What’s happened in AI: December 3rd-9th
Despite recent reports of Chinese VCs pulling back AI investment, many top AI players continue to raise large amounts of cash. ByteDance, the $75bn unicorn that has now surpassed Uber’s valuation, is in talks to raise another $1.45bn. The use of proceeds is to pursue their aggressive global expansion plans.
Meanwhile in the U.S., Republican Senator John Thune and Democratic Senator Gary Peters circulated a draft of a revised self-driving vehicle bill aimed at breaking a legislative stalemate. With the pace of innovation in the field, let’s hope they get this passed sooner rather than later.