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Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China. "If we didn’t already have a plant in China, we sure wouldn’t start one now," he said. The latest example of that hit Tuesday, when the Biden administration said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others.
The U.S. Commodity Futures Trading Commission's top cop on Tuesday said he wants to dispel this myth that the agency goes easy on wrongdoers, detailing new policies aimed at hiking the potential costs... -October 17, 2023 - MarketScreener
By Paritosh Bansal (Reuters) - Things were looking up for Tractiv in January, when the data tracking software startup was on the cusp of a deal with M...
The Biden administration is considering closing a loophole that gives Chinese companies access to American artificial intelligence (AI) chips through units located overseas, according to four people familiar with the matter. The United States last year shook relations with Beijing when it unveiled new restrictions on shipments of AI chips and chipmaking tools to China, seeking to thwart its military advances. In the initial round of curbs, the Biden administration left overseas subsidiaries of Chinese companies with unfettered access to the same semiconductors, meaning they could easily be s...
By David French NEW YORK (Reuters) -Senior management at Pioneer Natural Resources will likely be out of a job once the company's $60 billion sale to Exxon ...