Navigating Asian AI Growth in 2024, APAC AI Investments to Reach $110 Billion

In today’s newsletter:

• Insights: Navigating Asian AI Growth in 2024— Insights from AI Apex Capital Connect Forum.

• Insights: The AI Video Model That Could Be the End of Sora

• Asia/Pacific AI investments to Reach $110 Billion by 2028, IDC Reports.

• Snap partners with Google to power Snapchat’s AI chatbot with OpenAI GPT rival Gemini.

Navigating Asian AI Growth in 2024— Insights from AI Apex Capital Connect Forum.

I was honored to host and moderate AI Apex Capital Connect Forum 2024, where leading AI voices, thought leaders on AI investments, and governance came together to discuss the most pressing issues facing the AI industry today. 

Today, we’re here to give you insider insights from three key panel discussions, addressing themes such as:

• How investors can move beyond the hype and focus on sound business fundamentals.

• How can AI companies prepare for the growing regulatory scrutiny as they go public?

• Where the next big opportunities for AI innovation lie—particularly in Southeast Asia.

In this article, we break down: 

1. Rethinking AI funding and public listing strategies as investors become more selective and look for long-term financial performance.

2. Governance challenges for AI companies navigating IPOs, including data privacy, security, and intellectual property risks.

3. AI Growth strategies for startups, focusing on emerging technologies like Agentic AI and untapped opportunities in Southeast Asia.

ByteDance's PixelDance: The AI Video Model That Could Be the End of Sora

ByteDance has officially entered a new era in AI video technology with the release of its Doubao PixelDance model:

• The global AI video market is expected to grow exponentially, with companies like ByteDance.

• Doubao PixelDance model introduces groundbreaking advancements in character animation, multi-lens video creation, and camera control.

• AI-driven content creation is becoming more accessible to non-professionals, disrupting traditional film, television, and advertising workflows.

• Experts predict AI video models will revolutionise video production, reducing costs and enabling creative freedom.

This article will explore:

• The unique features of the Doubao PixelDance model;

• How it enhances character performance and multi-lens video generation;

• Its impact on the film, television, and advertising industries; and

• Why the PixelDance model is setting a new standard for AI video technology.

News from Asia:

• AI will spur new jobs, roles but may impact repetitive, commoditised tasks: Deloitte South Asia CEO.

• Asia/Pacific AI investments to Reach $110 Billion by 2028, IDC Reports.

• ByteDance unveils 2 new video-generation AI models to narrow gap with OpenAI’s Sora.

• West Asian sovereign funds are pouring billions into AI investments.

News from the West:

• OpenAI’s CTO, Mira Murati, quits after 6.5 years.

• Intel launches new AI chips as takeover rumors swirl.

• Anthropic has floated $40 billion valuation in funding talks.

• Cloudflare’s new marketplace will let websites charge AI bots for scraping.

• Microsoft to spend US $1.3 billion in Mexico on cloud, AI tech.

• AI just made a mockery of CAPTCHA and that’s bad news for real people.

1. Metaforms.ai: A tool that allows you to design custom forms with AI assistance, offering intuitive form creation and optimization. It enhances user engagement by personalizing questions based on user interactions.

2. Immersive Fox: A 3D and AR marketing tool that creates interactive, immersive experiences for your brand. It helps engage users through augmented reality, offering a more dynamic and engaging way to showcase products or services.

3. Talefy.ai: An AI-driven platform that helps you turn data into engaging, insightful stories. It uses AI to transform complex data into compelling narratives, making it easier to communicate key insights to your audience.

4. Plumb: A customer insights platform that tracks user behavior across your digital products, allowing you to see how users interact with your content. It provides actionable data to improve user experience and engagement.