Ant Group, Alibaba’s financial technology affiliate, has applied to become a financial holding company that will be subject to more stringent rules and requirements, according to China’s central bank. Ant, China’s biggest online financial services platform controlled by Alibaba founder Jack Ma, will be regulated more like a bank than a tech company. People’s Bank of China announced the plans...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier