Washington, June 12 (IANS) US lawmakers from both parties warned that America risks losing its technological edge to China unless it strengthens safeguards around artificial intelligence, as a Senate hearing highlighted growing concerns over national security, jobs and the rapid expansion of AI.At a Senate Banking Committee hearing on artificial intelligence, Chairman Tim Scott said the United States must ensure that AI strengthens the economy while preventing rivals such as China from gaining a…
Latest American companies News & Updates
Washington, June 5, (IANS) US Treasury Secretary Scott Bessent on Thursday vigorously defended President Donald Trump’s economic agenda during a contentious House Ways and Means Committee hearing, rejecting Democratic criticism over inflation, tariffs and the administration’s handling of the economy. Appearing before the committee to discuss the administration’s 2027 budget, Bessent argued that Trump’s tax, trade and deregulation policies were delivering benefits to working Americans, while Demo…
Washington, April 30 (IANS) Two key US House committees announced that they have launched an investigation into national security risks linked to American companies using Chinese-developed artificial intelligence models, citing concerns over data exposure, censorship and supply chain vulnerabilities. The probe, announced by House Select Committee on China Chairman John Moolenaar and House Homeland Security Committee Chairman Andrew Garbarino on Wednesday (local time), focuses on companies includ…
Brussels, Jan 2 (IANS) The Chinese Communist Party’s (CCP) infiltration campaign across the West is no longer a distant threat but a present reality, marked by deceptive tactics ranging from covert espionage to embedded vulnerabilities, prompting calls for a coordinated Western response, a report said on Friday. It added that the CCP’s deception rests on a dual narrative–presenting itself as a responsible global partner while embedding vulnerabilities, influencing financial flows, and leverag…
Washington, Dec 23 (IANS) American companies operating in Bangladesh continue to take a long-term view of the country’s economic prospects, even as it approaches national elections, Atul Keshap said in his capacity as President of the US-Bangladesh Business Council. “Bangladesh is going into an election in the next couple of months, and we wish them well with that,” Keshap said, stressing that the process was “a matter for the people of Bangladesh to decide.”Speaking on behalf of Ameri…