Speaker 1: Hey there, I'm ting and welcome to Beijing. Bites, your
Speaker 1: go to source for the latest on the US China
Speaker 1: tech war. Let's dive right in, because the past two
Speaker 1: weeks have been a whirlwind. Just a couple of weeks ago,
Speaker 1: the US Treasury Department was hit by a state sponsored
Speaker 1: cyber attack from China, targeting the Office of Foreign Assets
Speaker 1: Control and the Office of the Treasury Secretary. This isn't
Speaker 1: just any ordinary hack. It's part of Beijing's broader strategy
Speaker 1: to undermine its strategic competitors and gathers sensitive intelligence. The
Speaker 1: Chinese Communist Party CCP has been escalating its hybrid tactics
Speaker 1: and this attack is just the tip of the iceberg.
Speaker 1: But that's not all. The US has been pushing back hard.
Speaker 1: The Biden administration introduced a stringent investment ban on China,
Speaker 1: focusing on sensitive technologies like AI semiconductors and quantum computing.
Speaker 1: This ban, effective January twenty twenty five, requires detailed due
Speaker 1: diligence and places significant restrictions on US NAS reshaping US
Speaker 1: China economic relations. And then there's the AI chip's export controls.
Speaker 1: The Biden administration unveiled the most comprehensive restrictions to date,
Speaker 1: dividing the world into AI computing halves and have nots,
Speaker 1: with China squarely in the crosshairs. This move fundamentally reshapes
Speaker 1: how nations can access and develop AI capabilities, with strict
Speaker 1: quotas for non Tier one countries. Nvidia, a major player
Speaker 1: in AI accelerators, saw its shares decline two percent, and
Speaker 1: the stakes are high for cloud computing giants five But
Speaker 1: China isn't backing down. The Commerce Ministry promised to take
Speaker 1: necessary measures to safeguard its legitimate rights and interests, signaling
Speaker 1: a new chapter in the technological cold war. China's tech
Speaker 1: resurgence is fueled by significant investments in AI, semiconductor independence,
Speaker 1: and five G infrastructure, with local companies like Huawei, Ali, Baba,
Speaker 1: and Baidu leading the charge. So SOH what does this
Speaker 1: mean for both nations? The US is trying to curb
Speaker 1: China's ability to enhance its AI capabilities, particularly in military applications,
Speaker 1: but China's explosive growth in computing suggests a future where
Speaker 1: it could set new global standards in technology. The tech
Speaker 1: war will likely intensify with further trade barriers and policy restrictions,
Speaker 1: disruptions in semiconductor supply chains, and increased volatility in global
Speaker 1: tech markets. In the end, it's a high stakes game
Speaker 1: of technological chess, with both sides making strategic moves. As
Speaker 1: an expert, I can tell you that this is just
Speaker 1: the beginning. The US China tech war is heating up,
Speaker 1: and it's anyone's guess what the next move will be.
Speaker 1: Stay tuned for more updates from Beijing Bytes. That's all
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