Journalism begins where hype ends

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The danger of AI is not that it will become conscious and hate us, but that it will become competent and ignore us."

—Eliezer Yudkowsky

China AI Boom: How is China Financing it? What a US-Based Research Firm Says

China’s AI buildout is drawing increasing investment as companies rely on equity, bank loans and other financing channels while AI revenues and profitability lag those of US peers.

According to a Rhodium Group report, China’s AI revenues and profitability lag those of US peers. The report says China’s AI models generated around $10.7 billion in combined annual recurring revenue, roughly 10% of recently reported levels for OpenAI and Anthropic, while Chinese AI firms rely on equity, bank loans and other funding channels to sustain investment.

OpenAI Launches Personal Finance Agents Within ChatGPT for U.S. Pro Subscribers

OpenAI has introduced personal finance AI agents within ChatGPT

The new AI tool, packaged as “your personal financial advisor” by OpenAI comes in the wake of its competition Anthropic AI launching a suite of pre-built AI agents for banks, insurers and asset managers in early May.