Investree sues Indonesian financial regulator ⚖️, global AI mobile apps hit $2B revenue 💰, ethical AI in question 🤖

Dear Readers,
DeepSeek launched as a prominent upstart, disrupting OpenAI and USA’s dominance on AI conversations. But what does it entail? This week’s conversation (that no one seems to want to take) is about the ethics of personal data collection.

Also, here’s a roundup of the latest developments in Indonesia’s digital ecosystem over the past week. We hope this information helps guide your next strategic business decision.

Best regards,
The DailySocial Team

Here are some news updates from the Indonesian startup ecosystem over the past week:

• Yourpay Secures Investment from Japan’s W Fund. Neobank startup Yourpay, which caters to migrant workers, has secured an investment from Japan-based VC W Fund. While the exact amount remains undisclosed, this funding brings Yourpay’s total capital raised to US$6.7 million. Founded in 2018 by Christilia Angelica Widjaja, the granddaughter of Sinarmas Group’s founder Eka Tjipta Widjaja, Yourpay operates under Bank Indonesia’s regulatory approval. The company is currently active in Singapore, Hong Kong, and Taiwan, with plans to expand into Malaysia, Brunei, Japan, South Korea, and Saudi Arabia. [Read More]

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