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Malaysia’s GreatAsic raises US$6.9m to pivot nation from chip assembly to indigenous design

(L-R) GreatAsic founder and CEO Ong Chin Hu and co-founder and CTO Michael Liew Woon Chin

Malaysia’s GreatAsic Technology, a specialised chip design company focused on delivering high-performance, custom silicon solutions for “tomorrow’s technologies”, has closed a US$6.9 million pre‑Series A round, led by Vertex Ventures Southeast Asia & India and joined by Ehsan Kapital and Gobi Partners.

The raise signals a concrete step in the country’s ambition to move beyond semiconductor assembly and testing towards front‑end chip design.

Also Read: Why smart money is choosing semiconductors over Bitcoin: What can be done?

The round will bankroll engineering hires, operational expansion, and accelerated development of GreatAsic’s planned silicon projects targeting data‑centre, automotive, and edge AI markets.

A domestic pivot to design

For decades, Southeast Asia’s semiconductor story has been dominated by manufacturing: wafer fabrication, assembly, test and packaging. Malaysia, in particular, has been a critical node for assembly and testing—the traditional “Made in Malaysia” role within global supply chains.

GreatAsic’s fundraise comes amid the Malaysian government’s National Semiconductor Strategy, which explicitly aims to cultivate design capabilities so local firms can produce not just assembled chips but also chips designed on home soil.

“Malaysia has world‑class engineering talent and a once‑in‑a‑generation opportunity to design, not just build, the chips that power the AI era,” said Ong Chin Hu, GreatAsic’s founder and chief executive. “This funding lets us hire engineers, expand operations and accelerate our planned ASIC projects, and build a Malaysian semiconductor design ecosystem that endures.”

Access to Arm IP

A notable technical milestone for GreatAsic is its access to Arm Holdings’s semiconductor intellectual property. The startup is among the first Malaysian design houses to secure Arm Flexible Access (AFA) and Arm Neoverse Compute Subsystems (CSS) tokens, an important enabler for teams building modern SoCs for cloud and edge compute. The company says the AFA agreement is already formalised with the Malaysian Investment Development Authority (MIDA).

Also Read: Building the ASEAN AI archipelago: How Southeast Asia can secure its place in the global AI value chain

Arm’s IP ecosystems lower the barrier for fledgling design teams by providing pre‑validated cores and subsystem building blocks, reducing integration time and risk. For a regional startup, such access shortens the path from architecture to tape‑out and production. It increases the odds of competing for Asia‑Pacific customers that need customised silicon for AI inference, low‑latency automotive compute or specialised edge devices.

Founders with pedigree

GreatAsic’s leadership brings decades of silicon credentials. Founder Ong previously held senior roles at Intel, Marvell, and StarFive; co‑founder and CTO Michael Liew Woon Chin has held senior technical positions at Broadcom, Intel, Marvell, and StarFive. The team highlights multiple full‑mask tape‑outs and high‑volume production experience, turning what might otherwise be a speculative startup into a group with a demonstrable delivery track record.

Vertex Ventures’s Chan Yip Pang framed the investment as a bet on both the team and Malaysia’s broader strategic shift. “We have known this team for several years… For decades the country has assembled and tested the world’s semiconductors; designing them is a far harder and more valuable undertaking, and few teams in the region are equipped to take it on,” Chan said.

Ecosystem stacking: parks, funds, and public backing

The pre‑Series A also features Ehsan Kapital, a semiconductor‑focused fund backed by Selangor’s state actors and ecosystem operator SIDEC, which runs the Malaysia Semiconductor IC Design Park. SIDEC’s chief executive, Yong Kai Ping, characterised GreatAsic’s raise as proof that the Park’s blend of infrastructure, EDA (electronic design automation) tools and public‑private support is beginning to yield competitive local design houses.

Also Read: FusionAP’s US$2M raise signals Malaysia’s push up the semiconductor value chain

Public investments in physical infrastructure and training, coupled with venture capital focused on semiconductors, are typical of successful design hubs. South Korea and Taiwan show that deep local talent combined with concentrated industry support can move countries up the value chain.

For Southeast Asia, however, the path is more fragmented: talent pools are dispersed across Malaysia, Singapore, Vietnam and Indonesia, while fabs remain largely located elsewhere in Asia. That makes momentum from firms like GreatAsic significant: they not only create jobs but prove the viability of larger local systems—EDA workflows, IP licensing, packaging and test partnerships—needed to scale chip design.

Why this matters for Southeast Asia

Southeast Asia’s AI and cloud markets are growing rapidly, and many enterprises in the region are exploring custom silicon to reduce costs and latency, or to gain control over AI performance. Custom ASICs and AI SoCs can offer energy efficiency and price advantages over off‑the‑shelf accelerators, if a local design house can reach production at scale.

GreatAsic’s focus on data centre, Edge AI, and automotive aligns with regional demand. Automotive electronics are growing in markets such as Thailand and Indonesia; edge AI devices, such as retail cameras, smart factories, and logistics sensors, are spreading across Singapore, Malaysia, and Vietnam. A localised supply of custom silicon could shorten lead times, reduce integration complexity, and stimulate new product designs tailored to Southeast Asian conditions.

Risks and the long road ahead

Designing chips is capital- and time-intensive. Moving from design to tape‑out to production, and then to customers, involves technical risk, long sales cycles, and partnerships with fabs, foundries, and packaging providers. While GreatAsic has industry‑seasoned founders, the company will still need to demonstrate successful silicon and commercial traction to validate the thesis that Malaysia can sustain multiple design houses competing regionally.

The US$6.9 million raise is meaningful for early engineering growth and initial silicon runs. Still, broader scaling, especially if GreatAsic aims for high‑volume data‑centre chips, will require further capital, foundry access, and ecosystem partners. For now, the funding represents a timely proof point: regional venture capital is willing to back semiconductor design efforts within Southeast Asia, and public‑private initiatives are creating environments conducive to that investment.

Also Read: The quiet layer keeping the chip boom alive

GreatAsic’s raise is not a guarantee of a new regional centre for chip design, but it is an indicator: Southeast Asia’s semiconductor narrative is evolving beyond assembly lines, as capital, talent and policy begin to converge around the higher‑value work of designing silicon.

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From rice fields to hospitals: Winners of SUMMYS’s Social Impact Award aim at Japan’s ageing and labour shortages

SUMMYS, a Kuala Lumpur-based venture builder, has concluded an unusual pitch contest that deliberately combined sustainability, cultural sensitivity, and commercial rigour to channel Southeast Asian startups toward Japan’s most pressing social problems.

The winners — spanning robotics, agritech, medical AI, and circular materials — now have routes into Japan’s heavyweight startup circuit through a partnership with IVS, one of the country’s largest tech conferences.

A low-energy stage, high-stakes outcomes

The ‘Jungle Forge Award — Social Impact Edition’ eschewed the typical conference trappings. Pitches were held outdoors without electricity: no spotlights, projectors, or microphones. The setting was designed both as a statement and an experiment to demonstrate that persuasive entrepreneurship need not rely on high-energy, high-emissions production.

Also Read: From pilot to production: Where robotics actually breaks

That choice resonated with the selection criteria. Judges assessed teams not only on technical feasibility and business models, but on their grasp of Japan-specific social issues and their ability to communicate in ways that resonate with Japanese audiences. In the run-up to the event, SUMMYS CEO Mariel Asami Fukase even led a Japanese-language lesson for participants; several founders used Japanese phrases in their pitches.

“It’s about respect as much as relevance,” said one judge. “If you want to operate in Japan, you must understand the problem and speak to the people who live it.”

Robotics takes the grand prize: tackling a regional labour crisis

Robopreneur, a Malaysian robotics firm, took the Grand Prize. The company offers service robots and “Physical AI” solutions for sectors where Japan and much of Asia face chronic labour shortages: hospitals, security, cleaning, and tourism.

Qarbotech won both the Silver Award and the Green Award for an agritech system that boosts yields and farmer incomes without adding to labour burdens. The judges cited on-farm validation and clear economics, making it a promising match for Japan’s shrinking agricultural workforce and its policy focus on food self-sufficiency.

Also Read: Qarbotech named winner of inaugural EQT Impact Challenge

Global Cerah secured the Open Innovation Award for a circular model that converts organic waste into protein and fertiliser. Judges pointed to its scalability and potential to strengthen Japan’s food system resilience, a key policy issue amid climate-driven supply-chain disruptions across the Asia Pacific.

Pixelence, an AI company that improves brain MRI diagnostics without contrast agents, won the AI Award. Japan’s population is among the oldest in the world, and early detection of dementia and other neurodegenerative disorders is a growing clinical and social priority. Judges argued that Pixelence’s technology could reduce costs and clinician workload while improving diagnostic reach.

The Next Generation Award went to Midwest Composites for an inventive approach that upcycles discarded tea leaves into composite materials suitable for automotive, EV and aerospace applications. The contest featured child judges; a nine-year-old’s enthusiastic reaction — “It was so cool that tea leaves that would be thrown away can become a new material” — was a reminder of the storytelling power founders can gain by tying sustainability to everyday products.

Prizes included more than trophies. The top two startups secured exhibition space at IVS, direct access to international investors and corporate partners, and introductions aimed at fundraising and business development in Japan.

SUMMYS framed the physical trophy — a watch — as symbolic: a reminder that building impact takes time, and that the organiser intends to walk the journey with participating startups.

The Japan-Southeast Asia bridge

For Southeast Asian founders, Japan represents both a market and a source of corporate partnerships, manufacturing expertise and patient capital. But entering Japan requires more than a scalable product; it demands cultural fluency, local validation, and integration with incumbent systems. The Jungle Forge Award’s emphasis on communication, including basic Japanese language ability, is a pragmatic nod to those realities.

The event’s livestream and hybrid voting, which included venture capitalists, corporate innovation leaders, child judges, and the public, reflected another lesson: narratives that combine technical rigour with social resonance travel better. Startups that can demonstrate applicability in Japan while highlighting regional scalability stand a stronger chance of turning pilot projects into commercial ties that flow in both directions.

What’s next

SUMMYS has signalled continued work to foster open innovation between Japan and Southeast Asia, positioning the award as part of a longer-term collaboration with IVS and Japanese corporates. If successful, the model could become a regular pipeline for Southeast Asian founders seeking not just funding but operational corridors into one of Asia’s most advanced and socially challenged markets.

Also Read: How Japan can empower a new wave of SEA startup innovation

For investors and corporates watching from both regions, the competition offered a tidy proof point: pragmatic, culturally aware startups from Southeast Asia can present viable, low-carbon solutions to Japan’s demographic and environmental pressures, and, crucially, those solutions may loop back to benefit the region as well.

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Bitcoin’s US$61,789 breakdown: Why geopolitics just overrode every technical indicator

Today, Bitcoin trades at US$61,789.80, reflecting a 1.36 per cent decline over the past 24 hours. This drop mirrors a broader 1.17 per cent contraction in the total crypto market capitalisation. Mainstream commentators attribute this movement entirely to a sudden risk reaction.

My independent analysis reveals a more complex convergence of geopolitical shocks and institutional liquidity drains. The immediate catalyst for this sell-off is escalating tensions in the Middle East. President Donald Trump announced a military response after Iran shot down an Apache helicopter. This geopolitical shock instantly triggered a flight from risk assets across global markets.

Bitcoin behaved precisely as a correlated risk asset in this environment, dropping to an intraday low near US$60,892 before buyers stepped in. We see this exact same behaviour in traditional equities. The S&P 500 briefly dipped 2.2 per cent on the news before recovering into the close. Major benchmarks finished mixed, and the Dow Jones Industrial Average managed only a marginal gain. This tight correlation between cryptocurrency and traditional tech-heavy indices confirms that institutional algorithms currently treat digital assets as an extension of the broader risk complex.

Structural weaknesses in institutional demand continue to suppress price action beyond the geopolitical headline. U.S.-listed Bitcoin exchange-traded funds extended their outflow streak, underscoring a persistent lack of buy-side conviction. Analysts at Wintermute correctly point out that this environment reflects weak institutional inflows rather than outright panic.

This specific dynamic makes establishing a durable bottom incredibly difficult. Concurrently, the market experienced a severe leverage flush. Traders lost over US$112 million in Bitcoin long positions within a single day. This forced liquidation accelerated the downward momentum and punished overextended speculators.

Also Read: From rice fields to hospitals: Winners of SUMMYS’s Social Impact Award aim at Japan’s ageing and labour shortages

I have always viewed highly leveraged crypto trading as a form of gambling with slightly better odds than a casino. The liquidations simply represent the house collecting its due. The removal of this excess leverage clears the order book and sets the stage for potentially less volatile price discovery in the coming sessions. We must also contextualise this crypto sell-off within the broader global macroeconomic environment to fully grasp the implications. Technology stocks face their own headwinds. The 3.6 per cent drop in Apple shares following the final World Wide Developer Conference keynote from CEO Tim Cook highlights these pressures. Shares had already fallen close to two per cent on Monday due to poor market reception of the Siri artificial intelligence update.

The market now turns its attention entirely to the macroeconomic data driving central bank policy. The government will release the May United States Consumer Price Index report on June 10. This print serves as the primary directional catalyst for the near term. Consensus expects headline inflation to rise to 4.2 per cent.

This expectation follows an April inflation reading of 3.8 per cent year-on-year. That April figure marked the highest level since 2023. A massive 17.9 per cent jump in energy costs largely drove that previous spike. If the May data prints cooler than expected, we could see a relief rally pushing Bitcoin toward the US$64,000 resistance level. Conversely, a hot inflation reading will reinforce hawkish monetary policy and likely force a retest of the critical US$60,000 support zone.

From a technical perspective, the current market structure demands careful observation from all active market participants. Bitcoin currently trades below key moving averages and maintains a bearish short-term trend. The Relative Strength Index on the 14-day timeframe sits at 23.89. This deeply oversold condition suggests that a technical bounce remains highly probable. A cooler inflation print could fuel a rally targeting the US$64,000 level, which aligns perfectly with the 78.6 per cent Fibonacci retracement level. If buyers fail to defend the US$60,000 support, the price will likely cascade toward the next major liquidity zone around US$55,000. Traders must watch the US$64,000-US$66,000 supply zone closely. A decisive reclaim of those levels would provide the first technical confirmation of strengthening momentum.

Also Read: How to build an AI-ready workforce: The skills that matter in the age of agents

Global trade and corporate spending metrics provide further context for this market environment. China reported robust May exports, rising 19.4 per cent year on year, and imports jumped 27.4 per cent. This beat expectations and widened the trade surplus to US$103.22 billion. Meanwhile, Bank of America warns clients to take profits because seven of its 10 bear-market signposts have been triggered. They highlight that hyperscaler capital expenditure will soon hit 100 per cent of operating cash flow. This contrasts starkly with the 40 per cent ratio from 2023.

These megacorporations will soon spend every dollar they generate on AI infrastructure. Investor demand in other sectors shows an immense appetite for new tech ventures. SpaceX’s initial public offering demand now reportedly approaches 4 times oversubscribed levels. Commodity markets also reflect this complex web of geopolitical and economic pressures across the globe today. Oil retreated after the US Energy Secretary noted that traffic in the Strait of Hormuz is increasing. This observation eased the supply premium created by tensions with Iran.

The confluence of geopolitical stress and institutional selling has driven Bitcoin lower. A sustained reversal requires either diplomatic de-escalation or a positive macroeconomic surprise from the inflation data. I will continue to monitor these structural shifts independently and look past the mainstream narratives. Identifying the true drivers of value in this evolving financial landscape demands rigorous analysis and a forward-looking perspective. The market is at a critical inflexion point, with macroeconomic data set to dictate the next major price move.

Based on what I see and referencing the historical cycle structures, US$44,XXX represents a high-probability macro floor, but it is the deep end, not the baseline, of the expected bottoming range.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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The startup founder’s paradox: How your strengths are killing psychological safety

In our previous explorations of psychological safety, we’ve seen that psychological safety is the number one predictor of team performance, that it is not about being “nice” but about pairing high standards with high safety to create the Learning Zone. We’ve explored how Edgar Schein’s deep cultural diagnosis and Amy C. Edmondson’s practical interventions work together to build organisations that are both successful and truly human.

This piece addresses something critical: the founder’s own role in creating or destroying psychological safety. Because here’s the uncomfortable truth: you can implement every framework, read every book, and hire every consultant, but if you, the founder, are the problem, none of it will work.

The founder’s paradox

Let’s take a look at you, founder. You are a creature of beautiful contradictions. You possess a vision so clear that it is almost like a mirage, a bias for action so strong that it makes the laws of physics nervous, and standards so high they give astronauts vertigo.

These are your superpowers. They are the very reason your company exists.

And, if you are not careful, they can turn out to be the very things that will poison it from the inside out.

This is the founder’s paradox: the traits that make you exceptional at starting something are often the same traits that make you terrible at leading it. You are the sun that both warms and burns. This intensity gives life, but it can also scorch the delicate ecosystem of psychological safety required for your team to thrive. Before you can fix your team, you must first look in the mirror. Here are a few archetypes of safety-destroying behaviour. See if you can recognise yourself in any of these.

Also Read: AI startups are hiring around answers they haven’t earned yet

The archetypes of accidental tyranny

Every founder is a unique blend of strengths, but these strengths, when overused, manifest as these distinct archetypes.

  • The visionary

Your vision is your gift, you see the future with breathtaking clarity.

The problem?

You’re so in love with your vision that you can’t tolerate anything that deviates from it. When a team member raises a concern or a dissenting opinion, you do not hear a valuable stress test, you hear a threat to the dream.

Maybe your internal monologue sounds like this: They just don’t get it. If they saw what I see, they’d agree.

What your team experiences: Your conviction feels like a brick wall. They learn that bringing you anything other than enthusiastic agreement, yes-man style, is a career-limiting move. The echo chamber you often complain about is built by you. Brick by brick, with every dismissed counter-argument.

  • The perfectionist

Your standards are legendary. You demand excellence in everything, from the product UI to the font choice. You are fond of making such decisions and sending them in a voice memo. This is why your product is beautiful. It is also why your team is terrified.

Maybe your internal monologue sounds like this: It’s not quite right. We can do better. This small flaw will ruin everything.

What your team experiences: They feel like they are constantly walking on eggshells.

The fear of not meeting your impossibly high standards leads them to hide mistakes, avoid risks, and present only perfectly polished work. The messy, half-formed ideas where true innovation lives? They die in your Slack channel, strangled by the fear of your critique.

  • The urgency addict

You move at the speed of light. You are a whirlwind of action, a testament to the power of: done is better than perfect.

You are addicted to the adrenaline of momentum.

Maybe your internal monologue sounds like this: Why is this taking so long? We need to move faster! We’re losing our window!

What your team experiences: Your pace feels like a perpetual fire drill. There is no time for questions, no space for reflection, no room for the “stupid question” that might have saved the project. They learn to just nod and run, even if they are running in the wrong direction. Your need for speed has trampled their need for clarity.

  • The solver

You are a brilliant problem-solver. You see a problem and your brain instinctively jumps to a solution. This is how you’ve survived this long. But your compulsion to solve is robbing your team of a chance to learn.

Maybe your internal monologue sounds like this: It’s just faster if I do it myself. I already know the answer.

What your team experiences: They feel disempowered.

Why bother wrestling with a hard problem when they know you’ll just swoop in and fix it? They stop taking ownership. They become executors of your solutions, not owners of their domains. You’ve created a team of brilliant hands, but you’ve stunted the growth of their brains.

The emotional weather you create

Beyond these archetypes, there is a fundamental truth to be told: as a founder, you’re not just a person in the company, you’re the weather. Your mood sets the atmospheric pressure for the entire organisation. Be it a funding call that didn’t go down well or a frustrating bug issue that leads to sleepless nights, you bring that energy into the office, and it becomes everyone’s reality.

The higher you climb in authority, the more amplified your every word and action becomes. A casual, frustrated comment from you (“This dashboard is useless”) can feel like a public condemnation to the person who built it. Your furrowed eyebrows in a meeting can silence an entire room.

Also Read: Why startups need mobile apps to thrive in today’s competitive market

In the high power-distance cultures, especially common in Asia, this effect is magnified tenfold.

Your team is culturally primed to defer to you, to read your signals and to adapt their behaviour to please you. If your emotional state is volatile, they will retreat into the safest possible position: silence.

This is why emotional regulation is not a soft skill for a founder. It is a core competency. You must learn that you are like a thermostat, not a thermometer: you set the temperature, you don’t just reflect it.

The vulnerability mandate: your most powerful tool

So how do you counteract your own safety-destroying strengths? The simple answer: you have to lead with vulnerability.

You must be the first to admit you were wrong.

You must be the first to say, “I don’t know.” You must be the first to thank someone for bringing you bad news.

Vulnerability is not weakness. It’s the ultimate signal of strength. It tells your team that the goal is not to be right; the goal is to get it right. It shows that your ego is secondary to the truth and the success of the collective mission.

Three practical ideas for self-correction

  • The “shut up and listen” challenge

For the next week, go into every meeting with the explicit goal of being the last to speak. When you do speak, only ask questions. This simple constraint will force you to listen and create space for others.

Also Read: RIE2030’s hidden flaw: The one capability Singapore’s startups are missing

  • The “bad news reward”

The next time someone brings you bad news early, stop what you are doing and publicly thank them. Say the words: “Thank you for bringing this to me. This is exactly what we need to be doing.” You are rewarding the behaviour you want to see. Do this more than three times, and you will be on your way to changing your culture.

  • The “I screwed up” ritual

Start your weekly team meeting by sharing one thing you got wrong that week. It can be small. “I was too dismissive of Jessie’s idea in our last meeting, and after thinking about it, I realised she was right.”

By modelling fallibility, you give your team permission to be human.

Remember that the journey to building a psychologically safe organisation is not an external one. It does not begin with surveys, workshops, or off-sites.

It begins with the quiet, difficult and essential work of looking in the mirror and acknowledging that the biggest threat to your company’s culture might be you.

But here’s the good news: this also means that the power to fix it lies in your hands.

And that is the most powerful position a founder can be in.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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From Bangladesh lockers to Hong Kong loyalty: meet Accelerating Asia’s most global cohort yet

Singapore-headquartered early-stage venture capital firm and accelerator, Accelerating Asia, has announced the five startups selected for its thirteenth cohort, chosen from a record 724 applications spanning 20 countries, with an acceptance rate of under one per cent, the most competitive in the firm’s history.

All five companies were already generating revenue or active usage at the time of selection, an unusual benchmark for an early-stage intake. The cohort spans consumer-goods distribution, last-mile logistics, customer-success software, e-commerce, and retail loyalty, across markets including Singapore, the UAE, Bangladesh, the United States, and Hong Kong.

Also Read: AI will replace inertia before it replaces people

Despite AI featuring in nearly every application this cycle, Accelerating Asia says the term’s ubiquity worked against candidates who leaned on it as a selling point. “When nearly every founder says they use AI, the phrase stops being a signal,” said Amra Naidoo, General Partner and co-founder. “The question that actually decided this cohort was whether the AI was the product or the leverage.”

The five companies selected are:

Driftly AI (UAE/US)

An AI-powered operating suite for consumer goods distribution, founded by Sheheryar Iqbal, former Head of Supply Chain at Airlift, where he launched over 80 warehouses and worked with 450-plus manufacturers. Embedded with flagship customer Gourmet for more than eight months, the company has doubled its clients’ sales footprint, saved over 20 per cent in margins, and is now on a path to US$1 million in ARR. Its warm enterprise pipeline includes Coca-Cola, Pepsi, and Nestlé.

DIGIBOX (Bangladesh/Singapore)

Bangladesh’s first shared last-mile logistics infrastructure, operating a network of IoT delivery lockers across 55 sites, with close to one million deliveries and 123,000 end users. The company designs and manufactures its own lockers in-house and handles roughly one per cent of all Daraz orders in the country. It cuts delivery costs by up to 40 per cent and failed deliveries by up to 80 per cent. Co-founded by Rezwanul Haque Jami, a two-time founder with prior exits.

Meza AI (US)

Positioning itself as “cursor for customer success”, Meza AI is an AI-native platform helping SaaS companies reduce churn and unlock upsell from existing customers. It has around US$230,000 in ARR, 10 paying customers, and a 100 per cent pilot-to-paid conversion rate, monitoring more than 1,500 accounts. Founded by repeat operators Abhishek and Priya Yadav, who previously scaled a consumer platform to over two million users.

Govaly (Bangladesh/Singapore)

The largest fashion and beauty e-commerce marketplace in Bangladesh, with over 100,000 users, 70,000 orders, and 1,000-plus verified sellers in its first year. GMV has grown 27x in 18 months with zero paid acquisition. The platform operates without a warehouse, shipping directly from verified sellers, and delivers roughly 80 per cent faster than the industry average. Founded by Himel Faraz and Jeion Ahmed, with a 45-person team.

Also Read: The next frontier for tech startups? The US$590B beauty industry

meed (Hong Kong)

A consumer-first retail loyalty platform that works with a single QR scan, natively integrated with Apple and Google Wallet, requiring no app or login. It has attracted more than 700 organic merchant sign-ups from 85 countries with no paid acquisition, zero churn among paying merchants, and an organic LTV-to-CAC ratio of approximately 140-to-1. Founded by Phil Ingram, a 28-year product veteran, with paying traction concentrated in UK salons.

Accelerating Asia co-founder and General Partner Craig Bristol Dixon framed the cohort’s significance for investors: “Five operators already earning, across five markets that most funds never travel to, and we are in early on every one. Early entry in overlooked markets is where the structural advantage lives.”

The five companies will spend the next 100 days in the Accelerating Asia programme, culminating in a Demo Day. Applications for Cohort 14 will open soon. The announcement coincides with the final close of the firm’s second fund.

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Ecosystem Roundup: Prompts are not permissions, and Asia is running out of time

The Amazon v. Perplexity ruling did something deceptively simple: it severed user consent from platform authorisation. That single distinction dismantles the assumption quietly underpinning most agentic commerce deployments, that a user clicking “allow” is enough to transfer liability downstream.

It is not. And in Asia, where super-app architectures stack social, commerce, logistics, and finance onto a single liability chain, that gap is not a footnote. It is a fault line.

The Morph report’s prediction, a Fortune 100 breach attributed to an AI agent before 2028, is less a warning than a countdown. With over 10,000 public MCP servers and deepfake fraud growing at 2,000 per cent over three years, the attack surface is not theoretical.

What Asia lacks is time. The EU and US are already shaping liability frameworks. Singapore’s Model AI Governance Framework is voluntary. Most of the region’s emerging economies have nothing at all.

Dr Changhao Jiang’s framing is precise: prompts are not permissions. Architecture, not consent, must carry accountability.

Whoever writes that standard first will set the commercial terms for a generation. Asia needs to be in that room.

REGIONAL

Singapore tops crypto-friendly city index despite tighter rules: Ranked ahead of London and New York, Singapore scored on regulatory clarity and real-world adoption, not just tax policy, with nearly US$1B in merchant crypto payments in Q2 2024.

Grab takes full control of Superbank in Indonesia: Grab’s acquisition reshapes Indonesia’s crowded digital banking market, raising questions about consolidation, financial inclusion gaps, and whether smaller neobanks can survive under a super-app umbrella.

Indonesia rewrites e-commerce rules to cover ride-hailing and OTAs: The revised PMSE regulation requires platform merchants to hold business licences, mandates fee transparency, and extends digital commerce oversight to ride-hailing apps and online travel agents for the first time.

GIC and Stripe back Supabase in US$500M round: The open-source database platform is scaling rapidly as AI-driven development accelerates across Southeast Asia, with GIC’s participation signalling strong institutional confidence in developer infrastructure plays.

Akulaku Finance secures US$27.5M facility from Bank Danamon: The working-capital facility supports Akulaku’s growth as Indonesia’s BNPL market hit 37.4 trillion rupiah in outstanding balances in November 2025, even as OJK tightened product eligibility rules.

Clear Robotics nets US$1.75M to scale electric autonomous boats: The Singapore-based startup will use the seed funding to expand its self-driving vessel operations across South Asia and ASEAN, targeting ports, waterways, and maritime logistics corridors.

Hello Ello brings AI caregiving platform to Malaysia: The Singapore startup’s eldercare system detects falls, fainting, and distress, alerting family members via app, targeting markets where over-65s already make up 20.7% of Singapore’s citizen population.

Panthera Growth Partners puts US$30M into Indian AI security firm Innefu Labs: The Singapore VC’s Series B investment backs an AI platform serving defence, law enforcement, and enterprise security clients across South Asia, the Middle East, and Southeast Asia.

Wavemaker leads US$4M round in data privacy firm DataMasque: The New Zealand-based startup focuses on data masking for enterprises — a capability increasingly relevant to SEA businesses navigating tightening data protection regulations.

Asia’s stablecoin rails shifted on June 1: Regulatory and infrastructure changes effective June 1 are quietly redrawing how stablecoin transactions flow across Asia, with material implications for cross-border payments and fintech operators in SEA.

US$60K bitcoin level draws crypto market scrutiny: The US$60K price threshold is being closely watched as a structural support level, with significant implications for crypto sentiment, retail participation, and Web3 investment flows across Asia.


INTERVIEWS & FEATURES

Film director Noah Wagner on AI’s uncertain creative frontier: Wagner offers a candid view on how generative AI is disrupting storytelling, and why the film industry has no consensus on where the technology leads.

SEA founders need capital sequencing, not funding scrambles: A sharp analysis arguing that SEA founders are raising reactively rather than strategically, and that a deliberate capital sequence is the difference between sustainable growth and premature dilution.

The Series B execution gap founders are ignoring: Many startups reaching Series B find their operational delivery has fallen behind the ambition of their investor pitch, a misalignment that increasingly kills rounds before they close.


INTERNATIONAL

OpenAI files confidentially for US IPO, eyes autumn listing: The ChatGPT maker is working with Goldman Sachs and Morgan Stanley on a possible listing as early as autumn, following a March 2026 funding round that valued it at US$852 billion.

White House and Altman weigh US government stake in OpenAI: Discussions include OpenAI donating equity to seed a sovereign wealth fund-style vehicle, a move that would represent an unprecedented US government position in a private AI company.

Perplexity holds 2028 IPO timeline regardless of AI listing market: CEO Aravind Srinivas told CNBC the company, valued at US$18 billion in March talks, is watching Anthropic and OpenAI debuts closely but will not accelerate its own listing timeline.

SpaceX IPO bars Chinese and Hong Kong investors on security grounds: Lead underwriters Goldman Sachs and Morgan Stanley blocked orders from both markets, citing US arms export regulations as SpaceX deepens its national security launch contracts.

Former Mirae Asset India head launches US$105M debut fund: Ashish Dave is targeting Series B and C startups across fintech, healthcare, and enterprise AI with Sanskrit Capital, writing cheques of US$5.24M–US$15.7M per deal.

China’s NEV exports surged 112.6% in May as domestic sales slid: New-energy vehicles made up 54.1% of China’s passenger-vehicle exports, with carmakers pushing into Latin America and Europe as domestic retail sales fell 20% year on year.


CYBERSECURITY

Why Asia faces the sharpest agentic fraud exposure: As AI agents gain autonomy in financial and enterprise workflows, Asia’s fraud surface is expanding faster than defences can adapt, driven by rapid AI adoption with insufficient guardrails.

China warns AI relay platforms risk exposing user data overseas: Beijing’s Ministry of State Security flagged that services routing developers to foreign AI models may store data without encryption and breach cross-border transfer rules under China’s CSL, DSL, and PIPL.

Differential privacy’s slow road to widespread adoption: Despite being a mathematically robust privacy solution, differential privacy remains niche, held back by implementation complexity, performance trade-offs, and limited enterprise awareness across the region.


SEMICONDUCTOR

Asian chip stocks rebound after Huang calls selloff a buying opportunity: SK Hynix gained 6.44%, Samsung rose 3.38%, and Seoul Semiconductor jumped over 12%, tracking a Wall Street recovery in chip shares on June 8.

Nvidia CEO backs South Korea as next robotics and AI manufacturing hub: Jensen Huang met Hyundai, Samsung, and SK during a Seoul visit, citing South Korea’s 1,220 robots per 10,000 workers, the world’s highest density, as the foundation for AI-driven chip manufacturing partnerships.

UMS Integration plans Vietnam joint venture for semiconductor supply chain: The Singapore-listed precision engineering firm signed a non-binding MOU to restructure three Vietnam-based manufacturers, with an indicative investment of US$3.6 million.


AI

Singapore launches Aspire 2B supercomputer with 1,500 Nvidia H200 chips: The NSCC system offers nearly four times the combined capacity of its predecessors and forms part of Singapore’s S$270 million national supercomputing investment announced in 2024.

Temasek leads US$300M Series C in AI engineering firm PhysicsX: The London-based startup, now valued at US$2.4 billion, targets semiconductor firms as its largest customer segment, with revenue forecast near US$50M this year and a six-month demand backlog.

Is the talent pipeline ready for an AI economy?: The AI talent gap in Southeast Asia runs deeper than technical skills; it cuts into how education systems and employers define, train, and deploy human capability alongside machines.


THOUGHT LEADERSHIP

Job descriptions are failing your hiring process: Poorly written job descriptions are filtering out strong candidates before they apply, a structural flaw costing startups their best hires at a time when talent competition is intensifying.

B2B founders are underestimating the cost of weak branding: B2B startups consistently deprioritise brand-building in favour of sales, but the long-term cost, in pipeline quality, pricing power, and investor perception, is steeper than most founders realise.

High capital costs as a competitive moat: Counterintuitively, heavy upfront investment can function as a defensive strategy, raising the barrier to entry and deterring underfunded competitors from challenging established players.

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From US$60K to US$55K: The data pointing to Bitcoin’s next leg down

bitcoin_price_low

Bitcoin currently sits at US$62,864.20 and presents a truly fascinating case study in market manipulation and leveraged gambling. Many retail participants mistakenly view the recent price action as a genuine recovery. The current rally completely lacks genuine structural support. The US$60,000 level demonstrates weak buying pressure, and we have witnessed three lower lows since mid-May. This technical reality signals that large buyers simply refuse to accumulate at these prices. Derivative mechanics, rather than underlying utility or true decentralisation, dictate this market.

The recent price spike originates directly from a massive and highly coordinated liquidation event. Exchanges aggressively wiped out roughly US$599 million of leveraged positions in a single 24-hour window. Short sellers absorbed the vast majority of this pain, accounting for approximately US$455 million of the losses, while long traders lost US$144 million.

Total liquidation figures across various platforms range between US$588 million and US$655 million, with short losses exceeding US$500 million. This violent repricing pushed the total crypto market capitalisation from US$2.06 trillion to roughly US$2.19 trillion. Bears who piled into short positions near the bottom took severe damage. Their forced buybacks artificially propelled the rally higher. This dynamic perfectly illustrates my long-held belief that speculative trading in both crypto and traditional stocks operates primarily like a casino, where leverage dictates immediate price action.

We must examine the sentiment driving these leveraged bets to understand the fragility of this rebound. The preceding week saw Bitcoin drop nearly 14 per cent and briefly trade below US$60,000. That severe drawdown pushed the Fear and Greed Index into extreme fear territory, registering a reading in the mid 10s. Market participants positioned themselves heavily for a continued collapse. Such extreme positioning usually precedes a violent correction in the opposite direction once the initial catalyst exhausts itself.

Also Read: Clear Robotics raises US$1.75M to scale electric, self‑driving boats across South Asia, ASEAN

Derivatives data reveal that open interest actually rose by nearly US$1 billion during this period, indicating that traders simply reloaded their leverage rather than stepping aside. High leverage combined with extreme pessimism creates a highly volatile environment. The market merely flushed out the crowded bearish positions, resetting the board for the next directional move.

Despite the flashy rebound, the underlying data points to further downside. Technical and on-chain metrics show deep conflict, but the bearish signals carry more weight. Institutional flows continue to register as negative, proving that smart money refuses to chase this relief rally. Furthermore, realised losses currently stand at US$174 billion. This figure sits below the US$211 billion peak we observed during the last bear market, but it still represents massive capital destruction.

The recent rally looks increasingly like a classic bull trap. A move toward US$55,000 looks far more likely as the market seeks true price discovery. Traders who mistake this short squeeze for a macro trend reversal will likely face severe consequences.

We cannot analyse cryptocurrency in a vacuum, as digital assets correlate highly with traditional macroeconomic forces. The recent crypto volatility mirrors the exact same pressures battering Wall Street. Traditional markets finished mixed recently, but the underlying breadth tells a much darker story. The S&P 500 managed a mere 0.30 per cent gain after rising as much as 1.13 per cent in early trade. The Dow Jones Industrial Average actually fell 0.16 per cent. This weakness follows a brutal Friday session where the Nasdaq plummeted 4.18 per cent, marking its worst performance since April 2025. A stronger-than-expected May jobs report triggered this equity rout, forcing traders to reprice their interest rate expectations.

Also Read: Is our talent pipeline ready for the AI economy? Not in the way we think

The bond market perfectly captures this shifting macroeconomic reality. The US two-year yield jumped 10 basis points immediately following the jobs report. Fed funds futures now price in 21 basis points of rate hikes by the end of the year, a significant increase from the 13 basis points priced prior to the employment data. This rising cost of capital directly pressures risk assets across the board. Investors clearly recognise that higher borrowing costs will inevitably compress corporate valuations and reduce speculative appetite across all asset classes. When traditional finance tightens, liquidity dries up in the crypto casino. We also see this pressure in commodities, where Brent crude oil whipsawed between US$94 and US$98 following direct military exchanges between Israel and Iran. Global capital faces immense stress from both inflationary pressures and geopolitical instability.

Global equity markets show even more severe fractures when we look beyond US indices. The KOSPI index tumbled 8.2 per cent, triggering a trading halt as investors aggressively dumped tech stocks amid rising inflation concerns. Wall Street strategists attempt to project optimism to calm the masses. Citigroup recently raised its S&P 500 target to 8,100 from 7,700, citing stronger earnings forecasts. Nvidia executives publicly frame the global tech selloff as a buying opportunity. Tech companies also provide shiny distractions, with Micron bouncing 9.8 per cent after sliding 13 per cent the previous day, and Google ordering 3 million AI chips from Intel for 2028 production. These corporate manoeuvres mask the fundamental reality that the market faces a flood of mega IPOs and equity offerings that threaten to overwhelm available buyer capital. SpaceX also saw its initial public offering become well oversubscribed before order books closed on Wednesday afternoon.

The current market environment perfectly encapsulates the profound flaws of our centralised financial system. Whether participants trade Bitcoin on a crypto exchange or buy tech stocks on the Nasdaq, they actively engage in the exact same speculative gambling where leverage and macroeconomic manipulation dictate the outcomes.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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Big tech’s innovation illusion — Part 1

Try to use any mainstream flagship tech product today. Most products work and feel pretty similar, with very minute differences in the UI, UX, and outputs they have. They all have similar UI elements, with the same animations and visual language optimised for your interaction. This all feels like a hyper-optimised monoculture, which is somewhat impersonal.

The companies that have defined the tech space in the modern era all used to have a unique, distinct personality, perspective, and culture, which shaped behaviour and their products, creating a competitive difference between their services that led to factions of users supporting certain cultures or perspectives. However, in the interest of serving shareholder expectations, all of these unique elements of pivotal tech organisations converged into a singular monolith chasing infinite optimisation of workflows, costs, and services.

This is more directly visible in the AI race as they have all arrived at the same place: an AI-first strategy, focused on outspending the competition to seem more competitive, and cutting headcount to preserve their own margins. All of this to invest and lead in a field that has no conflicting reports of ROI as verified by independent institutions.

This convergence is a cyclic phenomenon as explored by DiMaggio and Powell in 1983, who call it institutional isomorphism. This refers to the process by which organisations in the same field, facing the same pressures, gradually come to resemble one another regardless of the efficacy of their monolithic methods. They identified three mechanisms driving it.

Coercive isomorphism: External regulation or market pressure forces conformity;

Normative isomorphism: Shared professional education and networks produce shared assumptions about how things should be done

Mimetic isomorphism: Organisations facing uncertainty simply copy whoever looks most successful.

Through a combination of these processes, they argue that organisations end up chasing a goal to seem legitimate or secure by their internal and external shareholders rather than a goal of being efficient or innovative. Becoming structurally similar to other organisations creates a sense of safety and security both internally and externally, which counteracts the uncertainty and anxiety of being truly innovative, and is, in my opinion, the playbook of the consumer tech industry right now.

What they used to be

It is worth remembering that each organisation in big tech at one point had unique identities, not in a brand and marketing sense but in terms of their internal culture and approach to their visual identity, innovation frameworks, and product creation. This helped create more “human” products that may not have had the utility they have today, but were loved by consumers because they could feel the creativity, passion, and culture of the people who created them. It acted as a competitive advantage that tied consumers to companies if their perspectives and behaviours aligned with the organisation’s culture.

Also Read: Why Singapore’s deep tech founders need more than good science — and how National GRIP is filling that gap

Clifford Geertz, one of the great anthropologists of the twentieth century, argued that culture is not a set of rules or structures but a web of significance: a shared system of meanings that people create through symbols, rituals, and language, and within which all action takes place. He insisted that you cannot understand why people do what they do without first understanding what things mean to them in their particular context. Behaviour, stripped of its meaning, is just movement. Culture is what makes it legible.

By that measure, the early tech giants were genuinely distinct cultures, with their own symbols, rituals, and webs of meaning.

Google’s “Don’t be evil” is remembered now as naive, or hypocritical, or both, but the origin of the phrase is more interesting than its ending. In 2000, before a meeting with the Washington Post about monetising search, an engineer named Amit Patel walked into the conference room and wrote these words on the board because he was worried that Google might tell a media company their articles would rank higher if they paid for it, and it resonated with and was adopted by the rest of the organisation. The phrase was a symbol in the Geertzian sense: a condensation of meaning for an entire set of values about what the company was and was not allowed to become, and for a while, it actually organised decisions.

Facebook had a different kind of culture: “Move fast and break things” encoded a worldview that valued speed and disruption, and criticised caution, polish, and consensus. By understanding that worldview, all stakeholders understood what kind of person thrived in this culture and who failed. The IPO letter Zuckerberg wrote seemed to describe a social mission: We don’t build services to make money; we make money to build better services. Whether or not there was any truth to it, it created distinct practices of innovation, culture, and product development, enshrined through ritual artefacts of the culture like the hackathons, the hacker ethos, and office layouts.

Apple embodies a culture of obsession with the “Think Different” campaign. Their obsession with a specific weight of trackpad, a specific shade of white, and the deliberate rejection of the fan all showcased their perspective and culture on what technology should be in relation to human life: subordinate, beautiful, invisible, and in service of the person rather than the engineer. The premium Apple commanded had nothing to do with benchmark scores. It came from the coherence of that meaning system.

These cultures were not perfect, and some were actively harmful. But they created distinct symbolic worlds, which meant employees inside each company knew how to act in the interests of the organisations, and consumers on the outside could read the difference, and chose to align with them in some cases.

How isomorphism erased them

Then, one by one, the symbolic worlds were flattened.

René Girard, French anthropologist and literary theorist, argued that human desire is not original, but mimetic. We do not independently decide what to want: we want what we see others wanting. This produces what he called the mimetic double bind: the more closely rivals imitate each other, the more intensely they compete, and the more indistinguishable they become in the process.

In the early years of the internet, the tech giants were differentiated enough that the mimetic dynamic was manageable. Google wanted to organise information. Amazon wanted to be the everything store. Facebook wanted to connect people. Apple wanted to make beautiful objects. These were genuinely different projects, and the competition between them was productive as each one was forced to excel on its own terms.

Also Read: Faster tech, slower brains: The biological blind spot of the AI race

But as the companies matured, the pressure for institutional legitimacy (DiMaggio and Powell) combined with the pull of mimetic desire (Girard) to produce convergence. Wall Street rewarded certain behaviours like aggressive growth, margin expansion, and platform lock-in, and punished others, creating the coercive isomorphic pressure. The circulation of talent between companies, through elite MBA programmes and shared Silicon Valley professional networks, created normative isomorphism: a shared set of assumptions about how a serious technology company should operate, what metrics it should optimise, what a good quarterly report looks like.

The uncertainty of the technology landscape, in terms of figuring out which bet will pay off and which platform will win, being left behind. The new meta was focused on being similar to each other to be safe, or to let the start-up ecosystem innovate and then acquire and dismantle them for parts.

Google dropped “Don’t be evil” quietly in 2015, Facebook became Meta, and Amazon’s working culture became a liability in the press. The webs of meaning unravelled and were replaced by professional management practices, which have led to the current day, where you could swap the AI announcements from any of these companies, and nothing would feel different.

The Geertzian analysis is that these companies lost the ability to produce thick culture, which is the kind that gives behaviour its specific, locally intelligible meaning, and replaced it with thin culture: the universal focus on shareholder value, which means the same thing everywhere, and just monolithic cultures.

Differentiation still exists

The appetite for identity-led companies hasn’t disappeared; if anything, it seems to be growing with the coming of Gen Z, but it’s just being served at the margins.

Patagonia is the clearest non-tech example. Sustainability at Patagonia is not a marketing initiative. It is a core operating constraint and a value embedded deeply enough in the organisation’s culture that it shapes what products get made, how they get made, and how they get sold. When the founder transferred ownership to a climate trust, it was the logical conclusion of a meaning system that had been informing consumer choices and trust for decades. Consumers pay a premium because they can read the culture, and they agree with it.

In tech, modern examples are rarer. Nothing leads with a unique design philosophy and visual language, which has led to focused consumer attention and retention. Their use of transparent backs, a glyph interface, and a refusal to conform to the industry trends, alongside their open and honest communication in the smartphone and consumer audio space, has garnered them a sizable but fiercely loyal set of consumers.

Similarly, Teenage Engineering makes expensive, slightly impractical audio hardware for people who care about the relationship between aesthetics and function. Both command loyalty disproportionate to their market share. Both are, in Geertz’s terms, producing thick cultures rather than thin ones: you can read what they believe from the objects they make.

But neither has proven the model scales in the way Apple has.

Apple remains the only major tech company that has sustained something close to a genuine cultural identity, and its strongest recent act of identity was the M-series chip transition, followed by the MacBook Pro line. The move to ARM-based silicon was not an incremental update, but a platform-level rearchitecting of chip manufacturing and OS design on a platform that the rest of the industry had written off for high-performance machines.

They reignited the race in ARM computing and forced Windows on ARM, Chromebooks, Snapdragon, and Qualcomm, all to begin innovating and competing in a way that hadn’t happened in years. This innovation was one that came from a consistent, decades-long point of view about the relationship between hardware, software, and the place of the machine in the user’s life. That coherence in culture and their distinct identity is what makes MacBook users such a loud, loyal, and highest spending minority in the PC market.

Where the rest actually are

Other big tech organisations that have left behind their identities aren’t faring as well as Apple has.

Also Read: Why Apple’s MacBook Neo is subsidising the next generation of engineers

Google Search, the product that made the internet navigable and the one that Google built its identity on, is now widely regarded as being absolutely useless due to its advertising policies and the hyper SEO-optimisation dominating search results. Users append “reddit” to queries to reach human-written results. The AI-generated summaries at the top of the page hallucinate with regularity. The irony is that the company, which built its entire identity around the integrity of information, has a search product that people have learned not to trust.

Microsoft Windows has similarly become one of the largest pain points for its consumers, accumulating lots of harsh criticisms for its bloat and intrusive AI features while engineering resources flow toward Azure and Copilot. It started with the anger around the recall feature from a privacy standpoint, to a near-universal hatred for the Copilot integrations. The consumer product is tolerated rather than chosen, and at this point, even that is contestable, as recently they have, for the first time in a long time, begun to lose market share to not only macOS, but also to Linux.

What does this mean? 

There is a particular kind of loss that is difficult to grieve because it arrives through entirely rational decisions. There was never a singular moment at any of these organisations where they decided to let go of their cultural and political identities. Each step along the way was seen as rational and defensible and as a reasonable response to growth.

The tragedy of isomorphism is that it doesn’t require villains. There is no singular decision or time that can be blamed for the hubris of these giants, but only institutional pressure and a need to appease their anxieties.  It only constitutes organisations making locally “sensible“ decisions inside a system that produces globally homogenising outcomes. 

What makes this truly difficult to reverse is that the tools available to large organisations in the form of restructuring programmes, cultural initiatives, leadership reviews, and others are themselves products of the professional management apparatus that isomorphism generates. You cannot rebuild a house with the sledgehammer that brought it down. The conditions that produce genuine cultural identity: conditions like urgency, collective beliefs, agility, and flexibility for small teams, and even the constrained, bootstrapped anxiety, all are slowly dismantled by isomorphism.

I do not want this article to at any point come off as an iliad of despair about the current state of technology. This is purely and simply just my observation stemming from an anthropological background, hoping to shed some light on what is happening, why it’s happening, and to incite discussions on how to tackle it. 

These organisations are the same that built the internet as we know it. They did it, in part, because they had strange points of view that organised behaviour and made certain products inevitable. That strangeness was not incidental to their success, but integral to it, which unfortunately has been squandered. The only question that remains is to see whether these Goliaths will be able to crawl back up to their initial dreams, or will there be a string of Davids ready to eat their lunch. 

In my next article, I will examine what happens when cultural homogeneity becomes a financial strategy, though tracing the AI bubble, the capital chasing it, and the companies building something real in the space the monoculture has left open.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

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Bridging the AI trust gap: Overcoming the human oversight challenge in Southeast Asia

According to McKinsey, Southeast Asia is touted as the world’s AI arena, with stronger AI adoption momentum tracking ahead of the global average. This rapidly maturing regional ecosystem demands regulation and robust guardrails. From Singapore’s Model AI Governance Framework to Vietnam’s emerging regulatory approaches, it is becoming clearer that trust in an organisation’s data is crucial to the success of AI projects. 

Yet, building that trust is fundamentally a human variable. At the current speed of AI adoption across the region, productivity gains and long-term impact depend heavily on a talent reset. With Southeast Asia’s digital economy projected to exceed US$1 trillion by 2030, integrating human capability into AI design from the start should be a commercial imperative. What this means is rethinking how we hire, deploy, and retain the professionals tasked with overseeing these systems.

The limits of binary trust in AI and the oversight paradox

According to a recent report by the Singapore Economic Development Board (EDB), Southeast Asia is emerging as a key growth market for AI. Organisations are increasingly prioritising AI adoption to drive productivity, manage rising labour costs, and address structural workforce constraints. 

However, the report also highlights a critical challenge: while many companies are accelerating AI deployment, far fewer have developed the governance models, workforce capabilities and trust frameworks needed to scale AI responsibly and effectively.

Realising AI’s true value depends on having a workforce capable of governing its use. Too often, trust in AI is treated as a binary decision: either humans manually review everything, or they review nothing at all. In practice, both extremes fail—either destroying productivity or eroding systemic trust.

This tension creates the “human oversight paradox.” Solving it requires moving beyond binary workflows to embed selective, risk-based oversight into AI workflows. This demands a new breed of talent equipped with the specific skills to interpret, challenge, and guide AI outputs.

Also Read: A 65% probability explains the next likely move for Bitcoin as leverage clears

Redesigning oversight for scale

To scale enterprise AI, human review must evolve into scalable human oversight. Effective AI governance shifts from universal review to a selective, risk-based model, where people act as decision-governors, focusing only on outcomes that carry real impact. This is not a reduction in governance but a redesign that makes oversight scalable and practical for enterprise‑grade AI.

Effective oversight must be deliberate and proportional. Low-risk, repeatable tasks like invoice matching, form classification and operational forecasting can and should be largely automated. High-risk decisions with real human impact, such as financial approvals, healthcare determination, fraud detection, or regulatory reporting, require structured human judgment and clear accountability.

This risk-based approach aligns with how mature industries operate. Aviation, healthcare, and energy sectors do not apply uniform oversight, but instead calibrate intervention based on risk exposure. AI systems should be governed using the same logic.

The hidden risk of skills atrophy

A less visible but critical risk is emerging as AI adoption accelerates across Southeast Asia.

If humans are only engaged during rare edge cases, they gradually lose the situational awareness needed to intervene effectively when systems fail. This dynamic has been observed in semi-autonomous driving systems, where prolonged disengagement reduces response quality when it matters most. 

In AI systems, this manifests as skills atrophy. Humans remain technically “in the loop,” but are no longer meaningfully engaged in decision-making. In Southeast Asia’s already constrained talent market, skills atrophy becomes a governance risk as there may be too few experienced practitioners left with the judgment and situational awareness required to oversee AI systems effectively.

Also Read: The talent reset: Why AI is changing what makes people valuable

To avoid it, humans must remain active decision-governors, shaping thresholds, testing edge cases, and refining escalation pathways. At the same time, AI does not eliminate the need for expertise; it raises the bar. Organisations must actively design roles that keep humans engaged as decision-makers instead of just fallback operators.

With the right foundations in place, oversight becomes operational rather than aspirational, which requires a shift in hiring and workforce strategies: prioritising adaptability, critical thinking, AI literacy, and technical skills. 

Visibility as the foundation of trust

None of this works without visibility and control across the AI pipeline. As AI systems scale, governance quickly breaks down when organisations lack consistent data lineage, policy enforcement, and auditability across their environments.

This remains a significant challenge for many organisations across Southeast Asia, where data is often spread across fragmented ecosystems spanning on-premises infrastructure, multi-cloud environments, and SaaS platforms. Research from Cloudera’s Data Readiness Index highlights that data fragmentation and integration challenges remain key barriers to scaling AI effectively.

A more sustainable approach is to bring AI to the data, rather than moving data across disconnected systems. This enables organisations to maintain consistent governance, lineage, security, and oversight regardless of where the data resides, while giving teams greater confidence in how AI systems are trained and deployed.

Engineering trust at scale

Southeast Asia does not need to trade off speed for control, or between innovation and governance. The opportunity is to engineer trust by combining robust systems with a workforce capable of managing them. 

Solving the human oversight paradox ultimately depends on people: how they are trained, how they are deployed, and how they are empowered to work alongside AI. With the right balance of technology and talent, organisations can move beyond reactive oversight to operationalised trust; scaling AI responsibly while maintaining performance and accountability.

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. You can also share your perspective by submitting an article, video, podcast, or infographic.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of e27.

Join us on WhatsAppInstagramFacebookX, and LinkedIn to stay connected.

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How this Bangkok hospital turns to agentic AI to transform patient services

Bumrungrad International Hospital, one of Asia’s most prominent private healthcare providers, is deploying AI across its contact centre operations as part of a broader push to modernise how it serves patients — and, eventually, how it manages care from admission to discharge.

The Bangkok-based hospital, which treats more than a million patients each year, has partnered with Salesforce to implement Agentforce, an agentic AI platform that goes beyond conventional automation by enabling AI systems to take independent action within defined parameters. The rollout marks a significant step in Bumrungrad International Hospital’s long-term tech strategy, which already incorporates Salesforce’s CRM platforms MuleSoft and Tableau.

For James McLeary, the hospital’s Chief Information Officer and Chief Information Security Officer, the distinction between standard automation and agentic AI is more than semantics.

“These agents should not only have access to the best and most relevant patient information, but they also have the ability to take action, whether it’s for setting appointments, facilitating admissions, aiding in diagnosis or finalising billing,” McLeary said in an email interview with e27.

Also Read: From US$60K to US$55K: The data pointing to Bitcoin’s next leg down

In the initial phase of the Agentforce deployment, AI agents are operating in Bumrungrad International Hospital’s contact centre to handle the initial stages of incoming patient requests. The system summarises communications, extracts patient intent, automatically categorises cases by type and subcategory, and generates draft responses for human agents to review before sending.

Cases are then routed to the relevant teams based on that classification.

This means human staff are not yet removed from the process. They remain the final checkpoint before a response reaches a patient. However, the groundwork is being laid for a more autonomous model.

Looking ahead, the hospital intends to enable AI agents to resolve cases entirely without human review, handling matters such as appointment booking and rescheduling, medical report status updates, transport arrangements, and cross-selling of wellness packages.

Addressing the trust question

Deploying AI in a healthcare setting brings particular scrutiny around data sensitivity and patient safety. McLeary acknowledged that guardrails are central to the approach.

Bumrungrad International Hospital applies what it describes as a cyber Defence in Depth strategy, including round-the-clock monitoring. On the platform side, Salesforce’s Trust Layer provides a governance framework to keep AI interactions secure and grounded in verified data — a safeguard against errors, such as AI hallucinations, that carry greater consequences in a clinical environment.

Also Read: The job description is lying to you, and it’s costing you your best hires

Dynamic grounding connects the underlying language models to validated enterprise data sources, helping ensure that AI outputs are based on accurate, contextually relevant information rather than assumptions.

The hospital is tracking a set of operational and commercial metrics to evaluate the investment. These include reductions in service time from patient arrival to discharge, the elimination of queue times for patient engagement requests, and improvements in Net Promoter Scores as a measure of patient satisfaction.

Revenue growth is also a factor. Faster resolution of patient queries is expected to increase the volume of interactions handled successfully, while freeing staff to focus on higher-value tasks.

The road ahead

Before Bumrungrad International Hospital is prepared to let AI close cases without any human involvement, McLeary identified data infrastructure as the critical prerequisite — specifically, a unified platform that consolidates patient history, preferences, and medical records from across disparate hospital systems.

Staff and patient feedback will continue to inform the process. “As we do with any technology, we’ll have a continuous feedback loop with our staff and customers to ensure that their needs are being met,” McLeary said.

For a hospital that built its reputation on clinical excellence and international patient care, the move towards an AI-integrated operation represents an evolution in how that standard is maintained — not by replacing human judgement, but by augmenting the systems that support it.

Image Credit: Bumrungrad International Hospital

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