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December 14, 2025
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March 29, 2024

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U.S. updates export curbs on AI chips and tools to China

The Cheap Investor2 years ago2 years ago01 mins

WASHINGTON (Reuters) -The Biden administration on Friday revised rules aimed at making it harder for China to access U.S. artificial intelligence (AI) chips and chipmaking tools, part of an effort to hobble Beijing’s chipmaking industry over national security concerns. The rules, released in October, seek to halt shipments to China of more advanced AI chips…

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US Congress bans staff use of Microsoft’s AI Copilot, Axios reports

The Cheap Investor2 years ago2 years ago02 mins

(Reuters) -The U.S. House of Representatives has set a strict ban on congressional staffers’ use of Microsoft’s Copilot generative AI assistant, Axios reported on Friday. “The Microsoft Copilot application has been deemed by the Office of Cybersecurity to be a risk to users due to the threat of leaking House data to non-House approved cloud…

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Chile’s Codelco posts 2023 profit dip as production falls

The Cheap Investor2 years ago2 years ago02 mins

SANTIAGO (Reuters) -Chilean copper giant Codelco reported gross profit of $3.12 billion for 2023, the state-owned producer said in a filing on Thursday, a 34% dip from a year earlier after the state firm faced operational and production challenges. Codelco, the world’s top copper miner, posted production of 1.325 million metric tons for the year…

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