China Plans to Build Massive Technology Park Dedicated to AI Research

China plans to build a massive AI park. China has decided to take a big leap in Artificial Intelligence (AI) technology by planning to build a massive technology park that will be solely dedicated for AI research, according to the Chinese state-owned news agency Xinhua. The Chinese government will spend whopping 13.8 billion Yuan ($2.1 billion)…

ByGirish ShettiJanuary 4, 20180Comments

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Didi Chuxing Raises $4B in Fresh Funding for AI and International Expansion

Didi Chuxing raises $13 billion in fresh round. Chinese ride-hailing giant Didi Chuxing today announced that it has scooped up $4 billion from various investors in a fresh funding round. These funds will be used for several initiatives including international expansion and strengthening research in Artificial Intelligence (AI) development. The details of the investors were not revealed,…

ByGirish ShettiDecember 21, 20170Comments

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Google’s First AI Center in Asia to be Launched in China

Google to launch AI center in China Google’s parent company Alphabet Inc said on Wednesday that it will open a new state-of-the-art artificial intelligence (AI) center in China. This will be one of its kind AI center run by Google in entire Asia. It will conduct similar research work in AI as is being conducted at…

ByGirish ShettiDecember 13, 20170Comments

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After China, South Korea Follows Suit in Banning ICOs

South Korea bans capital rasing through ICOs In a fresh blow for cryptocurrency, South Korea’s financial regulator Financial Services Commission (FSC) on Friday announced that it will ban raising capital through all forms of virtual currencies. The regulator cited ‘potential for financial scams’ as main reason for imposing the ban. The decision comes closely on the…

ByGirish ShettiSeptember 29, 20170Comments

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