Tag: NVIDIA

‘There Is Always a Way’: Black Market Network Evading Biden Admin Sanctions to Deliver High-Tech Chips to China

Virginia Star Staff
High tech computer processing chip

A black market network is evading Biden administration sanctions and delivering high-tech chips to China, according to a Wall Street Journal investigation released Wednesday.

Advanced artificial intelligence (AI) chip systems are highly prized by China in the country’s ongoing race to rival the American technology industry, and the Biden administration has imposed sanctions and export controls to prevent Beijing from getting its hands on them. Chinese companies and organizations are still obtaining these chips — specifically Nvidia AI chips — through a black market network made up of buyers and sellers spanning multiple countries, according to a WSJ investigation of records of the distributors involved.

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Experts Raise Concerns About Rapid Growth of Artificial Intelligence

The Center Square
Computer programmer

Experts on artificial intelligence raised concerns about the implications of AI’s rapid growth at a panel discussion in Washington, D.C. Tuesday.

The American Enterprise Institute hosted a series of panel discussions surrounding the deployment of AI. Panelists discussed safety protocols, workforce development and regulatory initiatives.

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U.S. Government Blocks $5 Billion in Crucial AI Chips Ordered by Top Chinese Tech Giants: Report

Virginia Star Staff

President Joe Biden’s Commerce Department has blocked American chipmaker Nvidia from sending billions of dollars worth of key artificial intelligence (AI) chips ordered by top Chinese tech giants, the Wall Street Journal reported on Tuesday.

Nvidia was set to deliver over $5 billion in chips from Chinese orders, but the Biden administration is blocking them due to new chip restrictions, according to the WSJ. Nvidia was working on sending the chips before the restrictions took effect but the company received a letter notifying it that the sanctions would take effect immediately instead of one month after their announcement on Oct. 17, as originally scheduled, individuals with knowledge of the situation told the WSJ.

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U.S. Company Resumes Sales of High-Performance AI Chips to China

Virginia Star Staff

American chipmaker Nvidia confirmed that it has developed an alternative high-performance chip to offer Chinese customers after the Biden administration introduced export restrictions on U.S.-made chips in a bid to hamper China’s military, Reuters reported Monday evening.

Nvidia initially revealed late in August that the U.S. government had introduced export restrictions on chips with potential military applications, particularly in the field of artificial intelligence. While Nvidia has made no formal announcement of the new chip, known as the A800, but Chinese businesses have begun advertising it on their websites and an Nvidia spokesperson confirmed the existence of the chip, according to Reuters.

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Spanberger Blasts House Democratic Leadership for Intentionally Killing Congressional Trading Reform, Vega Says It’s a Stale Pre-Election Routine

Eric Burk

Representative Abigail Spanberger (D-VA-07) criticized Speaker of the House Nancy Pelosi (D-CA-12) and House Democratic leadership for moves that killed bipartisan congressional stock trading reform legislation, but her opponent in the election Yesli Vega said in a press release that the congresswoman “isn’t fooling anyone.”

“This moment marks a failure of House leadership. This moment is yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill — as I have long made known,” Spanberger said in a Friday press release.

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Spanberger Blasts House Democratic Leadership for Intentionally Killing Congressional Trading Reform, Vega Says It’s a Stale Pre-Election Routine

Eric Burk

Representative Abigail Spanberger (D-VA-07) criticized Speaker of the House Nancy Pelosi (D-CA-12) and House Democratic leadership for moves that killed bipartisan congressional stock trading reform legislation, but her opponent in the election Yesli Vega said in a press release that the congresswoman “isn’t fooling anyone.”

“This moment marks a failure of House leadership. This moment is yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill — as I have long made known,” Spanberger said in a Friday press release.

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U.S. Chipmaker Ordered to Halt Sales of Semiconductors to China

Virginia Star Staff

American chipmaker Nvidia announced in a Wednesday quarterly report that the U.S. government informed them of a new license requirement that would prohibit the sale of two advanced chips to China and Russia.

The U.S. government was concerned that the chips, which have applications in artificial intelligence work, might be co-opted by the Chinese or Russian militaries, according to Nvidia’s quarter two report. The chips were expected to generate $400 million in quarterly sales, revenue which is now in jeopardy from the new restriction, according to Reuters.

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Kiggans Criticizes Luria for CHIPS and Science Act Vote While Holding NVIDIA Stock

Eric Burk

State Senator Jen Kiggans (R-Virginia Beach) is criticizing her opponent for Congress Representative Elaine Luria (D-VA-02) for voting in favor of the CHIPS and Science Act while holding NVIDIA stock.

“Elaine Luria’s vote to provide billions of dollars in subsidies for an industry in which she owns up to $25 million in stocks would be unethical, self-serving, and the latest example of how she will put her bottom line ahead of her constituents’ well-being,” Kiggans said the day of the vote.

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