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By July, China had nearly 70 companies running shared bike businesses, with a total of more than 16 million shared bikes on the street. Users' bike registrations surpassed 130 million, the Ministry of Transport said on Thursday.

But there’s evidence?that all?the?major tech giants are investing heavily in artificial intelligence to try and make digital assistants?do a whole lot more helpful. At least that is what Raj Singh, the founder and CEO of Menlo Park, Calif.-based Tempo AI, is seeing as?he works to build a smart calendar that automatically manages all aspects of your work and personal life.

But what is nonsense is the statement itself.

By 2035, the shipping industry will see new business models featuring sufficient intelligence and a high-quality intelligent shipping system will be built by 2050.

But. if you get to a point where you look at it and you say look, we are continuing invest a lot of money in this, and it’s not working and we have a bunch of other good businesses, and this is a hypothetical scenario, and we are going to give up on this. On the day you decide to give up on it, what happens? Your operating margins go up because you stopped investing in something that wasn’t working. Is that really such a bad day?