A look at the national security fears around Microsoft's deal with Abu Dhabi's G42, including US DOD's skepticism that G42 will entirely uncouple from China — US officials see the Microsoft-G42 partnership as way to help Washington combat Beijing's influence in the Global South. — LEARN MORE
VFX company DNEG raised $200M from Abu Dhabi's UASG at a $2B valuation, to expand its division Brahma, which is developing an AI-powered, photo-real CGI creator — London-based The DNEG Group has secured a $200M capital injection from Abu Dhabi investment firm United Al Saqer Group (UASG).
The Biden administration awards $504M in funding for 12 regional tech hubs, including in New York and Florida, to expand research in AI, chip making, and more — - Effort aims to draw private investment around more of the US — Awards cover twelve centers, including in New York and Florida
Singapore is emerging as a destination for Chinese AI startups due to less stringent AI regulations and access to Nvidia's latest chips amid US chips ban — - AI founders lured by access to foreign capital, technologies — Young AI companies finding it hard to go global from China
Japan-based SmartHR, which offers a cloud human resources and labor management software, raised a $140M Series E led by KKR and Teachers' Ventures Growth — SmartHR, a cloud-based human resources and labor management software startup, said on Monday that it has raised $140 million …
Government data: the value of South Korea's chip shipments reached $13.4B in June, up 51% YoY; exports of display products up 26% YoY and computers up 59% YoY — - Chip export tally reaches highest ever value in June — South Korea's export growth accelerated last month …
Rina Chandran / Rest of World : Some startups and researchers who can't access the most advanced chips are adopting a “frugal AI” app...
