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Hawley urges DOJ probe of Chinese trucking company

FOX News

Sen. Josh Hawley, R-Mo., commends President Donald Trump tearing into America's nation builders in the Middle East and weighs in on a Wisconsin judge being indicted for hiding an illegal immigrant from ICE on'The Ingraham Angle.' FIRST ON FOX – Sen. Josh Hawley, R-Mo., asked the Justice Department on Thursday to investigate a Chinese-owned self-driving trucking company, one of the largest in the U.S., citing allegations that it had shared proprietary data and other sensitive technology with state-linked entities in Beijing. The letter, sent to U.S. Attorney General Pam Bondi and previewed exclusively to Fox News Digital, asks the Justice Department to open a formal investigation into the autonomous truck company TuSimple Holdings, a Chinese-owned company and one of the largest self-driving truck companies in the U.S. In it, Hawley cites recent reporting from the Wall Street Journal that alleges that TuSimple "systematically shared proprietary data, source code, and autonomous driving technologies" with Chinese state-linked entities-- what he described as "blatant disregard" of the 2022 national security agreement with the Committee on Foreign Investment in the United States, or CFIUS. "These reports also revealed communications from TuSimple personnel inside China requesting the shipment of sensitive Nvidia AI chips and detailed records showing'deep and longstanding ties' with Chinese military-affiliated manufacturers," Hawley said. Sen. Josh Hawley, R-Mo., wants the Justice Department to investigate TuSimple Holdings, a Chinese-owned self-driving trucking company. He noted that to date, TuSimple "has not faced serious consequences" for sharing American intellectual property with China, despite having continued to share data with China after signing a national security agreement with the U.S. government in 2022, which was enforced by the Committee on Foreign Investment in the U.S. "If the reports about TuSimple are accurate, they represent not just a violation of export law, but a breach of national trust and a direct threat to American technological leadership," Hawley said.


A Big Data Approach to Understand Sub-national Determinants of FDI in Africa

Colladon, A. Fronzetti, Vestrelli, R., Bait, S., Schiraldi, M. M.

arXiv.org Artificial Intelligence

Various macroeconomic and institutional factors hinder FDI inflows, including corruption, trade openness, access to finance, and political instability. Existing research mostly focuses on country-level data, with limited exploration of firm-level data, especially in developing countries. Recognizing this gap, recent calls for research emphasize the need for qualitative data analysis to delve into FDI determinants, particularly at the regional level. This paper proposes a novel methodology, based on text mining and social network analysis, to get information from more than 167,000 online news articles to quantify regional-level (sub-national) attributes affecting FDI ownership in African companies. Our analysis extends information on obstacles to industrial development as mapped by the World Bank Enterprise Surveys. Findings suggest that regional (sub-national) structural and institutional characteristics can play an important role in determining foreign ownership.


Netanyahu talks to Elon Musk in California about anti-Semitism on X

Al Jazeera

Prime Minister Benjamin Netanyahu is starting a US trip in California to talk about technology and artificial intelligence with billionaire businessman Elon Musk. The Israeli leader posted Monday on Musk's social media platform X, formerly known as Twitter, that he plans to talk with the Tesla CEO "about how we can harness the opportunities and mitigate the risks of AI for the good of civilization." Netanyahu's high-profile visit to the San Francisco Bay Area comes at a time when Musk is facing accusations of tolerating anti-Semitic messages on his social media platform, while Netanyahu is confronting political opposition at home and abroad. Protesters gathered early Monday outside the Fremont, California factory where Tesla makes its cars. The video livestream kicked off shortly before 9:30am with Netanyahu and the Tesla CEO.


25 Most Technologically Advanced Countries in the World in 2022

#artificialintelligence

In this article, we will be taking a look at the 25 most technologically advanced countries in the world in 2022. To skip our detailed analysis, you can go directly to see the 10 Most Technologically Advanced Countries in the World in 2022. Technology has improved all aspects of the human life and raised standards of living across the world. From household appliances allowing us to be more efficient in taking care of our homes, to the internet allowing us to access the world's data from the comfort of our homes, technology is intrinsic to human development. The world today is absolutely unrecognizable compared to just a decade ago, with major leaps in technologies whose scope and potential benefits cannot even be quantified right now.


AI Technology Is in the Crosshairs of National Security Restrictions -- Wiley Connect

#artificialintelligence

This article is authored by Duane Pozza, Megan Brown, and Rick Sofield. The U.S. government is increasingly focused on competition between the United States and China in the development of artificial intelligence (AI), as a national security issue. The Administration has oriented its approach to AI to position the U.S. as a leader in AI development and standards, explicitly stating that it is working with its allies in opposition to China. Given the Administration's aggressive stance on trade restrictions with China in a variety of areas, one question facing industry is how AI technology will be regulated by the U.S. government. A recent report by the congressionally formed National Security Commission on Artificial Intelligence (NSCAI) provides some insights on how the Administration – and in particular the U.S. Department of Commerce – might approach AI technology protection.


Indonesia turns to AI to shrink the bloated civil service

#artificialintelligence

Indonesia's infamous red tape has been a persistent barrier to foreign investment into the country. Jokowi is embracing artificial intelligence (AI) as a potential solution. In a bid to cut red tape and strengthen the flow of foreign investment into Indonesia, President Joko Widodo, affectionately known as Jokowi, has ordered its government agencies to flatten the civil service from four tiers to two and adopt artificial intelligence (AI) to replace jobs where possible. The move is part of the president's strategy to push for investment and bureaucratic reform. Jokowi, whose second five-year term began in October, has found gross domestic product (GDP) growth stubborn, hovering around 5% since he took office.


Dubai is world's top city for foreign investments in artificial intelligence, robotics

#artificialintelligence

According to the law published in the Official Gazette, a foreign direct investment unit is to be established in the Ministry of Economy. This will be "responsible for proposing foreign direct investment policies in the country and determining its priorities, and setting up associated plans and programmes, and work on their implementation following their approval by the UAE cabinet."

  Country: Asia > Middle East > UAE > Dubai Emirate > Dubai (0.40)
  Industry:

In AI, U.S. Economic Statecraft Must Fire on all Cylinders

#artificialintelligence

On August 13, 2018, President Trump signed the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The law's intent is to stop China's acquisition of critical technologies -- the'crown jewels' of U.S. global power. FIRRMA expands the powers of the Committee on Foreign Investment in the United States (CFIUS) to review the national security implications of foreign investments. The CFIUS reform bill subjects more transactions to review and mandates that foreign investments in critical technologies are reported to the committee. Championed initially as a strong response to China's technology transfer strategy, FIRRMA's passage, coupled with ongoing trade and IP tensions, caused Chinese investments into U.S. technology firms to decline by 79% in 2018.


Foreign Investment Bill Targeting China Heads For Senate Panel Vote

International Business Times

WASHINGTON - A bill aimed at tightening oversight of foreign investment in the United States because of concern about China's acquisition of critical technology is headed for a vote this month in the U.S. Senate Banking Committee, the panel said on Friday. The committee also released draft proposals that will be voted on to amend the bill, which was introduced last November by Senator John Cornyn. Proposed changes to the measure appear aimed largely at blunting opposition from high tech companies and investment firms, which had worried that even innocuous transactions would be subject to extended reviews by the Committee on Foreign Investment in the United States, or CFIUS. CFIUS is an inter-agency panel led by the Treasury Department that assesses potential foreign investment to ensure it does not harm national security. The bill in the Senate, and a companion measure in the U.S. House of Representatives, would broaden CFIUS' reach in hopes of reining in China's acquisition of U.S. high tech knowledge even as China has sought to focus on production of higher-value goods, like robots, computers and telecommunications equipment.


China and the CIA Are Competing to Fund Silicon Valley's AI Startups

#artificialintelligence

A trio of new investments in Silicon Valley machine-learning startups shows that the U.S. intelligence community is deeply interested in artificial intelligence. But China is investing even more in these kinds of U.S. companies, and that has experts and intelligence officials worried. Founded to foster new technology for spies, the 17-year-old In-Q-Tel has also helped boost commercial products. Compared to a venture capitalist firm whose early-stage investments are intended to make some money and get out, the nonprofit's angle is longer term, less venture, more strategic, according to Charlie Greenbacker, In-Q-Tel's technical product leader in artificial intelligence, machine learning, natural language processing, analytics, and data science. "Our model is to put a little bit of pressure at the right spot to influence a company to make sure it develops things that are useful to our customers," said Greenbacker, who estimated that their investments in a given startup generally amount to about one of every 15 dollars the company has.