Tuesday, September 5, 2023

Sources: China plans to launch a new state-backed fund that aims to raise ~$41B for its chip sector, larger than the ~$19B and ~$27B funds from 2014 and 2019 (Reuters)

Reuters:
Sources: China plans to launch a new state-backed fund that aims to raise ~$41B for its chip sector, larger than the ~$19B and ~$27B funds from 2014 and 2019  —  China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector …



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Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-world tasks like navigating rooms, trained on Qwen3-VL (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg : Alibaba's DAMO Academy releases RynnBrain, an open-source foundation model to help robots perform real-worl...