Qualcomm Technologies Inc signs non-binding MOU with 4 Chinese companies worth $2 billion

The agreement, spanning several years, covers areas of technology related to RF Front-End components. Qualcomm Technologies Inc stated it has signed memorandums of understanding (MOU) for sales worth at least $2 billion with Xiaomi Communications, Lenovo Group, Vivo Communication Technology and the Guangdong OPPO Mobile Telecommunications Corp. On Thursday, the U.S. chipmaker disclosed that the…

U.S. lawmakers asks Intel, AMD and ARM Holdings to scope out the recently disclosed major flaws in their chips

These questions by the U.S. lawmakers underscores the fact that the U.S. Congress is sensitive to these critical vulnerabilities which can be exploited by state backed hackers to gain access to virtually any modern computing device. A Democratic U.S. lawmaker has requested a briefing on the recently disclosed critical vulnerabilities, Meltdown and Spectre, that hackers…

China to invest $2.12 billion for Artificial Intelligence park in Beijing’s Mentougou district

China wants to attract talent in AI areas of biometric identification, cloud computing, big data and deep learning and wants to apply them in military technology in order to gain a leverage over the United States. China is pushing ahead to fulfill its ambition of becoming a world leader in Artificial Intelligence by 2025 and…

Cyber security researchers attribute string of recent cyberattacks on virtual currency exchanges on North Korea-backed hackers

With much of its exports to China being blocked by U.N sanction, an impoverished and increasingly cornered North Korea has taken the cyber route to enriching itself. With the recent surge in the price of bitcoins, cyber security experts opine the net worth of its stolen tokens amount to $82 million. With more international sanctions…

U.S. Justice Department uncovers bribes for oil contracts in Chad

Here is how how China Energy Fund Committee guided a Chinese oil and gas company to secure lucrative contracts in Chad. In a development that underscores the methods used to gain contracts, the U.S. has charged a man from Hong Kong as well as the former foreign minister from Senegalese for bribing high-level officials in…

Qualcomm invests undisclosed amount in Chinese AI startup SenseTime

Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…

China aiming to tap international market for its homemade passenger jets

On October 17, the U.S. and China signed an agreement that allows regulators on both side to certify design, production and air worthiness of its airplanes parts and passenger jets. On Thursday, China’s aviation safety regulator stated it has recently signed an agreement with the U.S. aimed at streamlining the certification of aircraft parts and…