World News by Wild Rose

China’s access to artificial intelligence computing power will double next year, but US-designed chips will account for about 65 per cent of that capacity, an indication of its continued reliance on foreign hardware, according to new research. Total compute available to Chinese entities was expected to expand in 2027 from about 4.6 million to 8.8 million “H100-equivalents” – a metric benchmarked against Nvidia’s data-centre graphics processing units, according to a report by the Washington-based...

Just two weeks before the US midterm elections, Jim Himes, the top Democrat on the House Intelligence Committee, said he did not believe America would maintain its lead over China in frontier AI indefinitely, describing restrictions on advanced chips as Washington’s key leverage. “I don’t believe for one second that we’re going to maintain a lead over Chinese frontier models forever. But we should for as long as we can,” said Himes at a Brookings event in Washington. “And the one real lever we...

Booming demand from AI means supply constraints are no longer limited to summer and winter.

The US State Department announced on Monday that it was imposing sweeping sanctions under the Protecting American Intellectual Property Act (PAIPA) on five Chinese entities suspected of stealing trade secrets from American companies. The targets include Shanghai Zhisuan Technology, founded by former Google software engineer Ding Linwei, venture capital firm MiraclePlus and three related entities. Ding was convicted of seven counts of trade secret theft in January. A federal judge subsequently...

When US President Donald Trump and Chinese President Xi Jinping meet again in Shenzhen next month, and then in Miami in December, the world will watch for signs of progress on trade, technology, security and other contentious issues. Such high-level diplomacy is indispensable. But the future of the US-China relationship also depends on something less visible: whether their people, especially the young, can still understand one another. As Washington and Beijing navigate intensifying strategic...

The United States and China are in regular talks to iron out details of a framework announced last month for handling AI-related incidents and institutionalising bilateral dialogue, multiple sources told the South China Morning Post. The technical teams of the two countries aim to make AI cooperation a potential deliverable when presidents Xi Jinping and Donald Trump meet on the sidelines of the Asia-Pacific Economic Cooperation (Apec) summit in Shenzhen next month – their third face-to-face...

As calls for an AI slowdown mount, Chinese and US governments are taking different approaches to AI development. Our latest episode comes a week ahead of Presidents Trump and Xi's meeting and compares the trajectory of China's AI models against their US counterparts. In this episode of Bloomberg Tech: Asia, Shery Ahn speaks with Bloomberg Intelligence's Rob Lea and Bloomberg Economics' Michael Deng to examine the factors that enable or hinder China's AI advancement. We also hear from Phancy Group, a Chinese AI firm deeply embedded in the country's ecosystem. (Source: Bloomberg)

The Pentagon announced on Thursday a new multimillion-dollar initiative for “maintaining American leadership” in quantum computing capabilities amid accelerating competition between the US and China over the military application of advanced technology. In a press release, the Office of the Under Secretary of Defence for Research and Engineering, which serves as the US Department of Defence’s chief technology adviser, announced that the new initiative, worth around $350 million, is aimed at...

China spent decades building a dominant position across rare-earth mining, processing and magnet manufacturing, leaving the US dependent on a foreign supply chain for materials essential to everything from vehicles and wind turbines to electronics and defense systems. MP Materials is now trying to rebuild that chain domestically, moving from its Mountain Pass mine in California into refining. But catching up will take more than finding minerals: the US still faces higher costs, limited processing capacity, opaque pricing and a Chinese lead that industry experts say took roughly 25 years to build. (Source: Bloomberg)

As global adoption of the open-source RISC-V chip architecture accelerates, US intellectual property provider MIPS is collaborating with Chinese firms at an unprecedented level, according to a senior executive, highlighting how cross-border cooperation persists despite intense tech rivalry between Washington and Beijing. MIPS, which was acquired by US chipmaker GlobalFoundries last year, was driving RISC-V standardisation “very closely with China”, chief technology officer Yankin Tanurhan said...

Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Uncertainty hits the IPO pipeline as Oura delays its debut. Anthropic warns of catastrophic AI risks, Goldman weighs John Waldron as its next CEO, and Jefferies asset-management revenue plunges. Plus, Gary Gensler, Gabriela Santos and Meredith Whitney on AI risk, market euphoria and cracks in the US economy. (Source: Bloomberg)

The US president continues to push back on calls to establish guardrails around artificial intelligence, arguing it will stifle growth.

The US and China need to improve communication, work together more closely and more fully embrace technology to stem risks associated with artificial intelligence, the founder of Nvidia said on Monday. “We should recognise that we’re competitors, and competitors are still able to collaborate,” said Jensen Huang, head of the world’s most valuable company, with a market capitalisation of about US$5.5 trillion. “This is such an important and consequential technology. It has the incredible...