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Ant Group will apply to become a financial holding company that is overseen by China's central bank as part of efforts to appease regulatory concerns over the way it conducts its online payments operations. Pan Gongsheng, deputy governor of the People's Bank of China (PBOC), said in a statement that Ant representatives met with four of China's regulatory arms to address anti-monopoly concerns on Monday. In the statement, he also revealed that Ant Group has been working with the agencies in recent months to formulate "rectification plans" aimed at resolving these concerns. As part of the plan, Ant Group has agreed to apply to become a financial holding company that is supervised by the PBOC. It will also give consumers more payment method options and disconnect any "anti-competitive connections" between Alipay and other financial products, such as Huabei and Bibai, as part of the plan. The formulation of the "rectification plan" follows the suspension of Ant Groups's initial … [Read more...] about Ant Group to become a financial holding company overseen by China’s central bank

The Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) are recommending a pause in administration of the Johnson & Johnson's COVID-19 vaccine in the U.S. after six people developed a rare and severe type of blood clot within two weeks of vaccination. More than 6.8 million people have been given the Johnson & Johnson single-dose vaccine in the U.S. so far, according to the CDC . "Right now, these adverse events appear to be extremely rare," Dr. Peter Marks, the director of the FDA's Center for Biologics Evaluation and Research, and Dr. Anne Schuchat, principal deputy director of the C.D.C., said in a statement . "We are recommending a pause in the use of this vaccine out of an abundance of caution." Related: Quick guide: COVID-19 vaccines in use and how they work On Wednesday, the CDC will convene a meeting with the Advisory Committee on Immunization Practices to review these cases, according to the statement. … [Read more...] about US may pause J&J coronavirus vaccines due to rare cases of blood clots

Google has worked for years to position itself as a responsible steward of AI. Its research lab hires respected academics, publishes groundbreaking papers, and steers the agenda at the field’s biggest conferences. But now its reputation has been badly, perhaps irreversibly damaged, just as the company is struggling to put a politically palatable face on its empire of data. The company’s decision to fire Timnit Gebru and Margaret Mitchell — two of its top AI ethics researchers, who happened to be examining the downsides of technology integral to Google’s search products — has triggered waves of protest. Academics have registered their discontent in various ways. Two backed out of a Google research workshop, a third turned down a $60,000 grant from the company, and a fourth pledged not to accept its funding in the future. Two engineers quit the company in protest of Gebru’s treatment and just last week, one of Google’s top AI employees, a research manager named Samy Bengio who … [Read more...] about Google is poisoning its reputation with AI researchers

On Tuesday morning, the US Food and Drug Administration and the Centers for Disease Control and Prevention issued a release acknowledging an extremely rare clotting disorder was associated with the use of the Johnson & Johnson COVID vaccine. The problem is actually less than a one-in-a-million issue; in data from the US, where 6.8 million doses of this vaccine have been used, there have only been six instances of the clotting problem detected. Because the clots call for an unusual treatment, however, the organizations are calling for a pause in administering the shot. This will provide them with time to ensure the medical community is aware of the appropriate treatment. This is not the first vaccine to create extremely rare clotting issues. They've also been seen following use of the AstraZeneca vaccine . The problem appears to be caused by the harmless virus (an Adenovirus) that carries a single gene from SARS-CoV-2 in order to elicit an immune response. The leading … [Read more...] about J&J COVID vaccine use paused due to one-in-a-million complication