Treasury Secretary Bessent says U.S. wants to help China change its economy
Treasury Secretary Scott Bessent said on Wednesday that China’s current economic model — built on “exporting its way out of economic troubles” — is unsustainable, and the U.S. wants to help it change.Read more... [...]
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The US Treasury Department says it was hacked in a China-linked cyberattack
Documents and workstations at the US Treasury Department were accessed during a cyberattack, The New York Times reports. The attack was linked to a "China state-sponsored Advanced Persistent Thr [...]
China-linked attack on US Treasury Department reportedly targeted its sanctions office
The US Treasury Department told lawmakers in a letter back in December that its documents and workstations were accessed by an external party in a security breach. It described the attack as "a m [...]
Kai-Fu Lee's brutal assessment: America is already losing the AI hardware war to China
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
Washington wants to sanction Chinese AI for ‘theft’. Nvidia’s Jensen Huang says that’s backwards.
On Tuesday, Treasury Secretary Scott Bessent went on television with a warning for China. On the same day, the chief executive of the company that powers the entire AI boom went the other way. The thr [...]
