Nvidia Corp.'s developer conference in the coming week promises to showcase the "arms race" generative artificial intelligence has become. Read More...
Didi to expand services in China after regulators end probe
Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up its business in China following the end of a regulatory probe. Didi was banned by Chinese regulators from taking in new users and its app was removed from app stores from mid-2021 until this January. The ride-hailing firm, launched in Beijing in 2012 and backed by prominent investors including Alibaba, Tencent and SoftBank Group, ran afoul of regulators at the powerful Cyberspace Administration of China when it pressed ahead in 2021 with a U.S. stock listing against the regulator’s wishes, sources have told Reuters.