Daily News | Google AI research center in China

Today’s news report begins with some interesting news from Google. According to the latest information from Beijing, Google AI research center will be based in China, as the company hopes to target the country’s local talent. Besides that, Chinese policy makers officially support investigations on artificial intelligence, even though they imposed strict rules on foreign firms in the past year. That’s why Google’s search engine, its app store, email and cloud storage services are banned in the Chinese market. Chinese establishment still fears that foreign media could destabilize the country and harm socialist ideas. All in all, the fact that Google AI research center will be in China tells us that the Chinese perspective is changing and that we should keep our eye on the situation.

Second important piece news we bring you in this daily review is the recovering of oil prices. They rose on Wednesday by 1.1 percent and now stand at $64.03 a barrel. U.S. West Texas Intermediate crude rose 45 cents or 0.8% and its price is now $57.59 a barrel. Also, the price was affected by the fact that Britain’s biggest pipeline from the North Sea will probably be shut for several weeks. Some other producers such a BP and Royal Dutch Shell closed down their oil fields in response to that. As for the situation in the USA, the estimation is that U.S. crude oil output will rise by 780,000 barrels per day.

The latest today’s information has to do with the hottest topic in the world of finances – bitcoin. As you all know, bitcoin futures were launched earlier this week by Cboe Global Markets, and the CME Group futures will probably be launched on Dec. 17. On the Luxembourg-based Bitstamp exchange the world’s most important cryptocurrency was quoted at $17,310. As for the technical analysis, it seems like there’s an extension of a wave. In other words, bitcoin could go above the psychologically important level of $20,000. If you’re into trading cryptocurrencies, you still have the time to join.

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Author: Max Rothstein

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