Chinese technology startups are scrambling for fresh funding to capitalise on the growing excitement around AI, fueled by DeepSeek‘s AI breakthrough and President Xi Jinping’s recent support for private enterprises. Companies such as AI-powered optics startup Rid Vision, brain-computer interface firm AI CARE Medical, and robotics maker Shanghai Qingbao Engine Robotics are among those seeking new onshore investments, according to venture capitalist Andrew Qian.
The surge in investment interest comes after a long period of stagnation in China‘s venture capital sector. New Access Capital, which has invested in several AI startups, noted that many businesses are now attracting both cooperation discussions and investment offers. The DeepSeek case has highlighted the rise of innovative Chinese tech firms, moving away from previous trends of copycat startups, and offering hope for a revitalised venture capital environment.
Despite the growing investor enthusiasm, challenges remain. The strict regulatory scrutiny of initial public offerings (IPOs) in China, coupled with heightened tensions between China and the US, complicate the prospects for exit strategies. Venture capital firms are particularly focused on AI-related businesses, with several companies in sectors like AI image generation and medical tech securing significant funding in recent weeks.
However, the overall fundraising environment remains difficult. Data shows a sharp decline in venture capital investments since 2021, and while investor sentiment has improved post-DeepSeek, concerns over the regulatory landscape and geopolitical tensions persist. Some analysts remain cautious about the near-term outlook for IPOs, especially for offshore listings.
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The Ethereum Foundation has announced $2 million in grants for academic research focused on Ethereum, with applications due by 16 March 2025. This marks the third annual Academic Grants Round, following successful programmes in 2023 and 2024. The foundation encourages proposals across various fields such as economics, cryptography, security, and consensus protocols.
Researchers at all stages of their projects are invited to submit proposals, with a focus on innovative contributions to Ethereum’s ecosystem. Last year’s round received 300 applications from 25 countries, demonstrating growing global interest. The foundation aims to broaden participation in 2025, with all funded projects required to produce open-access research.
Eligible applicants include academic institutions, researchers, and teams, with detailed proposals required, including a timeline, budget, and public repository links. Undergraduate researchers must work with postdoctoral advisors, and proposals related to financial products or token launches are excluded. The submissions will be judged on impact, clarity, and alignment with Ethereum’s goals.
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Three men have been charged with fraud in Singapore as part of an investigation that may be linked to the illegal transfer of advanced Nvidia chips to the Chinese AI company, DeepSeek. The United States is also probing whether DeepSeek used US-made chips, which are prohibited from being shipped to China. This case is part of a wider investigation into potential AI chip smuggling operations involving several individuals and companies across countries, including Singapore.
The charges focus on two Singaporeans, Aaron Woon Guo Jie and Alan Wei Zhaolun, who are accused of falsely claiming that Nvidia chips would not be transferred to unauthorised recipients. A third man, Chinese national Li Ming, is charged with committing similar fraud regarding the shipment of servers. These actions are believed to be connected to DeepSeek’s use of Nvidia chips, although the authorities have not confirmed the company’s involvement.
If convicted, the men could face up to 20 years in prison, a fine, or both. Singapore’s authorities have been actively investigating the smuggling network, with police recently arresting nine individuals in a raid across 22 locations, seizing records and electronic evidence.
Nvidia’s business in Singapore is substantial, making it the company’s second-largest market after the US. However, only a small percentage of its revenue comes from direct shipments to the country. Singapore’s government has emphasised its commitment to strict enforcement of export controls, underscoring that the nation will not tolerate any attempts to evade international regulations.
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In Tokyo, a groundbreaking demonstration of an AI-driven humanoid robot named AIREC showcased its potential in elderly care. The 150-kg (330 lb) robot, designed to assist with tasks such as changing diapers and preventing bedsores, gently moved a man lying on his back to his side. AIREC, a prototype for Japan’s rapidly ageing society, addresses the country’s severe shortage of aged-care workers, exacerbated by a declining birth rate and a shrinking workforce.
With Japan‘s ageing population and the ‘baby boomer’ generation all turning at least 75 by the end of 2024, the need for technological solutions in elderly care has become urgent. The nursing sector is struggling with a lack of workers, and while foreign workers have filled some of the gap, their numbers remain low. Experts, like Takashi Miyamoto, suggest that technology, especially robots like AIREC, is crucial to addressing the future challenges in elderly care.
Currently, robots like AIREC are still being developed and tested, with Sugano, the Waseda University professor leading the project, predicting it could be ready for use in facilities by 2030. While robots are making small strides in elderly care, such as monitoring sleep conditions or assisting with simple tasks, experts believe a collaboration between humans and robots will be the future of care. However, the high cost and technological precision required for humanoid robots to interact safely with humans remains a challenge for widespread adoption.
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Apple has rolled out a new feature called ‘age assurance’ to help protect children’s privacy while using apps. The technology allows parents to input their child’s age when setting up an account without disclosing sensitive information like birthdays or government IDs. Instead, parents can share a general ‘age range’ with app developers, putting them in control of what data is shared.
This move comes amid growing pressure from US lawmakers, including those in Utah and South Carolina, who are considering age-verification laws for social media apps. Apple has expressed concerns about collecting sensitive personal data for such verifications, arguing it would require users to hand over unnecessary details for apps that don’t require it.
The age assurance tool allows parents to maintain control over their children’s data while limiting what third parties can access. Meta, which has supported legislation for app stores to verify children’s ages, welcomed the new tech as a step in the right direction, though it raised concerns about its practical implementation.
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TikTok, the popular video-sharing app owned by ByteDance, has unveiled plans to invest $8.8 billion in building data centres in Thailand over the next five years. The announcement was made by Helena Lersch, TikTok’s Vice President of Public Policy, during an event held in Bangkok on Friday. This investment marks a significant move as the company continues to expand its operations in the region.
The specific details of the investment remain unclear, particularly whether it includes a $3.8 billion agreement that was announced by Thailand’s investment board last month. The government’s investment board had previously detailed a deal aimed at boosting digital infrastructure in the country, but TikTok did not provide further clarification on the connection between the two.
This move highlights TikTok’s growing commitment to the Thai market and its broader strategy of increasing local data storage capabilities. As part of its ongoing efforts to expand its global presence, the company is investing in infrastructure to better serve its user base and meet regulatory requirements in key markets.
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Deutsche Telekom CEO Tim Hoettges has urged Germany and Europe to invest more in artificial intelligence and data centres to stay competitive with the US and Asia. Speaking after the release of the company’s annual results, Hoettges stressed the need for Europe to increase its computing power, citing a growing demand for data centres that he expects to rise by at least 30%. Deutsche Telekom is already expanding its infrastructure with plans to build four new data centres in Europe, aiming to create one gigawatt of capacity.
Hoettges also emphasised the importance of AI for Europe’s economic growth and sovereignty in the digital age. His comments come as Europe strives to catch up with major AI investments made by the US, with the European Commission pledging to mobilise 200 billion euros for AI development. This contrasts with the US, where private companies have committed up to $500 billion to AI infrastructure.
The call for greater AI investment follows a wave of AI advancements, such as China’s DeepSeek model, which has begun to challenge Western competitors. Hoettges warned that Germany must act quickly or risk falling behind in the global AI race.
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Inception, a Palo Alto-based startup founded by Stanford professor Stefano Ermon, has unveiled an innovative AI model based on diffusion technology. Unlike traditional large language models that generate text sequentially, Inception’s diffusion-based model can produce large blocks of text in parallel, making it up to 10 times faster and more cost-efficient. The company claims its model offers similar capabilities to existing LLMs but with significantly improved performance.
The diffusion model operates differently from the typical approach of LLMs, which generate text word by word. Instead, it starts with a rough estimate and refines the output all at once, allowing for faster processing. Ermon, who has been researching this technology for years at Stanford, believes it will revolutionise AI by enabling more efficient use of computational resources, particularly GPUs. Inception already boasts several Fortune 100 companies as clients, attracted by its promise to reduce AI latency and costs.
Inception’s model can handle various tasks, including code generation and question answering, and is designed for flexible deployment options such as API, on-premises, and edge devices. This breakthrough technology is expected to lead to more accessible and scalable AI solutions, positioning Inception at the forefront of AI development.
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ElevenLabs, a Palo Alto-based AI startup valued at $3.3 billion, has introduced its first stand-alone speech-to-text model, Scribe. The company, which is better known for its audio-generation capabilities, now aims to disrupt the speech detection market by providing a faster and more accurate alternative to existing models like Whisper and Deepgram. Scribe supports over 99 languages, with top accuracy in more than 25, including English, French, and Spanish.
The new AI model has already outperformed competitors like Google’s Gemini 2.0 Flash and OpenAI’s Whisper Large V3 in benchmark tests. It also includes features like speaker diarisation, accurate subtitles, and sound event tagging, which could appeal to customers in media and content creation. While Scribe currently only works with pre-recorded audio, ElevenLabs plans to release a real-time version soon.
Priced at $0.40 per hour of transcribed audio, Scribe offers a competitive rate, though some rivals currently offer lower prices. With this move into speech-to-text, ElevenLabs is positioning itself to expand its AI offerings and challenge established players in the field.
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Taiwan’s Economy Minister Kuo Jyh-huei announced on Thursday that Taiwan Semiconductor Manufacturing Co. (TSMC) would require government approval for any overseas joint ventures, although there are no restrictions on manufacturing advanced chips abroad, except for China. This comes amid reports that TSMC is in talks to acquire a stake in Intel, a move that could stir tensions with the US, where former President Trump has expressed concerns about Taiwan taking away American semiconductor business.
Kuo reassured reporters in Taipei that Taiwan’s semiconductor industry, particularly TSMC, remains vital to the nation’s economy, describing it as the ‘sacred mountain protecting the country.’ He also clarified that while the Taiwanese government would not interfere with TSMC’s business decisions, any large overseas investments or joint ventures must be approved by Taiwan’s economy ministry, with no changes to the rules surrounding advanced chip production outside of China.
TSMC is already investing $65 billion in new factories in Arizona, where it plans to manufacture the most advanced 2-nanometre chips, though this will not occur for a few years. The government is also preparing to engage in discussions with the Trump administration over potential tariffs on Taiwanese imports, aiming to secure the best conditions for local companies in light of the ongoing trade tensions.
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