Microsoft’s $1.5B check for G42 shows growing US-China rift

As the Gulf region gains growing strategic importance for the tech war between the U.S. and China, Microsoft makes a big move into one of its richest oil countries. On Monday evening, Microsoft announced a $1.5 billion strategic investment in G42, the Abu Dhabi-based company that has become a major force in the United Arab […]

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China tensions underline US investment in TSMC

The United States Department of Commerce Monday proposed investing as much as $6.6 billion to fund a third Taiwan Semiconductor Manufacturing Company Limited (TSMC) fab in Arizona. The funding would arrive by way of the CHIPS and Science Act, in a bid to foster more domestic semiconductor production. The move represents a broader push to […]

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GGV Capital is no more, as partners announce two separate brands

The VCs who long ran GGV Capital, the 24-year-old cross-border firm that helped serve as a bridge between the U.S. and China, have settled on two new brands roughly six months after announcing they would split their U.S. and Asia operations. Veteran investors Jenny Lee and Jixun Foo just rebranded their Singapore-based operation as Granite […]

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TikTok ban could harm Amazon sellers looking for alternatives

In March, the U.S. House of Representatives overwhelmingly passed a bill that could force ByteDance to divest TikTok or face a ban in U.S. app stores. Much of the related discussion and debate has centered around American data security and speech rights, but a potential move also highlights something else: TikTok is growing its focus […]

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Alibaba staffer offers a glimpse into building LLMs in China

Chinese tech companies are gathering all sorts of resources and talent to narrow their gap with OpenAI, and experiences for researchers on both sides of the Pacific Ocean can be surprisingly similar. A recent X post from an Alibaba researcher offers a rare glimpse into the life of developing Large Language Models at the e-commerce […]

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Spyware leak offers ‘first-of-its-kind’ look inside Chinese government hacking efforts

Over the weekend, someone posted a cache of files and documents apparently stolen from the Chinese government hacking contractor, I-Soon. This leak gives cybersecurity researchers and rival governments an unprecedented chance to look behind the curtain of Chinese government hacking operations facilitated by private contractors. Like the hack-and-leak operation that targeted the Italian spyware maker […]

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Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of bankrolling several hundred million dollars in a single round has mostly passed. Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised […]

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China-backed Volt Typhoon hackers have lurked inside US critical infrastructure for ‘at least five years’

China-backed hackers have maintained access to American critical infrastructure for “at least five years” with the long-term goal of launching “destructive” cyberattacks, a coalition of U.S. intelligence agencies warned on Wednesday. Volt Typhoon, a state-sponsored group of hackers based in China, has been burrowing into the networks of aviation, rail, mass transit, highway, maritime, pipeline, […]

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