Mike Kim, the Asia-Pacific director of Google for Startups, believes Asia’s startup ecosystem for artificial intelligence has a lot of room to develop due to the impatience of Asia’s millennials and Gen Z population. Kim saya “Young people in Asia want things now, AI allows people to, at the touch of a button, have access to some of the best resources, whether it’s in health or finance. That’s why people are so excited about this technology.” Another factor contributing to Kim’s optimism about AI businesses is the region’s growing aging population. The region is home to the seven fastest-aging populations in the world. When there aren’t enough employees a company can hire, AI can help. Therefore, nations who are experiencing a severe demographic cliff will use AI even more so they can support themselves.
Google For Startups’ APAC Head Sees Huge Growth Potential For AI Startups In Asia