Thai scion writes his own script with AI

Check out our top articles for the week. [Read from your browser]( Top Stories of the Week Welcome to Tech in Asia's free Sunday newsletter! Get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. Hello {NAME} In family-run businesses, it’s common that the next generation takes over. Korawad Chearavanont, the grandson of one of Thailand's richest men, however, is branching out on his own. The scion of the family behind conglomerate Charoen Pokphand Group Company Limited (CP Group) helped raise US$60 million for his AI startup, Amity Solutions, in July. In our story, we explore if the new funding round was justified, given that the startup’s main product is generative AI-enabled chatbots, which isn’t an entirely new concept. Yet, Korawad’s product is now used by over 20 enterprises in and out of Thailand, including affiliates of CP Group. -- [Elyssa Lopez]( journalist at Tech in Asia  --------------------------------------------------------------- TOP STORIES THIS WEEK 1️. [Is CP Group scion’s AI startup worth the $60m it raised?]( Founded by the scion of Thailand’s richest family, Amity is set to pursue an M&A-led expansion and aims to go public by 2025. 2. [Grab’s financial health in 8 charts]( These charts offer a snapshot of how Grab is performing. 3. [Singlife founder’s buzzy new firm wants your spare cash]( Is it a bank? No, but its cash management product offers returns at 4.2% per annum, one of the highest in Singapore. 4. [Sea Group’s financial health in 7 charts]( These charts offer a snapshot of how Sea Group, the company behind Garena and Shopee, is faring. 5. [VC funds tracker: Antler nets $72m for second SEA fund]( Fundraising is difficult. To make things easier, we have compiled a list of the most recent VC funds for our subscribers. 6. [Init 6 adds travel gear brand Torch to D2C portfolio]( Indonesia-based Torch, which offers travel essentials such as bags and footwear, aims to have 50 physical stores by 2029. 7. [SG gig bill: Higher costs, stronger incumbents?]( Singapore's Platform Workers Bill could reshape gig work and boost costs for platforms like Grab, Foodpanda, and Deliveroo. 8. [India’s duopoly breaker looks to shake up SEA ecommerce]( ONDC is aiming to expand into Southeast Asia, despite struggling to break the dominance of Amazon and Flipkart in India. 9. [Pintar acquires 3 firms to boost overseas job placement]( The Indonesian edtech firm is aiming to close a series A round by year-end. 10. [Alibaba’s financial health in 12 charts]( Alibaba is China's largest ecommerce company. 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