Asia’s founders are spending more money on AI tools, with use of some coding tools rising by more than four times

Asia-Pacific’s newest crop of entrepreneurs are rapidly turning to artificial intelligence, with founders both launching new AI startups and spending more on AI tools.

Spending on AI tools by founders rose 20% last year, according to an in-house study of over 37,000 regional SMEs by Aspire, a Singapore-based fintech firm. 

“This signals a reallocation of capital towards efficiency,” Andrea Baronchelli, Aspire’s co-founder and CEO, tells Fortune. Usage of Anthropic’s Claude model grew by three times; usage of Cursor...