China

Speaking at the Code Conference in Los Angeles, Snap CEO Evan Spiegel gave his thoughts on how China-owned TikTok has dominated the online video market in such a short space of time. Spiegel explained how Communist China has overpowered social media through seemingly unlimited spending, saying: “What nobody had anticipated in the United States was the level of investment that ByteDance made into the U.S. market, and of course in Europe, because it was just something that was unimaginable — no startup could afford to invest billions and billions and billions of dollars in user acquisition like that around the world.” Forbes reports that speaking at the Code Conference in Los Angeles, Snap CEO Evan Spiegel discussed the rise of the Chinese-owned app TikTok and its domination of the online short-form video content space. Scott Galloway, co-host of the Pivot podcast and a marketing professor at NYU Stern, said to Spiegel: “It just feels like they are kicking the shit out of … [Read more...] about Snap CEO: TikTok’s Success Due to ‘Billions And Billions of Dollars’ Spent by Communist China

Even as China bars 1.4 billion citizens from Twitter , its local authorities are splurging on global advertising on the site, helping make the country the platform's fastest-growing overseas ad market and one of its largest non-US revenue sources. Budget documents and promoted tweets from 2020 to 2022 shows local authorities and Chinese Communist Party propaganda offices for cities, provinces and even districts across the country have flocked to Twitter to buy ads. The promotions, often outsourced by local governments to state media, pitched local attractions, as well as cultural and economic achievements, to an international audience, and were permitted under an exemption to Twitter's ban on state-media advertising. Read Also After claims from whistleblower, Elon Musk sends new letter to cancel the Twitter deal The review shows for the first time just how important China has become for Twitter, under pressure from investors to meet growth … [Read more...] about twitter: Here’s how China turned into a major market for Twitter

The Biden administration plans next month to broaden curbs on US shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three US. companies -- KLA Corp, Lam Research Corp and Applied Materials Inc, the people said, speaking on the condition of anonymity. The plan for new rules has not been previously reported. Read Also Intel starts work on $20 billion semiconductor plant The letters, which the companies publicly acknowledged, forbade them from exporting chipmaking equipment to Chinese factories that produce advanced semiconductors with sub-14 nanometer processes unless the sellers obtain Commerce Department licenses. The rules would also codify restrictions in Commerce Department letters sent to Nvidia Corp and Advanced Micro … [Read more...] about china: Joe Biden to hit China with broader curbs on US chip and tool exports, claims sources

Cutting corners: Washington is preparing new rules to ban exports of advanced chipmaking devices to China, a move that could, however, be too little too late as Asian manufacturing companies are already engaged in making sub-14nm semiconductors on their own. The Biden administration is preparing new, harsher restrictions against the chipmaking industry in China. After a series of so-called "is informed" letters sent earlier this year to a few US companies, the Commerce Department now plans to turn these individual letters into a broader message to China: we won't let you exploit our superior computer technology and know-how for your own gain. The letters were sent to KLA Corp, Lam Research Corp and Applied Materials Inc., and they were later confirmed to be authentic. The US Department of Commerce ordered the three companies to stop the export of chipmaking machines and equipment needed to make semiconductor components with sub-14 nanometer processes to China. Only sellers that … [Read more...] about The US government is strengthening China export bans on chipmaking devices

The new film My Son Hunter includes a scene in which the fictionalized Hunter Biden proudly boasts of the million-dollar deals he made with Chinese businessmen, only to appear momentarily chagrined when reminded that Beijing was committing genocide while Hunter and his partners were happily raking in Chinese cash. The scene briskly dramatizes Hunter going into business with Ye Jianming, once a high-flying Chinese oil tycoon and youthful “princeling” of the Chinese Communist Party, who came to a mysterious and probably very unhappy end after he became an embarrassment to the regime in Beijing. In the movie, as apparently in life, Hunter seemed untroubled by Ye’s links to the People’s Liberation Army (PLA) and Chinese intelligence. The Biden scion became part of Ye’s lavishly-funded effort to develop influential connections in the United States, as extensively chronicled in Peter Schweizer’s bestselling book Red-Handed: How American Elites Get Rich … [Read more...] about ‘My Son Hunter’ Highlights How Bidens Ignored Uyghur Genocide to Get Rich in China

ROME — Pope Francis has rejected the label “undemocratic” to describe China’s communist regime, insisting that the issue is too complex to allow for such characterizations. “I cannot get on board with calling China undemocratic; I won’t do that because it’s such a complex country,” the pontiff told journalists during his return trip from Kazakhstan to Rome Thursday. “Sure, there are things that seem undemocratic to us, that is true.” “Labeling is difficult and I’m not ready to do that, since they are impressions, so instead I try to support the path of dialogue,” he declared. “Understanding China takes a century, and we do not live for a century,” the pope said. “The Chinese mentality is a rich mentality, and when it gets a little sick, it loses its richness; it is capable of making mistakes.” “In order to understand we have chosen the path of dialogue, open to dialogue,” he added. Francis said that “the bilateral Vatican-Chinese commission is going well, slowly, because … [Read more...] about Pope Francis: Not Fair to Call China ‘Undemocratic’

The big picture: China led the global industrial automation push last year, installing nearly as many heavy-duty robots in its factories as the rest of the world combined. Recent automation efforts are not as much about leading the way as they are about playing catch up. Until recently, the nation has lagged behind other power players like Japan, Germany, South Korea and the US in terms of robots on production lines. Data from the International Federation of Robotics viewed by The Wall Street Journal revealed that shipments of industrial-grade robots in China increased 45 percent year over year to more than 243,000 units. According to the publication, that represents just under half of all industrial robots installed last year and bolsters the country's status as the leading market for robot manufacturers. The recent push could also be in response to China's aging workforce, slowing birth rates and wage increases. Because the country can no longer rely on its workforce to drive … [Read more...] about China accelerates industrial automation as workforce contracts

China’s state-run newspaper Global Times on Sunday condemned British critics of the Communist Party — and, in particular, its crimes against humanity, human rights atrocities in the formerly British Hong Kong, and ongoing genocide of Turkic people in East Turkistan — as being “disrespectful” to Queen Elizabeth II by standing up for human rights. A wave of condemnation of Beijing emerged last week in the United Kingdom in anticipation of the Queen’s funeral, which took place across London and Windsor, England, on Monday. The British government extended invites to the heads of state of nearly every country on earth, including China and omitting only a small list of similarly brutal human rights abuses, such as Russia, Syria, Burma, and Belarus. Some countries – such as Iran, Venezuela, and Nicaragua – received “ambassadorial” invites, meaning their respective dictators could not attend but a designated ambassador could represent the country at the event. Several British … [Read more...] about China: British Critics of Communism ‘Extremely Disrespectful’ to Queen Elizabeth

High-profile universities and state-run research institutes in China have been relying on a US computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington has now restricted, a Reuters review showed. US chip designer Nvidia Corp last week said US government officials have ordered it to stop exporting its A100 and H100 chips to China. Local peer Advanced Micro Devices Inc (AMD) also said new licence requirements now prevent export to China of its advanced AI chip MI250. Read Also US officials order Nvidia to halt sales of top AI chips to China The development signalled a major escalation of a US campaign to stymie China's technological capability as tension bubbles over the fate of Taiwan, where chips for Nvidia and almost every other major chip firm are manufactured. China views Taiwan as a rogue province and has not ruled out force to bring the democratically governed island under its … [Read more...] about china: This is likely why US banned AI chips to China

Chip designer Nvidia Corp said that US officials told it to stop exporting two top computing chips for artificial intelligence work to China , a move that could cripple Chinese firms' ability to carry out advanced work like image recognition and hamper Nvidia's business in China. Nvidia shares fell 6.6% after hours. The company said the ban, which affects its A100 and H100 chips designed to speed up machine learning tasks, could interfere with completion of developing the H100, the flagship chip Nvidia announced this year. Read Also Nvidia forecasts sharp drop in third-quarter sales as games drag Shares of Nvidia rival Advanced Micro Devices Inc fell 3.7% after hours. An AMD spokesman told Reuters the company had received new license requirements that will stop its MI250 artificial intelligence chips from being exported to China but it believes its MI100 chips will not be affected. AMD said it does not believe the new rules will have a material … [Read more...] about nvidia: US officials order Nvidia to halt sales of top AI chips to China