Chinese authorities are considering requiring Tencent to bring its WeChat Pay digital payment business under a new financial holding company, Bloomberg reported. Such a move could require WeChat Pay to obtain a new license to continue providing its service. The report comes as China’s government steps up its scrutiny of the country’s internet finance sector. Last year, Beijing forced Alibaba’s...
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Fear and Longing in the AI Wars
Hi, welcome to your Weekend! This is Abe filling in for Jon, who returns as Weekender-in-Chief next Saturday.If the cars, brain implants and spaceships don’t pan out, Elon Musk has a promising future as a fear-monger. His was the leading name attached to a widely discussed open letter published this week that urged a halt in artificial intelligence research, warning that AI poses “profound...
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