China Now Has the Most Valuable AI Startup in the World

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It becomes the world’s richest-valued private AI startup The company drives China’s ambition to dominate global AI said to have sought the biggest stake in the three-year-old startup. With the deal, SenseTime has doubled its valuation in a few months. Backed by Qualcomm Inc., it underscores its status as one of a crop of homegrown […]

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How a $1.8 Billion Indian Bank Fraud Lasted Seven Years

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The story of how India’s biggest bank fraud went undetected for seven years includes an $81 million cyber-heist in neighboring Bangladesh, penny-pinching lenders and a series of missed opportunities. In 2016, after revelations that hackers had infiltrated the Bangladeshi central bank’s computer systems to spreads and various government agencies move to investigate, one thing stands […]

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The Criminal Underworld Is Dropping Bitcoin for Another Currency

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Bitcoin is losing its luster with some of its earliest and most avid fans — criminals — giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A […]

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Spotify and Tencent agree to swap stakes in their music businesses

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Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses. Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through new shares, while Spotify will […]

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