logo
Asia betting big on artificial intelligence amid shifting geopolitics

Asia betting big on artificial intelligence amid shifting geopolitics

CNA06-05-2025

The race for AI dominance is not just a contest between the US and China. As Washington tightens controls on tech exports and Beijing doubles down on self-reliance, Asia's broader innovation ecosystem is stepping into the spotlight. Global entrepreneur support community, the Founders Forum Group, has seen US investments in Asia rise from single percentage points to double in less than a year. This, as the combination of substantial government investments and strategic international partnerships create a fertile ground for technological advancements. Roland Lim reports.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Crypto exchange Gemini confidentially files for US IPO
Crypto exchange Gemini confidentially files for US IPO

CNA

time42 minutes ago

  • CNA

Crypto exchange Gemini confidentially files for US IPO

Crypto exchange Gemini said on Friday it had confidentially filed for a U.S. initial public offering, as digital asset companies move to tap into renewed investor risk appetite amid improving market conditions. Several high-profile companies, including those in high-risk sectors such as crypto and financial technology, have launched successful listings in recent weeks, reflecting pent-up demand. Earlier this week, stablecoin issuer Circle went public in a blowout debut on the New York Stock Exchange. Analysts said Circle's successful debut could encourage more cryptocurrency firms to pursue public listings, adding that the trajectory is likely to embolden others eyeing stock market debuts. Gemini, which operates a trading platform enabling investors to buy, sell and store more than 70 crypto tokens, said it has not yet determined the size or proposed price range for its offering. The surge in cryptocurrency IPOs signals a potential turning point for the industry, suggesting growing confidence among digital asset firms in their ability to attract mainstream investors. This wave of public listings could bring increased transparency, regulatory scrutiny and capital to the sector, helping solidify crypto's place within traditional financial markets. However, analysts have cautioned that challenges remain as companies navigate volatile markets and evolving regulations. In May, Coinbase became the first U.S. crypto-focused company to join the S&P 500, a watershed moment for the industry that signaled rising mainstream acceptance of digital assets. As the sector matures financially and in regulatory matters, crypto firms are becoming more integrated into the traditional market landscape. This marks a sharp turnaround for an industry that spent more than a decade under intense regulatory scrutiny worldwide. After the collapse of crypto exchange FTX in 2022, many institutional investors retreated from the digital asset market.

Crypto firm Gemini confidentially files for US IPO
Crypto firm Gemini confidentially files for US IPO

CNA

timean hour ago

  • CNA

Crypto firm Gemini confidentially files for US IPO

Crypto firm Gemini said on Friday it had confidentially filed for a U.S. initial public offering, as digital asset companies move to tap into renewed investor risk appetite amid improving market conditions. Several high-profile companies, including those in high-risk sectors such as crypto and financial technology, have launched successful listings in recent weeks, reflecting pent-up demand. Earlier this week, stablecoin issuer Circle went public in a blowout debut on the New York Stock Exchange. Analysts said Circle's successful debut could encourage more cryptocurrency firms to pursue public listings, adding that the trajectory is likely to embolden others eyeing stock market debuts.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store