Fun

News Feed - 2023-10-18 05:10:50

Savannah Fortis3 hours agoUS expands export controls for AI semiconductor chips to ChinaThe expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.915 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksThe United States Department of Commerce’s Bureau of Industry and Security (BIS) released a notice on Oct. 17 expanding the already existing export controls of artificial intelligence (AI) chips to China. 


The BIS wrote that the newly released rules “reinforce” those put in place back in October 2022, with the goal of restricting China’s ability to “both purchase and manufacture certain high-end chips critical for military advantage.”


Under Secretary of Commerce for Industry and Security Alan F. Estevez commented on the new controls sayin“Export controls are a powerful national security tool, and the updates released today build on our ongoing assessment of the U.S. national security and foreign policy concerns that the PRC’s military-civil fusion and military modernization present.”


One of the updated rules includes a new “performance threshold” on chips that can be exported from the U.S.


Previously, the highest-performing chips of the leading companies, like Nvidia and AMD, were the main targets of the export rules, allowing the companies to still export other models to China such as Nvidia’s A800 and H800.


However, the updated rule will now make it so even the A800 and H800 chips will be embargoed from exports to China. China is one of Nvidia’s largest markets along with Taiwan and the U.S.


The rule also requires the notification of exporting “certain additional chips” just below the performance threshold, after which the government will determine if the transaction can proceed.


Along with the restrictions the U.S. government said it will introducing a new exemption that will permit the export of chips for consumer applications.


Related:NYC mayor releases plans for responsible AI usage in local government


In addition to the new performance threshold, BIS also released a framework through which it intends to prevent circumvention of the rules.


These include establishing a worldwide licensing requirement for the export of controlled chips to any U.S.-embargoed country, creating new red flags to help identify restricted chips, creating a notification requirement for high-end gaming chip exports and requesting public comment on various related topics.


The administration also intends to control exports of manufacturing equipment and materials to make high-end chips.


According to the notice, the rules will be in effect from Nov. 16, 2023, with public comments about the rules having a deadline of 60 days thereafter.


This update to the export conditions comes as Chinese tech company Baidu announced the release of version 4.0 of its AI chatbot Ernie, which it claims to be on par with OpenAI’s ChatGPT.


Magazine:‘AI has killed the industry’: EasyTranslate boss on adapting to change# NVidia# China# US Government# United States# AI# Regulation# ChatGPT# OpenAIAdd reactionAdd reactionRead moreMeet the guerilla artist who staged a crypto ‘rug pull’ in front of the SECEurope"s AML regulations come at a high cost — for your privacy and otherwiseChina to build AI chip factory as global semiconductor race intensifies

News Feed

Tom Mitchelhill2 hours agoUS defense bill may be problematic for USDC and stablecoins: AnalystsA proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to c
Price analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Rakesh Upadhyay6 hours agoPrice analysis 3/28: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TONBitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.3220 Total views26 Total sha
Bank of England Governor Warns Cryptocurrencies Won’t Last
Bank of England Governor Warns Cryptocurrencies Won"t Last The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will la
Tristan Greene6 hours agoJudge denies stakeholders’ request for representation in Celsius bankruptcy caseThe judge also declined to declare the CEL token “not a security,” despite related rulings in the SEC v. Ripp
PODCAST: Caitlin Long on Bitcoin as Insurance Against Financial Collapse
“To me, it’s an insurance against instability in the mainstream financial industry,” said Caitlin Long, one of the most experienced Wall Street professionals to defect to the crypto space.
Quik․com’s Limited NFT Domains Minting is Now Live
Quik․com"s Limited NFT Domains Minting is Now Live sponsored Buzzwords like NFTs, Web 3.0, and blockchain domains have infatuated everyone in the tech and crypto of late. The term
Jesse Coghlan1 hour agoSEC use of Terraform ruling hints Coinbase dismissal motion attack planThe SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brou
Avalanche and Chainlink collaborate on Australasian on-chain asset settlement
Savannah Fortis10 hours agoAvalanche and Chainlink collaborate on Australasian on-chain asset settlementThe Australia and New Zealand Banking Group alongside Chainlink Labs collaborated to connect Avalanche and Ethereum
Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Position Wipeout
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by
Bitcoin trades above $69K following largest quarterly options expiry in history
Zoltan Vardai12 hours agoBitcoin trades above $69K following largest quarterly options expiry in historyBitcoin remained above the key $69,000 mark following the quarterly expiry event, suggesting the pre-halving retrace
Uphold to delist USDT and 5 stablecoins by July 1, citing MiCA
Prashant Jha1 hour agoUphold to delist USDT and 5 stablecoins by July 1, citing MiCAApart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to co