H.E.R.O.’s Journey in Tech (30 March 2019) – Japan aims to produce 250,000 AI experts a year + How to Dare to Begin

H.E.R.O.’s Journey in Tech (30 March 2019) – Japan aims to produce 250,000 AI experts a year + How to Dare to Begin

Companies

  • Chinese AI iFLYTEK courts New Zealand (NR)
  • People.cn, the online unit of China’s influential People’s Daily, is boosting its numbers of human internet censors backed by artificial intelligence to help firms vet content on apps and adverts, capitalising on its unmatched Communist Party line (Reuters)
  • Profits for Midea-backed robot maker Kuka fall 80% in 2018 (Technode)
  • Robot maker Fanuc’s CEO steps back after 16 years at controls; Son of founder presided over doubling of market capitalization (Nikkei)
  • Zuken Partners with Delta Sigma (TL)
  • Koh Young Technology: Go to the market of brain surgery robot. Production base in Yeoju (HK)
  • Foxconn earnings beat market estimates on booming 5G demand; Network and computing equipment offsets slowing iPhone sales (Nikkei)
  • Getac launches a ruggedized K120-Ex Windows 10 tablet for explosive environments; New Getac rugged tablet solution drives safety and productivity in hazardous industries (ZDnet)
  • GaAs foundry Win Semi expects pick-up in capacity utilization (DT)

BATTSS – Baidu, Alibaba, Tencent, TSMC, Samsung, Softbank

  • Alipay now counts more than 160,000 mini-apps, as the race between platforms intensifies (KRA)
  • Alibaba has acquired Teambition, a China-based Trello and Asana rival, in its enterprise push (TC)
  • Investors to Naspers: Show Us the Tencent Money (Barron’s)
  • Taiwan to block Tencent and Baidu streaming sites on security risk (Nikkei)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • Jail time and billions in fines under fast-tracked crackdown on social media giants (Age)
  • Apple, in rare reversal, pulls plug on wireless charging mat (Reuters); For the first time in years, Apple is canceling a product before its release (qz)
  • Apple Has $130 Billion in the Bank, So Why Is It Being So Frugal With Streaming TV? (Barron’s)

Asia Tech & Innovation Trends

  • Big investors begin to shun China’s unlisted startups; Quarterly fundraising drops by half under trade war pressures (Nikkei)
  • China’s top market regulator calls for crackdown on online ad content (Reuters)
  • SF Express shutters grocery stores amid slowing e-commerce growth (Technode)
  • Bytedance acquires cloud-based productivity tool Mubu (Technode)
  • Japan aims to produce 250,000 AI experts a year (Nikkei)
  • KAKEHASHI adds high-risk drug description display and automatic posting function to electronic drug history system (TC)
  • “OYO LIFE” where you can live in Tokyo without security deposit, key money, brokerage fee, from property search to contract with smartphone (TC)
  • State of pay: The race to become Indonesia’s leading mobile wallet (KRA)

Global Tech & Innovation Trends

  • The rise of the ubiquitous voice assistant (TNW)
  • AI Will Permeate Our Lives Soon (EET)
  • 5 European companies that are (really) advancing AI (TNW)
  • ServiceNow teams with Workplace by Facebook on service chatbot (TC)
  • Toast, the restaurant management platform, has raised $250M at a $2.7B valuation (TC)
  • In market debut, Lyft counters Uber with ‘nice guy’ image (Reuters); Unicorns high valuations with equally big losses; Lyft is the latest star to hit the market but losses have risen to $2.3bn since 2016 (FT); I Asked Lyft’s Founders How They Plan to Turn a Profit (Bloomberg)
  • Newly issued bonds in high-disruption industries have higher yields; the increase in credit risk can be largely attributed to an increase in the rate at which new and fast-growing firms displace incumbents, a phenomenon defined as ‘disruption’ (Voxeu)
  • Nine Reasons Why Disney+ Will Succeed (And Why Four Criticisms are Overhyped) (Redef)
  • Will Subscription Coffee Carry The Breakfast Wars? (Pymnts)
  • Cashless Backlash in U.S. Fails to Dent a $95 Trillion Industry (Bloomberg)
  • Elliott hikes stake in German 3D printer SLM Solutions to 29 percent (Reuters)
  • Volkswagen, Siemens to collaborate on industrial cloud technology (Reuters)
  • Daimler buys Torc Robotics stake for self-driving trucks (Reuters)

Life

  • How to Dare to Begin (TSOL)

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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