Beijing has given the greenlight to a blueprint for a technology-driven economic powerhouse in southern China to rival San Francisco's Silicon Valley amid doubts about the plan's feasibility.The Greater Bay Area plan aims to link Hong Kong, Macau, and nine cities in the Guangdong Province — including the megacities of Shenzhen and Guangzhou — into a giant science and IT hub comparable to the combined size of San Francisco and Tokyo's bay areas by 2035.China hopes to achieve this by integrating the cities' infrastructure and expertise in finance, manufacturing and technology by removing trade barriers, encouraging cross-border business, and eventually creating a single market.The initiative reflects China's deep innovation and technology ambitions and also aligns with the country's Made in China 2025 masterplan: a 10-year, transformative roadmap for the future of the country's manufacturing sector.As a global trading hub, Guangdong Province alone exported more than $US640 … [Read more...] about Beijing approves plan for Greater Bay Area to rival San Francisco’s Silicon Valley in the United States
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Monitoring, Jan 7 (INP) – New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. Chinese venture funding in U.S. startups crested to a record $3 billion last year, according to New York economic research firm Rhodium Group, spurred by a rush of investors and tech companies scrambling to complete deals before a new regulatory regime was approved in August. Since then, Chinese venture funding in U.S. startups has slowed to a trickle, Reuters interviews with more than 35 industry players show. U.S. President Donald Trump signed new legislation expanding the government’s ability to block foreign investment in U.S. companies, regardless of the investor’s country of origin. But Trump has been particularly vocal about stopping China from getting its hands on strategic U.S. technologies. … [Read more...] about Chinese tech investors flee Silicon Valley as Trump tightens scrutiny
Apple CEO Tim Cook speaks during a data privacy conference at the European Parliament in Brussels, Wednesday, Oct. 24, 2018. (AP Photo/Virginia Mayo) Apple CEO Tim Cook directed some scathing remarks toward his Silicon Valley competitors at a data privacy conference in Brussels on Wednesday, calling for new privacy laws in the U.S., similar to those enacted by the E.U. earlier this year. Cook, 57, has been increasingly at odds with some of the business models of companies such as Google and Facebook (who he did not specifically name at the conference), describing the trading of data as a "data industrial complex." "Our own information, from the every day to the deeply personal, is being weaponized against us with military efficiency," he said, at the 40th International Conference of Data Protection and Privacy Commissioners (ICDPPC). "Scraps of personal data are collected for digital profiles that let businesses know users better than they know themselves and allow companies to … [Read more...] about Tim Cook blasts Silicon Valley over privacy concerns, says data is being ‘weaponized against us’
When the political focus in Washington gets too narrow, Donald Trump’s practice is to go full Catherine Wheel, sending off sparks in every direction. Since his legal troubles began piling up last week, he has struck a significant trade deal with Mexico, stalled negotiations with North Korea and aimed his domestic blunderbuss at America’s tech giants. On Monday night Fox News reported on a claim by an editor on a Right-wing news site that if you entered Trump’s name in a Google search, 96 per cent of the results came from “Left-leaning” sites. These sites ranged from The New York Times and The Washington Post to Reuters, the Associated Press and People magazine. It was a thin piece of research, but enough for the President, who tweeted early on Tuesday morning that if you looked him up on Google, “Republican/Conservative & Fair Media is shut out. Illegal? 96% of results on “Trump News” are from National Left-Wing Media.” He … [Read more...] about Trump’s attack on Silicon Valley is winning him vital friends ahead of mid-terms
By Cade Metz, New York Times Published 4:52 pm CDT, Wednesday, August 29, 2018 This March 27, 2008, file photo, shows the Pentagon in Washington. This March 27, 2008, file photo, shows the Pentagon in Washington. Photo: Charles Dharapak /Associated Press Photo: Charles Dharapak /Associated Press Image 1 of / 1 Caption Close Image 1 of 1 This March 27, 2008, file photo, shows the Pentagon in Washington. This March 27, 2008, file photo, shows the Pentagon in Washington. Photo: Charles Dharapak /Associated Press With artificial intelligence now a Pentagon priority, will Silicon Valley help? 1 / 1 Back to Gallery MOUNTAIN VIEW, Calif. — In a May memo to President Donald Trump, Defense Secretary Jim Mattis implored him … [Read more...] about With artificial intelligence now a Pentagon priority, will Silicon Valley help?