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Channel: Tech in Asia

Swedish fintech firm Klarna launches AI hotline using CEO’s voice

The AI hotline features the voice of Klarna's CEO, Sebastian Siemiatkowski, for user interactions.

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Toki’s short-lived pop culture party

The sun sets on Philippine collectibles marketplace Toki, while Thailand’s digital bank battle begins.

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Spanish fintech startup Abacum raises $60m to boost AI features

The round was led by Scale Venture Partners, with Cathay Innovation and investors Y Combinator, Creandum, Kfund, and Atomico.

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Temasek joins AI infrastructure backed by Microsoft, BlackRock

Backed by Microsoft, BlackRock, and MGX, the group plans to invest over US$30 billion initially.

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Micron to invest $200b in US manufacturing, R&D after Trump push

Micron plans to allocate US$150 billion specifically for manufacturing in response to President Donald Trump's initiative.

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The hidden alliances between India’s VCs, uncovered

Using deal data in the past two years, we've visualized an intricate web of relationships among India’s VCs.

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US robotics firm Gecko Robotics gets $125m, hits $1.3b valuation

The funding round was led by Cox Enterprises, marking a total funding of US$347 million for Gecko Robotics.

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Meta sues Hong Kong firm in crackdown on AI deepfake nude apps

The apps, known as CrushAI nudify tools, were advertised through Facebook, Instagram, Messenger, and Threads.

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Manus shines at research but crumbles against CAPTCHAs

The ambitious AI agent platform claims it can plan, execute, and crunch data - but only if it overcomes CAPTCHAs, server errors, and the competition.

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Ant International eyes stablecoin licenses in HK, Singapore

The company will submit its application following the implementation of the Stablecoins Ordinance on August 1.

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Mapping the AI startups making waves in Japan

Mapping Japan's AI sector: Key players, top investors, and funding insights in one report.

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The companies that do more than meet the bottom line

They're improving people’s lives through social and environmental sustainability-focused solutions.

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ByteDance, SenseTime upgrade models in the China AI race

Major players like Baidu and Alibaba are also increasing their AI offerings to remain competitive in this dynamic industry.

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US-based logistics firm bags $10m series A for warehouse automation

Co-founder Troy Lester said the robots are designed to lower labor costs and ease staffing shortages at partner warehouses.

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Spanish AI firm Multiverse nets $217m to compress AI models

Multiverse has compressed major LLMs like Meta's Llama, DeepSeek, and Mistral, placing it among top European AI firms.

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Ola’s AI startup Krutrim launches Kruti to book cabs, order food

Ola Krutrim also released a software kit for developers to add Kruti’s tools to their apps with minimal coding.

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Insight Partners joins $50m series D for Israeli climate-tech firm

Its main product, BeeHome, is a solar-powered robotic hive that autonomously monitors and manages bee colonies.

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UK-based legal tech firm Definely nets $30m series B

The company plans to expand in the US, which already accounts for 30% of its revenue.

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Mattel, OpenAI team up to create AI-powered toys, games

Mattel aims to develop AI-driven play experiences that prioritize innovation, privacy, and safety.

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Weekly funding: Japan’s Musubi wraps up $98m round

Keep track of all the startup investment activities in Asia through our weekly funding list.

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US export controls to cap Huawei AI chip output in 2025

In 2024, China’s AI accelerator market reached 1.5 million units, with additional demand for high-end chips in smartphones.

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California, 10 states sue over federal EV rule rollbacks

The lawsuit includes states like New York, New Jersey, Colorado, Massachusetts, and Washington.

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Mapping the players dominating China’s cleantech space

Mapping China’s cleantech sector: Key players, top investors, and funding insights in one report.

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Meta, geothermal startup XGS Energy to build plant in New Mexico

The agreement, announced on June 12, 2025, aims to advance geothermal energy development in the state.

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Beyond The Bottom Line: Budget housing that’s sustainable too

BillionBricks is using solar power to help the financially disadvantaged pay off their homes.

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Tesla to expand virtual power plant business in Japan

Tesla will provide free storage batteries to businesses as part of its virtual power plant expansion.

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Meta finalizes $14.3b investment in Scale AI

Meta will acquire a 49% stake in Scale AI through non-voting shares, according to the source.

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TSMC opens first overseas chip lab with UTokyo

The TSMC-UTokyo Lab is TSMC's first partnership with a university outside Taiwan, enhancing semiconductor education.

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Scale AI said to appoint new CEO after Meta deal

Alexandr Wang, Scale's founder and current CEO, is expected to step down and join Meta as part of the deal.

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Ashton Kutcher’s VC firm leads $30m series A for agentic AI startup

Launched in 2024, the platform has grown from 10 to over 100 paying customers within a year.

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Global EV sales up 24% in May, boosted by China’s demand

The increase was largely driven by strong demand in China, which recorded monthly EV sales exceeding one million units.

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CATL shares struggle after Hong Kong debut

CATL's quarterly sales have missed analyst estimates for seven consecutive quarters, raising concerns.

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Tesla sues ex-engineer over alleged robot trade secrets theft

Li founded Proception just days after leaving Tesla, aiming to enhance human-robot interactions.

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AI note-taking app Fireflies.ai hits $1b valuation

Its platform is used by 75% of Fortune 500 companies and over 20 million users in 500,000 organizations worldwide.

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BlackRock builds AI analyst to scan company filings

The platform, 'Asimov', analyzes research notes, company filings, and emails to provide insights for portfolio management.

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Sequoia Capital leads $75m round for industrial software firm

Founded in 2022, Nominal builds software to help hardware makers test designs and track production.

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