Is China Winning the Artificial Intelligence Race?
The artificial intelligence race draws many comparisons to the moon race between the United States and China. But is that an overreaction, and, if so, who is winning right now?
China
Whoa… Primavera Capital Raises $3.4 Billion China Fund
Primavera Capital Group has raised $3.4 billion for its Primavera Capital Fund III. This is the second-largest close ever by a domestic manager with a focus on China. The record belongs to Boyu Capital Fund IV at $3.6 billion.
ABI Research: U.S. Represents 52.3% of All Artificial Intelligence Investment
ABI Research said this week that the United States is the top market for investment in artificial intelligence. According to the study, the U.S. represented 52.3% of all AI investment in 2018. That figure signaled that the U.S. has replaced China as the global leader.
Bitcoin Goes Vertical After Chinese President Xi Jinping’s Pro-Blockchain Remarks
Bitcoin rallied 16% after Chinese President Xi Jinping called for his country to “seize the opportunity” afforded by blockchain.
Speaking at a Politburo Committee session on blockchain technology trends Thursday, Xi told committee members: “We must take the blockchain as an important breakthrough for independent innovation of core technologies.”
More Defections from the Libra Cryptocurrency Project
The Libra cryptocurrency project has lost another major partner on Monday over regulatory scrutiny around the stablecoin. Today, Booking Holdings – the company behind Priceline, Kayak, and Booking.com – dropped out of the Libra Association.