AIR APACAI Readiness Index · Powered by Exeter Labs

CAMBODIAQ2 2026

Cambodia shows proof early.

16 of 62 ranked companies publish proof of capability, averaging 62 of 100.

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Executive summary

Proof, arriving early

Readiness 17 of 100, range 14-20. Visibility 36.3 of 100 across 62 scored companies.

A low score here reflects the public record, not a company’s capability. Cambodia is among the proof leaders: of the five signals the index reads, its record leans hardest on capability visibility and thinnest on platform and data footprint. The conditions companies here operate under score 17, and what those companies publish scores 36.3. Of the two, the second is the one companies here control, and the quicker to change: 74% of the 62 companies with enough of a public trail to score publish no proof of capability at all.

16 of the 62 companies ranked in Cambodia publish proof of capability, averaging 62 of 100, before most of the platform beneath it exists.

Exhibit 1. Tier mix in this market
Tier mix in CambodiaEmerging 51, Findable 9, Building 2, Proven 0, of 62 listed companies in Cambodia. 2026-08-02T21:45:08.217259 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

11 companies in Cambodia reach the published APAC top 1,000.

51 of 62 are scored already, next in line for the published list.

17Readiness score for Cambodia. Range 14-20.
36.3Average visibility score across 62 scored companies. Public evidence only.
11Companies here that reach the published APAC top 1,000, of 62 scored.

Why visibility is the asset

Invisible is not the same as absent

Buyers, investors and partners treat it that way. Most decisions about a company are shaped before anyone is contacted, from what they can find. The record is the only version of it most people ever meet. and here most of the market has not written one yet, which makes a first published page the cheapest move available to it. In Cambodia, 103 of 167 companies screened leave too little behind to assess, which is the addressable group rather than the verdict.

Capital and customers screen before they call

Investors, corporate buyers and procurement teams build a shortlist from public material long before a meeting exists. A company absent from that material is not rejected on the merits. It never reaches the shortlist.

Partners and talent read the same record

Prospective partners, joint-venture counterparties and senior candidates all check what an organisation says about its own AI work. Silence is read as inactivity, which is often wrong and rarely without cost.

AI assistants now answer the question first

When someone asks an AI system what a company is doing with AI, the answer is assembled from public sources. A company that publishes nothing cedes its own description to whatever else the model finds.

Most companies we look at are doing more with AI than their customers, investors and partners can see. The work is real, the evidence of it is thin, and people decide on the evidence.
Indhran SegharFounding Director, AIR APAC
Proof concentration in Cambodia
Proof concentration in Cambodia16 of 62 ranked companies publish capability evidence, averaging 62 of 100. 74% publish none yet. 2026-08-02T21:45:08.273475 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

Evidence quality mix in Cambodia
Evidence quality mix in CambodiaShare of ranked companies in this market on each evidence grade A to D. 2026-08-02T21:45:08.283496 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

11Companies here reach the published APAC top 1,000.
24%Of 62 scored rest on grade A or B evidence.
51Scored already, and next in line for the published list.

Where the signal is strong

Cambodia’s strongest and weakest public signals

The five signals are not on one scale. Nearly every company in the index is discoverable and nearly none publishes proof of what it can do, so the longest bar below is a property of the index before it is a property of Cambodia. Read against its own other four signals, this record leans hardest on capability visibility and thinnest on platform and data footprint. The first is where companies here have already shown they can publish; the second is where the same effort has not yet gone, and it is the clearest place to start.

Exhibit 2. Average score by signal in this market
Average score by signal in CambodiaDiscoverability: 54.2 of 100. AI & Digital Evidence: 48.1 of 100. Platform & Data Footprint: 9.0 of 100. Freshness & Authority: 42.9 of 100. Capability Visibility: 16.1 of 100. 2026-08-02T21:45:08.229817 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

Signal shape, Cambodia’s five signals
Signal shape, Cambodia's five dimensionsDiscoverability: 54 of 100. AI & Digital Evidence: 48 of 100. Platform & Data Footprint: 9 of 100. Freshness & Authority: 43 of 100. Capability Visibility: 16 of 100. 2026-08-02T21:45:08.260754 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

The lean is capability visibility. 16 companies in Cambodia publish capability evidence, averaging 62 and well clear of the market. It works where it exists. The other 74% have yet to publish it, against 83% regionally.

Work published only in Cambodia’s own language is understated here, not absent.

Four tiers of visibility

Four tiers, and where companies in Cambodia sit

A tier is a position in the published regional ranking, not a grade anyone awards. It says how much of a company’s AI work a buyer or an investor can verify, and nothing at all about whether that work is any good.

TierCambodiaWhat it means
Tier 1Proven0Region rank 1-100. Publishing enough, recently enough, and across enough of the five signals that the public record alone establishes an AI position.
Tier 2Building2Region rank 101-400. A consistent public trail, usually strong on two or three signals and thin on evidence of hiring.
Tier 3Findable9Region rank 401-1,000. Credibly active and possible to verify, but sparse enough that it takes a deliberate search to find.
Tier 4Emerging51Ranked beyond 1,000. Clears the evidence threshold but does not reach the published list. Real companies, scored and unlisted, and the largest group in almost every market.

0 of the 62 companies in Cambodia that clear the threshold reach tier 1, and 51 are emerging, 82% of those scored. Emerging is the normal state of the region, and the group standing closest to the tier above.

Moving up a tier is a disclosure decision, not a technology one, because every signal this index reads is something a company already controls.

The visibility ladder in Cambodia
The visibility ladder in CambodiaScreened 167, scored 64, listed 62, published 11. 2026-08-02T21:45:08.294024 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

Sector strengths in Cambodia
Sector strengths in CambodiaFinancial Services: 20 companies, mean 42.4. Tech/Fintech: 13 companies, mean 37.1. Retail/E-commerce: 5 companies, mean 36.0. Logistics/Supply Chain: 7 companies, mean 34.7. Professional Services: 7 companies, mean 32.3. 2026-08-02T21:45:08.306361 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

National champions in Cambodia, top ten by visibility
National champions in Cambodia, top ten by visibilityABA Bank 59. LOLC Cambodia 59. Wing Bank 57. Chip Mong Bank 54. Canadia Bank 53. Loma Technology 53. Smart Axiata 51. ACLEDA Bank 50. DGB Bank Cambodia 50. Phillip Bank 50. 2026-08-02T21:45:08.327967 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

17CERS (0 to 100)triangulated market signal
14-20CERS band
CConfidence grade
61Domestic signal entities
36.3Mean raw RPScompany visibility

Source: AIR APAC AI Readiness Pulse, Q2 2026. CERS is a market-level signal, not a company readiness score. View sources.

Market context

Macro, state, and enterprise benchmarks for Cambodia.

BenchmarkValueRole
Country Readiness Prior (CRP v0.1)36.8Macro and state readiness prior
CRP v0.2 (three-block)not builtFull triangulated prior
Oxford Government AI Readiness 202436.6Macro input to CRP
IMF AI Preparedness Index 202337.0Macro input to CRP
Exhibit 3. Cambodia's readiness score and published range
Cambodia's readiness score and published rangeCambodia 17, range 14-20. 2026-08-02T21:45:08.249121 image/svg+xml Matplotlib v3.11.1, https://matplotlib.org/

Source: AIR APAC AI Readiness Index, APAC 5000, Q2 2026. Scores measure public evidence, not verified capability.

Cambodia has macro and state readiness context only; no market-level enterprise-adoption benchmark is populated. Read the CERS and CRP as directional context, not a validated enterprise-readiness measure.

Public company signal

What the indexed companies in Cambodia show.

SignalValue
Mean raw RPS visibility36.3
Sector-stratified signal34.1
Supplier-readiness signal34.5
Domestic-adopter signal43.9

Top organisations

The highest public-signal organisations in Cambodia.

RankOrganisationSectorRPSEvidence
276ABA BankFinancial Services59.0B
310LOLC CambodiaFinancial Services59.0B
426Wing BankRetail/E-commerce57.0C
550Chip Mong BankTech/Fintech54.0C
625Canadia BankFinancial Services53.0B
672Loma TechnologyTech/Fintech53.0B
831Smart AxiataFinancial Services51.0B
848ACLEDA BankFinancial Services50.0B
879DGB Bank CambodiaFinancial Services50.0B
931Phillip BankFinancial Services50.0B
964Vattanac BankFinancial Services50.0C

Ranked by raw public signal (RPS), a visibility measure. Open any organisation for its evidence profile.

Limits and what this is not

What this report does not claim

Printed with the findings rather than in an appendix at the back.

Known blind spots in this market

Cambodia carries 3 this cycle: small sample size for this market; evidence is gathered from English-language search, likely undercounting local-language activity; no enterprise-adoption benchmark source for this market. Each is a direction we know the number leans in. The country evidence behind the readiness score is graded C on source coverage of macro=1, enterprise=0.

A high score means published, not proven

A high visibility score means a company publishes a lot that can be found about its AI work. It does not mean the work is good, in production, or making money. A company here running serious AI quietly will score low here, and it should: this index reads the public record and nothing else.

What would change these numbers

Three things, all scheduled and all documented on page 21. Fuller source coverage per market, which is what currently sets the width of every readiness range. Validating the coverage weighting behind those ranges, which is a stopgap in this edition. And merging companies that operate several web domains, so one group cannot appear twice. Nothing here was audited inside a company, and no verified-readiness score is published this cycle. Next edition: Q3 2026.

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What to do with a visibility score

A visibility score is something a company here can move, because every signal behind it is something it already controls. Three steps separate it from a record that shows what it is actually doing.

Start with the company’s own row

Every scored company in Cambodia appears in the dataset with its five signal scores and an evidence grade. A grade C or D row is usually a company that has not said much, not a company that has not done much.

Then measure what this cannot see

This index reads the outside only. Leadership alignment, governance, data quality and workforce capability are invisible to it by design, and that is where the real answer sits.

Correct the record on purpose

Proof of capability is the region’s weakest signal, because companies announce intent faster than they show work. Job posts, named leads and dated case studies move the score honestly.

None of this requires a new AI programme. It requires publishing the one that already exists.

The full Cambodia dossier, as published.

11 of the 62 ranked companies in Cambodia reach the published APAC top 1,000.

Macau has no benchmark block and is reported as contextual. The dossier counts companies on a wider definition than this page does and the two reconcile: how the company counts fit together.

Assess readiness