An executive at a major Chinese insurer said Beijing’s crackdown on the internet finance sector that led to the cancellation of Ant Group’s initial public offering last November wasn’t a surprise to those in the industry. Jessica Tan, co-CEO of Ping An Insurance, said in an interview with Bloomberg that China’s regulators had been discussing tighter rules for the past two years. “Every...
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Why the AI Race Is Getting Weird
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
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