The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which did not provide any details. Its creation reflects Beijing’s determination to advance the nation’s AI capabilities, despite greater tech restrictions imposed by Washington. Bejing made AI a national priority amid a heightened tech war between … Read more
Hangzhou-based Uniview on Tuesday was added to the so-called Entity List for enabling “human rights violations, including high-technology surveillance targeted at the general population, Uygurs, and members of other ethnic and religious minority groups”, the US Department of Commerce, which oversees the country’s trade policy, said in a filing. In a statement on Wednesday, Uniview … Read more
“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more
