Connect with us

Hi, what are you looking for?

Investing

Top Republican moves to restrict AI exports amid concerns over Chinese tech

A top House Republican is moving to make it harder for China to procure advanced U.S. technology amid longstanding concerns about intellectual property theft by Beijing.

‘My proposed legislation will establish safeguards to prevent future shocks like China’s development of DeepSeek using American technology. In addition to the chips China reportedly stockpiled, it appears China used chips under the current export control threshold to achieve this AI breakthrough,’ House Homeland Security Committee Chairman Mark Green, R-Tenn., told Fox News Digital.

‘This scenario should be a wakeup call — if you give the CCP an inch, it will take a mile. The CCP’s craftiness is coupled with a total disregard for legal and security considerations. We already know that the CCP uses technology to oppress its own citizens and to commit acts of espionage and sabotage against the United States, including major cyberattacks.’

DeepSeek is an artificial intelligence (AI) software company based in Hangzhou, China. Its AI chatbot is known to be similar to ChatGPT, which was made by California-based OpenAI.

DeepSeek’s release of the new high-profile AI model that costs less to run than existing models like those of Meta and OpenAI sent a chill through U.S. markets.

Its popularity in U.S. app stores has also renewed concerns about Chinese companies collecting American data, as well as the Chinese Communist Party’s (CCP) censorship practices.

The surprise DeepSeek release also displayed how China’s economic competitiveness has far outpaced the ability of U.S. business leaders and lawmakers to agree on what to do about it. 

The U.S. Commerce Department is now looking into whether DeepSeek used chips that were banned from entering China via sanctions, Reuters reported. 

Green’s bill would put export controls on certain national interest technology and intellectual property to China.

It would also call for sanctions against foreign actors who sell or purchase such items to and from China, as well as Chinese entities who knowingly use items covered by the export controls.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    World biggest companies

    You May Also Like

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    Israel carried out limited strikes in Iran early Friday in retaliation for Tehran firing a barrage of missiles and drones at Israel last Saturday....

    Economy

    Top 15 Richest Self-made Men from 2000 to 2023 Welcome to our video showcasing the wealth evolution of the top 15 richest self-made men...

    Latest News

    At least 21 people were killed, including two children, when a passenger bus plunged from a bridge in Mestre, Italy, near Venice on Tuesday,...

    Disclaimer: Tradetalkslive.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 tradetalkslive.com