Goldman evaluating role in China’s Megvii IPO after US blacklist

Goldman Sachs said on Tuesday it was reviewing its involvement in Megvii Technology’s planned initial public offering (IPO) after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist. In an emailed statement in response to a request for comment on the Alibaba-backed Megvii IPO, Goldman said it was “evaluating in light of the recent developments.” Goldman is a joint sponsor of the Megvii IPO, alongside Citigroup and JPMorgan Chase, which both declined to


Goldman Sachs said on Tuesday it was reviewing its involvement in Megvii Technology’s planned initial public offering (IPO) after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist. In an emailed statement in response to a request for comment on the Alibaba-backed Megvii IPO, Goldman said it was “evaluating in light of the recent developments.” Goldman is a joint sponsor of the Megvii IPO, alongside Citigroup and JPMorgan Chase, which both declined to
Goldman evaluating role in China’s Megvii IPO after US blacklist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, chinese, firm, goldman, intelligence, evaluating, chinas, recognition, blacklist, shanghai, facial, megvii, ipo, role, public, companies


Goldman evaluating role in China's Megvii IPO after US blacklist

An attendee uses his smartphone to record a facial-recognition demonstration on himself at the Beijing Megvii booth at the MWC Shanghai exhibition in Shanghai, China, on June 27, 2019.

Goldman Sachs said on Tuesday it was reviewing its involvement in Megvii Technology’s planned initial public offering (IPO) after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.

The Trump administration said on Monday that Megvii and seven other Chinese companies were targeted because they were implicated in Beijing’s repression of Muslim minority populations in the Xinjiang Uighur Autonomous Region in the far west of the country.

In an emailed statement in response to a request for comment on the Alibaba-backed Megvii IPO, Goldman said it was “evaluating in light of the recent developments.” Sources had previously told Reuters the listing was scheduled for Hong Kong in the fourth quarter and might raise as much as $1 billion.

Risk consultants and Silicon Valley lawyers said that other U.S. companies involved with the blacklisted Chinese firms, whether as investors or as underwriters, are also likely to reevaluate their relationships.

Goldman is a joint sponsor of the Megvii IPO, alongside Citigroup and JPMorgan Chase, which both declined to comment.

Goldman had thoroughly evaluated the Megvii deal before initially signing onto it using its usual due diligence process, a person familiar with the matter said.

Known in the artificial intelligence business for its facial recognition platform Face++, Megvii will become the first Chinese AI firm to go public if the deal goes ahead. The company provides facial recognition and other AI technology to governments and companies including Alibaba, Ant Financial, Lenovo Group and Huawei.


Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, chinese, firm, goldman, intelligence, evaluating, chinas, recognition, blacklist, shanghai, facial, megvii, ipo, role, public, companies


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Defense Intelligence Agency worker arrested on charges of leaking top secret information to reporters

Gen. Robert Ashley, director of the Defense Intelligence Agency, testifies during the Senate Select Intelligence Committee hearing on “Worldwide Threats” on Tuesday, Jan. 29, 2018. A counter-terrorism analyst for the U.S. Defense Intelligence Agency was arrested Wednesday on federal charges that he leaked top secret and other classified information — including details of a foreign country’s weapons systems — to two reporters in 2018 and this year. One of the journalists who allegedly received se


Gen. Robert Ashley, director of the Defense Intelligence Agency, testifies during the Senate Select Intelligence Committee hearing on “Worldwide Threats” on Tuesday, Jan. 29, 2018. A counter-terrorism analyst for the U.S. Defense Intelligence Agency was arrested Wednesday on federal charges that he leaked top secret and other classified information — including details of a foreign country’s weapons systems — to two reporters in 2018 and this year. One of the journalists who allegedly received se
Defense Intelligence Agency worker arrested on charges of leaking top secret information to reporters Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: dan mangan
Keywords: news, cnbc, companies, reporters, arrested, journalist, national, leaking, frese, intelligence, secret, charges, agency, worker, information, allegedly, security, indictment, defense


Defense Intelligence Agency worker arrested on charges of leaking top secret information to reporters

Gen. Robert Ashley, director of the Defense Intelligence Agency, testifies during the Senate Select Intelligence Committee hearing on “Worldwide Threats” on Tuesday, Jan. 29, 2018.

A counter-terrorism analyst for the U.S. Defense Intelligence Agency was arrested Wednesday on federal charges that he leaked top secret and other classified information — including details of a foreign country’s weapons systems — to two reporters in 2018 and this year.

The worker, Henry Kyle Frese, 30, held top-secret clearance at the DIA, where he began as a contractor in January 2017, and eventually became a full-time employee.

One of the journalists who allegedly received secret information from Frese had apparently been involved in a romantic relationship with him, authorities said.

That reporter ended up writing at least eight articles based on at least five compromised intelligence reports leaked by Frese, according to a criminal indictment. Frese re-tweeted a link to the first article that reporter wrote based on information he had allegedly leaked to her, the indictment says.

“Frese was caught red-handed disclosing sensitive national security information for personal gain,” said Assistant Attorney General for National Security John Demers.

An indictment alleges that Frese accessed classified intelligence reports, some which were not connected to his job duties, in spring 2018 and provided top secret information about another country’s weapons systems to a journalist who lived at the same Alexandria, Virginia, residential address as Frese.

The Justice Department said that it “based on reviews” of the public social media pages of Frese and that reporter, “it appears that they were involved in a romantic relationship for some or all of that period of time” in which Frese allegedly leaked the information to her.

“The unauthorized disclosure of TOP SECRET information could reasonably be expected to cause exceptionally grave harm to the national security of the United States,” the Justice Department said in a press release announcing Frese’s indictment in U.S District Court in Virginia.

A week after Frese allegedly accessed one of the intelligence reports, the first journalist sent Frese a direct message on Twitter asking whether he would speak with another journalist, according to the department.

“Frese stated that he was ‘down’ to help Journalist 2 if it helped Journalist 1 because he wanted to see Journalist 1 ‘progress.’ ”

The identities of the reporters and their employers were not disclosed by authorities.

The indictment against Frese says that on Sept. 24, 2019, surveillance of Frese caught him on a cell phone call transmitting national defense information to the second reporter.

Those disclosures allegedly contained information classified as secret, “meaning that the unauthorized disclosure of the information could reasonably be expected to cause serious harm to the national security of the United States,” the department said.

Frese faces a maximum possible sentence of 10 years in prison if convicted of each of the two counts of wilful transmission of national defense information with which he was charged.

“Henry Kyle Frese was entrusted with TOP SECRET information related to the national defense of our country,” said G. Zachary Terwilliger, U.S. Attorney for the Eastern District of Virginia.

“Frese allegedly violated that trust, the oath he swore to uphold, and is charged with engaging in dastardly and felonious conduct at the expense of our country,” Terwilliger said.

“This indictment should serve as a clear reminder to all of those similarly entrusted with National Defense Information that unilaterally disclosing such information for personal gain, or that of others, is not selfless or heroic, it is criminal.”


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: dan mangan
Keywords: news, cnbc, companies, reporters, arrested, journalist, national, leaking, frese, intelligence, secret, charges, agency, worker, information, allegedly, security, indictment, defense


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Trump is now blacklisting several big Chinese companies — here’s what they do and why they are important

The move has already hit suppliers to the companies named, and roiled markets Tuesday on fears of wavering trade talks. Together, the companies show clearly the direction Commerce will continue to take with its blacklist. Namely, it’s looking at Chinese companies that are already global, that provide tech infrastructure that is hard to replace once it’s been acquired, and that could feasibly be used to bolster China’s intelligence and military organizations. Blacklisting these companies should p


The move has already hit suppliers to the companies named, and roiled markets Tuesday on fears of wavering trade talks. Together, the companies show clearly the direction Commerce will continue to take with its blacklist. Namely, it’s looking at Chinese companies that are already global, that provide tech infrastructure that is hard to replace once it’s been acquired, and that could feasibly be used to bolster China’s intelligence and military organizations. Blacklisting these companies should p
Trump is now blacklisting several big Chinese companies — here’s what they do and why they are important Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: kate fazzini
Keywords: news, cnbc, companies, important, companies, provide, tianjin, create, blacklist, big, trump, commerce, blacklisting, trade, chinese, infrastructure, heres, intelligence


Trump is now blacklisting several big Chinese companies — here's what they do and why they are important

Chairman of Hangzhou Hiklp Electronics Co., Ltd. Chen Zongnian delivers a speech during the 2nd World Intelligence Congress (WIC 2018) at Tianjin Meijiang Convention and Exhibition Center on May 16, 2018 in Tianjin, China.

The Department of Commerce added 28 new companies and agencies to its running “blacklist” of Chinese firms banned from doing business in the United States, with a notable focus on companies that specialize in artificial intelligence, machine learning and digital surveillance.

The move has already hit suppliers to the companies named, and roiled markets Tuesday on fears of wavering trade talks.

Together, the companies show clearly the direction Commerce will continue to take with its blacklist. Namely, it’s looking at Chinese companies that are already global, that provide tech infrastructure that is hard to replace once it’s been acquired, and that could feasibly be used to bolster China’s intelligence and military organizations.

Blacklisting these companies should please some in the intelligence community who have long argued that allowing Chinese companies to provide technological infrastructure to the U.S. would undercut the ability of the U.S. to defend itself. But it will also create divides with commerce organizations focused on free trade, and will likely create further disruptions in the ongoing trade negotiations between the Trump administration and Chinese president Xi Jinping.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: kate fazzini
Keywords: news, cnbc, companies, important, companies, provide, tianjin, create, blacklist, big, trump, commerce, blacklisting, trade, chinese, infrastructure, heres, intelligence


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House Democrats subpoena Trump lawyer Rudy Giuliani in impeachment probe

The House Intelligence Committee has subpoenaed President Donald Trump’s personal attorney Rudy Giuliani for documents as part of its impeachment inquiry into the president. In a letter to Giuliani dated Monday, the heads of three House committees asked for information related to the president’s and his lawyer’s efforts to get Ukraine’s government to investigate the Biden family. Spokespeople for Giuliani and the White House did not immediately respond to CNBC’s requests for comment. The subpoen


The House Intelligence Committee has subpoenaed President Donald Trump’s personal attorney Rudy Giuliani for documents as part of its impeachment inquiry into the president. In a letter to Giuliani dated Monday, the heads of three House committees asked for information related to the president’s and his lawyer’s efforts to get Ukraine’s government to investigate the Biden family. Spokespeople for Giuliani and the White House did not immediately respond to CNBC’s requests for comment. The subpoen
House Democrats subpoena Trump lawyer Rudy Giuliani in impeachment probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: jacob pramuk
Keywords: news, cnbc, companies, subpoena, documents, president, committees, rudy, asked, related, intelligence, giuliani, probe, impeachment, lawyer, committee, administration, democrats, trump, house


House Democrats subpoena Trump lawyer Rudy Giuliani in impeachment probe

(FILES) In this file photo Lawyer of the US president Rudy Giuliani looks on before the US president announces his Supreme Court nominee in the East Room of the White House on July 9, 2018 in Washington, DC.

The House Intelligence Committee has subpoenaed President Donald Trump’s personal attorney Rudy Giuliani for documents as part of its impeachment inquiry into the president.

In a letter to Giuliani dated Monday, the heads of three House committees asked for information related to the president’s and his lawyer’s efforts to get Ukraine’s government to investigate the Biden family.

Three Democratic-led panels — the Intelligence, Oversight and Foreign Affairs committees — are demanding that Giuliani produce all text messages, phone records and other communications related to the “scheme” he is accused of perpetrating “in order to determine the full extent of this effort by the President and his Administration to press Ukraine to interfere in our 2020 presidential election.”

They wrote that the House Democrats’ probe “includes an investigation of credible allegations that [Giuliani] acted as an agent of the President in a scheme to advance his personal political interests by abusing the power of the Office of the President.” Reps. Adam Schiff, D-Calif., Elijah Cummings, D-Md., and Eliot Engel, D-N.Y. — who lead the Intelligence, Oversight and Foreign Affairs committees, respectively — asked him to produce documents by Oct. 15.

Spokespeople for Giuliani and the White House did not immediately respond to CNBC’s requests for comment. Giuliani has suggested he may not comply with committee requests. On Sunday, he told ABC that he “wouldn’t cooperate” with Schiff as long as he leads the panel.

The subpoena adds to the heightened scrutiny of both administration officials and outside Trump confidants after the House decided last week to move forward with impeachment proceedings. On Friday, the Intelligence Committee subpoenaed Secretary of State Mike Pompeo for documents. The heads of the Appropriations and Budget committees also asked Friday for records related to the Office of Management and Budget’s involvement in the Trump administration deciding to hold back nearly $400 million in military aid to Ukraine.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: jacob pramuk
Keywords: news, cnbc, companies, subpoena, documents, president, committees, rudy, asked, related, intelligence, giuliani, probe, impeachment, lawyer, committee, administration, democrats, trump, house


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California man charged in elaborate Chinese spy operation

United States attorney David L. Anderson holds an SD memory card as he speaks during a news conference on September 30, 2019 in San Francisco, California. A California man has been charged with acting as an illegal foreign agent as part of an elaborate FBI sting operation targeting Chinese intelligence operatives working in the U.S., the Justice Department said Monday. As part of the investigation, a confidential FBI source met with MSS intelligence officers, provided them with classified inform


United States attorney David L. Anderson holds an SD memory card as he speaks during a news conference on September 30, 2019 in San Francisco, California. A California man has been charged with acting as an illegal foreign agent as part of an elaborate FBI sting operation targeting Chinese intelligence operatives working in the U.S., the Justice Department said Monday. As part of the investigation, a confidential FBI source met with MSS intelligence officers, provided them with classified inform
California man charged in elaborate Chinese spy operation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: rich schapiro
Keywords: news, cnbc, companies, acting, complaint, security, california, peng, intelligence, spy, elaborate, operation, agent, charged, chinese, man, criminal, information, classified


California man charged in elaborate Chinese spy operation

United States attorney David L. Anderson holds an SD memory card as he speaks during a news conference on September 30, 2019 in San Francisco, California. The U.S. attorney’s office of the Northern District of California announced a criminal complaint against Xuehua Peng, also known as Edward Peng, for acting as an illegal foreign agent that allegedly delivered classified U.S. national security information to the government of the People’s Republic of China’s Ministry of State Security.

A California man has been charged with acting as an illegal foreign agent as part of an elaborate FBI sting operation targeting Chinese intelligence operatives working in the U.S., the Justice Department said Monday.

Xuehua “Edward” Peng was caught acting as a courier for China’s Ministry of State Security (MSS) after the U.S. launched a “double agent operation” in March 2015, according to a criminal complaint filed in the Northern District of California and obtained by NBC News.

As part of the investigation, a confidential FBI source met with MSS intelligence officers, provided them with classified information relating to national security concerns, and received financial payments in return, the criminal complaint says.

On six separate occasions, Peng showed up to collect packages left at hotels in California and Georgia, the criminal complaint says. In four of the cases, the parcels contained SD cards containing classified information, and Peng left behind a total of $70,000 for the source who dropped them off, the complaint says.

Peng, a naturalized U.S. citizen from China, is believed to have been “instructed in spycraft, practiced it, and knew that he was working for intelligence operatives of the People’s Republic of China,” the complaint says. He was arrested at his home in the city of Hayward last Friday.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: rich schapiro
Keywords: news, cnbc, companies, acting, complaint, security, california, peng, intelligence, spy, elaborate, operation, agent, charged, chinese, man, criminal, information, classified


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House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify ‘very soon,’ Schiff says

House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress. In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers. “We’ll get the unfiltered testimon


House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress. In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers. “We’ll get the unfiltered testimon
House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify ‘very soon,’ Schiff says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: spencer kimball
Keywords: news, cnbc, companies, committee, intelligence, trumpukraine, foreign, schiff, european, solicit, president, agreement, trump, ukraine, testify, reached, intel, house, soon, whistleblower


House intel committee has reached an agreement for Trump-Ukraine whistleblower to testify 'very soon,' Schiff says

House Intelligence Committee Chairman Adam Schiff said Sunday that an agreement has been reached for the whistleblower at the center of the impeachment inquiry into President Donald Trump to testify before Congress.

In an interview on ABC’s “This Week,” Schiff, D-Calif., said he expects the whistleblower to testify “very soon,” but timing depends on when the director of National Intelligence completes the security clearance process for the individual’s lawyers.

“We’ll get the unfiltered testimony of that whistleblower,” Schiff said.

The whistleblower filed a complaint expressing concern that Trump was “using the power of his office to solicit interference from a foreign country in the 2020 U.S. election.”

The redacted complaint, released by the House Intelligence Committee on Thursday, details a July 25 call in which Trump asked Ukraine’s president to “do us a favor” and investigate Democratic presidential candidate Joe Biden and his son Hunter for corruption.

It’s illegal under campaign finance law to solicit help from foreign nationals, foreign governments, foreign businesses or foreign political parties.

Trump froze nearly $400 million in military aid to Ukraine before the July 25 call, raising concerns that he was seeking a quid pro quo with Kyiv, an allegation that the president and his supporters deny.

Trump said he froze the aid, which was later released, because European nations were not contributing enough to Ukraine, which is fighting a war with Russian-backed separatists in its eastern region. The European Union and European financial institutions have contributed more than $16 billion in assistance to Ukraine since 2014, according to The Associated Press.


Company: cnbc, Activity: cnbc, Date: 2019-09-29  Authors: spencer kimball
Keywords: news, cnbc, companies, committee, intelligence, trumpukraine, foreign, schiff, european, solicit, president, agreement, trump, ukraine, testify, reached, intel, house, soon, whistleblower


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Pelosi on Trump whistleblower complaint: ‘This is a cover-up’

House Speaker Nancy Pelosi cautioned Thursday against rushing to impeach President Donald Trump even as she said the president “betrayed” his oath of office. The document also detailed alleged White House efforts to “lock down” records of Trump’s July call with Ukrainian President Volodymyr Zelensky. “This is a cover-up,” Pelosi said after outlining the accusations in the complaint. She also contended the Office of the Director of National Intelligence “broke the law” by not immediately passing


House Speaker Nancy Pelosi cautioned Thursday against rushing to impeach President Donald Trump even as she said the president “betrayed” his oath of office. The document also detailed alleged White House efforts to “lock down” records of Trump’s July call with Ukrainian President Volodymyr Zelensky. “This is a cover-up,” Pelosi said after outlining the accusations in the complaint. She also contended the Office of the Director of National Intelligence “broke the law” by not immediately passing
Pelosi on Trump whistleblower complaint: ‘This is a cover-up’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: jacob pramuk
Keywords: news, cnbc, companies, complaint, white, impeachment, coverup, trump, whistleblower, speaker, democrats, house, intelligence, pelosi, president


Pelosi on Trump whistleblower complaint: 'This is a cover-up'

Speaker of the House Nancy Pelosi (D-CA) walks to a government vehicle after speaking at an American Federation of Government Employees labor union rally at the U.S. Capitol in Washington, U.S., September 24, 2019.

House Speaker Nancy Pelosi cautioned Thursday against rushing to impeach President Donald Trump even as she said the president “betrayed” his oath of office.

Speaking to reporters, the California Democrat responded to a newly public whistleblower complaint alleging Trump abused his power by asking Ukraine’s president to investigate the family of former Vice President Joe Biden, one of his chief rivals for the presidency in 2020. The document also detailed alleged White House efforts to “lock down” records of Trump’s July call with Ukrainian President Volodymyr Zelensky.

“This is a cover-up,” Pelosi said after outlining the accusations in the complaint.

The speaker, aiming to balance the concerns of liberals who have long agitated to remove Trump from office and centrists from swing districts who only this week backed action on impeachment, stressed that she wants a patient investigation into Trump’s conduct. She also aimed to show that House Democrats will still make policy despite their decision this week to start an impeachment inquiry, as Trump and his allies accuse the party of a politically motivated probe ahead of the 2020 election.

Pelosi did not commit to timing on drafting or voting on articles of impeachment, which effectively constitute charges against the president. She said House committee investigations will determine the timing of the proceedings.

“There are some in our caucus who think, ‘let’s just have an impeachment.’ … There is no rush to judgment,” Pelosi said.

She also contended the Office of the Director of National Intelligence “broke the law” by not immediately passing the August whistleblower complaint to congressional intelligence committees. Asked about the delay during a House Intelligence Committee hearing Thursday, acting Director of National Intelligence Joseph Maguire called the situation “unprecedented” and said it seemed “prudent to be able to check and ensure” before he sent the complaint to Congress.

The Trump administration gave the document to Congress only Wednesday as it faced pressure created by growing support for impeachment.

Pelosi added that her party reached a consensus that it would focus on “this allegation” related to Ukraine. Some House members have called for impeachment based on other accusations, such as those that Trump obstructed special counsel Robert Mueller’s Russia investigation or profits from the presidency through his private businesses.

Currently, 219 House Democrats and one independent support some action on impeachment, according to NBC News. The group constitutes a majority of House members and nearly all of the 235 Democrats in the chamber.

Trump has repeatedly characterized his call with Zelensky as “perfect.”

In a statement Thursday, White House press secretary Stephanie Grisham said, “Nothing has changed with the release of this complaint, which is nothing more than a collection of third-hand accounts of events and cobbled-together press clippings—all of which shows nothing improper.” She said the president released a memorandum summarizing the call Wednesday “because he has nothing to hide.”

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Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: jacob pramuk
Keywords: news, cnbc, companies, complaint, white, impeachment, coverup, trump, whistleblower, speaker, democrats, house, intelligence, pelosi, president


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Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology

Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry. The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to j


Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry. The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to j
Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: arjun kharpal
Keywords: news, cnbc, companies, jeff, hanguang, zhang, pushes, computing, chip, alibaba, intelligence, unveils, officer, technology, semiconductor, business, china, tasks


Alibaba unveils its first A.I. chip as China pushes for its own semiconductor technology

Jeff Zhang, chief technology officer at Alibaba, unveils the company’s first artificial intelligence chip called the Hanguang 800. It was announced at the Apsara Computing Conference on September 25, 2019.

Alibaba unveiled its first chip to power artificial intelligence (AI) processes on Tuesday. The move could boost its already fast-growing cloud computing business and signals China’s growing ambitions in developing its own homegrown semiconductor industry.

The chip, called the Hanguang 800, can cut down computing tasks that would have usually taken an hour, down to just five minutes, the e-commerce giant claims.

Alibaba said that the chip is currently being used internally within the company’s business operations, especially in product search and automatic translation on e-commerce sites, personalized recommendations, advertising, and “intelligent customer services.” These are areas that require extensive computing tasks and the chip can help speed things up.

“In the near future, we plan to empower our clients by providing access through our cloud business to the advanced computing that is made possible by the chip, anytime and anywhere,” Jeff Zhang, Alibaba’s chief technology officer, said in a press release.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: arjun kharpal
Keywords: news, cnbc, companies, jeff, hanguang, zhang, pushes, computing, chip, alibaba, intelligence, unveils, officer, technology, semiconductor, business, china, tasks


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Whistleblower complaint delivered to Congress

Runners jog near the U.S. Capitol in Washington, D.C.A whistleblower’s complaint reportedly about a phone call between President Donald Trump and Ukraine President Volodymyr Zelensky was delivered to Congress on Wednesday. The complaint was delivered by hand to a secure facility in the Capitol building, where multiple lawmakers, including Intelligence Committee leaders Sen. Richard Burr, R-N.C., and Rep. Adam Schiff, D-Calif., have viewed the materials. Burr declined NBC News’ request for commen


Runners jog near the U.S. Capitol in Washington, D.C.A whistleblower’s complaint reportedly about a phone call between President Donald Trump and Ukraine President Volodymyr Zelensky was delivered to Congress on Wednesday. The complaint was delivered by hand to a secure facility in the Capitol building, where multiple lawmakers, including Intelligence Committee leaders Sen. Richard Burr, R-N.C., and Rep. Adam Schiff, D-Calif., have viewed the materials. Burr declined NBC News’ request for commen
Whistleblower complaint delivered to Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: kevin breuninger
Keywords: news, cnbc, companies, comment, congress, trump, zelensky, intelligence, leaders, president, whistleblower, committee, complaint, delivered, capitol


Whistleblower complaint delivered to Congress

Runners jog near the U.S. Capitol in Washington, D.C.

A whistleblower’s complaint reportedly about a phone call between President Donald Trump and Ukraine President Volodymyr Zelensky was delivered to Congress on Wednesday.

The complaint was delivered by hand to a secure facility in the Capitol building, where multiple lawmakers, including Intelligence Committee leaders Sen. Richard Burr, R-N.C., and Rep. Adam Schiff, D-Calif., have viewed the materials.

Burr declined NBC News’ request for comment on the contents of the report.

Spokespersons for the House Intelligence Committee did not immediately respond to CNBC’s requests for comment about the complaint, which spurred Democratic leaders to support launching an impeachment inquiry this week against Trump.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: kevin breuninger
Keywords: news, cnbc, companies, comment, congress, trump, zelensky, intelligence, leaders, president, whistleblower, committee, complaint, delivered, capitol


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Three before you leave — What to watch for Thursday, including impeachment watch, Fed speakers

U.S. President Donald Trump speaks to the media at the United Nations (U.N.) General Assembly on September 24, 2019 in New York City. Markets are juggling the latest political turmoil of an official Democratic-lead impeachment inquiry into President Donald Trump, that could stall a potential trade deal with China and an already agreed-upon deal with Canada and Mexico. Director of National Intelligence Joseph Maguire is scheduled to testify to the House Intelligence Committee regarding the whistl


U.S. President Donald Trump speaks to the media at the United Nations (U.N.) General Assembly on September 24, 2019 in New York City. Markets are juggling the latest political turmoil of an official Democratic-lead impeachment inquiry into President Donald Trump, that could stall a potential trade deal with China and an already agreed-upon deal with Canada and Mexico. Director of National Intelligence Joseph Maguire is scheduled to testify to the House Intelligence Committee regarding the whistl
Three before you leave — What to watch for Thursday, including impeachment watch, Fed speakers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, maguire, impeachment, york, white, trump, zelensky, intelligence, house, fed, watch, leave, president, deal, donald, speakers, including


Three before you leave — What to watch for Thursday, including impeachment watch, Fed speakers

U.S. President Donald Trump speaks to the media at the United Nations (U.N.) General Assembly on September 24, 2019 in New York City.

Here are the most important things to know about Thursday before you hit the door.

Markets are juggling the latest political turmoil of an official Democratic-lead impeachment inquiry into President Donald Trump, that could stall a potential trade deal with China and an already agreed-upon deal with Canada and Mexico.

Director of National Intelligence Joseph Maguire is scheduled to testify to the House Intelligence Committee regarding the whistle blower complaint about Trump’s phone call with the Ukrainian President at 9:00 a.m. ET. Maguire threatened to resign if the White House forced him to stonewall when he testifies Thursday, the Washington Post reported but Maguire denied in a statement that he ever considered that.

Ukrainian President Volodymyr Zelensky said his conversation with Trump was normal and “nobody pushed” him, in a press conference on Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-09-25  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, maguire, impeachment, york, white, trump, zelensky, intelligence, house, fed, watch, leave, president, deal, donald, speakers, including


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