From robots to cancer screenings, Asia’s next wave of AI startups is moving into the real world
The NextGen Tech 30 initiative in Singapore has shifted its focus toward AI startups applying technology to physical industries like wind farms and robotics. This marks a departure from previous cohorts that were primarily focused on software-based AI solutions.
Why it matters
The trend indicates a maturing AI market where startups are increasingly solving complex, real-world industrial problems rather than just digital ones.
More than half of the 30 companies showcased at the NextGen Tech 30 event are applying AI to physical industries, marking a shift from the software-focused firms in previous cohorts.
Minister for National Development and deputy chairman of the Monetary Authority of Singapore, Chee Hong Tat, sounds the gong to open the trading day at the Singapore Exchange (SGX), joined by founders of companies honoured at the NextGen Tech 30 event. (Image: CNA)
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