Tech In Depth

China’s AI Push Turns Tech Titans Into National Champions

Cupcakes bearing the Tencent logo sit on a table at the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong.

Photographer: Paul Yeung/Bloomberg
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Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Luz Ding reports on the changing sentiment toward big tech firms in China.

Korean chip startup rebuffs Meta: Korean chip startup FuriosaAI has turned down an $800 million takeover offer from Meta Platforms, choosing instead to grow the business as an independent company, a person with knowledge of the matter said.