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HONG KONG/ WASHINGTON: For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to US interests and technological supremacy. Two years after it stopped promoting the Thousand Talents Plan (TTP) amid US investigations of scientists, China quietly revived the initiative under a new name and format as part of a broader mission to accelerate its tech proficiency, according to three sources with knowledge of the matter and a Reuters review of over 500 government documents spanning 2019 to 2023. The revamped recruit ment drive, reported in detail by Reuters for the first time, offers perks including home-purchase subsidies and typical signing bonuses of 3 to 5 million yuan, or $420,000 to $700,000, the three people told Reuters. China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. The primary replacement for TTP is a program cal...

Meta CEO Mark Zuckerberg has quitely buried the 'future of Technology ' - the Metaverse - as the tech giant focuses on AI. The Metaverse was a virtual social platform that allowed users to interact with each other in real-time, as well as attend live events and concerts, using specialized glasses and virtual-reality headsets. Confident in the Metaverse as the future, Zuckerberg had invested time and money into the idea, only to be proven wrong with the launch and hype of AI programs like ChatGPT. Read : SpaceX rocket carries multinational crew toward space station Reality Labs housed all Metaverse projects and had a resource allocation of nearly $24 billion alone, thus, the loss of failed idea must be immense, as the CEO rushes to focus on generative AI. In a Facebook post, he said that "We're creating a new top-level product group at Meta focused on generative AI to turbocharge our work in this area." "In the short term, we'll focus on bu...