve47
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Hanooman, Dara, Fei-Fei this week!
Richest Asian Mukesh Ambani's AI model Hanooman
tinyurl.com/4czybr9p
Fei-Fei, Suleyman, Ng- AI biggies at tech conf
tinyurl.com/57xcepfs
Uber CEO Dara Khosrowshahi on rare visit to India, where "nobody wants to pay for anything"
tinyurl.com/ye6h2zt4
@bloomberg.com
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Ex-Amazon duo's Marqo raises funds from Lightspeed, Blackbird Ventures, January Capital & others, to build AI search tech for unstructured data.
Unstructured data(emails, product specs, contracts etc) accounts for up to 90% of all enterprise data
Via @bloomberg.com
tinyurl.com/87zuhafb
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Founderful (formerly Wingman) is raising new $120 million fund to back Swiss artificial intelligence & deep tech startups.
VC firm wants to fashion version of Silicon Valley in Switzerland, managing partner Alex Stöckl says.
Country ranked #1 in Global Innovation Index 2023
tinyurl.com/5b2xj47a
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Unlearn, an AI startup which spurs clinical research in neurology, immunology & cardiovascular Phase 2 & 3 clinical trials by developing virtual copies (digital twins) of participants, has recieved $50M in a Series C round raised from Altimeter, Radical, Mubadala & others
t.co/OYCcpImDar
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Nadella & Microsoft woo India
Countries must aggressively invest in AI to boost GDP, Nadella says to roomful of execs in Mumbai;
Developers must use Copilot & other AI tools, Nadella says to 100K developers logged into his Bangalore event
tinyurl.com/23tu8dpk
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Top Microsoft and Google execs are in India this week and next, trying to win hearts and minds of large pool of developers. India's 5+ mn coders can speed up adoption of rival giants' AI technologies, critical to winning the global AI race
tinyurl.com/59dypas8
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Stanford-Harvard entrepreneur duo gets seed funding from Lightspeed Venture for their AI startup p0 that helps detect software failures, and thwart data breaches
Via @bloomberg.com
tinyurl.com/5apb5ksr
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AI chatbot builder Kore.ai gets $150M from Nvidia & FTV Capital to expand customer base. The Florida-headquartered co's virtual agents conduct 450 million interactions daily, increasingly using generative AI
Via @bloomberg.com
tinyurl.com/3cvcdjjc
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Krutrim becomes India's first AI unicorn
Raises $50 million from Matrix Partners & others at $1B valuation to build AI products & services, and expand overseas. India has to build own large language models, says Krutrim (and Ola Group) founder, Bhavish Aggarwal
tinyurl.com/ytm6rfcf
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Unusual AI IPO!
An AI startup founded by a born-in-Nepal, Columbia Univ-trained entrepreneur is taking the SPAC route for a $200 million Nasdaq IPO.
Sameer Maskey's Fusemachines builds AI enterprise solutions
via @bloomberg.com
tinyurl.com/4nb6pkdh
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Nvidia alum snags seed funding for startup that helps fix broken AI
As AI proliferates, RagaAI founder Gaurav Agarwal says there's a dire need to diagnose & repair flaws such as hallucinations & poor data labeling, even more so in high-stakes use cases
tinyurl.com/zpar42er
Via @bloomberg.com
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Humans still cheaper than AI in many jobs!
A MIT Computer Science and Artificial Intelligence Lab study says workers can't be cost-efficiently supplanted by computer vision & other AI. Yet.
Via @bloomberg.com
tinyurl.com/6y2ybh4h
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AI can convincingly mimic your handwriting!
After voice clones & deepfakes, this AI can replicate handwriting with just few paras of material.
The tech could help the injured, say researchers at MBZUAI who've patented, but there's risk of forgery & misuse
@bloomberg.com
tinyurl.com/2kc7y2nw
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AppDirect, a JPMorgan-backed ecommerce marketplace to buy, sell, and manage apps and AI bots, has raised $100 mn from Canadian pension fund CDPQ to buoy growth. The San Francisco-headquartered startup is piloting an AI apps marketplace
tinyurl.com/d3n3hu4j Via @bloomberg.com
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Who's Harry Potter!
AI researchers have a magic tool to understand to understand & advance their field: Harry Potter
The books' enduring influence in popular culture, and wide range of language data & complex wordplay lend to cutting-edge AI research
Via @bloomberg.com
tinyurl.com/4em357rd
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Everybody's played the Labyrinth. Now an AI robot can beat the most seasoned players
ETH Zurich researchers Rafaello D'Andrea & Thomas Bi built AI robot CyberRunner. In 6 hrs, the robot bested pros at the maze-and-marble game, using strategy & physical dexterity
@bloomberg.com
t.co/bzEcTiQeaA
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Two ex-Uber data leaders founded Delphina to help businesses quickly build AI models for forecasting, price prediction, fraud detection etc
The months-old Valley startup has got $7.5M seed fm investors like Radical, Costanoa, & Stanford prof Fei-Fei Li Via @bloomberg.com
tinyurl.com/bde2tn54
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Everything is fine again?
Days after the tumult at OpenAI and his return to the helm, Sam Altman is back touting the virtues of AI. It was his first public appearance since Altman's firing and speedy comeback
Via @bloomberg.com
tinyurl.com/3n4rjk4y
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A frugal little generative AI startup, Sarvam, is building Large Language Models (LLMs), infra & applications for 1.4 billion India
Its first open source LLM trained in 10 Indian languages, will release in weeks
Countries are racing to build sovereign LLMs
Via @bloomberg
lnkd.in/g7Q2d3zi
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This startup uses AI to engineer proteins, changing how drugs, lab-grown food, single-use plastic... are made
Europe's Cradle gets $24M in early funding to hasten design of proteins beyond what exists in nature
Founder Stef van Grieken is a Google alum
Via @bloomberg.com tinyurl.com/ycxmpt6r
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A once-fringe philosophy, Effective Altruism is said to be at the heart of the OpenAI farrago!
Its adherents consist of the Who's Who of Silicon Valley's AI industry and beyond
Via @bloomberg.com
tinyurl.com/bdfwke7e
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The man in the hotseat at OpenAI - at least for now.
Meet Emmett Shear, interim CEO, pulled into the battle to save AI's soul Via @bloomberg.com
tinyurl.com/4trnhz7h
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