Washington, June 26 (IANS) Two bipartisan U.S. lawmakers on Friday introduced legislation aimed at closing what they described as a major loophole in export controls that could allow China and other U.S. adversaries to access advanced American artificial intelligence computing power through cloud service providers. Congressman Josh Gottheimer and Congressman John Moolenaar, Chairman of the House Select Committee on China, unveiled the Cloud Security Act, arguing that existing U.S. export control…
Latest AI chips News & Updates
Seoul, June 10 (IANS) Two people have been caught cheating on the TOEIC English-language proficiency test using artificial intelligence (AI) glasses in first such case in South Korea, the test administrator said on Wednesday.The two people were caught while sitting the exam on May 10 and 31, respectively, after proctors reported suspicions they were wearing AI glasses, according to the Korea TOEIC Committee, reports Yonhap news agency.Under committee regulations, the test results of both individ…
Washington, June 2 (IANS) A senior US senator has questioned whether Nvidia’s advanced artificial intelligence chips are continuing to reach China despite American export restrictions, citing a series of criminal cases that allegedly involved the diversion of hundreds of millions of dollars worth of the company’s technology.Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, said recent Justice Department cases raise “urgent questions” about Nvidia’s compliance with US ex…
Washington, May 28 (IANS) US Senator Elizabeth Warren has accused President Donald Trump of using his recent China trip to benefit billionaire allies and corporate donors, saying the visit amounted to “a corruption tour disguised as diplomacy”.The report, released by the minority staff of the Senate Banking, Housing and Urban Affairs Committee led by Warren, alleged that Trump’s China policy favoured wealthy business interests over American workers, farmers and families.“President Trump …
Washington, May 16 (IANS) The high-profile summit between US President Donald Trump and Chinese President Xi Jinping delivered symbolism and strategic messaging but produced few concrete breakthroughs, according to leading China experts at the Council on Foreign Relations (CFR).The experts said the Beijing summit helped stabilise tensions temporarily after last year’s bruising trade confrontation, but failed to resolve deeper disputes over Taiwan, technology controls, tariffs, rare earth miner…
Seoul, April 30 (IANS) Samsung Electronics said on Thursday that its first-quarter net profit surged more than fivefold from a year earlier, driven by robust demand for high-end memory chips used in artificial intelligence (AI) applications.Net profit for the three months ended March jumped to 47.22 trillion won (US$31.8 billion) from 8.22 trillion won a year earlier, the company said in a press release.Operating profit jumped more than eightfold to 57.23 trillion won from 6.68 trillion won over…
Washington, April 17 (IANS) China is using both legal purchases and illicit networks to acquire advanced American artificial intelligence chips, posing a growing national security threat, U.S. lawmakers and experts warned during a congressional hearing. John Moolenaar, Chairman of the Select Committee, during a Congressional hearing said “China’s smuggling of advanced AI chips is a pervasive threat,” pointing to multiple cases disrupted over the past year. He cited a recent Justice Departm…
New Delhi, March 17 (IANS) Major chipmaker Nvidia made a series of announcements at its annual GTC event, with CEO Jensen Huang saying that the company could generate up to $1 trillion in revenue from AI chips alone by 2027 amid the ongoing rapid growth in artificial intelligence industry.Speaking at the event held in San Jose, California, Huang outlined Nvidia’s strategy to dominate the AI ecosystem by building an integrated stack of hardware, software and infrastructure.One of the key highli…
Washington, Feb 25 (IANS) US export enforcement officials have acknowledged that advanced American AI chips are being smuggled overseas, as lawmakers warned that China is aggressively seeking to bypass restrictions to power its military and artificial intelligence ambitions.At a Congressional hearing on strengthening export control enforcement, Congressman Bill Huizenga said the panel was examining “the administration’s plans for enforcing US export control laws” and legislative options “t…
Washington, Feb 24 (IANS) The US on Tuesday signalled a sharp escalation in export control enforcement, warning that companies and individuals violating dual-use technology restrictions would face tougher penalties and increased scrutiny. Testifying before the House Committee on Foreign Affairs’ South and Central Asia Subcommittee, David Peters, Assistant Secretary for Export Enforcement at the Bureau of Industry and Security (BIS), said the risks to American technology had “never been highe…