China should more actively pursue the global lead in quantum governance to secure a strategic edge, an influential mainland think tank has urged, as dual-use quantum tech emerges as an increasingly important front in the country’s wide-ranging rivalry with the United States. China could also diversify its technological partnerships by deepening cooperation with EU countries…
US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a…
The United States first introduced the H1-B visa in 1990 under then-President George H.W. Bush. The visa was meant to bring specialised workers to the US to fill in for a domestic labour shortage. Over 3 decades later, the H1-B visa has transformed the US economy with thousands of skilled international workers joining every year….
HSBC on Thursday announced it has successfully used quantum computing in a trial to optimize bond trading, making it the first in the world to prove the value of the powerful emerging technology in the financial services industry. Working with IBM, the bank used a combination of classical computing and the tech giant’s Heron quantum…
Quantum computer-powered bond trading has performed 34% better than classical techniques in a trial conducted by HSBC and IBM. The two firms were jointly exploring how quantum computers can be used to predict how likely a bond trade would be filled at a quoted price, with the findings suggesting the technology has a real future…
For the past 25 years, top American tech firms including IBM, Cisco, and NVIDIA helped build China’s digital police state, an Associated Press investigation revealed Tuesday. The report shows these companies sold billions of dollars in technology that became the foundation of China’s vast surveillance network. This equipment enabled severe human rights abuses, from the…
The tech giant’s board-approved strategies reveal how legal corporate behavior can undermine national security. Observer Labs America’s geopolitical future increasingly hinges on private technology, and corporations wield influence once reserved for nation-states. Few cases better illustrate the risks of outdated governance standards than Intel—once a national champion, now at the center of a high-stakes global…
Amazon Web Services (AWS) has joined its US peers Microsoft and IBM in downsizing artificial intelligence research activities in mainland China amid ongoing geopolitical tensions. The company has decided to close its seven-year-old AI Shanghai Lablet due to “China-US strategic realignment”, according to Wang Minjie, the facility’s chief applied scientist, in an announcement posted on…