Author: JohnValbyNation

China’s leading AI start-ups hit by U.S. blacklisting

A U.S. move to blacklist four of China’s leading artificial intelligence start-ups has thrown a blockbuster Hong Kong listing into doubt and left billions of dollars of foreign investment caught in the cross fire. On Monday, the U.S. Commerce Department put eight companies on its “entity list,” accusing three of China’s leading facial recognition companies,…

By JohnValbyNation October 10, 2019 0

Uber's stock market woes are bad news for PayPal

PayPal Holdings Inc. will report a $228-million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public. Click Here: Cheap Golf Drivers The San Jose-based payments company said the investment in Uber, for $500 million at the initial public…

By JohnValbyNation October 10, 2019 0