China’s government is considering imposing a fine of more than $1 billion on Ant Group, in a move that could mark a major turning point in Beijing’s two-year-long crackdown on the financial technology giant, Reuters reported. The government could announce the fine as soon as the second quarter of next year, after China’s central bank holds more discussions with other regulators, Reuters said....
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Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence. Since then, all manner of startups have emerged, building technology to compete with ChatGPT and developing services that use generative AI. Despite an otherwise cool funding environment, investors are jockeying to join the action. The most recent sign: The Information reported Wednesday that...
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