Ant Financial, the digital-payment affiliate of Alibaba, is pushing back its initial public offering beyond 2019, the Financial Times reported. The newspaper said the IPO has been postponed amid regulatory pressures, lack of profitability and tighter liquidity in China. It also said Ant doesn’t need to raise cash due to its affiliation with Alibaba. Ant had told investors in its last funding...
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Meta, OpenAI Square Off Over Open Source AI
Artificial intelligence leaders and policymakers are divided on a key question: Are cutting-edge AI models too powerful to hand to just anyone? That question has pitted companies such as Meta Platforms, which recently made the code for its conversational AI freely available on the internet, against rivals such as OpenAI that sell proprietary AI like ChatGPT but don’t share the code....
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