WASHINGTON/SHANGHAI (Reuters) - The U.S. government expanded its trade blacklist to include some of China's top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week. The decision, almost certain to draw a sharp response from Beijing, targets 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision, as well as leaders in facial recognition technology SenseTime Group Ltd and Megvii Technology Ltd. The action bars the firms from buying components from U.S. companies without U.S. government approval - a potentially crippling move. It follows the same blueprint used by Washington in its attempt to limit the influence of Huawei Technologies Co Ltd for what it says are national security reasons. U.S. officials said the action was not tied to this week's resumption of trade talks with China, but it signals no let-up in U.S. President Donald Trump's hard-line stance as the world's two biggest economies seek to end their 15-month trade war.
The telecommunications industry is a large, amorphous utility industry. By most people's standards, the industry is very slow-changing and excessively bureacratic. There is a lot of truth to this stereotype, but that is gradually changing. The growing number of telecom companies using big data is one of the biggest reasons for the turnaround. Alexander Graham Bell shouldn't get all the credit for inventing the telecommunications industry.
Commerce Secretary Wilbur Ross announced a deal with Chinese telecommunications company ZTE amid U.S.-China trade tensions. Commerce Secretary Wilbur Ross announced a deal with Chinese telecommunications company ZTE amid U.S.-China trade tensions. Commerce Secretary Wilbur Ross on Thursday announced a deal with Chinese telecommunications company ZTE that includes a $1 billion fine -- a move that may indicate progress in high-stakes trade talks between the U.S. and China. "This is a pretty strict settlement, the strictest and largest fine that has ever been brought by the Commerce Department against any violator of export controls," Ross said in an interview with CNBC. The U.S. had imposed sanctions on ZTE for illegal sales to Iran and North Korea, but the Chinese company agreed to take corrective action.