Bloomberg Technology
China Criticizes Didi, Meituan in Car-Hailing Clampdown
Sep.02 — Chinese regulators summoned executives from 11 car-hailing companies — including services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. — and criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday. Enda Curran reports on “Bloomberg Surveillance Early Edition.”
Bloomberg Technology
Odd Lots: Maybe AI Won’t Kill Us All — Just Some of Us
Big Tech has been sounding alarms about the risk of AI causing human extinction but there are also skeptics who dismiss the notion, like former US Federal Trade Commissioner Alvaro Bedoya, who referenced the Black Death to dismiss warnings of existential risks. On this episode of the Odd Lots podcast recorded live at the Vermont…
Bloomberg Technology
James Manyika on AI Regulation
“I don’t think it should be left to any one company.” Google SVP James Manyika says a “collective effort” is needed to ensure AI safety. ——– Like this video? Subscribe to Bloomberg Tech on YouTube: Watch the latest full episodes of “Bloomberg Tech” with Ed Ludlow here: Get the latest in tech from…
Bloomberg Technology
Billions Pour Into OpenAI, DeepSeek Ahead of IPOs
Bloomberg’s Ed Ludlow breaks down OpenAI’s talks with multiple investors to raise at least $30 billion at a valuation of about $1.4 trillion. Plus, DeepSeek is also close to securing at least $12 billion in funding ahead of its own IPO next year, and JPMorganChase CEO Jamie Dimon weighs in on data centers and AI…
Odd Lots: Maybe AI Won’t Kill Us All — Just Some of Us
James Manyika on AI Regulation
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Kyodo News Agency
September 2, 2021 at 11:13 am
AI expert Lee Kai-fu on China clampdown against big tech — “In the age of artificial intelligence, big data is the new hydrocarbon. China used to have a huge advantage over the US in the realm of big data. But that advantage was eroded by Trojan backdoors like Didi and other Chinese tech companies who had to surrender their China-based big data to the US regulatory bodies in order to get listed in the US bourse. This is a painful and costly lesson for China.”
Sharp Investment Show
September 2, 2021 at 10:05 pm
Peak Fintech is my #1 play on the Chinese economy! They are also expanding globally a well.