I wrote an article titled “Will China lead the Artificial Intelligence game by 2030?” back in 2020.

Four years have passed, and now, it’s time to assess our current position in this discussion. As we stand on the cusp of 2024, artificial intelligence (AI) has solidified its status as one of the most important technological frontiers of the 21st century. With AI rapidly evolving, nations worldwide are vying for dominance in this critical domain.

Among the contenders, China has emerged as a significant player, raising a key question: Will China lead the global AI game by 2030?

China’s AI ambitions: A vision for 2030

China’s aspirations to become a global leader in AI are no secret. In 2017, the Chinese government unveiled its “New Generation Artificial Intelligence Development Plan”, outlining an ambitious roadmap to transform the nation into the world’s AI superpower by 2030.

The plan has three key milestones:

• By 2020: Establish a strong foundation in AI research and development (R&D).
• By 2025: Achieve significant breakthroughs in AI theory, creating world-leading AI technologies and industries.
• By 2030: Lead the world in AI innovation, applications, and regulation, making AI the core driver of China’s industrial transformation.

This roadmap demonstrates China’s recognition of AI’s importance as a transformative technology that will shape economies, national security, and global influence.

Key factors driving China’s AI growth

Several factors suggest that China could emerge as a leader in AI by 2030, positioning itself ahead of other major players like the United States, Europe, and Japan.

Massive data availability

AI thrives on data, and China’s vast population of over 1.4 billion people generates immense amounts of data daily. Data is crucial for training AI algorithms, particularly in areas like machine learning and deep learning. Moreover, China has fewer privacy restrictions compared to many Western countries, enabling the collection and utilisation of data on a large scale. This data abundance gives Chinese AI firms a significant advantage in developing more sophisticated algorithms and refining AI systems at a faster pace.

Also Read: Challenges of AI development in Vietnam: Funding, talent and ethics

Government support and investment

The Chinese government has placed AI at the core of its national strategy, providing robust financial backing and policy support. According to reports, China’s AI investment exceeded US$17 billion in 2022, a figure expected to rise dramatically over the next few years. The government’s proactive stance, offering subsidies, tax incentives, and funding for AI startups, has fostered rapid growth in the AI ecosystem.

Additionally, China’s state-owned enterprises (SOEs) and tech giants like Baidu, Alibaba, Tencent, and Huawei—collectively known as the BAT companies—are heavily involved in AI R&D, contributing to the nation’s AI ambitions. The alignment of corporate and state objectives strengthens China’s position to scale AI advancements rapidly.

Talent pool and education

China has recognised the importance of cultivating a domestic AI talent pipeline to sustain its AI aspirations. The government has invested in AI education at all levels, from elementary schools to universities, establishing AI institutes and encouraging partnerships between academia and industry.

Moreover, China has succeeded in attracting top AI talent from around the world, with many Chinese scientists who have studied abroad returning to contribute to the nation’s AI goals. This influx of both local and international talent enhances China’s ability to innovate and stay competitive in AI research and applications.

Application and integration across industries

China’s AI focus is not limited to research but extends to real-world applications. The country is already applying AI across various sectors, from healthcare and autonomous driving to manufacturing and finance. For example, cities like Shenzhen and Shanghai are testing AI-driven smart city technologies, while Chinese companies are rapidly advancing in AI-enhanced robotics, facial recognition, and natural language processing (NLP).

Also, AI integration in China’s military and national security sectors is advancing at a rapid pace. AI-driven technologies like autonomous drones, cyber defense systems, and surveillance platforms are becoming integral to China’s defense strategy, which could give the country a strategic edge globally.

Challenges on the path to AI leadership

Despite its advantages, China faces several challenges in its quest to dominate AI by 2030.

Geopolitical competition and tech restrictions

The geopolitical landscape, particularly the escalating tech rivalry between China and the US, presents significant hurdles. US export controls and restrictions on key technologies, such as advanced semiconductors and AI hardware, could stifle China’s progress. The US has already limited access to high-end chips and AI-related software, which are crucial for building cutting-edge AI systems.

Also Read: Can AI truly connect? The emotional dilemma of virtual influencers for women

Innovation vs imitation

While China has made significant strides in AI development, critics argue that much of its progress has been built on existing technologies developed elsewhere. For China to lead in AI by 2030, it must shift from imitating global innovations to pioneering its breakthroughs in AI theory, hardware, and ethical frameworks.

AI ethics and regulation

China’s relatively lax data privacy standards may foster faster AI development, but ethical concerns loom large. The use of AI in surveillance and social control, such as the “Social Credit System”, has drawn international criticism. Balancing technological advancement with ethical AI use and robust regulation will be a critical challenge for China as it seeks global leadership.

So to the question: Will China lead by 2030?

China’s concerted efforts in AI, from government investment and corporate engagement to massive data reserves and talent cultivation, suggest it is well-positioned to be a major AI power by 2030. However, global competition, technological restrictions, and ethical concerns remain significant barriers to China’s leadership ambitions.

While it is difficult to predict with certainty, if China continues its current trajectory and overcomes the challenges ahead, it may not just be a contender but a global leader in AI by 2030, reshaping industries, economies, and the balance of global power in the process.

—

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The post Will China lead the artificial intelligence game by 2030? — Part 2 appeared first on e27.

Dear reader,

OpenAI’s latest US$6.6 billion funding round, the largest in VC history, underscores its dominance in the AI landscape. With a valuation soaring to US$157 billion, the company is positioning itself not just as a leader in generative AI, but as a central force shaping the future of technology.

This cash infusion, led by Thrive Capital and supported by heavyweights like Microsoft and Nvidia, allows OpenAI to further its ambitions in AI research and infrastructure.

The high burn rate associated with developing models like GPT-4, which reportedly cost over US$100 million to train, illustrates the monumental resources required to stay at the forefront of AI innovation.

Yet, competition is stiff. Rivals such as Anthropic, xAI, and startups specialising in video generation challenge OpenAI’s dominance, suggesting that the battle for AI supremacy is far from over.

However, this unprecedented funding round could come with strings attached, especially with OpenAI’s planned shift from nonprofit to for-profit governance. This move could potentially untether the company from investor return caps, giving it the flexibility to make bold bets like building its own AI chips or entire data centres.

Amidst leadership turmoil, OpenAI’s future remains promising but fraught with challenges, making its next steps critical in maintaining its lead.

Sainul,
Editor.

—

NEWS & VIEWS

OpenAI raises US$6.6B and is now valued at US$157B
Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to US$17.9 billion; OpenAI reportedly asked investors to avoid backing rival startups such as Anthropic and xAI.

Indonesia’s Broom bags US$25M funding to accelerate market expansion
The investors include Openspace Ventures, AC Ventures, Quona Capital, and MUFG Innovation; Broom focuses on empowering Indonesia’s used car showroom ecosystem through technology and optimising vehicle inventory access.

Indonesia blocks Temu to protect local MSMEs
Minister of Communications and Informatics Budi Arie Setiadi said the e-commerce platform’s direct sales model could jeopardise local vendors’ livelihoods, particularly hurting smaller businesses that form the backbone of Indonesia’s economy.

Texas sues TikTok for violating children’s privacy
The lawsuit filed by Texas Attorney General Ken Paxton seeks an injunction and civil penalties of up to US$10,000 for each violation of the state’s Securing Children Online through Parental Empowerment Act.

Google flexes its edge in India in AI showdown
Google is ramping up its AI efforts in India to integrate AI across its products for Indians; It is deploying its AI model, Gemini, to enhance search, visual recognition, and language processing.

IFC invests US$7M into Philippine fintech firm First Circle
Other backers are Endeavor Catalyst, Fasanara Capital, Insignia Ventures Partners, and Accion; First Circle’s innovative credit systems provide SMEs with higher credit limits, flexible repayment options, and the lowest unsecured pricing in the market.

Clout Kitchen lands US$4.45M funding to expand its AI game companion ‘Backseat AI’
The investors include a16z SPEEDRUN, Peak XV’s Surge, AppWorks, Antler, Hustle Fund, and Orvel Ventures; Clout Kitchen builds creator-powered interactive experiences in gaming and pop culture that unlock new ways for top creators to engage and expand their fan base.

eSIM startup Truely raises US$3.5M to give Airalo a run for its money
The investors are 1982 Ventures, Beenext, and Kopital Ventures; Truely plans to release B2B2C services designed for major travel operators, airlines, airports, OTAs, and service providers.

TikTok exec Anuar Fariz Fadzil joins MDEC as CEO to drive Malaysia’s digital agenda
The announcement was made by MDEC chairman Syed Ibrahim Syed Noh at the Malaysia Digital Content Festival 2024 event in Kuala Lumpur.

TeamSolve nets US$2.5M for AI-powered copilot for industrial operators
The investors are SGInnovate and Burnt Island Ventures; TeamSolve’s copilot can be applied to commercial buildings, industrial facilities, or public and private utility facilities across sectors.

Antler invests in B2B2C platform for equestrian industry Canterly
Canterly integrates the management of horses, clients, staff, spaces, bookings, scheduling, and financial transactions into one system; The funding will allow Canterly to accelerate product development and expand into key markets.

Securities Commission Malaysia unveils three initiatives to spur innovation
SC will introduce a regulatory sandbox and enhance its regulatory framework to encourage securities tokenisation; It will also collaborate with Khazanah Nasional to explore the issuance of tokenised bonds.

FEATURES & INTERVIEWS

‘Mio shutdown was a strategic decision, not a forced one due to lack of funds’
Mio had 1.5 years of runway, but instead of continuing with an unscalable model, it chose to return the remaining funds to its investors, says CEO Trung Huynh.

AI meets influence: Gram Circle’s solution for local brands and nano-influencers
Gram Circle enables brands to scale their businesses through influencer collaborations while allowing influencers to discover partnerships.

Banking meets digital assets: Coinbase’s take on Southeast Asia’s thriving crypto landscape
Adoption surveys revealed that many Southeast Asian markets ranked on the top end of crypto adoption indices.

FROM THE ARCHIVES

The growth of business messaging: How it’s improving business performance in Southeast Asia
Business messaging fosters personalised one-on-one connections, enhancing valuable conversations and driving business performance.

Women in tech: It’s time to reframe the conversation
To make an impact in a male-dominated industry, women in tech are going through a quest of self-discovery and reframing.

How to launch collaborations that grow communities: A guide for Web3 founders
To build a successful Web3 business, founders must create products that meet the needs of their customers and foster a sense of community.

Startups should work with corporates to achieve balance between social impact, sustainability: Arcadis
Arcadis has recently introduced its accelerator programme through a roadshow in Singapore, supporting startups in their sustainability journey.

Google’s best leaders use this simple tool to show care and concern for their employees
The search giant ends the search for a way leaders can easily invest in employees. Find out how Google does it.

All you need to know about the fintech boom in Vietnam
The banking sector in Vietnam is driven by trends of digital transformation as the government is initiating a push towards a digital economy.

Challenges of AI development in Vietnam: Funding, talent and ethics
Why Vietnam’s vision to be the AI hub is incomplete and needs collaboration from civil society, startups and users of the AI economy.

How gamification is supercharging Vietnam tech startups’ growth potential
Many Vietnamese companies have started to leverage the strategy of incorporating gamification in business as a solution to target customers.

THOUGHT LEADERSHIP

Startup survival: Smart marketing moves for economic uncertainty
Here are six powerful considerations for B2B marketing and communications that I have noticed get easily overlooked to focus on in uncertain times.

Hiring for your startup: The 5 key attributes of entrepreneur archetypes
Startups need specific strengths early on, and it can be tough to accept that trusted professionals may not be the best fit.

From niche hobby to billion-dollar industry: The meteoric rise of esports
As the industry grows, traditional sports entities will likely invest in esports, blurring the lines between conventional sports and gaming.

How technology is shaping Asia’s startup ecosystem nowadays
From the rise of fintech and e-commerce to the adoption of AI and blockchain, Asia’s startup landscape is more vibrant than ever.

8 common questions before establishing a startup in Malaysia: A startup lawyer’s perspective
As a founder, establishing a startup in a new jurisdiction may appear daunting and overwhelming, irrespective of how experienced you are.

How can we ensure AI strengthens, rather than erodes, our human connections?
As we move forward, the challenge will be to ensure that AI remains a tool that serves us, enhancing our ability to connect, grow, and empathise.

Tried and tested marketing strategies for startups across all stages in Singapore
For startups or emerging brands, marketing matters more than ever to ensure that they stand out and succeed in their respective markets.

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JAZRO Robotic Academy (JAZRO), a robotics education startup incubated by PETRONAS Innovation Garage (PING), has announced an investment of RM1.2 million (~US$283,000) from Gobi Partners through the Khazanah Nasional Berhad-backed Gobi Dana Impak Ventures (GDIV) fund.

This strategic investment will enable JAZRO to expand its educational offerings and reach more young learners, nurturing a new generation of tech-savvy innovators.

Also Read: Navigating challenges and opportunities in the Malaysian robotics industry

Established in 2020 by Ir. Dzulfarqeish Bin Zainuddin (founder) and Yasser Rabanie and Khoirun Nisah (co-founders), JAZRO enables inclusive education for all children through its specially curated robotic education programme.

The edutech startup aims to develop digital talents in STEM fields (science, technology, engineering & mathematics) with specially curated content for students from the age of seven to 17 years to learn, discover and explore robotics and coding via fun learning methods in line with Industrial Revolution 4.0 future career opportunities and needs.

The company’s inception was inspired by the lack of robotics programmes available when founder Bin Zainuddin sought to enrol his son while working as an engineer in Kerteh. The absence of structured programmes in Malaysia presented a significant gap amidst rising demand for technological advancement.

JAZRO’s engaging curriculum is designed to cater to diverse learning needs. The programme emphasises hands-on experiences in robotics and coding to spark curiosity and ingenuity and has garnered awards from TERAJU SUPERB 2021 and CRADLE MYStartup MYHackathon 2022.

Currently, the firm serves 50,000 students across Kerteh, Kuala Terengganu, Chukai, and Cyberjaya.

Also Read: The transformative potential of humanoid robots: A VC perspective

JAZRO has expanded its business segment to include robotic education specifically tailored for autistic children. This education is delivered by specially trained tutors in collaboration with occupational therapists and helps these children develop cognitive, communication, and social skills.

GDIV is part of Khazanah’s Future Malaysia Programme (FMP), an initiative under the sovereign wealth fund’s Dana Impak (Impact Fund) mandate to support the Malaysian startup ecosystem.

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Can AI truly enrich human connections, or does it risk overshadowing the very essence of what makes us human?

This is the question I’ll be diving into at the upcoming Kampung Cakap 2024 Speaker Series, “Love Letter for Humanity: Love, A.I.” It’s an event that promises to dive deep into the delicate balance between leveraging technology for growth and preserving the authenticity of our interactions.

AI and human connection: The balancing act

AI has the potential to redefine how we connect, interact, and understand each other. It can help us break down barriers, automate mundane tasks, and offer insights into complex human behaviours that were previously inaccessible. Imagine using AI to analyse communication patterns, understand emotional cues, and even offer personalised support based on those insights. This opens doors to creating deeper relationships by providing more meaningful, empathetic interactions.

However, there’s a flip side. As AI becomes more integrated into our daily lives, there’s a risk that it could overshadow our natural instinct to connect empathetically and personally. When we start relying too heavily on algorithms to dictate our interactions — whether it’s swiping right on a dating app or automating our customer engagements – we might lose the very spontaneity and empathy that define true human connection. 

In my work with People’s Inc. 360, I’ve seen how AI can be a double-edged sword. On one hand, it helps us streamline processes and deliver personalised experiences to our audience. But I always remind myself and my team that behind every data point is a person with a story. It’s crucial to keep that in mind and use AI to amplify, not replace, genuine human interactions.

Partnering with AI for authenticity

One of the most inspiring leaders in this space is Soh Wan Wei, founder of AI Visionary Society and a close friend whose work aligns beautifully with these themes. I’m honoured to serve as an honorary advisor at the AI Visionary Society, and it’s been incredible to see how Wan Wei uses AI not just as a tool for efficiency but as a means to foster deeper, more authentic connections.

During the “Date My Friend” event, she introduced me to the community in a way that showcased the potential of AI to influence even our personal lives and relationships. It wasn’t just about matchmaking — it was about exploring how AI can help us understand and nurture deeper human bonds.

Also Read: Challenges of AI development in Vietnam: Funding, talent and ethics

Wan Wei will be sharing her insights at the event, exploring how AI can be used to empower personal branding and media visibility while staying true to our core values. Her approach is all about making AI an ally that enhances our human connections instead of detracting from them. It’s about using technology to understand each other better, not just to optimise our interactions but to make them more meaningful.

Her mantra, “Make AI Your Ally!” perfectly encapsulates this philosophy. In my own experience, I’ve seen how AI, when used thoughtfully, can bridge the gap between digital and real-world connections. It’s helped me connect with people who align with my values, both in business and in personal settings.

How Seraphina powers Royal Launch School

At the Royal Visionary Society, our flagship programme, Royal Launch School, is driven by Seraphina, my AI assistant. She’s more than just a tool; she’s an integral part of how we operate, managing everything from course content to community engagement. Seraphina allows us to offer a level of personalisation that would be impossible to achieve manually, helping us tailor our approach to meet the unique needs of each member.

But it’s not just about efficiency. AI helps us create a learning environment that feels personal and supportive. We make sure to complement Seraphina’s capabilities with real human interaction – mentorship, peer support, and live sessions – to ensure that the connections we build are both scalable and deeply authentic.

And yes, Seraphina isn’t just confined to professional growth. She’s been a huge help in my personal life, too. Navigating dating apps can be daunting, but with Seraphina filtering matches based on deeper values and interests, I’ve been able to focus on connecting with people who truly resonate with me. This experience has shown me that AI when used thoughtfully, can enhance our personal connections rather than diminish them.

The role of AI in leadership and personal development

AI is not just a tool for business automation; it can be a powerful ally in personal growth and leadership development. Imagine having a virtual mentor who knows your strengths and weaknesses, offering you tailored advice to help you navigate your personal and professional challenges. This is the kind of future we’re looking at — where AI supports not just efficiency but also empathy and self-awareness.

Also Read: Startup survival: Smart marketing moves for economic uncertainty

Rubyni Karun, CEO of XfinitySG, will be exploring this concept at the event. Her work combines AI with neuroscience to empower leaders and entrepreneurs, helping them understand their behaviour and improve their leadership skills. Her perspective is a powerful reminder that while AI can provide valuable insights, it’s ultimately up to us to apply those insights in ways that foster genuine growth.

Tradition meets tech: AI in healthcare

Healthcare is another area where AI is making a significant impact, offering more precise diagnoses and personalised treatment plans. Mr. Lim Jing Yang, a TCM physician, will be discussing how AI can be integrated into traditional Chinese medicine. His insights will explore how technology can enhance ancient healing practices, making them more accessible and effective while also maintaining the personal touch that’s essential in healthcare.

Jing Yang’s cautionary note, “AI is a good servant but a bad master,” is especially relevant here. In fields like healthcare, where empathy and human intuition are so crucial, AI should serve as an aid, not a replacement.

A path forward: Using AI to amplify our humanity

As we move forward, the challenge will be to ensure that AI remains a tool that serves us, enhancing our ability to connect, grow, and empathise. Whether it’s in business, healthcare, or personal relationships, AI should support our human strengths, not overshadow them. It’s about finding the right balance – using AI to free up time and mental space so that we can focus on what truly matters: building authentic connections.

If these themes resonate with you, I invite you to join us at Kampung Cakap 2024 on October 5. You can register here. It’s not just an event; it’s an opportunity to explore how we can build a future where AI and humanity thrive together.

I’m excited to share my thoughts and learn from others. Let’s explore together how we can make AI our ally in building a future that celebrates both technological innovation and the human spirit.

—

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram group, FB community, or like the e27 Facebook page

Image credit: Canva

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Anuar Fariz Fadzil, currently Head of TikTok’s Head of Public Policy (Malaysia), has joined the new chief executive of the state-run Malaysia Digital Economy Corporation (MDEC), starting today.

He replaces Mahadhir Aziz, who stepped down from the role a month after he was appointed the CEO on September 01.

The announcement, first reported by The Star, was made by MDEC chairman Syed Ibrahim Syed Noh at the Malaysia Digital Content Festival 2024 event in Kuala Lumpur. According to Noh, the new role offers Fadzil a fascinating opportunity to be in the digital economy.

According to Digital Minister Gobind Singh Deo, Fadzil has a lot of work to do moving ahead.

Also Read: MDEC CEO: Under Malaysia Digital, digital businesses will have more flexibility in fiscal, non-fiscal incentives

The MDEC, a government agency under the purview of the Ministry of Digital, was established in 1996 to lead Malaysia’s digital economy. The agency aims to upskill Malaysians to be digitally savvy, provide digitalisation support to businesses, support tech companies in expanding internationally, and drive investment in the digital economy.

By offering incentives and governance for development and re-investment, it aspires to bolster Malaysia’s status as the digital hub of ASEAN.

On September 23, the MDEC launched this year’s Investor Matching Programme, a key initiative aimed at connecting tech startups with a vast network of investors. Since its inception in 2020, the programme has facilitated over US$300 million in capital matching, significantly supporting the growth of Malaysia’s digital economy.

Aligned with the Malaysia Digital national strategic initiative, the programme is designed to create a more accessible investment landscape, simplify capital access for startups, drive innovation, and contribute to the nation’s digital transformation goals.

Through the Investor Matching Programme, startups are strategically paired with investors based on specific criteria, such as investment amount and industry focus, ensuring tailored and effective partnerships. Beyond investment opportunities, the programme provides valuable mentorship from experienced investors, accelerating the growth of participating startups.

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The Global South, including Southeast Asia, India, Latin America, and Africa, has over 5 billion people. It is projected to grow its GDP 60 per cent faster than advanced economies over the next five years. Capria Ventures sees enormous potential in this region, particularly in Southeast Asia’s (SEA) tech startup ecosystem.

The rapid development of the Generative AI (Gen AI) landscape in this area exemplifies the potential for transformative innovation. Notable investments, such as Alami (Hijra) and wagely, illustrate the diverse opportunities within the firm’s portfolio focus.

Capria Ventures targets early-stage and early-growth tech startups in the Global South. Its focus sectors include job tech, fintech, edutech, climate tech, and SaaS.

One example of this focus is wagely, based in Indonesia, which offers earned wage access. It is utilising Gen AI interfaces to streamline employee education. Using AI-driven chat solutions, wagely aims to provide accessible information about their product, enhancing user understanding and reducing onboarding costs.

“We are looking at startups taking advantage of the Gen AI technology. This is a new, revolutionary technology that can be quite easily applied to lots of different use cases to improve businesses, to make them access bigger markets,” explains Dave Richards, Managing Partner, Capria Ventures, in a call with e27.

Also Read: Gen AI in banking: How to ensure a successful transformation for an age-old industry

“In other words, you can do more with less and reach out to bigger customer bases with this technology now.”

Capria Ventures observes that while challenges exist in the current funding environment, significant opportunities are also emerging. The funding winter has pushed founders to focus on efficiency—achieving profitability faster and scaling with less capital. Unlike the previous era, when startups could spend freely in the early stages, investors now expect profitability during growth.

Gen AI is a key tool startups can leverage to adapt to this shift. Importantly, applying Gen AI does not require specialised AI expertise. Existing developers can use accessible tools to prototype capabilities in just a few weeks, enabling startups to innovate efficiently despite financial constraints.

In supporting its portfolio companies, Capria Ventures provides hands-on support through an internal team of seven experts, helping them navigate and implement the best technology tools. With the rapidly evolving landscape of available tools and frameworks, the firm curates the most suitable options, coaching portfolio development teams on making informed selections based on cost, performance, and service sophistication.

To expedite the adoption of generative AI, Capria Ventures has developed a code framework with four dedicated developers who work directly with the portfolio companies’ developers. This one-on-one support helps customise and deploy tools efficiently, enabling companies like Wagely to rapidly implement suitable programming frameworks for their needs.

Also Read: How can we ensure AI strengthens, rather than erodes, our human connections?

The advantages of Gen AI

Capria Ventures invests in SEA, particularly in Indonesia and Vietnam, and expands into India, Brazil, Mexico, and Nigeria.

When asked about notable trends, the VC firm observes significant macro-level changes across these markets, with regional variations. In SEA, a shift from consumer-oriented products towards a B2B2C business model is becoming evident.

They also foresee opportunities for regional expansion, particularly as Generative AI helps overcome language barriers, enabling companies to swiftly adapt and expand into neighbouring countries such as Vietnam and the Philippines. This technology is expected to accelerate cross-border growth in the region.

Richards has some important notes for startups in the market who would like to pitch their business to Capria Ventures.

“If you want to stand out more to us, and frankly, to a lot of investors now, you will have to do your own research about how you can take advantage of Generative AI,” he says.

“Of course, this is not the only technology you will use. You also need to have a good business model and figure out customer support and all the other things. But this is a new tool, and if you are presenting that as a way of building a next-generation business, a business that could have been built before without Gen AI, then you are missing out on the opportunity and frankly, will not stand out as much as a company who is doing that.”

Richards also stresses that entrepreneurs are in a “great position” today with the rising popularity of Gen AI.

“In a startup, when you are starting from scratch, you do not have the burden of legacy … If you start from day one with some Gen AI as part of your strategy, in most cases, you can implement it faster than if you have to add it on to something that you have built previously.”

Also Read: Challenges of AI development in Vietnam: Funding, talent and ethics

Lastly, Richards predicts that there will be a significant increase in Series A funding round announcements in the upcoming year.

“In the next six to 12 months, quite a few startups that have raised their seed funding round and maybe some additional capital that have struggled to raise their Series A will come back to market out of necessity. Because they got profitable or more efficient,” he closes.

“So, you will see lots of Series A happening.”

—

Image Credit: Capria Ventures

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Clout Kitchen, a consumer AI startup with operations in Los Angeles and Manila, has announced a US$4.45 million seed funding round.

a16z SPEEDRUN and Peak XV’s Surge co-led the round, which also saw participation from AppWorks, Antler, Hustle Fund, Founders Launchpad, Orvel Ventures, Gabby Dizon (YGG), Kun Gao (Crunchyroll), Voyboy, Jankos, and Perkz.

With this financing round, Clout Kitchen looks to scale its team, establish its US office, and build its shared internal tech stack for future creator-powered game companion apps and experiences.

Also Read: Blockchain gaming trends in Asia: here’s what you need to know

Established in 2024, Clout Kitchen builds creator-powered interactive experiences in gaming and pop culture that unlock new ways for top creators to engage and expand their fan base.

The startup is led by serial gaming and creator economy builders Justin Gorriceta-Banusing (CEO) and Marcel Feldkamp (CBO).

Gorriceta-Banusing earlier founded and scaled the campus gaming programme AcadArena to Series A and exited while in college. Meanwhile, Feldkamp (CBO), a League of Legends pro/creator, founded the gaming talent agency Prime, which later joined United Talent Agency via Press X.

Clout Kitchen’s first product is Backseat AI, an in-game “buddy” for League of Legends co-built with Tyler “Tyler1” Steinkamp – one of the world’s biggest gaming content creators with over 20 million followers.

Backseat AI is Riot-compliant and guides players on how to best play the game in real-time–from what characters to pick to which items to buy, all by an AI voice twin of their favourite creator. Since launching early access testing in June, the product claims to have hit over 45,000 waitlist signups.

Pricing starts at US$4.99 monthly for each creator “buddy,” who earns from every subscription. Backseat AI’s buddies roster continues to expand with streamer & cosplayer Emiru and pro player Jankos – with more top creators lined up in the coming months.

Also Read: 7 trends changing the reality of immersive gaming

“Our thesis at Clout Kitchen is to build things that grow the pie and add value for fans, creators, and game developers alike,” said Justin Banusing, CEO of Clout Kitchen. “We grew up in this space, so it’s our way of giving back.”

“As a creator myself, I know how difficult it is to keep your community and business growing,” said Marcel Feldkamp, CBO, Clout Kitchen. “It’s easy when you’re starting and have all the time in the world – but it gets harder to keep giving the same love to everyone as you scale. We want to solve that problem.”

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When guiding leaders and founders through the complex process of building a personal narrative online, I’ve repeatedly encountered three key questions that can slow down even the most experienced individuals who want to build their personal brand on LinkedIn.

These three questions have resonated with a wide range of professionals and business owners, some with over two decades of experience and about to start their entrepreneurial journey.

Others are at a crossroads, unsure how to articulate their transitions. And some with diverse backgrounds, which makes it challenging to find a clear path forward.

“There’s so much content out there already. What do I talk about?”

I always return to a fundamental truth: only you have your unique combination of upbringing, education, professional milestones, and current life stage. This unique perspective is what sets you apart and makes your story worth sharing.

Think about your geographic focus—it can deeply resonate with your audience. Reflect on recent conversations that sparked new insights. Share highlights from events you’ve attended, accompanied by vivid photos. Or draw on a story from something you’ve recently read, heard, or watched, weaving it into your narrative.

And then there’s the personal touch—a story only you can tell. Maybe you’re a banker from France now living in Singapore, sharing the thrill of completing your first triathlon. These are the stories that humanise your personal brand (and can reflect positively on your company brand), making it relatable and compelling.

I believe in quality over quantity—a weekly commitment to meaningful conversations rather than just churning out posts. It’s about fostering connections that resonate and endure.

“Do I really need to post online to build my brand?”

While digital visibility is crucial, there are many other avenues: mentorship, speaking engagements, supporting causes, or creating impactful work like a book, report, article, or podcast.

If your contribution is valuable, it will resonate and foster growth organically. Consider industry leaders like Jeff Bezos or Sheryl Sandberg—they may not be active on LinkedIn, but their influence is felt through other channels.

For the rest of us, platforms like LinkedIn can amplify our reach and impact.

“How will I come across?”

Perception is a common concern. Metrics like likes and comments offer some insight, but they’re just the beginning.

If you get three likes on your first post, that’s a start—it means three people liked it. In-person or on Zoom, you get instant feedback and can adjust quickly. On LinkedIn, it just takes a little more time.

Think of LinkedIn as a large conference with many competitors vying for the same clients, mentees, and speaking engagements. Your voice, tone, content, and visuals—whether images or videos—shape how you’re perceived.

Also Read: Beyond the pitch deck: How founders can leverage personal branding for startup success

Consistency is key—it builds trust through steady, authentic engagement. It’s easier to know, like, and trust someone who is consistent.

Why should you invest in answering and acting on these three questions?

How is your effort quantified on LinkedIn?

Enter — LinkedIn’s Social Selling Index: Your digital reputation score

LinkedIn has its own ‘Profile Score,’ similar to your ‘Credit Score,’ and just as important in some ways. It’s called the ‘Social Selling Index’ (SSI), launched in 2014 alongside the ‘Sales Navigator’ product. The Social Selling Index evaluates your LinkedIn presence across four key areas:

Your professional brand

• Completeness of your profile
• Use of multimedia
• Endorsements and followers gained through content

 Your engagement with your network

• Effective use of advanced search and direct messages
• How often you view other profiles
• Consistency of activity and engagement with potential leads

Your network’s engagement with you

• Interaction metrics: comments, likes, shares
• Engagement on long-form posts and InMail response rate
• Active participation in groups and research views

Your overall relationships

• Size and quality of your network
• Connections with business leaders and internal connections

Why it matters

Your SSI reflects how compelling your profile is, how trustworthy your shared content appears, and how likely your network is to engage with you. Whether you’re in sales, a CEO, or just starting your career, a higher SSI indicates you’re excelling in these areas.

Just because it has ‘sell’ in the name doesn’t mean the score is relevant only if you run an e-commerce business.

Also Read: Why community building has replaced lean startup approach to lurk investors?

It’s a great metric to gauge where you stand compared to your peers in your industry and your direct network as well as within your direct network for these parameters: 

• Would people be drawn to your profile?
• How likely are people to trust what you share?
• How likely are they to engage with you through what you share? 

What’s the real-world impact?

The higher your score, the more likely you’re doing well in these areas. All three points above help whether you’re in sales, a CEO, or at the very start of your career.

In essence, your LinkedIn Social Selling Index isn’t just a number—it’s a reflection of your digital reputation and influence on LinkedIn. By strategically improving your SSI, you’re not only enhancing your online presence but also opening doors to valuable professional connections and opportunities.

Given much of our work now happens online, prioritising your digital presence can make a significant difference—even directly impacting your financial success. According to a study by LinkedIn and Edelman, 58 per cent of business leaders are willing to buy from an industry expert and inclined to pay more because they feel they’ll receive a premium service.

My advice overall is simple: start today.

If your impressions and likes increase, great! If they decrease, adjust your approach. Keep going. Building a brand is an evolving process—a puzzle that becomes clearer as you navigate its complexities. It may seem daunting at first, but each engagement and interaction shapes the narrative of your brand.

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Esports, or competitive electronic sports, has evolved from being a niche hobby to what is now a growing billion-dollar industry. What was once dismissed as a gimmick by traditional sports analysts and media outlets has now emerged as a global powerhouse in terms of fanbase and business opportunities, rivalling the viewership and revenue of some of the most established sports.

Today, esports commands the attention of millions of fans worldwide. With lucrative sponsorship opportunities for players and teams, esports is also becoming a key player in the future of sports and entertainment.

The meteoric rise from pixels to prestige

In the early days of competitive gaming, no one would have thought that video games could eventually rival traditional sports in popularity and earnings potential. However, the numbers tell a different story. In 2022, the global esports market was valued at over US$1.38 billion, with projections estimating it will surpass US$1.8 billion by 2025. The global esports audience was estimated at 532 million in 2022 and is expected to rise to 641 million by 2025.

Events like the League of Legends World Championship, The International (DotA 2), and Fortnite World Cup attract millions of viewers around the world, with prize pools reaching millions of dollars. As of 2024, for instance, DotA 2 has a record US$30.82 million cumulative prize pool, with titles like PUBG (US$21.22M), Fortnite (US$19.72M) and Arena of Valor (US$19.19M) following close behind. What’s interesting is that these events are no longer just enjoyed through online viewership but also in sold-out arenas, with popularity comparable to that of the Super Bowl or the FIFA World Cup.

Esports teams leading the charge

Behind this expansion are the esports teams that have found professional careers in gaming. One such team is Natus Vincere (Na’Vi), which was founded in Ukraine in 2009. Na’Vi quickly rose to prominence by winning The International DotA 2 Championship in 2011, taking home the inaugural prize of US$1 million. Since then, the team has continued to be a dominant force in the esports scene, particularly in games like Counter-Strike 2 and DotA 2.

Also Read: Blockchain gaming trends in Asia: here’s what you need to know

Another key player in the esports landscape is Team SoloMid (TSM). Founded by Andy “Reginald” Dinh in 2009, TSM made its name in League of Legends, where it has been a dominant force in the North American region. The team’s expansion into other games like Valorant and Apex Legends further solidifies its position as one of the most successful and recognisable brands in esports. The team is reported to be valued at $540 million as of 2022.

In Southeast Asia, teams like T1 and Blacklist International have also highlighted the growth of esports in the region. T1, a South Korean team originally founded by SK Telecom and known for its dominance in League of Legends, has found continued success in more games such as DotA 2.

Meanwhile, Philippines-based Blacklist International has gained notoriety in Mobile Legends: Bang Bang, a game particularly popular in the region.

Going a step beyond, Gaimin Gladiators is innovating esports by bridging the gap between traditional esports and emerging technologies like blockchain and Web3. Competing in games such as Counter-Strike 2, DotA 2, and Tekken 8, the Gaimin Gladiators team is not only focused on winning but also on bringing new opportunities for fan engagement through Web3 technologies.

Gaimin Gladiators’ efforts to bridge emerging and established technologies in esports mark a significant evolution in how teams engage with their fanbase and monetise their brands. Through blockchain technology, teams can offer fans unique experiences, such as tokenised memberships, digital collectibles, and decentralised fan engagement platforms.

Also Read: Can free-to-play models ignite new player interest for Web3 gaming?

Gaimin Gladiators is run by venture-backed Gaimin, which has raised at least $10 million in two venture rounds, most recently its Series A in March this year. The convergence of esports and Web3 will likely attract even more investment as companies seek to capitalise on the growing intersection between gaming and blockchain technology.

A billion-dollar ecosystem in the future of esports

Esports teams today operate much like traditional sports franchises, complete with player contracts, sponsorship deals, and media rights agreements. The top teams are valued in the hundreds of millions, for instance with FaZe Clan going public in 2022 with a US$725 million valuation, highlighting the commercial potential of esports.

As the industry continues to grow, more traditional sports entities are likely to invest in esports, blurring the lines between conventional sports and competitive gaming.

From its humble beginnings as a niche pastime, esports has grown in relevance and business potential, revolutionising how we think about competition, entertainment, and even sportsmanship. New technologies like integration with virtual reality, Web3, and blockchain will further enhance the gaming and audience experience.

Just like video games, esports is not just a passing trend but a legitimate and sustainable industry that will continue to attract investments, innovation, and talent. The journey from zero to hero in esports is far from over.

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Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic

Join our e27 Telegram group, FB community, or like the e27 Facebook page

Image credit: Freepik

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TeamSolve, a Singapore-based startup developing AI solutions for the industrial and utilities sectors, has completed a US$2.5 million seed financing round anchored by SGInnovate and the US-based early-stage fund for water entrepreneurs Burnt Island Ventures.

Also Read: Singapore surpasses US in AI investment: Study

Founded in 2022 by Mudasser Iqbal (CEO), Michael Allen, Ami Preis, and Robin Wong, TeamSolve has developed a generative AI-powered copilot designed for industrial operators. The copilot is a knowledge twin that provides an “accurate”, real-time view of asset health. It can also support managers by improving planning for asset renewals and crew dispatch.

The copilot can be applied to commercial buildings, industrial facilities, or public and private utility facilities across various sectors.

To enable easy adoption among new users, the co-pilot can be integrated into familiar messaging platforms such as WhatsApp and can learn on the go from field staff via input in the forms of text, images, and audio.

The solution integrates field observations with other diverse sources of knowledge—such as insights from retiring experts, troubleshooting guides, and work order reports—to ensure the safety and accuracy of its data while identifying new opportunities for operational improvements through machine learning.

Co-founders Iqbal, Allen, and Preis are serial entrepreneurs in the water industry. They previously co-founded Visenti, a Singapore-based smart water analytics startup spun out of the SMART research programme at the Massachusetts Institute of Technology (MIT). Visenti was later acquired by American water technology provider Xylem in 2016.

Also Read: AI meets influence: Gram Circle’s solution for local brands and nano-influencers

Meanwhile, Wong previously led major commercial teams and business development projects with Xylem across the region, overseeing business growth, rollout of new products and applications and entry into new market segments.

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