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News on Medial
China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain
Economic Times
·
1y ago
Medial
China is intensifying its crackdown on online scams in border areas of Myanmar, aiming to tackle criminal syndicates and their illicit activities. Despite joint operations with neighboring countries that have led to the return of thousands of victims, the crackdown primarily targets lower-level scammers rather than the masterminds behind these operations. Chinese authorities have made arrests and issued arrest warrants for individuals associated with powerful families in Kokang and Wa, which share the border with China. However, it remains unclear to what extent China's efforts will root out these scams and prevent future ones.
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China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
Economic Times
·
1y ago
Medial
A recent crackdown on cyber scams in Southeast Asia by China has resulted in the detention and repatriation of thousands of people involved in criminal networks. However, experts believe that the efforts are not comprehensive enough to eliminate the problem entirely. Chinese criminal syndicates continue to operate in countries like Myanmar, Cambodia, and Laos, preying on both Chinese and non-Chinese individuals through fake investment schemes and digital romances. The ongoing presence of these criminal networks hampers China's efforts to restore its image and discourages Chinese travelers from visiting Southeast Asia.
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China stock market may outperform India in short term but Nomura has a warning
Business Today
·
5m ago
Medial
Nomura maintains a 'Neutral' stance on China and 'structural Overweight' on Indian stocks, anticipating short-term China outperformance but expects it to be temporary. As Indian stock valuations remain elevated, there's potential for further decline amid positive Chinese momentum and domestic factors. Despite a decadal low foreign ownership in India, market challenges persist. Conversely, China's technology sectors remain attractive, though risks like US-China tensions may impact future performance. Investors are advised to exercise caution.
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Myawaddy scam valley: 2,000 Indians working in Myanmar's cybercrime web
Economic Times
·
5m ago
Medial
Approximately 2,000 Indians are trapped in cyber scam operations in Myawaddy, Myanmar, duped by fake job offers. Forced into online fraud targeting victims in India and the US, some have been rescued, but authorities say the scale is vast. The Indian embassy is working on evacuations while cautioning legal consequences for those willingly involved. The lawlessness of Myawaddy complicates rescue efforts, though global pressure prompts partial interventions by regional authorities.
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Back doors go both ways.
The Verge
·
8d ago
Medial
China's Cyberspace Administration has questioned Nvidia over "loopholes and backdoor" vulnerabilities in its H20 AI chips, designed for the Chinese market. This follows a previous antitrust investigation, as China seeks to boost its domestic chip industry. This scrutiny comes amid historical tensions, with the US previously raising security concerns about Chinese tech company Huawei. The situation may reflect broader competitive posturing between China and international tech giants like Nvidia.
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With smugglers and front companies, China is skirting US AI bans
Economic Times
·
12m ago
Medial
In Shenzhen, China, there is a market where vendors are illegally selling microchips used for artificial intelligence (AI) technologies, which the United States has tried to restrict from China. Despite the bans, there is an active trade in restricted AI technology where businesses have found ways to bypass the restrictions and sell products to China. This underground market, along with loopholes exploited by some companies, has allowed China to continue developing AI despite US efforts to control it. The US fears that China's access to AI technology could have implications for military advancements and cyber warfare.
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Capex, credit & caution: SBI MF’s Chief Economist Namrata Mittal on what lies ahead for Indian economy - BusinessToday
Business Today
·
1m ago
Medial
Namrata Mittal, Chief Economist at SBI Mutual Fund, analyzes India's economic prospects amidst global uncertainties, highlighting potential benefits from US-China trade tensions. India's real growth is expected to remain around 6.5% in FY26, supported by capex targets and easing monetary conditions, though concerns exist over private sector investment and household income. Inflation is likely to stay below 4%, with global economic slowdown and geopolitical tensions posing risks. Key sectors benefiting from structural shifts include energy and savings financialization.
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Biden to cut China off from more Nvidia chips, expand curbs to more countries
Economic Times
·
1y ago
Medial
The Biden administration plans to halt shipments of advanced artificial intelligence chips by Nvidia and others to China as part of efforts to prevent Beijing from acquiring cutting-edge US technologies for military purposes. The new rules aim to restrict China's access to advanced semiconductors and close loopholes in previous regulations. The measures will also apply to countries including Iran and Russia, while Chinese chip designers Moore Thread and Biren will be added to the blacklist. The United States and China have been engaged in a technology war, and these curbs further escalate tensions between the two nations.
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US curbs on chip tools to China nearly finalised
Economic Times
·
1y ago
Medial
The Biden administration is nearing the final stages of reviewing an updated rule that would restrict exports of US chipmaking equipment to China. These restrictions are expected to tighten the existing rules and close loopholes in order to limit the shipment of semiconductor equipment and advanced AI chips to China. The new rule has been posted on the Office of Management and Budget (OMB) website, indicating that it is close to being implemented. The Biden administration is also planning to publish a companion rule to update restrictions on exports of high-end chips used for artificial intelligence.
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Rule curbing AI chip exports to China under final review
Economic Times
·
1y ago
Medial
The US rule restricting the shipment of advanced chips to China has been revised and is currently under final review, indicating that further restrictions on chips used in artificial intelligence may soon be implemented. The updated rules aim to slow China's technological and military advancements in order to protect US national security. While the exact details of the revised rule are not yet known, it is expected to add restrictions and close loopholes in the current regulations.
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India bans streaming apps you’ve never heard of — but millions watch | TechCrunch
TechCrunch
·
13d ago
Medial
India has blocked 25 streaming services known for promoting "obscene" content, marking a significant digital crackdown. The affected platforms, including Ullu and ALTT, are popular for adult and edgy entertainment. Citing the Information Technology Act, the government ordered internet providers and app stores to restrict these services. Despite some apps being removed from app stores, APK files and websites remain accessible. The move highlights ongoing challenges in regulating explicit content, despite repeated government interventions.
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