China tech

Baidu, investors said to be in talks to raise US$2 billion for biotech start-up using AI technology

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[ Chinese tech giant Baidu is in talks with investors to raise up to US$2 billion over three years for a biotech start-up, which will use artificial intelligence (AI) technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said. A second person confirmed the start-up plan. Baidu is … Read more

China-US tech rivalry: Beijing plans to restructure national labs, boost investment in scientific research

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[ China is planning to realign hundreds of “state key laboratories” with the country’s technology priorities and articulate a 10-year programme to boost spending on fundamental science research, as Beijing rolls up its sleeves in competing for tech dominance against the United States. At the national technology working conference on Tuesday, the Ministry of Science … Read more