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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Nvidia Deepens Push Into AWS’ Turf
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips. Nvidia operates the service, DGX Cloud, with servers located in the data centers of Microsoft, Oracle and Google, which limits what Nvidia can...
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