China pledged to increase spending on R&D by more than 7% every year for the next five years and boost investment in basic research, as part of its annual work report. As part of the plan, Reuters reported that China would highlight artificial intelligence, quantum computing, semiconductors, genetic research and other fields. The report comes just as the U.S. government has signaled...
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Andreessen Horowitz Values Clubhouse at $4 Billion With DST, Tiger
Andreessen Horowitz is valuing the social media app Clubhouse at $4 billion in a round of financing with new investors DST Global and Tiger Global Management, according to a person familiar with the matter. The round triples Clubhouse’s valuation from January, in a deal Andreessen Horowitz also led, and comes as rivals Twitter and Spotify roll out their own audio chat features. It...
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