Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more …
Recent Posts
China’s State-Owned Chery Plans To Sell Cars In The USA
Chery Automobile, a Chinese state-owned car manufacturing giant, is again considering entering the US market. This is the company’s third attempt after failing to do so in 2005 and again in 2020. In …
US to Allow Samsung, SK Hynix to Ship Certain Products to China
WASHINGTON (Reuters) – The United States on Friday gave permission for SK Hynix and Samsung to supply their China plants with certain U.S. chipmaking tools, the Commerce Department said in a statement.
China Mobile unveiled large language model
China Mobile has unveiled its self-developed large language model, which has won support from a string of State-owned companies across China, as the world’s largest telecom carrier by mobile …
TSMC expects permanent U.S. approval to supply chip tools to its China factory
Taiwanese chipmaker TSMC has received from the United States a waiver extension to supply U.S. chip equipment to the company’s factories in China, Taiwan Economy Minister Wang Mei-hua said on Friday.
China Targets Generative AI Data Security With Fresh Regulatory Proposals
Data security is paramount, especially in fields as influential as artificial intelligence (AI). Recognizing this, China has put forth new draft regulations, a move that underscores the criticality of …
China sets stricter rules for training generative AI models
China introduces draft rules for generative AI services, emphasizing data sources, blacklisting unlawful content as it aims to lead in AI by 2030.
Biden considers tightening AI chip controls to China via third parties
Sources close to the matter said the additional rules are expected to surface later this month and that the government is also working out ways to limit Chinese access to U.S. cloud computing services …
IMF says Asian economies under cosh as China’s property woes bite
China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic prospects, the International Monetary Fund (IMF) said on Friday, warning of a cloudier outlook for the once fast-growing…
PBOC emphasizes security in China’s digital finance evolution
China’s central bank, the People’s Bank of China (PBOC), is spearheading the nation’s evolution into digital finance, emphasizing the importance of security, cost-efficiency, and misuse prevention.
Yellen, China’s top central banker talk about debt, economic developments -US Treasury
U.S. Treasury Secretary Janet Yellen and People’s Bank of China Governor Pan Gongsheng on Friday held a “substantive and productive” meeting that covered debt, financial architecture and future economic communications,
China’s trade slump eases, boosting recovery hopes, but challenges persist
China released a mixed batch of economic data on Friday showing a slump in exports and imports was gradually easing, but lingering deflationary pressures underlined the challenges policymakers face in …
Sentencing given in child abduction case in Shenzhen
A defendant surnamed Wu was sentenced to five years in prison for the crime of kidnapping two children, while another one also surnamed Wu was sentenced to two years in prison for concealing evidence …