Korean Crypto Company Raises $140M, China's $1.4B AI Sector and Battle for Huobi: Asia Express
OUR weekly summary of news Since East Asia curators THE industry most important developments.
South Korean Web3 farm raised $140 millionSouth Korean non-fungible tokens (NFT) developer Double Following A $140 million investment on December 13 Since A consortium directed by Supported by Peter-Thiel private equity farm Crescendo Equity The partners. It is THE the biggest blockchain series funding round In Asia This year.
THE the company NFT platform, double “DOSI” East program has first In January 2024, integrated with Japanese NFT walk Double NFT.
"With This investment, Double Following Also plans has introduce new services has further accelerate Web3 popularization. These include presentation A social application that allow users has communicate base on THE characters they do using AI technology And launch new Web3 Games using BROWN & FRIENDS characters that anybody can enjoy it. »
Double Following plans has create THE new services on public blockchain Finschia, with Double And Crescendo participant In THE Finchia Foundation as governance members. THE farm complaints he has reached on 470,000 cumulative transactions through miscellaneous decentralized apps Operating below It is DOSI brand. It is popular Messaging application, Double, has on 5 million users.
THE state-owned China Electronic Information Industry Development Academy (CEIIDA) on December 14 that THE country AI walk grown up has be value ten thousand billion yuan ($1.42 thousand billion) This year, help by THE to use of generative AI In manufacturing, retail, information technology, And health care. And he said THE industry East just get started:
"In 2035, generative artificial intelligence East expected has contribute almost 90 thousand billion yuan In economic value has THE world, of which My country will exceed 30 thousand billion yuan, accounting For more that 40%. »
According to has official statistics, on 1,800 AI companies are located In Beijing alone. Advances In Chinese AI to have activated companies has directly harness THE power of AI computing via cloud technology, leap requirements has develop their own internally generative AI models. By 2025, CEIIDA researchers estimate that 35% of THE country digital computing operations will be manipulated by AI. In the meantime, THE City of Beijing has begin has issue "vouchers" related has government related AI-generative software. THE AI vouchers promise data calculation And delivery For Tasks such as medical ask for information In "A millisecond" of initiation.
Earlier This year on June 5, Chinese AI to start up Guangnien Zhiwai, Or "Light years Far", less that 100 days After incorporation. THE round was directed by A notable Chinese adventure capital farm along with Chinese the Internet conglomerate Tencent. According to has media reports, Light years Far goals has become China OpenAI, mirroring It is American counterpart success. THE farm had No ready for market product has THE time of THE increase And only begin hiring technical staff thereafter.
OUR weekly summary of news Since East Asia curators THE industry most important developments.
South Korean Web3 farm raised $140 millionSouth Korean non-fungible tokens (NFT) developer Double Following A $140 million investment on December 13 Since A consortium directed by Supported by Peter-Thiel private equity farm Crescendo Equity The partners. It is THE the biggest blockchain series funding round In Asia This year.
THE the company NFT platform, double “DOSI” East program has first In January 2024, integrated with Japanese NFT walk Double NFT.
"With This investment, Double Following Also plans has introduce new services has further accelerate Web3 popularization. These include presentation A social application that allow users has communicate base on THE characters they do using AI technology And launch new Web3 Games using BROWN & FRIENDS characters that anybody can enjoy it. »
Double Following plans has create THE new services on public blockchain Finschia, with Double And Crescendo participant In THE Finchia Foundation as governance members. THE farm complaints he has reached on 470,000 cumulative transactions through miscellaneous decentralized apps Operating below It is DOSI brand. It is popular Messaging application, Double, has on 5 million users.
THE state-owned China Electronic Information Industry Development Academy (CEIIDA) on December 14 that THE country AI walk grown up has be value ten thousand billion yuan ($1.42 thousand billion) This year, help by THE to use of generative AI In manufacturing, retail, information technology, And health care. And he said THE industry East just get started:
"In 2035, generative artificial intelligence East expected has contribute almost 90 thousand billion yuan In economic value has THE world, of which My country will exceed 30 thousand billion yuan, accounting For more that 40%. »
According to has official statistics, on 1,800 AI companies are located In Beijing alone. Advances In Chinese AI to have activated companies has directly harness THE power of AI computing via cloud technology, leap requirements has develop their own internally generative AI models. By 2025, CEIIDA researchers estimate that 35% of THE country digital computing operations will be manipulated by AI. In the meantime, THE City of Beijing has begin has issue "vouchers" related has government related AI-generative software. THE AI vouchers promise data calculation And delivery For Tasks such as medical ask for information In "A millisecond" of initiation.
Earlier This year on June 5, Chinese AI to start up Guangnien Zhiwai, Or "Light years Far", less that 100 days After incorporation. THE round was directed by A notable Chinese adventure capital farm along with Chinese the Internet conglomerate Tencent. According to has media reports, Light years Far goals has become China OpenAI, mirroring It is American counterpart success. THE farm had No ready for market product has THE time of THE increase And only begin hiring technical staff thereafter.
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