It’s been another year of relentless artificial-intelligence (AI) hype and incremental AI achievement. Machines still beat humans only in carefully constructed environments or at narrow tasks. The good news is that, as technology progresses, the race for leadership is still wide open, and even Europe, where politicians fret that continent is lagging behind China and the US, is still quite ...

If you’re impressed by Masayoshi Son’s $100 billion Vision Fund, China’s $856 billion in “guidance funds” will blow your mind. The country is quickly becoming a major player in the venture capital world. This year, Chinese investors are involved in over $90 billion worth of deals, second only to the US and up from only $11.5 billion five years ago. ...

For reasons largely outside its control, the Federal Reserve is now being widely blamed for fueling financial market instability and risking derailment of the US economy. This is quite a contrast from just a few month ago, when it was still being feted by many for its role as an active and effective repressor of financial market volatility. It is ...