Yahoo! Tech
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2024-12-19 23:36:55
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wss://articles.layer3.newsPublished at
2024-12-19 23:36:55Event JSON
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"Southeast Asia Startups Miss Out on Region’s AI-Fueled Tech Boom"
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"Southeast Asia is attracting significant investment from AI leaders like Nvidia and Microsoft, but its own young tech companies are failing to benefit from the boom. Venture investment in Southeast Asia's AI firms has been limited, with only $1.7 billion invested so far this year, compared to $20 billion in the Asia-Pacific region as a whole. The region's diversity and cultural differences are making it harder for local tech companies to scale and compete globally. Local governments are developing national AI frameworks and providing funding to industry startups, but more cooperation is needed to create a coordinated plan."
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