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SEA AI startups secure $1.7b amid $60b global tech boom
Southeast Asia is seeing considerable investment from global tech companies like Nvidia and Microsoft, with an estimated US$60 billion directed towards cloud services and data centers in the coming years.
However, local AI startups are gaining limited benefits from this surge, securing only US$1.7 billion in venture funding in 2024, according to Preqin data.
In 2024, the United States attracted $68.5 billion in AI investments, while China received $11 billion.
In comparison, Southeast Asia accounted for just 122 AI funding deals, significantly fewer than the 1,845 deals seen in the wider Asia-Pacific region.
Recent Nvidia developments
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18-Dec-2024 💻 Nvidia’s Vietnam deal: a game changer or just noise?
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18-Dec-2024 📉 Nvidia shares enter correction, Broadcom’s face decline
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17-Dec-2024 🚗 Nvidia’s Thor chip delay disrupts automaker plans
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13-Dec-2024 🚀 Nvidia crowns Vietnam as Indonesia’s tech investment rival
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12-Dec-2024 📰 Nvidia denies claims it plans supply cuts to China
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