That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that the value is pre-money, which, adding the round, would put ByteDance’s valuation at $78 billion. That’s […]

Hong Kong-Baidu has become the first Chinese company to join a US-led alliance on artificial intelligence that includes Silicon Valley’s biggest names. The Partnership on AI was established in 2016 to ease concerns about the development and use of the frontier technology. Fears over AI include the risk of machines becoming smarter than people, which Elon […]

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain patents issued around the world […]