The Biden administration’s latest round of export curbs on China is part of a two-pronged strategy that aims to halt China’s technological advances over fears it could use the innovations to bolster its military, while at the same time luring more chipmaking back to the U.S. with funding.
Web Summit Chief Executive and founder Paddy Cosgrave on Tuesday apologised for comments he made on the Israeli-Hamas conflict that prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month.
U.S. auto safety regulators on Tuesday opened a probe into whether General Motors’ self-driving unit Cruise is taking sufficient precautions with its autonomous robotaxis to safeguard pedestrians.
The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday.
The Biden administration said on Tuesday it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, part of a suite of measures aimed at stopping Beijing from getting cutting-edge U.S. technologies to strengthen its military.
The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light.
Executives from Vodafone and CK Hutchison’s Three UK unit said their 15 billion pound ($18 billion) merger would benefit Britain’s consumers, infrastructure and jobs, as lawmakers scrutinise the planned tie-up.
A Russian court on Tuesday fined Zoom Video Communications 115 million roubles ($1.18 million) for operating without opening a local office, the RIA news agency reported.
