China AI startups target Singapore as prime destination for global expansion

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Several CN AI startups have moved to SG due to trade sanctions from the US that hindered their access to up-to-date technologies

SINGAPORE: China artificial intelligence startups that are looking to expand their horizons have been coming to Singapore for a number of reasons, including making themselves available to companies from across the globe as well as the accessibility of related technologies, reported Bloomberg on Monday .

Setting up shop in Singapore also allows these startups to distance themselves from their country of origin, a strategy known as “Singapore-washing.” Another important factor that has driven start-ups to Singapore is the availability of funding, which some companies have said is quickly diminishing in China.Due to their need for cutting-edge chips to train their systems, AI companies’ products are not up to speed when access to these chips is denied or restricted.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines