US Regulatory Hurdles Push Chinese AI Startups To Shift Base To Singapore

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US Regulatory Hurdles Push Chinese AI Startups To Shift Base To Singapore - Benzinga

Quick Summary:

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 ...

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.

In the face of rising geopolitical tensions and regulatory challenges in the U.S., Chinese artificial intelligence (AI) startups are increasingly relocating to Singapore.