🧋 Hello, human and artificial friends,

What do you do when princes reject your pitch?

Audrey Quan went for a walk, noticed golden portrait frames everywhere in Abu Dhabi, and turned that into a million-dollar business.

The full story on today’s founders’ insights.

Also in this issue:

  • Singapore pumps $779m into AI research through 2030.

  • StepFun raises $700m Series B+ from Tencent & Co.

  • Japan becomes first partner in Trump’s Genesis Mission.

Happy reading! 📰

👉🏻 See what's brewing in Asia's AI scene through our eyes—Michael | Thomas

FOUNDERS’ INSIGHTS

She got rejected by a royal family. Then she made them her investors.

The royals love this hardware (and her)

When Audrey Quan flew to Abu Dhabi to pitch her AI technology, the response was brutal.

"Why would I need a digital version of myself? I don't even need to work."

The backstory

Her team had spent years building an AI platform that could clone anyone's face, voice, and gestures into a digital human. In China, companies used it for automated video ads, virtual spokespersons, and branded content. They assumed the Gulf would love it.

Nobody cared.

Instead of flying home, Audrey walked the city. Museums, hotels, palaces, government buildings. Everywhere: golden frames with portraits. Kings, princes, national heroes. A cultural obsession with image and legacy.

She pivoted on the spot. What if those portraits could talk?

Within months, the Abu Dhabi Royal Family invested in a joint venture. The AI-powered golden frame became their official national gift for visiting heads of state. The technology? Made in Shenzhen. The brand? Made in Abu Dhabi.

What's smart about it

The "Street Research" pivot. Audrey didn't run surveys or hire consultants. She walked the streets of her target market and observed what people already valued. Most founders try to educate customers on why they should want something new. She wrapped her technology in something they already loved.

Solving your own pain creates your best product. Innoaio's AI translator was never planned. The team built it because their CEO only speaks Mandarin with a Donbei accent and couldn't communicate with Arabic clients. During Ramadan, when business partners would forget conversations by the next day, response speed was everything. That internal tool is now their fastest-growing product and the #1 AI translator on JD.com during Double 11.

The physical shortcut. Instead of negotiating API access with WhatsApp, WeChat, and dozens of platforms, they built a magnetic Bluetooth device the size of a coin. Press the button, speak your language, release. The translated text appears in any app. It uses the phone's native copy-paste. A hardware workaround for a software gatekeeping problem.

Why this matters for you

The translator market is crowded. Google Translate exists. Apple is adding live translation. But Innoaio found an angle nobody else saw: cross-app functionality without a single API deal. Sometimes the biggest moat isn't better AI. It's a smarter delivery mechanism.

Audrey's company now has 200 employees, offices in Shenzhen, Hong Kong, Singapore, Tokyo, Dubai, Paris, and LA. They're targeting a Hong Kong IPO.

She's 35.

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RECENT AI

🇸🇬 Singapore invests USD 779m in AI research: The government will allocate more than S$1 billion for public AI research through 2030 to strengthen global competitiveness. As early as 2024, Singapore invested S$500 million in high-performance computing and another S$500 million in AI development via the national AI Singapore program. The new funding focuses on responsible AI development and talent cultivation from pre-university to faculty level.

🇨🇳 Xi Jinping calls AI an “epochal” transformation: China’s president described artificial intelligence as the next breakthrough technological revolution, comparable to the steam engine, electricity, and the internet. At his first official meeting of the year with ministers, Xi emphasized the need for domestic AI breakthroughs through a “whole-of-nation approach.” The remarks follow DeepSeek’s success, which thrust China’s tech industry into the global spotlight and supports Beijing’s strategy to overcome US technology restrictions.

🤖 DeepSeek taps Alibaba technology to improve text recognition: The Chinese AI startup released DeepSeek-OCR 2, replacing OpenAI’s CLIP framework with Alibaba’s open-source Qwen2-0.5b model. The update came just three months after the first version and enables more human-like document processing with semantically coherent scanning patterns. It highlights the growing importance of China’s open-source ecosystem for domestic AI development between the two tech giants.

🇯🇵 Japan becomes first partner in Trump’s Genesis Mission: Japan is the first country worldwide to join the Trump administration’s AI innovation project, aimed at accelerating nuclear fusion and quantum computing research through artificial intelligence. The agreement paves the way for deeper US-Japan cooperation in key national technologies. The Genesis Mission seeks to dramatically speed up scientific research using AI and secure strategic technological leadership.

BIG DATA

LG CNS crosses this 6 trillion Won revenue milestone for the first time — cementing its position as one of South Korea’s AI powerhouses.

🤖 AI boom pays off: The IT services provider is benefiting from Korean companies’ hunger for digitalization. AI and cloud alone generated 3.59 trillion won in revenue, up 7%.

The context: While other tech groups are slowing, LG CNS is growing on the back of AgenticWorks — an AI platform for autonomous business processes. Banks, manufacturers, and government agencies are investing heavily in AI transformation.

STARTUP LAB

🇮🇳 Emergent lets anyone build software with AI agents: The Indian startup closed a $70M Series B led by SoftBank Vision Fund and Khosla Ventures to scale its platform that uses AI coding agents to help users create and monetize apps without traditional dev teams—already claiming 5M users and $50M ARR within seven months.

🧠 SenseTime spinout Sunrise cuts AI inference costs: The Hangzhou-based chipmaker secured ~$420M in funding to scale AI inference–only GPUs—chips designed to run models cheaper and more power-efficiently than general-purpose processors. They have S1 and S2 in mass production and plans S3 in 2026, targeting a major drop in cost per AI response for data centers and enterprises.

🤖 China’s StepFun pushes AI from cloud into hardware: The Shanghai-based large-model startup closed a ~$700M Series B+ backed by Tencent, Qiming, China Life, and multiple state funds to scale its multimodal foundation models—already powering in-car AI systems for Geely, with deployments expected in 1M+ vehicles this year.

FUTURE COOKIE

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