Battery materials startup LeydenJar has closed a €13 million ($15.2 million USD) round to scale up manufacturing of its silicon anode technology for an unnamed “leading U.S.-based consumer electronics company.” The Netherlands-based startup will use the funding, along with a €10 million commitment from the U.S. customer, to build the first phase of its facility,…
The U.S. Department of Justice (DOJ) said on Tuesday that two Chinese nationals have been arrested for their alleged involvement in illegally shipping tens of millions of dollars’ worth of high-performance AI chips to China. The DOJ said Chuan Geng and Shiwei Yang were arrested in California on August 2 and charged with violating the…
Not everyone is happy that the Trump administration gave Nvidia the green light to start selling its H20 advanced AI chips in China again. A group of 20 national security experts and former government officials wrote a letter to the U.S. Department of Commerce Secretary Howard Lutnick on Monday urging the Trump administration to reverse…
The Trump administration wants its AI technology to be considered an industry leader both on home soil and abroad. But it also doesn’t want the U.S.’s AI prowess to empower or embolden a foreign adversary. That’s quite the balance to strike. If President Trump’s AI Action Plan, which was released on Wednesday, is any indicator,…
The Trump administration published its much-anticipated AI Action Plan on Wednesday, a document that takes a sharp shift away from former President Biden’s cautious approach to addressing the risks of AI, and instead barrels ahead with plans to build out AI infrastructure, cut red tape for tech companies, shore up national security, and compete with China. …
PayPal announced Wednesday it has partnered with global wallet companies to create a platform called PayPal World that is designed to make cross-border commerce easier. The platform will allow users to pay others using their local wallets and payment systems. The company said the launch partners include India’s NPCI International Payments Limited, which operates mobile…
Nvidia announced Monday that it’s filing applications to restart sales of its H20 artificial intelligence chips to China, capping a spasmodic few months that saw the Trump administration impose restrictions, then quickly reverse course after a high-profile dinner meeting. The company expects to receive U.S. government licenses soon and begin deliveries shortly after, according to…
Self-driving truck startup TuSimple (now CreateAI) sent a trove of sensitive data – effectively the blueprint of an American-made autonomous vehicle system – to a Beijing-owned firm after committing to the U.S. government that it would cease such transfers under a national security agreement, according to The Wall Street Journal. The transfers to Chinese truck…
