Waymo wins approval for first driverless ride-hailing service

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Waymo is a pioneer in autonomous vehicles, however rivals including Uber and General Motors Co.’s Cruise division are racing to catch up.

Thai Siam Commercial Bank AI unit plans to roll out robo-adviser service

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SCB Abacus, has wooed about 30 Thai technology experts from companies abroad to work on projects like the robo-adviser.

Singapore: LTA launches $18.8m Land Transport Innovation Fund

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LTA is exploring the use of automation and autonomous vehicles to improve efficiency, reduce human error and deliver better services.

East Ventures, Japan’s IDATE back NZ computing firm Nyriad’s $8.5m Series A

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Data Collective VC, Prelude Ventures and New Zealand Venture Investment Fund also joined the round.

Tencent acquires stake in online games developer Shanda Games

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Tencent has been stepping up efforts to expand its pipeline of content for the global games market.

China’s Didi Chuxing partners 12 automakers to build EV-sharing network

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Didi, the dominant ride-hailing company in China, launched its car-sharing platform on Wednesday.

Baidu Ventures leads $10m funding round in US-based AI startup Lightelligence

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Lightelligence raised a $10-million seed financing round led by Baidu Ventures to build nano-photonics based next generational artificial intelligence hardware.

Japan: Mirai Creation Fund invests in financial robo-adviser WealthNavi

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Mirai Creation Fund targets investment in enterprises that possess innovative technologies in Al, robotics

Taiwan’s Foxconn to invest $342m in AI, industrial internet

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iPhone supplier Foxconn’s core manufacturing business has come under pressure due to a slowdown in demand for smartphones globally.

SoftBank, Sequoia back former Baidu exec Andrew Ng’s $175m AI fund

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Ng has formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc.