China’s government is planning to spend more than 1 trillion yuan ($143 billion) over five years to support the country’s domestic chip industry, Reuters reported. Beijing is expected to launch new fiscal incentive packages for the chip sector, including subsidies and tax credits, according to Reuters. The plans come as the U.S. has stepped up its efforts to limit China’s access to key...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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