Gina Raimondo

Sam Altman, OpenAI CEO.Photo: Denis Balibouse (Reuters)This article originally appeared on Quartz.com.OpenAI CEO Sam Altman wants to raise as much as $5 trillion to $7 trillion on a new project that would boost the world’s chip-building capacity, the Wall Street Journal has reported. The amount is larger than the current size of the global chips market — and more than the market caps of Apple and Microsoft combined.ChatGPT’s Creator Buddies Up to Congress | Future TechOnly a handful of tech companies need a lot of AI…

The Biden administration on Friday will announce the investment of $5 billion in a public-private consortium aimed at supporting research and development in advanced computer chips.The National Semiconductor Technology Center is being funded through the CHIPS and Science Act. That 2022 law aims to reinvigorate the computer chip sector within the United States through targeted government support.“We need to be building for the future and that means making investments in R&D,” Commerce Secretary Gina Raimondo said to…

SINGAPORE—Nvidia’s CEO said he still hopes to supply high-end processors to China, days after U.S. Commerce Secretary Gina Raimondo warned U.S. companies against sales of AI-enabling chips to the country in the name of national security. “Our plan now is to continue to work with the U.S. government to come up with a new set of products to comply with the new regulations,” Jensen Huangtold reporters in Singapore Wednesday. “The new regulations have additional limits. We have to come up with new products to comply with…

In a scathing letter sent to key federal agencies, Senator Ron Wyden called for multiple investigations of Microsoft Corp. over a breach of US officials' email accounts by China-linked hackers. Wyden's letter — sent to heads of the Cybersecurity and Infrastructure Security Agency, Department of Justice, and Federal Trade Commission — said that Microsoft “bears significant responsibility for this new incident.” The senator also chided the company for its role in the SolarWinds attack, disclosed in 2020, when Russian…

The United States "won't tolerate" China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such "economic coercion," US commerce Secretary Gina Raimondo said on Saturday.Raimondo told a news conference after a meeting of trade ministers in the US-led Indo-Pacific Economic Framework talks that the US "firmly opposes" China's actions against Micron. These "target a single US company without any basis in fact, and we see it as plain and simple economic coercion and…

Any retaliation could set back a fragile U.S.-China rapprochement, as commerce advisers prepare to talk. Any retaliation could set back a fragile U.S.-China rapprochement, as commerce advisers prepare to talk. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are…

WASHINGTON—Semiconductor companies seeking federal grants under the Chips Act could face a tough decision: take Washington’s help to expand in the U.S., or preserve their ability to expand in China.  Some of the proposed restrictions, known as the China guardrails, were tougher than industry executives, lawyers and national-security analysts say they had expected—both for leading-edge semiconductor plants needed for advanced military weapons systems as well as factories making so-called legacy chips used in consumer…

India and the US on Friday signed a memorandum of understanding (MoU) on semiconductor supply chain and innovation partnership during the Commercial Dialogue 2023, the commerce ministry said. On the invitation of commerce and industry minister Piyush Goyal, the US secretary of commerce Gina Raimondo visited Delhi between March 7 and 10. During this visit, the India-US Commercial Dialogue was re-launched to discuss cooperation for unlocking new trade and investment opportunities between the two countries, it said. "During…

WASHINGTON—The Pentagon will have secure access to leading-edge semiconductors manufactured at facilities receiving funding from the $53 billion Chips Act, Commerce Secretary Gina Raimondo said, ensuring the industry can supply the military with the advanced chips it needs for modern weapons systems. The increased involvement of the military and national security officials comes as intensifying rivalry with China and weaknesses in the supply chain exposed during the pandemic raise concerns…

The aim would be to create ecosystems that would bring together fabrication plants, research-and-development labs, final packaging facilities for assembly of chips and the suppliers needed to support each phase of the operation, Ms. Raimondo said Thursday. “Our vision at the end of this initiative is to make it so that the United States of America is the only country in the world where every company capable of producing leading edge chips will have a significant R&D and high-volume manufacturing presence in our…