China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic…
Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. T…
Ford and Geely announced a manufacturing joint venture on Thursday that will produce electric vehicles at Ford’s plant in Valencia, Spain. Ford will own 66% of the venture, Geely 34%. Pending regulatory approvals, operations begin in the first half of …
The email was not meant to be public. Writing to a small-business owner on Staten Island, a researcher for the Senate Small Business Committee said Republican staff had been probing “Amazon negligence related to Chinese influence and have found compell…
The gap between American and Chinese AI is closing fast. Chinese models narrowed the performance shortfall to a record-low 6% in June, down from 9% in May, according to Bloomberg Intelligence. The research arm said the shift raises real questions about…
The model that rattled Silicon Valley last week now has Washington’s attention. A senior White House official has accused China’s Moonshot AI of breaking US export controls to build Kimi K3. It reached restricted Nvidia chips, he said, and leaned on Am…
Server processors were meant to be the boring corner of the AI boom. The exotic money went to graphics accelerators, while the central processing units sitting beside them were treated as a solved problem, cheap, plentiful, and interchangeable. That as…
In a massive deployment of self-driving trucks that makes most autonomous and electric vehicle deployments look tiny in comparison, Chinese heavy equipment brand Tonly just signed a deal to deliver 800 autonomous, “New Energy” mining trucks to Xinjiang…
China’s Moonshot AI is raising money at a pace that would make most startups dizzy. The lab should close a round that values it at $31.5 billion in the coming days, Bloomberg reported. It then plans to open another almost immediately, targeting a valua…
On Tuesday, Treasury Secretary Scott Bessent went on television with a warning for China. On the same day, the chief executive of the company that powers the entire AI boom went the other way. The threat Bessent said the US will scrutinise Chinese open…