President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House's move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean peninsula.
This new focus on AI is part of the US’s renewed drive to advance its at-home capabilities, to keep up with competitors, such as China and Russia. The news is somewhat of a change of heart from the Trump administration. Some members of the government had previously shown initial skepticism about the technology, which contrasted starkly with China’s full-throttle approach.
"The United States will not get a second chance to win the global 5G race," Meredith Attwell Baker, president and CEO of the wireless industry group CTIA, warned in April, when the group released a report concluding that the US trails China and South Korea in preparing for 5G (fifth generation) networks. If that doesn’t change, the report warns, the US economy will suffer.
The next wave of technological innovation is shaping up differently. China’s rulers have identified the industries they want to dominate this century, from robotics to biotechnology and artificial intelligence, or AI. Chinese firms with a project in those fields don’t have to sweat through pitches to venture capitalists: government coffers are open.
Plenty of people around the world got new gadgets Friday, but one in Eastern Tennessee stands out. Summit, a new supercomputer unveiled at Oak Ridge National Lab is, unofficially for now, the most powerful calculating machine on the planet. It was designed in part to scale up the artificial intelligence techniques that power some of the recent tricks in your smartphone.
Chinese government hackers have compromised the computers of a Navy contractor, stealing massive amounts of highly sensitive data related to undersea warfare -- including secret plans to develop a supersonic anti-ship missile for use on U.S. submarines by 2020, according to American officials.
Even at a European conference about fintech, one country dominated the conversation: China. This week, hundreds of fintech companies, from startups to tech giants, gathered at the Money 20/20 conference in Amsterdam, Netherlands. One key theme at the gathering was China's leading role in the fintech industry.
Many believe that China’s government prevents the untrammeled expression of ideas and thereby stifles innovation. As a result, the theory goes that China has to obtain technology from others because it cannot develop creative ideas on its own. While that might have had some truth to it for much of its recent economic history, it is no longer true today.
The Trump administration plans to shorten the length of validity for some visas issued to Chinese citizens, the State Department said Tuesday, as President Donald Trump works to counter alleged theft of U.S. intellectual property by Beijing.
President Trump said Tuesday that he would proceed with tariffs on $50 billion in Chinese imports and introduce new limits on Chinese investment in U.S. high-tech industries as part of a broad campaign to crack down on Chinese acquisition of U.S. technology.