Grab-Singtel and Ant Group win digital bank licenses in Singapore

grab-singtel-and-ant-group-win-digital-bank-licenses-in-singapore

Singapore on Friday granted four firms including Ant Group and Grab the licenses to run digital banks in the Southeast Asian country, in a move that would allow tech giants to expand their financial services offerings. The nation’s central bank, Monetary Authority of Singapore (MAS), said it applied a “rigorous, merit-based process” to select a … Read more

Daily Crunch: Google fires co-lead of its Ethical AI team

daily-crunch:-google-fires-co-lead-of-its-ethical-ai-team

Google fires a leading researcher, Stripe launches a new banking service and WarnerMedia shakes up the theatrical business model. This is your Daily Crunch for December 3, 2020. The big story: Google fires co-lead of its Ethical AI team Timnit Gebru, a leading researcher in the field of ethics and artificial intelligence, tweeted last night … Read more

WH’s AI EO is BS

wh’s-ai-eo-is-bs

An executive order was just issued from the White House regarding “the Use of Trustworthy Artificial Intelligence in Government.” Leaving aside the meritless presumption of the government’s own trustworthiness and that it is the software that has trust issues, the order is almost entirely hot air. The EO is like others in that it is … Read more

YC-backed LemonBox raises $2.5M bringing vitamins to Chinese millennials

yc-backed-lemonbox-raises-$2.5m-bringing-vitamins-to-chinese-millennials

Like many overseas Chinese, Derek Weng gets shopping requests from his family and friends whenever he returns to China. Some of the most wanted imported products are maternity items, cosmetics, and vitamin supplements. Many in China still uphold the belief that “imported products are better.” The demand gave Weng a business idea. In 2018, he … Read more

China’s internet regulator takes aim at forced data collection

china’s-internet-regulator-takes-aim-at-forced-data-collection

China is a step closer to cracking down on unscrupulous data collection by app developers. This week, the country’s cybersecurity watchdog began seeking comment on the range of user information that apps from instant messengers to ride-hailing services are allowed to collect. The move follows in the footstep of a proposed data protection law that … Read more

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