Fun

News Feed - 2023-10-07 06:10:44

Amaka Nwaokocha14 hours agoHouse Republicans urge tighter export controls on advanced chipsThe letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporated advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation.3132 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksOn Friday, Oct. 6, two senior Republican members of the United States House of Representatives urged the Biden administration to strengthen the enforcement of export controls on advanced semiconductors to China.


In a letter addressed to National Security Adviser Jake Sullivan, Representative Michael McCaul, chairman of the House Foreign Affairs Committee, and Representative Mike Gallagher, chairman of the House Select Committee on China, stated that China’s leading semiconductor manufacturer’s recent technological advancements underscore the necessity for revising the comprehensive regulations introduced in 2022. They emphasize the need to address what they perceive as deficiencies or “loopholes” in the existing rules.Screenshot of the letter urging tighter control of advanced semiconductors. Source: foreignaffairs.house.gov


The letter follows the unveiling of Huawei Technologies’ Mate 60 Pro smartphone, which incorporates advanced chips manufactured by China’s Semiconductor Manufacturing International Corporation (SMIC), despite U.S. sanctions.


McCaul and Gallagher stated in their letter: “The rules introduced on October 7 and the expanding capabilities of SMIC exemplify an inert and opaque bureaucratic system that lacks insight into China’s industrial strategy, fails to comprehend China’s military objectives, and exhibits a deficiency in technological comprehension. Additionally, it seems to lack the determination to take effective action.“


Related:Snapchat warned by UK data watchdog over AI chatbot risks


The legislators called upon the Biden administration to modernize the regulations and promptly respond to Huawei and SMIC. They further encouraged the administration to terminate Chinese firms’ access to potent artificial intelligence chips obtainable via cloud computing services.


Additionally, they emphasized the importance of enforcing the administration’s existing regulations that impose restrictions on Chinese enterprises, particularly those that impede U.S. officials from verifying compliance with U.S. export regulations.


Magazine:‘AI has killed the industry’: EasyTranslate boss on adapting to change# Law# Technology# United States# AI# RegulationAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingHow the actor model could enable better blockchain gaming appsCrypto VC: Token investing and the next bull run with Digital Wave Finance

News Feed

Ana Paula Pereira2 hours agoCrypto grants foster innovation amid venture capital exodusAlternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital i
Ethereum’s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship
Ethereum"s Pivot to Proof-of-Stake Consensus Worries Users About the Possibility of Protocol Level Censorship The upcoming consensus change that Ethereum, the second largest crypto
Ghana Vice President Praises Central Bank’s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade
Ghana Vice President Praises Central Bank"s CBDC Initiative, Says Digital Currencies Can Boost Intra-African Trade The Ghanaian Vice President, Mahamudu Bawumia,
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion JPMorgan has told its clients that ethereum is losing ground to rival crypto
El Salvador Starts Mass Buying Bitcoin Ahead of BTC Becoming Legal Tender Tomorrow
El Salvador Starts Mass Buying Bitcoin Ahead of BTC Becoming Legal Tender Tomorrow Bitcoin will become legal tender in El Salvador on Tuesday, Sept. 7. The Salvadoran government ha
LTNM Now Available on FMFW.io
LTNM Now Available on FMFW.io press release PRESS RELEASE. LTNM – another cryptocurrency that takes us to the next level! LTNM is an insured, asset-backed currency based on t
Bitcoin Wallet Review: BC Vault Throws Down the Gauntlet to Trezor
The Bitcoin hardware wallet space is increasingly active, with new entrants coming up all the time. If you search “hardware wallet” on Amazon, you get dozens of options. The two most well-known companies, of
Tristan Greene3 hours agoBinance names Richard Teng CEO amid Changpeng Zhao’s forced departureThe house that CZ built will now be helmed by its head of regional markets, as the U.S. Department of Justice has barred the
Ripple receives in-principle license approval in Dubai
Arijit Sarkar14 hours agoRipple receives in-principle license approval in DubaiRipple has acquired in-principle financial services license approval from Dubai’s DFSA, moving closer to offering cross-border crypto payme
CATO Institute: CBDC the ‘Single Largest Assault to Financial Privacy Since Creation of Bank Secrecy Act’
CATO Institute: CBDC the "Single Largest Assault to Financial Privacy Since Creation of Bank Secrecy Act" A central bank digital currency (CBDC) may turn out to be the “singl
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos Ukraine will become the world’s best jurisdiction for crypto assets, the minister overse
Crypto investment products see $584M outflow as Bitcoin descends to $60K
Nancy Lubale7 hours agoCrypto investment products see $584M outflow as Bitcoin descends to $60KApprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outf