Bloomberg estimates that Jack Ma’s humbled online financial services platform, Ant Group, which has been forced to restructure after regulators killed its IPO last year, could be worth only $29 billion – far less than the $320 billion it had been estimated to be worth if it had gone public. That estimate is based on Ant Group, the financial affiliate of e-commerce giant Alibaba, being valued...
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How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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How Microsoft Swallowed Its Pride to Make a Massive Bet on OpenAI
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