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China Defends Ban On US Chipmaker Micron in 2023

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BEIJING, China – The Chinese government defended its restriction on using components from US memory chipmaker Micron Technology Inc. in some computer systems on Wednesday after Washington raised concern, escalating tensions over technology and security.

The security examination of Micron products was “conducted in accordance with the law,” according to Mao Ning, a foreign ministry official.

On Sunday, the Chinese Cyberspace Administration stated that Micron goods pose unspecified security threats but provided no further details. It barred them from using computers that handled sensitive data.

This came after the United States, Japan, and the Netherlands barred China’s access to advanced processor chip technology on security grounds, at a time when the governing Communist Party is threatening to attack Taiwan and is becoming more belligerent towards its Asian neighbors.

China’s cybersecurity review does not target any specific countries or regions,” Mao explained. “We do not exclude technologies and products from any country.”

Supply disruptions and missed sales revenue have harmed businesses on both sides.

Washington and its allies’ restrictions on access to chips and methods for making them deter China’s ambitions to create its semiconductor sector. Potential sales to Chinese smartphone makers, chip foundries, and other clients have cost US vendors billions.

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The Chinese government defended its restriction on using components from US memory chipmaker Micron Technology Inc.

Mao said the US had put security limitations on over 1,200 Chinese enterprises “without any factual basis.” She accused Washington of exploiting national security to “unreasonably suppress Chinese companies.”

“This is economic coercion, and it is unacceptable,” Mao declared.

According to State Department spokeswoman Matthew Miller, the US administration is “engaging directly” with Beijing to “make our view clear” on the Micron embargo.

“We have very serious concerns,” Miller added. He stated of China, “This action appears inconsistent with the PRC’s assertions that it is open for business and committed to a transparent regulatory framework.”

According to Micron’s chief financial officer, Mark Murphy, the company would work with the Chinese authorities to assess the ban’s impact.

“We remain unclear as to what security concerns exist,” Murphy said during a JP Morgan technology industry conference call. “We have received no customer complaints about the security of our products.”

According to Murphy, Micron expects to lose sales similar to a single-digit percentage of total revenue, but the exact figure will depend on which customers and products are affected.

The Chinese government defended its restriction on using components from US memory chipmaker Micron Technology Inc.

Foreign Minister Qin Gang urged his Dutch counterpart on Tuesday for access to chipmaking technology that has been restricted for security reasons.

China requires a machine that uses ultraviolet light to etch minuscule circuits on next-generation chips and is only available from one Dutch manufacturer, ASML Holding NV. Without it, the ruling party’s aspirations to build semiconductors for cellphones, artificial intelligence, and other cutting-edge applications will be hampered.

“China has serious concerns about this,” Qin said. “We should work together to jointly protect the normal trade order between us” and “keep global industrial and supply chains stable.”

Wopke Hoekstra, the Dutch minister, stated that he “shared our national security concerns” but provided no indication that his government’s position had altered.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

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SAN FRANCISCO  — Due to its dominance in chipmaking, which has made it a symbol of the artificial intelligence boom, Nvidia on Wednesday far exceeded Wall Street expectations for profit.

Net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in the first quarter that ended April 28 from $2.04 billion a year earlier. Revenue more than tripled, rising to $26.04 billion from $7.19 billion in the previous year.

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Nividia | AP News Image

Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

“The next industrial revolution has begun,” CEO Jensen Huang declared on a conference call with analysts. Huang predicted that the companies snapping up Nvidia chips will use them to build a new type of data center he called “AI factories” designed to produce “a new commodity—artificial intelligence.”

Huang added that training AI models is becoming faster as they learn to become “multimodal”—that is, capable of understanding text, speech, images, video and 3-D data—and also “to reason and plan.”

According to FactSet, the company reported earnings per share—adjusted to exclude one-time items—of $6.12, well above the $5.60 that Wall Street analysts had expected. It also announced a 10-for-1 stock split, which it noted would make its shares more accessible to employees and investors.

And it increased its dividend to 10 cents a share from 4 cents.

Shares in Nvidia Corp. rose 6% in after-hours trading to $1,006.89. The stock has risen more than 200% in the past year.

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Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

The company, based in Santa Clara, California, carved out an early lead in the hardware and software needed to tailor its technology to AI applications, partly because founder and CEO Jensen Huang began to nudge the company into what was then seen as a still half-baked technology more than a decade ago. It also makes chips for gaming and cars.

The company now boasts Wall Street’s third-highest market value, behind only Microsoft and Apple.

“Nvidia defies gravity again,” Jacob Bourne, an analyst with Emarketer, said of the quarterly report. While many tech companies are eager to reduce their dependence on Nvidia, which has achieved hardware dominance in AI rivaling that of earlier computing pioneers such as Intel Corp., “they’re not quite there yet,” he added.

Demand for generative AI systems that can compose documents, make images and serve as increasingly lifelike personal assistants has fueled astronomical sales of Nvidia’s specialized AI chips over the past year. Tech giants Amazon, Google, Meta, and Microsoft have all signaled that they will need to spend more on the chips and data centers needed to train and operate their AI systems in the coming months.

What happens after that could be another matter. Some analysts believe the breakneck race to build those huge data centers will eventually peak, potentially spelling trouble for Nvidia in the aftermath.

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Nvidia | AP News Image

Nvidia’s Profit Soars, Underscoring Its Dominance In Chips For Artificial Intelligence

“The biggest question that remains is how long this runway is,” Third Bridge analyst Lucas Keh wrote in a research note. He noted that AI workloads in the cloud will eventually shift from training to inference or the more everyday task of processing fresh data using already trained AI systems. And inference doesn’t require the level of power provided by Nvidia’s expensive top-of-the-line chips, which will open up market opportunities for chipmakers offering less powerful, but also less costly, alternatives.

When that happens, Keh wrote, “Nvidia’s dominant market share position will be tested.”

SOURCE – (AP)

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Jason Aldean Will Honor Toby Keith With A Performance At The 2024 ACM Awards

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The time has arrived to lift the red Solo cup. Jason Aldean will honor the late Toby Keith at the 2024 Academy of Country Music Awards.

The 59th ACM Awards, hosted by Reba McEntire, will be held Thursday at the Ford Center at The Star in Frisco, Texas, just north of Dallas.

Keith has won 14 ACM Awards in his career, including the title of Entertainer of the Year twice. He died in February at the age of 62 after being diagnosed with stomach cancer.

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Jason Aldean Will Honor Toby Keith With A Performance At The 2024 ACM Awards

“I’ve been a fan of his since the beginning, and his songs are some of the first songs I played back in clubs early in my career, including the one I’ll be performing on the show,” Aldean stated. “I was fortunate to share the stage with Toby in Oklahoma last year, and it means a lot to commemorate him and properly appreciate his great career and legacy. He was one of a kind.

ACM CEO Damon Whiteside said it made sense for Aldean, the most recent artist of the decade, to honor Keith.

“The popularity, influence, and love for Toby Keith has been infinite since his passing earlier this year,” Whiteside said, adding that the academy was looking forward to meeting Keith’s family.Luke Combs leads the 2024 nominees with eight nods. For the fifth year in a row, he is nominated for both Male Artist and Entertainer of the Year.

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Jason Aldean Will Honor Toby Keith With A Performance At The 2024 ACM Awards

Megan Moroney and Morgan Wallen are next with six each, followed by Cody Johnson, Chris Stapleton, and Lainey Wilson, who all have five.

Kane Brown, Jelly Roll, Cody Johnson, Miranda Lambert, Thomas Rhett, Post Malone, Parker McCollum, McEntire, Wilson, and Stapleton will all perform during the telecast. Fans can also expect unusual collaborations, such as Kelsea Ballerini and Noah Kahan, Blake Shelton and Gwen Stefani, and Nate Smith and Avril Lavigne.

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PixaBay – VOR News Image

Jason Aldean Will Honor Toby Keith With A Performance At The 2024 ACM Awards

Among the presenters are Alabama, BRELAND, Carin León, Little Big Town, and Randy Travis.

At 8 p.m. Eastern, the awards will be broadcast on Twitch Live via Prime Video and the Amazon Music channel. The red carpet feed starts at 7 p.m.

SOURCE – (AP)

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Cisco Systems Joins Microsoft, IBM In Vatican Pledge To Ensure Ethical Use And Development Of AI

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ROME  — Cisco Systems, a prominent technology company, has recently joined Microsoft and IBM in endorsing a pledge initiated by the Vatican. This pledge aims to guarantee the ethical development and utilization of artificial intelligence for the betterment of society.

The Vatican said that Chuck Robbins, the CEO of Cisco Systems, had signed the Rome Call document and privately met with Pope Francis.

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Cisco Systems Joins Microsoft, IBM In Vatican Pledge To Ensure Ethical Use And Development Of AI

The promise delineates fundamental principles for the ethical and conscientious utilization of AI. The statement underscores the importance of designing, utilizing, and overseeing AI systems in a manner that prioritizes and safeguards the dignity of all individuals without any form of discrimination and their surroundings. The document emphasizes the importance of transparency, inclusivity, responsibility, impartiality, and security in guiding all AI advancements.

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Cisco Systems Joins Microsoft, IBM In Vatican Pledge To Ensure Ethical Use And Development Of AI

The document was revealed and officially endorsed during a Vatican meeting on February 28, 2020, shortly before Italy implemented strict measures due to the COVID-19 epidemic. The document’s signatories were Brad Smith from Microsoft and John Kelly III from IBM. Universities, United Nations agencies, private enterprises, and nongovernmental organizations have also agreed to participate.

Francis has advocated for an international agreement to guarantee AI’s ethical development and utilization, dedicating his yearly peace message to this subject.

Archbishop Vincenzo Paglia, the president of the Pontifical Academy for Life, who is spearheading the AI program, approved of Cisco’s involvement. He mentioned the IT company’s proficiency in “infrastructure, security, and safeguarding of AI data and systems.”

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Cisco Systems Joins Microsoft, IBM In Vatican Pledge To Ensure Ethical Use And Development Of AI

The global spotlight has been directed towards artificial intelligence due to the remarkable progress made by state-of-the-art systems such as OpenAI’s ChatGPT. These systems have impressed users with their capacity to generate text, photographs, and melodies that closely resemble human creations. However, the advancement of technology has also sparked concerns regarding the potential hazards it presents to employment, privacy, copyright infringement, and even human existence.

SOURCE – (AP)

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