AI Race Heats Up Between China and U.S Amidst Global Stock Downturn

JJohn October 9, 2023 5:22 PM

Welcome back to Equity, our show covering startup news. In this episode, we delve into the AI competition between China and the U.S., global stock downturn due to recent attacks, and the promising ventures in 'fake fish' technology.

Global stock and crypto downturn

In the latest global economic news, stock markets worldwide are experiencing a downturn. This comes in the aftermath of the recent attacks by Hamas in Israel, causing significant ripple effects across global financial markets. The crypto market is also following suit, with most currencies currently in the red. The geopolitical tension seems to be influencing the economic landscape, adding yet another layer of uncertainty to the already volatile crypto market.

China and U.S. in AI supremacy race

The quest for AI dominance continues with China ramping up its efforts to strengthen its national computing and data infrastructure - key elements that drive the power of AI. This move comes as part of China's strategic plan to rival the United States in AI capabilities. The race for AI supremacy between these two global powerhouses is heating up, and it's clear that it is far from over. Both nations recognize the potential of AI and are working tirelessly to be at the forefront of this cutting-edge technology.

An Anthropic paper on LLMs

In a noteworthy development, a newly published paper by Anthropic, has garnered significant attention in the AI community. The paper, which focuses on the understanding of LLMs (Large Language Models), could be a game-changer in the way we leverage these advanced AI models. As the saying goes: 'knowledge is power.' The better we understand these models, the more effectively we can utilize them to enhance our AI capabilities.

In startup news, Wanda Fish Technologies, a company dedicated to creating synthetic fish, has recently raised a staggering $7 million in funding. This signals a promising future for the fake fish industry, as alternative proteins continue to gain traction among consumers. Meanwhile, Lottie, a startup focused on improving UK care homes, raised an impressive $21 million. These funding rounds highlight the innovative solutions startups are developing to tackle pressing societal challenges.

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