US to Curb China Access to Cloud Services Like Amazon, WSJ Says
source link: https://finance.yahoo.com/news/us-curb-china-access-cloud-045126788.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
US to Curb China Access to Cloud Services Like Amazon, WSJ Says
(Bloomberg) -- The US is preparing to curtail Chinese companies’ access to cloud-computing services including those provided by Amazon.com Inc. and Microsoft Corp., the Wall Street Journal reported, citing people familiar with the situation.
Most Read from Bloomberg
Washington is considering requiring cloud providers to seek government permission before serving Chinese firms that employ such platforms to train AI models, the Journal reported.
Microsoft Azure and Amazon Web Services are the global leaders in the business of providing internet computing to enterprises, and compete in China with the likes of Alibaba Group Holding Ltd. through local, state-affiliated datacenter partners.
The White House and Commerce Department didn’t immediately respond to requests for comment. The Office of the US Trade Representative deferred to Commerce.
Tighten Controls
The Biden administration plans to tighten export controls announced in October to restrict sales of some artificial-intelligence chips to China, seeking to contain its rival’s development of a technology considered key to the country’s geopolitical and economic future. Part of the measures under discussion included restricting cloud access for Chinese AI developers, which was first reported by the Journal last week.
Under the broader Commerce Department proposal, expected in July, the US would revise export controls to make it harder to sell some chips to China without a license. The move is aimed in part at Nvidia Corp.’s A800 chip, which the US-based company designed after the earlier controls were announced. The product’s configuration comes just within those limits.
- TechCrunch
Rivian delivers first electric vans to Amazon in Europe
Amazon has begun rolling out its custom electric delivery vans from Rivian in Europe, the e-commerce giant said Monday. This will be Rivian's first commercial shipment of vans outside the United States. Amazon already has a fleet of thousands of electric vans operating in Europe, including more than 1,000 e-vans in Germany, the company said.
17h ago - Zacks
Here's Why Emerson (EMR) Should Grace Your Portfolio Now
Strength across the process and hybrid markets and improving supply chains augur well for Emerson's (EMR) growth. The company's focus on transforming into a global automation player holds promise.
3h ago - Reuters
German firm sees U.S. getting lion's share of 100 billion euro military fund
Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies, a leading tank gear box maker said, accusing Berlin of lacking a strategy for its defence industry. "I don't believe that much of the money will be left over for the German industry," Susanne Wiegand, chief executive of Renk Group, told reporters in Munich, adding the government in Berlin did not realise the strategic importance of the defence industry. Wiegand called on the government to use the 100 billion euro fund not only to plug short-term gaps in the German military's inventories but also to help develop technologies of the future.
3h ago - Reuters
Apple loses London appeal in 4G patent dispute with Optis
Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London's Court of Appeal ruled on Tuesday, dismissing the tech giant's appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are essential to certain technological standards, such as 4G.
3h ago - Bloomberg
Xi’s Metal Curbs Risk Backfiring as G-7 Seeks China Alternative
(Bloomberg) -- China’s decision to control the export of two key metals showed it has some power to retaliate against moves by the US, Japan and Europe to cut Beijing off from advanced technology. But it also risks backfiring. Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talks With Fed After Stress Test Re
9h ago - Reuters
Shein in talks with banks and exchanges about U.S. IPO-sources
China-founded online retailer Shein is working with at least three investment banks about a potential U.S. initial public offering, and has been in talks with the New York Stock Exchange and Nasdaq, people familiar with the matter said. Goldman Sachs, Morgan Stanley and JPMorgan Chase are among the banks helping Shein with its IPO preparation, according to six of the sources.
1h ago - Fortune
‘The global economy is due for a reality check,’ warns the central banks‘ bank
The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.
1d ago - Reuters
Apple among 7 big techs to face tougher EU rules after being rated 'gatekeeper'
Seven companies including Amazon, Apple, Google, Facebook-owner Meta and Microsoft say they meet the EU's new criteria of "gatekeeper" that means they have to meet tougher rules.
11h ago - Barrons.com
The U.S.-China Tech War Just Intensified. Why Microsoft and Amazon Are at Risk.
As Treasury Secretary Janet Yellen prepares to visit China later this week in a bid to improve relations, the two countries have succeeded in doing the complete opposite.
7h ago - Barrons.com
Netflix Likely to Build Its Own Ad Technology: Report
Netflix is said to be building its own advertising technology, and likely leaving Microsoft's platform, according to the Financial Times.
1d ago - The Wall Street Journal
Zuckerberg’s Quest to Re-Enter China Faces Challenge: His Own Words
More than a decade after Beijing blocked Facebook, parent Meta’s effort to sell its virtual-reality headsets in China faces challenges that include some of the founder’s past comments.
1d ago - Fortune
Student loan borrowers say the death of Biden’s forgiveness plan is a blow to the middle class: The debt is ‘like being shackled’
"Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."
1d ago - Bloomberg
China Restricts Export of Chipmaking Metals in Clash With US
(Bloomberg) -- China imposed restrictions on exporting two metals that are crucial to parts of the semiconductor, telecommunications and electric-vehicle industries in an escalation of the country’s tit-for-tat trade war on technology with the US and Europe.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talk
1d ago - Decrypt Media
Political Satirist Slammed for Creating Deepfakes of Trump, Biden Cheating on Their Wives
Images of several politicians engaged in infidelity were created to force a high-level conversation on disinformation.
5h ago - Business Insider
Tech stock investors are positioned for a 'win-win' outcome regardless of recession risk, Wharton's Jeremy Siegel says
Investors see tech stocks as a "win-win" - less vulnerable to a potential economic slump and also likely to benefit from any interest-rate cuts, Siegel said.
19h ago - Zacks
Boeing (BA) Wins $795M Contract to Procure Military Aircraft
Boeing's (BA) expertise lies in a wide variety of defense aircraft and jet components, repairs and modification-related programs.
6h ago - Bloomberg
Apple Cuts Vision Pro Goals After Production Issues, FT Says
(Bloomberg) -- Apple Inc. is slashing production targets for its Vision Pro headset because manufacturers are struggling with the novel gadget’s complex design, the Financial Times reported.Most Read from BloombergChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeBank of America Says it Started Talks With Fed After Stress Test ResultsLazard Fires Senior Banker for I
1d ago - The Wall Street Journal
What Makes Putin and the World’s Autocrats So Resilient?
A regime survival playbook of sorts has emerged, with states combining lethal force, widespread arrests and cooperation to halt opposition.
1d ago - Business Insider
The US could see inflation drop like a rock without hitting a recession, Bank of America says
The bond market's notorious recession gauge is showing a hard landing is coming for inflation, not the economy, Bank of America said.
2d ago - Business Insider
Forget quantitative tightening - the Fed will double its balance sheet to over $16 trillion, boosting stocks
"Investors should therefore expect a continuing tailwind from global liquidity instead of last year's severe headwinds."
2d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK