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Sanctioned Chinese supercomputer maker seizes large language model momentum amid continuous revenue growth

Chinese supercomputer manufacturer Dawning Information Industry, also known as Sugon, has reported first-quarter revenue at CNY2.3 billion (US$332 million), an year-on-year growth of 5.39%. Net income was CNY131 million, an year-on-on year growth of 19.92%. On its investor platform, the company indicated that it has supported multiple domestically-developed large language models, including those developed by Chinese Academy of Sciences, from which Sugon span off.
United States Shanghai Stock Exchange Us Department Of Commerce Us Department Of Defense Chinese Academy Of Sciences Dawning Information Industry

Bureau of Industry and Security Extracts $300 Million Fine Against Seagate Technology for Violation of Huawei Prohibition | The Volkov Law Group

Matt Axelrod, the Assistant Secretary for Export Enforcement, at the Bureau of Industry and Security (“BIS”) of the U.S. Department of Commerce, must be grinning with satisfaction that...
United States Matt Axelrod Lewis Caroll Bureau Of Industry Us Department Of Commerce Administration Regulations

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US Commerce says Chinese cloud companies could pose threat

WASHINGTON: US Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to US security. A group of nine Republican senators on Tuesday urged the Biden administration to impose sanctions on Huawei Technologies cloud uni
United States Gina Raimondo Secretary Gina Raimondo Huawei Cloud Alibaba Cloud Huawei Technologies

US Additional Sanctions Russia, Belarus Additional Export Controls on Iran

US Dep of Commerce Export Admin Regulations additional sanctions against Russia Belarus, implement export control measures Iran Russia use Iranian Unmanned Aerial Vehicles Ukraine, Russian Belarusian oligarch Luxury Goods Sanctions Against Russia Belarus BIS means Bureau Industry Security
Us Department Of Commerce Bureau Of Industry Administration Regulations Federal Register Final Rules Export Administration Regulations

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