National Security Advisor Jake Sullivan, in a speech last month on technology, competitiveness and national security, referred to “computing-related technologies, including microelectronics, quantum information systems and artificial intelligence” as among developments “set to play an outsized importance over the coming decade.” He also noted the importance of export controls to “maintain as large of a lead as possible” over adversaries. Expanding the wall around advanced technologies risks further antagonizing China and forcing other countries to pick sides between the world’s two top economies. The new ideas have been shared with US allies, according to the people. Officials are still determining how to frame the controls on quantum computing, which will probably focus on the level of output and the so-called error correction rate, the people said. […] The Biden administration is also working on an executive order for an outbound investment review mechanism that would scrutinize money heading to certain Chinese technologies, and the quantum computing and artificial intelligence controls could be included, one of the people said. That could incorporate some aspects similar to a measure pushed by senators Bob Casey, a Pennsylvania Democrat, and John Cornyn, a Texas Republican.
IBM Stock Collapses After a Grave Warning About AI
IBM shares plunged after the company warned that Q2 revenue and earnings would miss expectations, blaming customers’ sudden shift in spending toward AI hardware instead of software services. However, CEO Arvind Krishna did not place Read more…