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Tech firms to showcase AI innovations in a China under US sanctions - The Economic Times
Economic Times
·
1m ago
Medial
Over 800 tech firms, including Chinese giants like Huawei and Alibaba and global companies like Tesla and Amazon, will gather in Shanghai for the World AI Conference, highlighting China's AI ambitions amid U.S. sanctions. Premier Li Qiang will address the event, underscoring China's goal to lead the AI race by 2030. The conference showcases China’s commitment to AI and self-sufficiency as it faces technological competition from the U.S.
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Trump administration weighs sanctions on officials implementing EU tech law, sources say - The Economic Times
Economic Times
·
16d ago
Medial
The Trump administration is considering sanctions against EU officials over the Digital Services Act, seen as censoring Americans and imposing costs on US tech firms. The move could result in visa restrictions, escalating tensions between the US and EU. The Digital Services Act aims to create a safer online environment by tackling illegal content. The US argues the Act imposes undue restrictions on free expression, while the EU maintains freedom of expression is central to the Act.
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Amazon shuts down Shanghai AI research lab: FT report - The Economic Times
Economic Times
·
1m ago
Medial
Amazon is closing its Shanghai AI lab amid rising US-China tensions, aligning with increased US scrutiny on American companies in China. This move is part of Amazon's global strategy to cut jobs, similar to actions by other tech giants like Microsoft and Meta, who are focusing more on artificial intelligence. The lab shutdown reflects strategic shifts in response to geopolitical challenges and broader industry trends towards AI reliance.
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US Senate panel urges treasury department to make tech firms comply with sanctions
Economic Times
·
1y ago
Medial
Democratic US senator Mark Warner, who heads the Senate Intelligence Committee, has called on the US Treasury Department to ensure that major tech firms, such as Meta Platforms and Alphabet, comply with sanctions against foreign firms that advertise on their platforms. Warner highlighted that companies like Google and Facebook continue to disregard US sanctions rules and provide adtech services to entities with ties to foreign adversaries. In his letter to Treasury Secretary Janet Yellen, Warner emphasized the importance of enforcing compliance with US sanctions, especially with upcoming elections in many countries.
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AMD says US government has approved licenses to export AI chips to China - The Economic Times
Economic Times
·
1m ago
Medial
The US government has approved licenses for Advanced Micro Devices (AMD) to export some of its artificial intelligence (AI) processors to China. This decision comes after restrictions on high-performance AI chip exports to China were imposed in 2022. The approval allows AMD to access China's lucrative market while complying with national security regulations. This move signifies a strategic balance between maintaining US security measures and catering to the demand in China's expansive tech market.
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China draws red lines on US chip tracking with Nvidia meeting - The Economic Times
Economic Times
·
1m ago
Medial
China has summoned Nvidia employees due to concerns about security risks in its H20 chips, challenging US plans to mandate chip-tracking features. Analysts suggest this move serves as a political message rather than a technical issue, aiming to caution domestic firms and influence US policies. Despite the tensions, Nvidia opposes backdoors in its chips, asserting trust in technology. This standoff reflects the broader US-China semiconductor trade and security challenges.
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Nvidia CEO to hold media briefing in Beijing on July 16 - The Economic Times
Economic Times
·
2m ago
Medial
Nvidia CEO Jensen Huang will visit Beijing on July 16 for a media briefing, marking his second trip to China since April. Amid US restrictions on Nvidia's chip exports due to military concerns, Huang's visit is significant, given that China accounted for $17 billion in revenue for Nvidia last fiscal year. Despite competition from Huawei, Chinese firms still demand Nvidia chips. US senators advised Huang to avoid meetings with certain entities while in China.
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The US is firing back again in the great China chip wars
Business Insider
·
1y ago
Medial
The US is ramping up its actions against China in the ongoing chip battle between the two countries. The Biden administration is reportedly considering imposing sanctions on Chinese semiconductor firms connected to Huawei Technologies. At the same time, the US government is set to announce $8.5 billion in grants to Intel for the construction and expansion of chip facilities across the country. These moves are part of the US's efforts to restrict China's chip industry while boosting its own semiconductor manufacturing and AI capabilities. China, in turn, is encouraging its EV makers to prioritize local chipmakers over US ones.
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US lawmakers accuse VC firms of funding Chinese military-linked firms
Economic Times
·
1y ago
Medial
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.
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Nvidia orders 300,000 H20 chips from TSMC due to robust China demand - The Economic Times
Economic Times
·
1m ago
Medial
Nvidia has ordered 300,000 H20 chips from TSMC due to strong Chinese demand, following a US ban lift. The H20 chip, tailored for China, is less powerful than Nvidia's other models. Nvidia is seeking export licenses while facing US-China tech tensions. The demand surge reinstates Nvidia’s focus on Chinese market presence, amidst geopolitical challenges and rival offerings. However, US legislators express concerns over national security implications.
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US senators warn Nvidia CEO about upcoming China trip - The Economic Times
Economic Times
·
2m ago
Medial
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.
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