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China calls on central state-owned firms to take larger role in AI development

Economic Times

Economic Times · 1y ago

China calls on central state-owned firms to take larger role in AI development

The Chinese government is urging central government-owned enterprises to prioritize the development and adoption of artificial intelligence (AI) technologies. Zhang Yuzhuo, the party chief of the state-owned Assets Supervision and Administration Commission, stated that these enterprises should actively embrace AI reforms and drive industrial renewal. The government is emphasizing the need for these enterprises to develop new generation AI technologies and establish smart computing centers.

Related News

OpenAI declares AI race “over” if training on copyrighted works isn’t fair use

Arstechnica

Arstechnica · 5m ago

OpenAI declares AI race “over” if training on copyrighted works isn’t fair use

OpenAI has urged former President Trump to address AI copyright concerns, emphasizing that declaring AI training as fair use is crucial to maintaining America's competitive edge over China in AI development. OpenAI argues that unrestricted access to training data is essential for innovation and national security. The company advocates for federal laws to override state regulations hindering AI advancement, and also calls for protective measures against international laws that could slow down U.S. AI progress.

US lawmakers accuse VC firms of funding Chinese military-linked firms

Economic Times

Economic Times · 1y ago

US lawmakers accuse VC firms of funding Chinese military-linked firms

A US congressional report alleges that venture capital firms, including Sequoia Capital China and Qualcomm Ventures, invested at least $3 billion in Chinese tech companies that support Beijing's military and repression of minorities in Xinjiang. The report also scrutinizes investments made by GGV Capital, GSR Ventures, and Walden International in Chinese AI and semiconductor firms with questionable ties. The Committee calls on the Biden administration to restrict US investment in Chinese firms involved in military or human rights violations and expand existing restrictions on US investment in China.

Indian tech firms to be key driver for global AI: Microsoft Asia president Ahmed Mazhari

Economic Times

Economic Times · 1y ago

Indian tech firms to be key driver for global AI: Microsoft Asia president Ahmed Mazhari

Indian tech firms will play a significant role in global AI development, says Microsoft Asia President Ahmed Mazhari. He sees Indian IT services companies as important growth levers for implementing AI worldwide. Mazhari also believes AI could unlock $621 billion in productivity for India. Microsoft's AI offerings are already boosting developer productivity for Indian companies like Infosys and powering enterprise apps such as Indigo's 6E SkAI. India is also emerging as a leading contributor to AI projects on the Microsoft-owned platform Github, with plans to surpass the US in terms of developers by 2027.

Trump administration seeks to ban China from buying US farms

Livemint

Livemint · 1m ago

Trump administration seeks to ban China from buying US farms

The Trump administration plans to collaborate with state legislators to prevent the sale of U.S. farmland to China and other nations deemed security threats. Officials argue that foreign ownership of American farmland could compromise national security. While China has dismissed these security concerns, the administration is pushing to ensure that valuable agricultural assets remain domestically controlled. Notably, companies like Smithfield and Syngenta, owned by Chinese firms, exemplify the foreign ownership under scrutiny.

ETtech Explainer: How Trump tariffs hit Nvidia’s China business, and stock

Economic Times

Economic Times · 4m ago

ETtech Explainer: How Trump tariffs hit Nvidia’s China business, and stock

The U.S.-China trade tensions are affecting Nvidia's business as the U.S. imposes export restrictions on Nvidia's H20 AI chips. This threatens $5.5 billion in potential sales and impacts other tech firms reliant on Nvidia chips in China. Nvidia's CEO has met with Chinese officials to address stability issues. The restrictions may accelerate China's domestic chip development and hit U.S. tech firms' revenues, including AMD. Nvidia's shares dropped significantly in response.

China exerts grip on tech as Beijing expands economy control

Economic Times

Economic Times · 1y ago

China exerts grip on tech as Beijing expands economy control

China's ruling Communist Party is set to have a larger role in guiding the country's technology industry, signaling Beijing's intention to exert more control over its economy. The Party will establish a mechanism for top decision-makers on the Central Committee to steer technological work, with a focus on sectors like semiconductors and artificial intelligence. This move comes as part of China's efforts to compete with the US in the technology race. However, there are concerns about the efficacy of state control, as it has yielded mixed results in the past.

Sensex, Nifty buck global trade war fears to log best day in a month

VCCircle

VCCircle · 6m ago

Sensex, Nifty buck global trade war fears to log best day in a month

Indian shares saw their largest one-day gain in a month, as the BSE Sensex rose 1.81% and the Nifty 50 climbed 1.62%, overcoming global trade war concerns. This optimism was spurred by U.S. tariff pauses on Mexico and Canada, hinting at potential negotiations. Despite fears from U.S.-China trade tensions, Indian markets remained hopeful, especially given India's relatively smaller export to the U.S. Financial stocks led the gains, while state-owned firms rebounded due to softer crude prices.

China moves to widen state employee iPhone curbs

Economic Times

Economic Times · 1y ago

China moves to widen state employee iPhone curbs

China has in recent weeks widened existing curbs on the use of iPhones by state employees, telling staff at some central government agencies to stop using their Apple mobiles at work, two sources familiar with the matter said.

US senators warn Nvidia CEO about upcoming China trip - The Economic Times

Economic Times

Economic Times · 1m ago

US senators warn Nvidia CEO about upcoming China trip - The Economic Times

Two U.S. senators, Jim Banks and Elizabeth Warren, have cautioned Nvidia CEO Jensen Huang against meeting Chinese firms potentially undermining U.S. chip export controls during his China trip. They urged him to avoid companies linked to China's military and intelligence bodies. Nvidia plans cheaper AI chips for China. Concerns persist over Nvidia's role in strengthening China's AI industry and circumventing U.S. controls, amid tensions over advanced AI export regulations.

MWC 2025: From AI to smartphone penetration – 5 Things to know

Livemint

Livemint · 5m ago

MWC 2025: From AI to smartphone penetration – 5 Things to know

The Mobile World Congress (MWC) 2025 in Barcelona highlights key trends shaping the mobile industry. AI is central, with brands like Honor and Xiaomi integrating it into devices, despite concerns of "AI fatigue" among consumers. Trade tensions, particularly US-China disputes, impact global supply chains and prices. Calls for regulatory easing in telecoms grow, while smartphone sales rise after a downturn. Europe pushes for tech sovereignty amid geopolitical tensions, aiming for strategic independence in critical sectors.

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