Broadcom plans $100b Qualcomm bid to build chip behemoth

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If successful, the deal would be the largest technology takeover.

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HK’s SenseTime to raise $500m in largest AI funding round, Temasek could join

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The latest fundraising will value SenseTime at about $2 billion.


Bitcoin is ‘very definition’ of a bubble, says Credit Suisse CEO

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While bitcoin remains a no-go with the industry, banks are racing to develop blockchain, the technology underpinning the currency.


Alibaba leads $27m round in US-based open source database firm MariaDB

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It bagged a $27-million funding from European Investment Bank earlier this year


Face recognition startup Megvii raises $460m led by Chinese state fund, Ant Financial, Foxconn

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A previous round of financing last December valued Face++, a Beijing-based start-up behind Alipay’s “scan your face to pay” function, at $2 billion.


Google paving its path for China comeback through AI, investments

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Google is promoting TensorFlow, that makes it easier to build AI systems, to forge business ties in China.


China’s Baidu teams up with state-owned Shouqi on driverless cars

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The Chinese internet company is trying to reshape its business around AI and autonomous driving.


Self-driving startups race down a narrowing road

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Total funding of self-driving startups from both corporate and private investors has barely topped $5 billion.


Chinese voice recognition firm iFlytek launches $150m AI fund

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iFlytek also plans to launch more incubators in Beijing, Shenzhen and Tianjin.


Two Indonesia bitcoin payments platforms shut down

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This follows recent Bank Indonesia announcements that it will not recognize bitcoin as a means of payment.