Saritha Rai

@saritharai.bsky.social

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Asia AI Reporter for Bloomberg @business @technology @BW
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The great Chinese AI migration As tensions mount between the China and the US, Chinese AI entrepreneurs are moving to Singapore in search of global capital, compute power and international customers tinyurl.com/4rh6wfv2 via @bloomberg.com #AI

Don't miss this fab read & spectacular graphics put together by a global team of reporters, editors & data experts! Data centers already use more electricity than most countries. AI's insatiable thirst for energy as seen in data center hubs Johor Bahru, Virginia, Ireland... tinyurl.com/5t53dmhb #AI

AI Is Wreaking Havoc on Global Power Systemstinyurl.com New artificial intelligence data centers are coming online so fast that the electricity demand is straining global power grids and threatening clean energy goals.

Meet Bhoomi and Krish, the lifelike AI anchors dispensing farming news, commodity prices, weather updates & latest agri-research to farmers in the far-flung corners of India. The virtual anchors speak 50 languages via @bloomberg.com tinyurl.com/3mdpn42e #AI

Twelve Labs, which builds specialized AI models for video, has raised $50M led by Nvidia & NEA. Customers of SF-based startup, conceived by two Korea-born engineers, include Hollywood studios, European sports leagues, world's biggest social media influencers @bloomberg.com tinyurl.com/8w3ntupu #AI

Touchcast, a startup that caches frequently-asked queries to make AI systems like GPT-4 more efficient, is raising $100M from venture backers including Microsoft Corp, an investor in OpenAI via @bloomberg.com tinyurl.com/4b2zetuf #AI

This is only the beginning. The economic impact of generative AI is just starting, says Mira Murati, CTO, OpenAI. “But what we’ve seen so far is that over a very short amount of time, these AI systems have entered the workforce as collaborators.” @bloomberg.com tinyurl.com/yrkacjks #AI

This tiny Mediterranean island wants a piece of the AI frenzy! Malta, population: 0.5 million, is trying to deploy artificial intelligence to solve some its biggest challenges via @bloomberg.com tinyurl.com/mryc6yhe

Temasek, France's sovereign fund back AI investor Alpha Intelligence's new $250M Fund The Luxembourg-based AIC expects final close in Sept. The former SenseTime investor (it has mostly exited China AI giant) is deploying into likes of OpenAI & FlexAI via @bloomberg.com tinyurl.com/5h8jnmuf #AI

Temasek Backs OpenAI Investor’s New $250 Million Tech Fundtinyurl.com Alpha Intelligence Capital, which invests in artificial intelligence companies including OpenAI, is raising a $250 million fund and has attracted government-owned entities of France and Singapore as b...

AI pioneer Kai-Fu Lee wants to give China its ChatGPT moment. His 01.ai launches AI app Wanzhi for consumers -- to write meeting minutes, create spreadsheets, slide decks, & abstract books eg 600,000-word Elon Musk biography via @bloomberg.com tinyurl.com/3fbaswza #AI

Microsoft is plowing billions into Asia to boost AI and data center infrastructure. Latest: CEO Satya Nadella announced a $2.2B investment into Malaysia on Thurs, its largest ever. via @bloomberg.com tinyurl.com/4xkxc494 #AI

Satya Nadella is on a three-city tour of Southeast Asia, preaching AI: Jakarta, Bangkok & Kuala Lumpur over three days this week SE Asia is shaping to be one of the biggest US vs China battlegrounds for tech giants+startups in AI, data centers and beyond tinyurl.com/5n77mmsy via @bloomberg.com #AI

The rise of AI clones in business Startups like Touchcast & Synthesia are building lifelike AI twins - and VCs are using them to raise money, professors are extending office hours, analysts' AI twins are engaging with clients via @bloomberg.com tinyurl.com/fa8b4x64 #AI

AI Startups Offer Digital Clones for Executives and Teacherstinyurl.com Companies are using artificial intelligence to develop digital doubles of professionals, with the potential to change how we do our jobs.

An Indian deepfaker's showing the world it's never been faster, cheaper & easier to use AI to influence elections 2024 is a historic year for democracy with 60+ elections around the world including in India, where prime minister Modi seeks a 3rd term via @bloomberg.com tinyurl.com/mr4ckymr #AI

AI startup Bridgewise has raised $21 million Series A from SIX Group, others Tel Aviv-based startup builds AI models to provide real-time and up-to-date investment research on global securities to brokerages, wealth advisers & exchanges tinyurl.com/29f6jhaf Via @bloomberg.com #AI

AI chipmaker Hailo raises $120M at $1.2 billion valuation, as chip startups accelerate growth of artificial intelligence It builds energy-efficient chips for the edge, helping robots, PCs etc handle AI compute needs locally and not via cloud data centers @bloomberg.com tinyurl.com/ycxb63ph #AI

AI startup co-founded by three 24-year-old Stanford alums is trying to make fax machines work for, and not against, healthcare Tennr gets $18M fm Andreessen Horowitz, Y Combinator++ for AI tools that analyze, respond to key information in faxes via @bloomberg.com tinyurl.com/3a4kb5ht #AI

This three-year-old startup bets AI can help fix global accountant shortage Fieldguide raises $30M from Bessemer++ to build AI tools for audit, compliance, fraud detection, forensic services - helping save accountants & auditors the tedium of repetitive work @bloomberg.com tinyurl.com/6dt5crdb #AI

A medical image exchange startup founded by two brothers has raised $33M from Deloitte, Samsung, Round13, Radical & others. Toronto-based PocketHealth deploys AI to personalize and smoothen the experience for 1.5 million patients and 775 hospitals & providers @bloomberg.com tinyurl.com/4ezkw7vh #AI

Nvidia, the world's most valuable chipmaker, has backed a little-known data center operator called Yotta, to deliver 20,000 H100s in India's biggest bet on AI. The first of these hard-to-get, ~$50,000/piece chips arrived in Mumbai last week via @bloomberg.com tinyurl.com/bemez39e #AI

Two physicians, a seven-year veteran of the FDA and a doctor-scientist from Massachusetts General Hospital, raise $30M for AI startup targeting oncology clinical research. Pi Health works in US, Brazil, India & Australia, with plans to expand to Europe @bloomberg.com tinyurl.com/husmwh24 #AI

Accel Backs Two 33-Year-Old AI Scientists Trying to Kill Paperwork Nanonets wants to help enterprises stop looking for needles in proverbial haystacks of paperwork Via @bloomberg.com tinyurl.com/35xpvjes #AI

MIT scientist's startup Overjet raises from March Capital, MIT's E14 Fund, American Dental Association & others, to deploy AI for dentists. Founder Wardah Inam's goal is to standardize dental treatments and streamline insurance claims tinyurl.com/5vpb42m9 #AI

Safety startup RapidSOS raises from BlackRock to close $150M funding round. The NY-based startup uses AI to help emergency response teams be better equipped. Founder Michael Martin says he wants to build "AI Copilot for 911 calls" tinyurl.com/4du65j8d #AI

Elon Musk is suing OpenAI and Sam Altman for breaching OpenAI's founding mission Musk's lawsuit filed Thurs in a San Francisco court says OpenAI and its founder have breached the founding agreement by putting profit ahead of benefiting humanity via @bloomberg.com tinyurl.com/3m5twx3x #AI

Intenseye, an AI startup for workplace safety, has raised $46M from Lightspeed Venture, Insight Partners & others. It uses computer vision & genAI to flag, help fix millions of safety hazards for clients like Heineken, Swire Coca-Cola @bloomberg.com tinyurl.com/sc8636fv #AI

This startup uses AI and sensor systems to accurately & efficiently map the underground for clients including LA Metro and PG&E. Exodigo has raised a $105M Series A round from Greenfield Partners, Zeev Ventures, SquarePeg, and others via @bloomberg.com tinyurl.com/4bj4xekr #AI

Dara played cricket in India. Can cricket go to America? Dara Khosrowshahi of Uber hit a four, then got out in match with India colleagues & Uber drivers. Can tech honchos Nadella of Microsoft, Pichai of Google, Narayen of Adobe et al take cricket to the US in a big way? tinyurl.com/39s7fwh4

Box, Accel alum get funding for their Santa-Clara-based startup, Interview Kickstart, which helps navigate the severe talent crunch in AI Via @bloomberg.com tinyurl.com/49nuve47 #AI

Hanooman, Dara, Fei-Fei this week! Richest Asian Mukesh Ambani's AI model Hanooman tinyurl.com/4czybr9p Fei-Fei, Suleyman, Ng- AI biggies at tech conf tinyurl.com/57xcepfs Uber CEO Dara Khosrowshahi on rare visit to India, where "nobody wants to pay for anything" tinyurl.com/ye6h2zt4 @bloomberg.com

Ex-Amazon duo's Marqo raises funds from Lightspeed, Blackbird Ventures, January Capital & others, to build AI search tech for unstructured data. Unstructured data(emails, product specs, contracts etc) accounts for up to 90% of all enterprise data Via @bloomberg.com tinyurl.com/87zuhafb #AI