Hong Kong’s new stablecoin ordinance, which requires issuers of assets backed by fiat currency to be licensed, is set to take effect on August 1, according to a government announcement on Friday. The city’s Legislative Council passed the bill regulating stablecoins – a type of cryptocurrency backed by a reference asset, usually fiat currencies such […]
China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle Internet Group more than doubled on their debut in New York. The Chinese investment bank said in a filing to the Hong Kong stock exchange on Friday that it had invested in Circle, which was
Alibaba Group Holding has made its Qwen3 Embedding series available for developers, in the Chinese tech giant’s latest bid to solidify its global leadership in open-source artificial intelligence (AI) models. Released late on Thursday, the series marks another addition to the company’s line-up of large language models (LLMs), which are among the world’s most popular
Alibaba unveils new open-source AI embedding models, a field it leads globally Read More »
For years, the story of artificial intelligence (AI) has been cast as a high-stakes contest between the US and China – a technological arms race with global consequences. But to De Kai, a pioneering machine learning scientist and advocate for AI ethics, this framing fundamentally misunderstands the technology. “I would prefer to think about it
AI scientist De Kai offers a new vision for ‘parenting’ AI to avoid our own demise Read More »
