China's MiniMax nears completion of $250m funding to develop a ChatGPT-like solution, with a valuation of $1.2bn, in response to OpenAI's ChatGPT launch.
The AI stocks surge may be blinding investors to a recession warning given by Stan Druckenmiller's indicator, fueled by a decline in cyclical sectors. Despite this, AI tech continues its ascension with OpenAI's GPT 3.5 language processing model.
Elon Musk received a warm welcome during a surprise visit to China. Top ministers greeted him amid tensions between the US and China. Tesla's critical market remains in China.
Baidu launches $140m fund to invest in Chinese start-ups exploring generative AI, partnering with high-profile IDG Capital to assess and select founders' pitches.
Apple adds 3 new suppliers from India to reduce dependency on China for iPhone production, as 53% of Indian firms face spear-phishing attacks. Meta-owned WhatsApp is testing new features, including screen sharing. A TSNPDCL engineer is accused of sharing exam answers through electronic devices.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?