The U.S. Department of Commerce has announced its support for establishing an international network of artificial intelligence safety institutes to enable global cooperation in ensuring that the technology is used responsibly. Commerce Secretary Gina Raimondo, who made the announcement at the AI Seoul Summit, noted that such a network will mark a new phase in...
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Report: China to Raise $41B Fund to Develop Advanced Chips
The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is planning to launch its third investment initiative supporting the country’s development of advanced semiconductors. People familiar with the matter told Reuters that China’s state-owned fund aims to generate investments worth $41 billion, a significant increase compared to the previous funds worth...
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Nokia Network Products Pass Buy America Rules, June Deliveries Seen
Finnish technology company Nokia announced that its U.S.-made fiber optic broadband network electronics and optical modules have passed the final Department of Commerce Buy America guidelines. The company said on Friday that compliance with the guidelines developed by the department’s National Telecommunications Information and Administration will enable full Nokia support to U.S. states’ launch of...