Wednesday, August 31, 2022

China's punishing tech crackdown has undercut the industry's position as the largest and most sought-after employer, leading to high graduate unemployment rates (Bloomberg)

Bloomberg:
China's punishing tech crackdown has undercut the industry's position as the largest and most sought-after employer, leading to high graduate unemployment rates  —  When Xi Jinping tightened the screws on China's technology industry last year, he escalated a jobs crisis for the youngest …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...