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.
Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods.
The U.S. government was well aware of China’s aggressive strategy of leveraging private investors to buy up the latest American technology when, early last year, a company called Avatar Integrated Systems showed up at a bankruptcy court in Delaware hoping to buy the California chip-designer ATop Tech. ATop’s product was potentially groundbreaking -- an automated designer capable of making microchips that could power anything from smartphones to high-tech weapons systems.
It is a non-nuclear weapon that theoretically can hit any target around the world in one hour -- while evading the most modern of missile defense systems. The Russians on Wednesday paraded one in Red Square, and China is aggressively pursuing a development program for its own variant. In the race to develop hypersonic weapons, the Pentagon finds itself in an unfamiliar place: trailing its two main military rivals in a cutting-edge military technology and scrambling to catch up.