Shares of Amazon are emerging as a good bet during these tumultuous times. As the stock market plunged 7% on Wednesday, Amazon fell just 1.4% while other big tech stocks like Apple and Google dropped more than 4%. In contrast, Uber shares fell 26% while Lyft dropped 14%. The ride-sharing companies are facing a collapse in their business due to the coronavirus lockdowns on people’s movements. ...
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Five Startups Vying to Be the OpenAI of China
As OpenAI and Google battle for artificial intelligence supremacy in the West, a parallel contest is happening in China. Dozens of young Chinese startups as well as local tech giants Alibaba, Tencent and Baidu are developing machine-learning models to power chatbots similar to OpenAI’s ChatGPT. Five Chinese startups, including MiniMax and LangBoat, stand out from the startup pack when it...
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