China’s central bank completed a second pilot of a new digital currency it hopes will be used as an alternative to China’s two largest tech giants, Alibaba and Tencent, The Wall Street Journal reported. The pilot was conducted in the Chinese city of Suzhou and involved handing out around $3.1 million to 100,000 local residents. The digital currency, which is backed by the Chinese...
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VCs Dangle AI Chips to Woo Founders
Venture capitalists have long flaunted their ties with startup founders. Lately they have been touting a different relationship: their connections with the biggest providers of artificial intelligence chips. VC partners competing to win sought-after investments in AI startups have been highlighting their relationships with Amazon, Microsoft and Google, which can give startups access to...
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