Close Menu
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Tech Entrepreneurship: Eliminating waste and eliminating scarcity

July 17, 2024

AI for Entrepreneurs and Small Business Owners

July 17, 2024

Young Entrepreneurs Succeed in Timor-Leste Business Plan Competition

July 17, 2024
Facebook X (Twitter) Instagram
  • Home
  • Business News
    • Entrepreneurship
  • Investments
  • Markets
  • Opinion
  • Politics
  • Startups
    • Stock Market
  • Trending
    • Technology
  • Online Jobs
Facebook X (Twitter) Instagram Pinterest
Prosper planet pulse
  • Home
  • Privacy Policy
  • About us
    • Advertise with Us
  • AFFILIATE DISCLOSURE
  • Contact
  • DMCA Policy
  • Our Authors
  • Terms of Use
  • Shop
Prosper planet pulse
Home»Investments»Republican lawmakers demand clarity on Microsoft’s AI investments
Investments

Republican lawmakers demand clarity on Microsoft’s AI investments

prosperplanetpulse.comBy prosperplanetpulse.comJuly 11, 2024No Comments2 Mins Read0 Views
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Republican lawmakers are demanding information from the Biden administration about Microsoft’s $1.5 billion investment in the United Arab Emirates (UAE)-based artificial intelligence company G42, highlighting concerns about the possible transfer of U.S.-originated technology to entities with close ties to China.

Rep. Michael McCaul, chairman of the House Foreign Affairs Committee, and John Moulenaar, chairman of the Select Committee on China, expressed their concerns in a letter to White House National Security Advisor Jake Sullivan. They stressed the urgency of holding a briefing before the investment agreement can move to Phase 2.

“We remain deeply concerned by attempts to rush through this partnership, involving an unprecedented transfer of highly sensitive U.S.-origin technology, without consultation with Congress or clearly defined regulations,” the lawmakers said in their July 10 letter.

The U.S. government is considering new export controls on various components of AI technology due to concerns that the technology could fall into the hands of foreign adversaries. Officials have stressed that artificial intelligence has the potential to revolutionize military and intelligence capabilities, spurring a global race to rapidly develop this disruptive technology.

Read more: Microsoft signs multi-million euro deal to settle CISPE antitrust lawsuit

Experts note that the UAE and China maintain close cooperation in a number of scientific research fields, raising concerns about the impact of the Microsoft-G42 deal.

“Given (China’s) relationship with G42 and (China’s) continuing interest in the UAE, we request that before this partnership moves further, the National Intelligence Council prepare a formal intelligence community assessment of G42’s ties to the Communist Party of China, the People’s Liberation Army, or any part of (China’s) organizations,” the letter detailed.

The latest development reflects broader concerns in US political circles about technology transfers to countries with strong ties to China. The lawmakers’ calls are aimed at ensuring such partnerships are thoroughly vetted to safeguard national security interests.

Source: Reuters



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
prosperplanetpulse.com
  • Website

Related Posts

Investments

Mirae Asset Global Investments Co., Ltd. sells 18,000 shares of Global Super Dividend US ETF (NYSEARCA:DIV)

July 14, 2024
Investments

6 investments that will plummet in value by the end of 2024

July 14, 2024
Investments

Investment in the county’s agriculture sector will yield bountiful harvests. [column] | Local Voices

July 14, 2024
Investments

Mirae Asset Global Investments Co. Ltd. Increases Stake in Stride, Inc. (NYSE:LRN)

July 14, 2024
Investments

Allspring Global Investments Holdings LLC invests in WPP plc (NYSE:WPP)

July 14, 2024
Investments

How much should I invest to retire at 30?

July 14, 2024
Add A Comment
Leave A Reply Cancel Reply

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Editor's Picks

The rule of law is more important than feelings about Trump | Opinion

July 15, 2024

OPINION | Biden needs to follow through on promise to help Tulsa victims

July 15, 2024

Opinion | Why China is off-limits to me now

July 15, 2024

Opinion | Fast food chains’ value menu wars benefit consumers

July 15, 2024
Latest Posts

ATLANTIC-ACM Announces 2024 U.S. Business Connectivity Service Provider Excellence Awards

July 10, 2024

Costco’s hourly workers will get a pay raise. Read the CEO memo.

July 10, 2024

Why a Rockland restaurant closed after 48 years

July 10, 2024

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe