Megvii, owner of facial recognition software Face++ which had been put on a U.S. blacklist, will seek a domestic initial public offering. The artificial intelligence company had earlier sought a listing in Hong Kong. The decision shows how U.S. policy is having an impact on global capital flows. It also shows how China’s new Nasdaq-like market, the Shanghai Star Market, may stand to benefit...
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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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