TECH - US Regulatory Hurdles Push Chinese AI Startups To Shift Base To Singapore | Benzinga
In the face of rising geopolitical tensions and regulatory challenges in the U.S., Chinese artificial intelligence (AI) startups are increasingly relocating to Singapore. This move is aimed at gaining better access to global investors and technologies.
What Happened: Due to U.S. export controls, AI startups in China are finding it difficult to secure venture capital and access cutting-edge technologies. This has led many to shift their base to Singapore, Bloomberg reported on Monday.
According to Wu Cunsong, co-founder of Hangzhou-based AI firm Tabcut, Singapore offers a more business-friendly environment, access to global investors, and the ability to purchase advanced technologies.
“We wanted to go to a place abundant with capital for financing, rather than ...