China’s $189b insurance giant Ping An reveals huge bet on tech

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The company wants to eventually generate half its earnings from technology, up from almost nothing today.

Ping An invests in Tmunity

With an eye on Asia, Israeli startup Iguazio counts IPO in its roadmap

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The startup said it will consider a listing — likely in the US in line with most Israeli firms — a part of its roadmap. Iguazio’s backers include Verizon Ventures, Robert Bosch Venture Capital GmbH, the Chicago Mercantile Exchange Group and Dell Technologies.


Google Brain co-founder Andrew Ng partners Foxconn to bring AI to factories

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Ng said that while typical computer vision systems might require thousands of sample images to become “trained,” Landing.ai’s system would take only five training images, making it easier to adapt to different tasks in a factory.


Targeting local talent pool, Google opens AI research center in China

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The new center will join a list of similar ones operating in New York, Toronto, London and Zurich.


Electric car-sharing programme goes live in Singapore

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The electric car-sharing service will be run for a decade by BlueSG, a unit of France’s Bollore Group.


Telegram app founder says his $5b encrypted messenger is not for sale

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Telegram has about 180 million users, including 40 million in Iran, and is adding half a million more each day.


JPMorgan, Citi not willing to support launch of bitcoin futures – Report

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Goldman Sachs said it is planning to clear bitcoin futures for some clients as the new contracts go live on the exchanges in the coming days.


Bank Indonesia bans fintech firms from using cryptocurrencies in payments

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The central bank said it is examining whether there’s a need to regulate trading on virtual currency exchanges.


Australia’s ASX adopts blockchain technology to cut costs

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The move will make ASX one of the biggest mainstream financial markets to use the relatively new ledger system.


Bank Indonesia to prohibit use of bitcoin, other cryptocurrencies from 2018

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The decision has been reportedly taken to protect the sovereignty of the Indonesian rupiah, the country’s fiat currency.