WASHINGTON (AP) — Legislation introduced Wednesday in Congress would block Chinese artificial intelligence systems from federal agencies as a bipartisan group of lawmakers pledged to ensure that the United States would prevail against China in the global competition over AI. “We are in a new Cold War, and AI is the strategic technology at the…
WASHINGTON (TNND) — As the world turns its attention to the Middle East, China’s military expansion remains in the background. The NATO Secretary General expressed concern over China’s military expansion around Taiwan. Chinese Communist Party expert Gordon Chang said war in Asia could happen anywhere, not just in Taiwan. “I think there’s a bigger risk…
Chinese military analysts have closely followed Saturday’s US strikes on Iranian facilities, especially the bombs used – the GBU-57, a powerful “bunker buster” designed to penetrate deeply buried targets. While praising the success of the B-2 stealth bombers’ long-range delivery and the bunker busters’ performance, they also pointed out the limitations the bomb’s effectiveness, especially…
Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…
Aurora Mobile (JG), a Nasdaq-listed marketing technology provider, is the latest publicly traded company to plan a treasury strategy that includes cryptocurrency investments. The Shenzhen, China-based company’s board approved an initiative to convert up to 20% its cash and cash equivalents into BTC and other digital assets. The investments may include bitcoin , ether ,…
That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials, oil and gas research at BofA Global Research, said in an interview on Monday. Government investment is expected to account…
Chinese President Xi Jinping plans to skip the BRICS Summit in Brazil next month, which, if confirmed, will be his first-ever absence from the meeting of the grouping of emerging economies since taking office 12 years ago, according to a media report. Xi will not attend the BRICS Summit in Rio de Janeiro, the Hong…
Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few…
Beijing willing to ‘maintain friendly cooperation with the Iranian side and inject positive factors to peace and stability in the Middle East,’ says Foreign Ministry China on Wednesday called for a “lasting” and “effective” ceasefire between Israel and Iran, a day after US President Donald Trump announced an end to hostilities between the two sides….
By Timothy Gardner, Daphne Psaledakis and Jarrett Renshaw U.S. President Donald Trump has said that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, a move that the White House clarified did not indicate a relaxation of U.S. sanctions. “China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing…