Chinese food-delivery giant Meituan is set to reap a sizeable financial windfall from its investments in frontier technology, including fast-rising artificial intelligence company Zhipu AI. The investment windfall provides a cushion as core-business margins face intense pressure from a battle with Alibaba Group Holding and JD.com. Credit: UNSPLASH Meituan posted an adjusted net loss of 4.97 billion yuan, or USD 735 million, for the three months ended March 31, marking its t

Microsoft unveiled a new quantum computing chip redesigned with the help of artificial intelligence. Credit: MICROSOFT The technology firm expects to have commercially useful quantum machines by 2029. This target date matches the timeline of rival IBM, which plans to spend USD 10 billion on quantum machines and has spun out a firm to manufacture quantum chips. Credit: MICROSOFT Microsoft had not previously provided a target year for the new chip. The company is racing