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Jack Ma-backed Ant Group to adopt USDC for its blockchain platform to power cross-border payments, crypto transactions

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Key Takeaways Ant Group is partnering with Circle to incorporate USDC on its blockchain platform once the stablecoin achieves US compliance. Ant International’s blockchain already handles a third of the firm’s $1 trillion transactions and supports global banks and tokenized assets. Share this article Ant Group, China’s foremost fintech and digital technology provider, founded by … Read more

Jack Ma-backed Ant touts AI breakthrough on Chinese chips

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Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, … Read more

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