Search results
Results From The WOW.Com Content Network
Nvidia stock slipped 2.5% on Monday after China opened an antitrust investigation into the chip giant amid escalating tensions between Beijing and Washington over artificial intelligence dominance.
The so-called AI Diffusion rule released Monday would limit the amount of AI chips most countries can purchase from US companies without obtaining a special license, with the aim of thwarting chip ...
(Reuters) -U.S. rules that will ban certain U.S. investments in artificial intelligence in China are under final review, according to a government posting, suggesting the restrictions are coming ...
Even if they weren’t, China has a wealth of AI talent, producing more top AI researchers than the U.S. By contrast, advanced chips are incredibly hard to make, and unlike algorithms or data ...
A related Executive Order 14032 ("Addressing the Threat From Securities Investments That Finance Certain Companies of the People's Republic of China") was signed by President Joe Biden on June 3, 2021. The national emergency declared by E.O. 13959 remains in effect and has been expanded by E.O. 14032.
The Chinese technology company ban spurred Chinese home-grown chip demand to skyrocket. According to Bloomberg in 2021, nineteen of the world's twenty fastest-growing chip industry firms originate in China. That is up from just eight Chinese companies in 2020. [5]
Until July, 149 technology and science companies signed up to list their stocks on its debut, aiming to raise a total of CN¥ 129 billion ($19 billion). [2] [4] The first round of subscriptions took place between June 27 and July 21, with 25 listed companies, 264 institutional investors and over 3 million individual investors participating. [2]
Beijing, meanwhile, “expressed a stern stance on the U.S. restrictions and pressure in the field of artificial intelligence” against China, the country's Foreign Ministry's Department of North ...