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US Moves To Further Restrict China's Access To Advanced AI Chips
US Moves To Further Restrict China's Access To Advanced AI Chips
Authored by Evgenia Filiaminova via The Epoch Times,
The U.S. Department of Commerce has issued new guidance to prevent Chinese companies from obtaining advanced U.S. artificial intelligence (AI) chips, such as Nvidia’s most sophisticated Blackwell processors, through overseas subsidiaries.
The May 31 guidance clarifies that export licenses are required for entities headquartered in China or Macau, regardless of where their affiliates are located.
The U.S. Commerce Department’s Bureau of Industry and Security (BIS) said that licensing requirements for advanced computing items destined...
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Apr 23, 2026 / Tyler Durden
MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff
MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff
Summary:
First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History,
Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours
To note: Reuters First reported Meta's 10% cut late last week (report)
Meta Layoffs
First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave.
Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues...
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Sep 30, 2026 / Tyler Durden
Navy Awards Boeing $20 Billion Contract For Next-Generation Fighter
Navy Awards Boeing $20 Billion Contract For Next-Generation Fighter
Authored by Tom Gantert via The Epoch Times,
Boeing has secured a contract worth more than $20 billion to develop the U.S. Navy's next-generation carrier-based fighter.
The Boeing Co. logo is displayed outside of company offices near Los Angeles International Airport in El Segundo, Calif., on Jan. 18, 2024. Patrick T. Fallon/AFP via Getty ImagesThe Navy contract covers full-scale development of the sixth-generation F/A-XX Strike Fighter, including testing units for ground, airworthiness, systems and weapons.
The aircraft is expected to supplement and eventually replace...
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Aug 2, 2026 / Tyler Durden
"Nothing Is 100%": CZ Warns Bitcoin Holders After $89 Million Coldcard Wallet Exploit
"Nothing Is 100%": CZ Warns Bitcoin Holders After $89 Million Coldcard Wallet Exploit
Update (1030ET): A third wave of thefts against Bitcoin wallets built on flawed Coldcard firmware ran through Saturday morning, lifting observed losses to roughly 1,367 BTC - close to $89 million - drained from 4,585 addresses since Thursday.
As Cyberkendra.com reports, the size is not the interesting part. The third wave is the first one designed to be hard to follow, and that shift tells self-custody holders more about what happens next than any dollar figure does.
Galaxy Research published...
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