BTC $80,867.95 -1.13%
ETH $2,380.65 -1.19%
BNB $739.45 +0.27%
XRP $1.29 -2.09%
SOL $102.53 -1.86%
TRX $0.3297 +0.25%
DOGE $0.0788 -0.78%
ADA $0.2115 -1.87%
BCH $278.44 -1.79%
LINK $11.86 -2.45%
HYPE $77.18 -0.97%
AAVE $144.69 -2.70%
SUI $0.9624 -2.69%
XLM $0.1734 -2.01%
ZEC $1,172.83 -4.41%
AAPL $347.66 -0.12%
AMZN $249.00 -0.91%
GOOGL $321.99 -1.06%
MSFT $525.04 +0.95%
META $641.89 -0.87%
NVDA $211.52 -1.23%
TSLA $372.73 -0.99%
SNDK $1,242.40 -1.93%
INTC $86.96 +0.14%
SPCX $147.88 -0.01%
MU $885.60 +2.16%
AMD $519.62 +0.78%
BTC $80,867.95 -1.13%
ETH $2,380.65 -1.19%
BNB $739.45 +0.27%
XRP $1.29 -2.09%
SOL $102.53 -1.86%
TRX $0.3297 +0.25%
DOGE $0.0788 -0.78%
ADA $0.2115 -1.87%
BCH $278.44 -1.79%
LINK $11.86 -2.45%
HYPE $77.18 -0.97%
AAVE $144.69 -2.70%
SUI $0.9624 -2.69%
XLM $0.1734 -2.01%
ZEC $1,172.83 -4.41%
AAPL $347.66 -0.12%
AMZN $249.00 -0.91%
GOOGL $321.99 -1.06%
MSFT $525.04 +0.95%
META $641.89 -0.87%
NVDA $211.52 -1.23%
TSLA $372.73 -0.99%
SNDK $1,242.40 -1.93%
INTC $86.96 +0.14%
SPCX $147.88 -0.01%
MU $885.60 +2.16%
AMD $519.62 +0.78%

bain

All
Article
Flash

first_img Reports from Google and others: Southeast Asia's generative AI users reach 243 million

Cailian Press reported on October 22 that a joint report released by Google, Temasek, and Bain & Company shows that the number of generative AI users in Southeast Asia reached approximately 243 million in less than three years, accounting for 58% of the local labor force, with a penetration rate about four times that of mobile internet. Only 1% to 2% of the local population pays for personal AI services.Florian Hoppe, a partner at Bain & Company, stated in an interview that businesses can achieve AI commercialization through e-commerce, digital advertising, and other operations without having to rely entirely on consumers paying directly. They can also use AI to improve e-commerce conversion rates and handle routine customer inquiries. The report noted that about 80% of customer inquiries on the e-commerce platform Shopee are handled by AI chatbots, with the cost per customer contact decreasing by 30% year-on-year. In early cases, companies that applied AI saw a year-on-year increase in conversion rates of 10%, with the average spending per order increasing by as much as 75%.The report also stated that the total value of goods traded in Southeast Asia's digital economy is expected to grow by 17% year-on-year to $368 billion by 2026, and is projected to exceed $1 trillion by 2035. Among these, the online travel market is expected to grow by 10% to $59 billion, online media revenue is expected to grow by 22% to $44 billion, and the ride-hailing and food delivery market is expected to grow by 15% to $40 billion. The total value of goods traded in Southeast Asia's e-commerce market is projected to be $226 billion in 2026, an 18% year-on-year increase.

RQD Clearing, a U.S. clearing and custody institution, has completed a $74 million financing round, led by Bain Capital

According to CoinDesk, the U.S. clearing and custody institution RQD Clearing announced the completion of a $74 million financing round, led by Bain Capital Tech Opportunities, a technology investment division of Bain Capital, with participation from ABN AMRO Clearing Bank and Nyca Partners. This round of financing will be used to expand operations in North America, Asia, and the Middle East, and to enhance infrastructure development for digital asset custody and asset tokenization.RQD primarily provides post-trade clearing and custody services for broker-dealers, investment advisors, and overseas financial institutions in the U.S. market, responsible for key processes such as securities and funds settlement, and risk management. This year, the company has processed approximately 515 million stock trades, involving nearly $2 trillion, accounting for about 2.4% of the National Market System (NMS) stock trading volume in the U.S.As Wall Street institutions accelerate their exploration of on-chain finance, traditional market infrastructure is becoming an important direction for the competition of tokenized assets. RQD has previously collaborated with Blue Ocean Technologies to advance the clearing and settlement infrastructure for tokenized U.S. stocks and has aligned with the tokenized securities framework of the Depository Trust & Clearing Corporation (DTCC).
app_icon
ChainCatcher Building the Web3 world with innovations.