Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. The Biden administration is contemplating new export controls on chips for artificial intelligence, as Washington increases its efforts to make it harder for China to obtain technology with military applications. The US commerce department is preparing to update sweeping export controls introduced last October in ways that could make it harder for companies such as Nvidia and Advanced Micro Devices to sell advanced chips to China, according to…
Day: June 27, 2023
US considers tougher restrictions on AI chip exports to China
Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. The Biden administration is contemplating new export controls on chips for artificial intelligence, as Washington increases its efforts to make it harder for China to obtain technology with military applications. The US commerce department is preparing to update sweeping export controls introduced last October in ways that could make it harder for companies such as Nvidia and Advanced Micro Devices to sell advanced chips to China, according to…
China’s $7tn energy overhaul sparks battery ‘gold rush’
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. Chinese companies from foodmakers to tech start-ups are rushing into the country’s energy storage sector, spurred by massive state spending on President Xi Jinping’s plan to achieve energy independence. The number of Chinese enterprises registered as energy storage companies has more than doubled in the past three years to nearly 109,000, according to data from Chinese companies information provider Aiqicha. Yijing Wang, founder of…
Did Biden Make a Series of Promises to Xi?
Washington — U.S. efforts to ease tensions with China are complicated by apparent differences of opinion over what commitments each side has made to the other. Chinese officials and state media insist that U.S. President Joe Biden has made a series of promises to China’s Xi Jinping — described by Beijing as the “four no’s and one no-intention” — which ought to guide official U.S. conduct toward China. “I hope the U.S. side will … stick to the consensus President Biden and I arrived at during our meeting in Bali…
India gears up for multibillion-dollar battery subsidies
Receive free Indian business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Indian business & finance news every morning. India’s government is preparing a new multibillion-dollar subsidy scheme for companies making electricity grid batteries, according to a proposal seen by the Financial Times, as authorities try to accelerate the large coal consumer’s transition to clean energy. Prime Minister Narendra Modi has set out an ambitious target to build 500 gigawatts of renewable capacity by the end of the decade as India — among…
Alibaba’s cloud services subsidiary and Shanghai’s Fudan University establish new intelligent computing platform for AI initiatives
LLMs are deep-learning AI algorithms that can recognise, summarise, translate, predict and generate content using very large data sets. These represent the technology used to train AI chatbots like Microsoft-backed OpenAI’s ChatGPT. Fudan University president Jin Li said the academic institution hopes to build a number of world-class models using the CFFF, including models related to life sciences, material science and integrated circuits. Advertisement Cloud computing services from Alibaba and other providers enable enterprises to buy, sell, lease or distribute a range of software and other digital resources as an…
China denies compensation for Tibetans displaced by world’s largest hydro-solar plant
The Chinese government has denied compensation for residents, including Tibetan nomads, affected by the construction of the world’s largest hydro-solar plant, residents living near the plant told Radio Free Asia. Chinese state media reported Monday that the Kela mega hydro-photovoltaic complementary power station began full operation Sunday. The sprawling solar plant, which covers 16 million square meters, or more than 2,000 soccer fields, has a hydropower component that helps stabilize energy supply due to shifting weather conditions. It is capable of generating 2 billion kilowatt-hours each year, and can fully…
Cambodia’s Hun Sen orders troops to border regions to hunt down drones
Cambodian Prime Minister Hun Sen on Tuesday ordered 500 troops and 200 anti-aircraft weapons systems to four northeastern provinces to hunt down drones that allegedly violated the country’s airspace. He said aircraft are believed to be operated by “ethnic insurgents” in Vietnam, but Vietnamese authorities have denied that the drones were theirs. “We urge those countries that allow drones to use their countries to violate Cambodia to immediately halt their actions,” he said. “It is an act of terrorism against Cambodia.” Hun Sen urged calm in a pre-recorded address released…
Nikki Haley says Trump lacked ‘moral clarity’ in dealings with China’s Xi
Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. Nikki Haley, a Republican presidential contender and a former South Carolina governor, has criticised Donald Trump for being weak on China and showing “moral weakness” in his dealings with President Xi Jinping. Haley, who served as Trump’s ambassador to the UN, said the former president had been “almost singularly focused” on US-China trade relations and neglected other critical areas such as security and foreign policy. “He did not…
Karen community tries to fight off dam project by gathering data to show damage
For a full year, Singkarn Ruenhom is working with 14 others to document the potential destruction that a huge dam could wreak on the residents and rural farmland along the Yuam River. They are conducting a “people’s environmental impact assessment” to counter the findings of a 2021 study by Thailand’s Royal Irrigation Department and Naresuan University that reported only four houses in the river village of Mae Ngao, where 170 people live, will be affected by new infrastructure alone.. Local residents say the destruction from the dam – officially called…