The new head of the Federal Trade Commission (FTC) wants to review how the consumer protection and antitrust agency polices companies like major tech platforms, promising “vigorous enforcement” of Silicon Valley. Joseph Simons, who was sworn in as FTC chairman last month, on Wednesday announced that he would convene a series of public hearings later this year to examine whether changes in the economy prompted by the rise of tech giants might necessitate changes in how regulators carry out enforcement.
When Google’s AlphaGo defeated the Chinese grandmaster at a game of Go in 2017, China was confronted with its own “Sputnik moment”: a prompt to up its game on the development of artifical intelligence (AI). Sure enough, Beijing is pursuing launch a national-level AI innovation agenda for “civil-military fusion”.
"Apple is most exposed," Neil Campling, co-head of global thematic group at Mirabaud Securities, told CNBC by phone Tuesday. Drilling into the numbers you can see why. In its last fiscal year, Apple generated nearly 20 percent of its revenues from Greater China, which equated to $44.7 billion. In 2017, it shipped over 41 million iPhones into China and was the fifth-largest player in the market, according to data from IDC. On top of that, it has around 40 stores in China.
“In the technology space, China has this thing called China 2025. It’s basically a blueprint to take over and dominate the emerging technology industries of the future - things like artificial intelligence, robotics, high-tech shipping, aerospace,” he explained. “The president has said, correctly, these are the industries of the future. If we don’t have them, America doesn’t have a future,” he warned. Navarro outlined four tactics China uses to dominate these industries.
As the world's largest economies threaten tit-for-tat tariffs, White House trade advisor Peter Navarro tore into Chinese trade practices aimed at stealing American companies' intellectual property. U.S. officials have long complained that intellectual property theft has cost the economy billions of dollars in revenue and thousands of jobs.
As society has progressed, many of us have swapped physical interaction for online interaction and daylight for artificially emitted blue light – including our children. We’re seeing toddlers with faces glued to smartphones and tablets, and as kids reach school age, they’re often encouraged to spend time on iPads and other devices to do schoolwork. But what does this mean? What are the potential side effects? How much screen time is too much?
"Qualcomm is selectively asserting its patents to target only Apple products containing Intel chipsets -- even though its patent infringement allegations would apply equally to Apple products containing Qualcomm chipsets -- in an attempt to use the ITC as another mechanism for perpetuating its ill-gotten monopoly position," Apple wrote.
President Trump on Friday announced that the United States would impose tariffs on $50 billion in Chinese products, making good on a threat that has been months in the making. The White House's move is expected to ramp up trade tensions with Beijing and possibly risk a key cooperative partnership to help denuclearize the Korean peninsula.
Lawmakers at a hearing Wednesday grabbled with how to prepare the nation's infrastructure for the coming wave of self-driving vehicles. The Senate Committee on Environment and Public Works heard from transportation experts on the work to be done to improve both roads, broadband as well as the safety technology behind autonomous cars.
The rapid proliferation of military drone technology is reaching the point that other nations -- and even non-state actors such as Mexican drug cartels -- could engage in the kinds of deadly strikes that the U.S. pioneered more than a decade ago and has increased under presidents of both political parties.