1. Gartner expects AI economy to be $3.9 billion by 2022, McKinsey predicts $13 trillion by 2030, Tech investor Tej Kohli says $150 trillion by 2025

2. Lightspeed Venture Partners bags additional $311m for third late-stage fund

3. Early Spotify Investor, Creandum, Raises $300 Million for Young European Tech Startups

4. Australia’s Future Fund leads $30m round in US-based IoT data services firm Everactive

5. Apple is making a big expansion into Seattle, with plans to put 2,000 employees in two towers blocks away from Amazon’s HQ

6. Alphabet commits to data privacy in Toronto smart city master plan

7. Wells Fargo-Favored Mortgage Master Blend Raises $130 Million, Closing in on Unicorn Status

8. Microsoft’s edtech platform Flipgrid rolls out automatic transcription, AR tools, and Code.org content

9. UnitedHealth buys health-tech startup PatientsLikeMe, which faced Trump administration scrutiny over Chinese investor

10. Flyr raises $10 million for AI that helps airlines predict fares


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1. Changsha issues licenses for AV road tests, Baidu to offer driverless rides

2. Alibaba Cloud chief scientist Min Wanli quits, starts new AI-focused VC firm North Summit Capital, with $100M already committed

3. JD logistics unit raises 1.5 billion yuan investment fund

4. Yonghui, Tencent Back Out of Carrefour Investment Bid

5. HSBC backs launch of HK tech startup Serai to push growth in SME financing

6. AWS cuts prices by 49% for Chinese market

7. Suning.com acquires 80% stake in Carrefour China

8. China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech

9. Cloud-based OS development startup Huabao Technology 花豹科技 completes 20M RMB seed round



1. China’s iQiyi looks to North American and Japanese markets after hitting 100 million paying subscribers

2. Huawei’s U.S. research arm separates from corporate parent to build own identity

3. ZTE, NetCologne Debut First Commercial Super-Fast 212MHz Gigabit Network

4. Singapore’s Trax Acquires U.S. Retail Rewards App Shopkick

5. Online Reading Platform China Literature and Mobile Network Operator Singtel Partner to Expand Online Reading in Southeast Asia


Emerging Market:

1. Goldman Sachs reports Vietnam’s foreign direct investment from China jumped 4.6x to total 1.56B yuan in first 5 months of 2019

2. Walmart in Mexico launches grocery orders via WhatsApp

3. ZTE Pens 5G Deal With Indonesian Carrier Telkom

4. Africa’s first unicorn, Jumia Food, expands consumer reach to lower income households


Image credits: EJ Insight

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