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GM to Invest $300 Million in China’s Self-Driving Firm Momenta

By
Shai Oster
· · Source: Reuters

GM said it will invest $300 million into autonomous driving technology firm Momenta, the first time the American carmaker has put money into self-driving tech in China, where foreign firms face restrictions such as limits on mapping technology. GM produces cars with local partners, including SAIC, which also backs Momenta, which is one of the few firms that has a permit for making...

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From left, Alphabet CEO Sundar Pichai, DeepMind CEO Demis Hassabis and Google Brain chief Jeff Dean. Photos by Getty, Bloomberg
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Alphabet’s Google and DeepMind Pause Grudges, Join Forces to Chase OpenAI
By Jon Victor and Amir Efrati
OpenAI’s success in overtaking Google with an artificial intelligence–powered chatbot has achieved what seemed impossible in the past: It has forced the two AI research teams within Google’s parent, Alphabet, to overcome years of intense rivalry to work together.
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Orlando Bravo, co-founder of Thoma Bravo LLC. Photo by Bloomberg.
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Elon Musk. Photo by Bloomberg.
markets
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