China’s tech giants are allegedly experiencing increased pressure from regulators within the country who are worried about growing influence, causing Tencent to drop more than $60 billion from its market value as of Monday. The decrease in market value is largely due to concerns over greater regulator scrutiny. Chinese media
According to security researchers, two apps made by Chinese tech giant Baidu were leaking sensitive user data that left millions vulnerable to surveillance or cybercrime. The two apps are known to be Baidu Maps and the Baidu App, both of which were removed from the Google Play store last month
Baidu, China’s largest Internet company, released a preliminary version of its new blockchain service on Thursday. “Xuperchain” is advertised to help small to medium-sized businesses launch decentralized apps or “dapps.” Blockchain is a decentralized public ledger that allows individuals around the world to securely share data with one another. Champions
How is A.I. developing differently in the U.S. and in China? One aspect is the investment landscape. In a new MIT Technology Review article, the massive concentration of Chinese A.I. development in the hands of the three largest companies is emphasized and explored. While the country boasts 190 major A.I.