In addition, the politically neutral environment of Singapore allows the startup to purchase cutting-edge technologies like Nvidia Corp.’s latest chips, which was not possible in China due to US export controls. This access to advanced technology is crucial for the growth and development of their AI startup.
Key takeaways:
- Wu Cunsong and Chen Binghui moved their AI startup, Tabcut, from Hangzhou, China to Singapore due to obstacles including a lack of venture capital.
- Singapore's business-friendly environment offers better access to global investors and customers, which is beneficial amidst the current geopolitical tensions that deter many US and international firms from China.
- Being in Singapore allows them to purchase Nvidia Corp.’s latest chips and other advanced technologies, which would have been impossible in China due to US export controls.
- The move by Tabcut reflects a trend among Chinese AI firms who are relocating to Singapore.