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US Senate passes tech & manufacturing bill that takes on China

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Biden

The US Senate has passed a bipartisan tech and manufacturing bill that will take on China

The legislation, intended to boost the county’s ability to compete with Chinese tech was passed on Tuesday. The Senate voted 68-32 to approve the sweeping package of legislation.

The measure authorises approximately $190 billion for provisions to strengthen US technology and research.

The legislation would also separately approve spending $54 billion to increase manufacturing and research into semiconductor chips and telecommunication equiptment.

The next stages

The bill must now pass the House of Representatives in order to be sent to the White House for Biden to sign into law.

Currently, it is not clear what legislation in the House will look like or when it might take it up.

The bill has a number of other China-related provisions including prohibiting the social media app TikTok from being downloaded on government devices and would block the purchase of drones manufactured and sold by companies backed by the Chinese government.

It would also allow diplomats and Taiwanese military to display their flag and wear their uniforms while in the United States on official businesses.

Senate Majority Leader Chuck Schumer, warned of the consequences of not funding research to keep up with China.

“If we do nothing, our days as the dominant superpower may be ending. We don’t mean to let those days end on our watch. We don’t mean to see America become a middling nation in this century,”

President’s Response:

President Joe Biden also praised the bill: “

We are in a competition to win the 21st century, and the starting gun has gone off … We cannot risk falling behind.”

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AWS outage sparks business reputation risks

AWS outage underscores risks of single tech reliance; Darren Woolley offers strategies for brands to mitigate potential damage.

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AWS outage underscores risks of single tech reliance; Darren Woolley offers strategies for brands to mitigate potential damage.


A major Amazon Web Services outage highlights the dangers of relying on a single tech partner, with brands facing potential repetitional damage.

Darren Woolley from TrinityP3 discusses strategies to mitigate such risks.

#AWS #CloudComputing #TechOutage #BusinessRisk #TrinityP3 #BrandReputation #TechDependency #CloudStrategy


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Bitcoin’s weakness sparks market warning

Bitcoin’s stagnation amid asset rallies signals potential deeper issues in speculative markets, hinting at tougher times ahead.

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Bitcoin’s stagnation amid asset rallies signals potential deeper issues in speculative markets, hinting at tougher times ahead.


Bitcoin’s failure to rebound while other assets rally could signal deeper cracks in speculative markets.

Analysts warn it may foreshadow tougher times ahead.

#Bitcoin #Crypto #Markets #DavidScutt #StoneX #Investing #Fed #Inflation #Stocks #MarketWarning


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OpenAI launches Atlas to rival Google

OpenAI launches Atlas, an AI browser aimed to revolutionize online search and user interaction, challenging Google.

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OpenAI launches Atlas, an AI browser aimed to revolutionize online search and user interaction, challenging Google.


OpenAI has unveiled Atlas, an AI-powered browser built to challenge Google and reinvent how users search and interact online.

The launch marks a major shift in the future of web browsing.

#OpenAI #Atlas #AI #Technology #BradGastwirth #CircularTechnology #Google #SamAltman #ChatGPT #Innovation #TechNews


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