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Southeast Asia’s $60 billion AI boom isn’t reaching its own startups

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Southeast Asia is rapidly positioning itself as an investment hotspot for AI giants like Nvidia and Microsoft, which are channeling billions into cloud services and data centers. However, the region’s young tech companies are struggling to harness this boom.

While global corporations plan to invest up to $60 billion in Southeast Asia, fueled by the region’s embrace of video streaming, online shopping, and generative AI, much of this capital bypasses local startups focused on artificial intelligence. Investors remain cautious about betting on unproven entities, and Southeast Asia has yet to establish itself as a hub for scalable, innovative AI firms.

So far in 2024, venture capital funding for Southeast Asia’s AI startups has amounted to just $1.7 billion—less than 9% of the $20 billion invested across the Asia-Pacific region, according to Preqin. Only 122 AI-related funding deals have been recorded in Southeast Asia, compared to 1,845 across the broader APAC region.

Challenges in Scaling AI Innovation

This funding gap underscores doubts about Southeast Asia’s ability to compete with AI leaders like the US and China. In 2024, the US attracted $68.5 billion in AI investments, while China secured $11 billion. Although Southeast Asia boasts over 2,000 AI startups—more than South Korea and nearing Japan’s numbers—the region’s cultural and economic diversity complicates efforts to scale innovations effectively.

“Southeast Asia’s diversity in language, culture, and infrastructure makes it challenging to create large, unified datasets, which are critical for scaling AI solutions,” said Jussi Salovaara, managing partner at Singapore-based VC firm Antler.

Additionally, the region lacks the infrastructure to support large-scale development of foundational AI models, hardware, and software engineering. This limitation deters investors seeking to capitalize on cutting-edge AI opportunities, according to Sang Han, a partner at East Ventures.

Structural and Financial Hurdles

The broader venture capital ecosystem in Southeast Asia faces significant challenges. Weak IPO markets and limited exit opportunities have stymied the region’s ability to replicate Silicon Valley’s private capital model. Research by Google, Temasek Holdings, and Bain & Company shows private funding in Southeast Asia is poised to hit record lows, as investors grow more selective and cautious amid rising costs.

Governments in the region have recognized the need for intervention. National AI frameworks are in place across the board, with Singapore leading efforts by providing funding to startups through state-backed investment vehicles. However, a lack of regional coordination hinders progress.

“Countries in Southeast Asia prioritize vastly different agendas—some focus on high-tech sectors, while others work to improve basic infrastructure,” said Kelvin Lee, co-founder of investment platform Alta. “This divergence makes it difficult to foster moonshot innovation on a regional scale.”

Opportunities for Growth

Despite these hurdles, Southeast Asia remains a region of untapped potential. Its digital economy continues to grow at double-digit rates in both revenue and profitability, driven by a rising middle class, increasing mobile and internet penetration, and relative insulation from US-China geopolitical tensions.

Experts see promise in early-stage AI opportunities, such as the collection and organization of big data. “Building core assets through big data management can create a competitive advantage for the region,” said Weisheng Neo, a partner at venture capital firm Qualgro.

Some success stories underscore this approach. Singapore-based Patsnap has spent nearly two decades amassing and organizing data for use in AI models, enabling clients like NASA, Tesla, and Disney to leverage its resources. The company now uses its datasets to develop sector-specific AI tools, including natural language processing.

Similarly, Indonesia’s Alpha JWC has collaborated with the Pijar Foundation to establish a sandbox that connects AI startups with large corporations, providing insights into real-world challenges and fostering talent development.

Collaboration as the Key to Progress

For Southeast Asia to capitalize on the AI boom, greater collaboration among stakeholders is essential. This includes governments, regulators, corporations, and consumers working together to build a robust ecosystem.

“Capital alone is not enough,” said Jefrey Joe, partner at Alpha JWC. “Success depends on fostering a cohesive ecosystem where every stakeholder plays a role.”

While challenges remain, the optimism within Southeast Asia’s startup ecosystem suggests there is still time to ride the AI wave—provided the region can bridge its gaps and harness its untapped potential.

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Flipkart Offers Huge ₹26,000 Discount on Google Pixel 9—Grab the Deal Now!

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Flipkart Offers Huge ₹26,000 Discount on Google Pixel 9—Grab the Deal Now!

Tech enthusiasts looking for a high-end smartphone upgrade can now grab the Google Pixel 9 at an unbelievable discount on Flipkart. The e-commerce giant is offering a massive price cut on the flagship Pixel 9, making it a great opportunity for buyers to own this premium device at a much lower price.

Google Pixel 9 Discount Details on Flipkart

The Google Pixel 9 was originally priced at ₹79,999, but Flipkart is now offering the device for ₹74,999, giving an instant discount of ₹5,000. However, additional offers can further lower the price by a significant margin.

Additional Bank Offers

Flipkart is providing additional discounts through select bank offers:

  • HDFC Bank Credit Card EMI Transactions: Customers using HDFC Bank credit cards for EMI purchases can avail an extra ₹4,000 discount, bringing the effective price down to ₹70,999.

Exchange Offers: Get Up to ₹38,150 Off

One of the biggest attractions of this deal is Flipkart’s exchange offer, allowing users to trade in their old smartphones for an additional discount. Depending on the model and condition of the exchanged device, buyers can get a discount of up to ₹38,150. If the maximum exchange value is applied, the effective price of the Google Pixel 9 can drop to as low as ₹32,849.

Google Pixel 9 Specifications

For those considering the Pixel 9, here’s a quick look at its top features:

  • Display: 6.3-inch OLED with high refresh rate
  • Processor: Google Tensor G4 for enhanced performance
  • RAM & Storage: 12GB RAM, 256GB internal storage
  • Rear Camera: 50MP (main) + 48MP (ultrawide) dual-camera setup
  • Front Camera: 10.5MP for high-quality selfies
  • Battery: 4700mAh with fast charging support
  • Software: Runs on the latest Android 15 with guaranteed updates for 7 years

The Pixel 9 is available in multiple color variants, including porcelain, obsidian, Peony, and wintergreen, giving users stylish options to choose from.

How to Avail This Offer on Flipkart?

To grab this deal, follow these steps:

  1. Visit Flipkart: Go to Flipkart’s official website or app.
  2. Select the Google Pixel 9—choose your preferred color and variant.
  3. Check for Bank Offers: Ensure you apply the HDFC Bank discount if eligible.
  4. Opt for Exchange (if applicable): If you have an old smartphone, select the exchange option and check the discount available for your device.
  5. Proceed to Payment: Complete the transaction and enjoy your new Google Pixel 9 at a heavily discounted price.

Is This the Right Time to Buy?

With a massive discount of up to ₹26,000, this Flipkart deal makes the Google Pixel 9 an irresistible buy for those wanting a premium smartphone with flagship-level performance, AI-powered cameras, and Google’s software experience. If you have been considering an upgrade, now is the perfect time to grab the Pixel 9 at its lowest price yet.

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Nvidia-Backed Field AI in Talks to Raise Funds at $2 Billion Valuation

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Nvidia-Backed Field AI in Talks to Raise Funds at $2 Billion Valuation

Field AI, a California-based robotics startup, is reportedly in discussions to raise several hundred million dollars at a staggering $2 billion valuation. This marks a fourfold increase from its previous valuation of $500 million last summer when NVIDIA Corp (NASDAQ: NVDA) and other investors backed the company. The funding negotiations, first reported by The Information, underscore the growing investor interest in AI-driven robotics solutions across various industries.

Field AI’s Cutting-Edge Robotics Technology

Unlike many emerging robotics firms that are still in the developmental stages, Field AI has already started generating revenue in the millions by offering access to its specialized AI models. These models are designed to help robots execute complex tasks across industries such as construction, oil and gas, and manufacturing.

One of the company’s key innovations is an external hardware unit that enables existing robotic systems—such as those from Boston Dynamics and Unitree Robotics—to integrate with Field AI’s software. This technology allows robots to perform intricate, real-world tasks with greater autonomy and efficiency.

Building the Future of Robotic Autonomy

Field AI is actively developing a multimodal large AI model, an advanced system that integrates multiple data inputs, including text, images, voice, and lidar sensor data. This integration enhances the ability of robots to navigate complex environments and respond more effectively to human instructions.

By leveraging deep learning and sensor fusion technologies, Field AI aims to improve robotic decision-making and adaptability. The startup’s AI models are designed to bridge the gap between theoretical robotics advancements and practical, real-world applications, positioning the company as a leader in AI-powered automation.

A Growing Market for Robotics AI

Field AI’s funding discussions come amid a broader surge in investor enthusiasm for robotics and AI startups. Several companies in the space have also pursued high-profile funding rounds:

  • Skild AI, a competitor in the autonomous robotics field, has reportedly explored a fundraising round at a $4 billion valuation.
  • Physical Intelligence, another robotics AI firm, successfully secured financing at around $2 billion in November.

The increasing valuation of AI-driven robotics firms reflects the industry’s potential to revolutionize automation in key sectors, from industrial work to consumer robotics.

Future Outlook and Market Implications

While details about Field AI’s potential investors remain undisclosed, the company’s rapid growth trajectory suggests strong confidence from major financial backers. If the funding round is successful, Field AI could accelerate the deployment of its technology, expand into new industries, and continue advancing the state of robotic intelligence.

As AI-powered robotics continue to evolve, Field AI’s innovations may play a pivotal role in shaping the future of autonomous systems, making industrial operations safer, more efficient, and more adaptable to dynamic environments.

With the backing of major tech players like NVIDIA, Field AI is well-positioned to lead the next wave of AI-driven robotics solutions—potentially redefining the automation landscape in the coming years.

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Aeon & Trisl Group Makes History, Secures No.1 Spot at Emaar Awards for Second Consecutive Year and Sixth Consecutive Quarter with Record- Breaking Sales Performance

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Aeon & Trisl Group has once again set a new standard in the UAE’s real estate market by being awarded the No.1 ranked agency at the Emaar Annual Broker Awards 2024. This marks their second consecutive year at the top and an unprecedented sixth consecutive quarterly victory, underscoring the firm’s unwavering dominance in the industry. With over AED 2 billion in sales exclusively through Emaar—an all-time record—the group has outpaced all expectations and raised the bar for its peers.

“Winning the No.1 title from Emaar for the second consecutive year and the 6th consecutive time for a quarter is a historic achievement for us. This success reflects our strategic vision, the dedication of our global team, and our unwavering commitment to delivering exceptional experiences to our clients “ said Mr. Saleem Karsaz, Founder & Group CEO of Aeon & Trisl.

This remarkable success is not solely attributed to leadership but also the company’s seamless operational execution. Under the stewardship of Chief Operating Officer Mr. Baber Shah, the company has been able to implement its vision with flawless precision. “These accolades from industry leaders like Emaar and other major players are the result of long-term strategic planning combined with operational excellence,” Mr. Shah stated.

The momentum driving Aeon & Trisl’s dominance in the market is also reflected in the words of Mr. Noor Mukaty, Cofounder & Partner at Aeon & Trisl, who said, “We are well-positioned to sustain our momentum, achieve even greater milestones, and further expand our global presence in real estate.”

Aeon & Trisl’s continuous recognition across multiple developers reaffirms its position as an industry leader committed to providing top-tier real estate solutions. Mr. Ali Saleem Gilani, CEO Pakistan & UK, emphasized, “Our global approach and innovative strategies have allowed us to consistently outperform in competitive markets.”

Further reinforcing Aeon & Trisl’s international expansion, Mr. Hasnain Bayar, Partner UK, stated, “With our growing presence across key global markets including London Mayfair, we continue to adapt and innovate, ensuring that our international offices uphold the same standard of excellence.”

One of the key driving forces behind this achievement is the single highest contributor, Mr. Sikander Aziz, Associate Partner, whose client-focused approach and exceptional negotiation skills have consistently secured high-value deals. His efforts have been crucial in driving the company’s record-breaking sales performance time and again. “Achieving this milestone is not just about numbers; it’s about trust, perseverance, and delivering excellence at every step. This is a testament to all the hard work put in throughout this incredible journey, and I am proud to be a part of this historical moment,” Sikander Aziz added.

The success is not merely an individual achievement; it is a collective triumph powered by the dedication and expertise of the entire Board Members & Sales team. Mr. Sharjeel, Associate Partner, emphasized, “Every deal closed is a step toward an even greater goal, and this award is proof that when a team shares a vision, the results speak for themselves.”

The pursuit of excellence was also echoed by Mr. Kashif Qureshi, Associate Partner, who asserted that, “Success in real estate is never given; it is earned through determination and an unwavering pursuit of excellence—something that defines Aeon & Trisl.”

Ms. Fatima Alkobaisi, Associate Director, expressed immense pride in the team’s resilience, highlighting that “The real value of their work is reflected in this achievement, emphasizing that it belongs to everyone at Aeon & Trisl, and it’s a reflection of our collective commitment to excellence.”

Mr. Mateen Lakhiya, Associate Director, acknowledged that, “This milestone is a direct result of the dedication and relentless effort of the entire Aeon & Trisl team, where it is a true reflection of the benchmark they’ve set in the industry.”

The company’s key figures have repeatedly emphasized the importance of hard work and persistence. Mr. Shakir Chohan & Mr. Vineet Varma  both agreed that success is earned through a client-first mindset. As This award validates the passion the team brings to the industry every day.

This achievement also highlights the crucial role of a team that consistently refuses to accept anything less than the best. Mr. Hafiz Waqas praised the team’s unyielding commitment to excellence, while Mr. Rayyan Maniya & Mr. M. El Zein reiterated that real estate is about relationships, not just transactions, reflecting that the trust they built with clients makes this success even more meaningful.

Mr. Usman Azam, who specializes in working with local investors, emphasized that dedication, consistency, and passion are essential to breaking records, expressing his gratitude for being part of a team that continuously pushes the boundaries of success.

Finally, Ms. Firuza Sidikova concluded with a strong statement about the company’s ongoing commitment to growth, and Aeon & Trisl’s ability to consistently break records is just the beginning of an even brighter journey ahead.

This achievement is a powerful demonstration of the value of teamwork, strategic planning, and unwavering commitment to excellence. “Success in real estate is a team effort, and this award is proof of the passion, dedication, and hard work we bring to the table every day,” Mr. Saleem Karsaz added. With such a talented and committed team, Aeon & Trisl is poised to reach even greater heights, continuing its legacy of excellence and leadership in the real estate industry.

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