Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

US and China AI-tech standoff shows signs of spreading to other countries

CryptoExpert by CryptoExpert
August 11, 2023
in Regulation
0
US and China AI-tech standoff shows signs of spreading to other countries
  • Facebook
  • Twitter
  • Pinterest



You might also like

GRAM Price Jumps 20% But July Token Unlock Looms Large

EU Enters MiCA Enforcement Phase for Crypto Companies

XPL Price Jumps 21% as Plasma Activity Explodes

The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems.

A tense relationship is developing between the two world powers, as the Biden Administration announced it would limit Chinese tech investments in semiconductors, quantum computing and AI.

This move subsequently sparked concerns from regulators in other countries, with lawmakers in the United Kingdom and the European Union considering their next move in response to the U.S. action.

The U.S. guards AI and other tech

On Aug. 9, The White House released two executive notes about AI developments in full or in part. The first outlined a new opportunity for hackers to compete for monetary compensation by using AI to help secure U.S. infrastructure from cybersecurity vulnerabilities.

okex

However, the second defined China, Hong Kong and Macau as a “country of concern.” It stated the U.S. would regulate investments in such countries and sectors that “covered national security technologies and products.”

This included semiconductors, which are often used in the development of AI, microelectronics and quantum information technologies. It deemed these sectors “critical for the military, intelligence, surveillance, or cyber-enabled capabilities of a country of concern.”

The document read:

“Rapid advancement in semiconductors and microelectronics, quantum information technologies, and artificial intelligence capabilities by these countries significantly enhances their ability to conduct activities that threaten the national security of the United States.“

Currently, only the countries mentioned above were included in the note, though in a remark to Reuters, a Biden administration official said other countries could be added in the future.

The U.S. has already been cracking down on outward investments in Chinese technologies, along with Chinese access to services and products coming from the United States.

In October 2022, U.S. regulators placed bans on the export of semiconductor chips to China, which are needed to create high-powered AI systems, and have since expressed the desire to further restrict their availability.

China responds to tech spat with the U.S.

China immediately responded to the announcement from the Biden administration in a statement via the official channel of the Chinese Embassy in the United States.

The Chinese Ministry of Foreign Affairs spokesperson said it “strongly deplores and firmly opposes” the “single-minded” decisions of the U.S. on its investments in China. It said such a move politicizes business engagement and “overstretches” security concepts.

“This is blatant economic coercion and tech bullying, an act that seriously violates the principles of market economy and fair competition…”

The statement continued, calling the move “de-globalization” and an effort to phase China out of the scene.

China said it will follow the developments closely and will work in favor of its rights. 

Related: Alibaba releases two open-sourced AI models to rival Meta’s Llama 2

In response to previous U.S. measures around restricting AI technologies, China announced it would be tightening its controls on the export of AI chip-making materials.

In an Aug. 10 report from the Financial Times, sources close to the matter said that China’s internet giants, including Baidu, ByteDance, Tencent and Alibaba, have all made billion-dollar orders of Nvidia A800 processors in fears of even tighter controls from the United States.

The EU and U.K. consider the recent restrictions

Biden’s action against China immediately sparked responses from regulators overseas.

On Aug. 10, a spokesperson from the office of U.K. Prime Minister Rishi Sunak said the new orders clarify the U.S. position and the U.K. will consider the measures as it continues to “assess potential national security risks attached to some investments.“

Sunak and Biden signed an agreement to strengthen their alliance in June, which included deepening ties in areas such as advanced technologies like AI.

The European Commission made a statement on the same day, saying it would also analyze the U.S. decision.

European regulators have been actively monitoring developments in the AI sector and have been among the first to propose laws around the development and rollout of the tech.

Magazine: China’s risky Bitcoin court decision, is Huobi in trouble or not? Asia Express



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

GRAM Price Jumps 20% But July Token Unlock Looms Large

by CryptoExpert
July 4, 2026
0
GRAM Price Jumps 20% But July Token Unlock Looms Large

The GRAM price is finally showing signs of life after spending much of Q2 looking like another casualty of the altcoin graveyard. After a powerful rally in early...

Read more

EU Enters MiCA Enforcement Phase for Crypto Companies

by CryptoExpert
July 4, 2026
0
Cointelegraph

Update (July 4, 6:30 AM UTC): This article has been updated to correct information regarding MiCA compliance costs.The European Union’s cryptocurrency industry has entered a new enforcement phase...

Read more

XPL Price Jumps 21% as Plasma Activity Explodes

by CryptoExpert
July 4, 2026
0
XPL Price Jumps 21% as Plasma Activity Explodes

The XPL price didn’t wait around for a second invitation. The token surged more than 21% intraday after an announcement promising that flights booked with the Platinum card...

Read more

ESMA Says Many Prediction Market Contracts Fall Under Existing EU Rules

by CryptoExpert
July 3, 2026
0
Cointelegraph

The European Securities and Markets Authority (ESMA) has warned that many prediction market contracts may already fall under existing restrictions on binary options, saying companies cannot avoid financial regulations...

Read more

Top Altcoins to Invest in During Market Corrections

by CryptoExpert
July 3, 2026
0
Top Altcoins to Invest in During Market Corrections

While many investors are waiting for Bitcoin to find its exact bottom, one crypto analyst believes now is the time to gradually accumulate quality altcoins. Instead of trying...

Read more
Next Post
I Made $38,000 On ONE Bet 💥 #crypto #stake

I Made $38,000 On ONE Bet 💥 #crypto #stake

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 63,295.00
ethereum
Ethereum (ETH) $ 1,792.77
tether
Tether (USDT) $ 0.999173
bnb
BNB (BNB) $ 575.79
usd-coin
USDC (USDC) $ 0.999845
xrp
XRP (XRP) $ 1.17
solana
Solana (SOL) $ 81.84
tron
TRON (TRX) $ 0.325883
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.01
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?