Team Biden To Restrict China's Access to US Cloud Services: WSJ
Portfolio Pulse from Benzinga Newsbot
The Biden administration is planning to limit the access of Chinese companies to U.S. cloud-computing services, which would require U.S. cloud-service providers like Amazon and Microsoft to obtain government approval before offering cloud-computing services that utilize advanced AI chips to Chinese customers. This move is seen as a strategy to close a loophole that allows Chinese AI companies to circumvent current export controls by using cloud services.
July 05, 2023 | 11:12 am
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Amazon may need to obtain government approval to offer cloud services to Chinese customers.
The proposed regulation would require Amazon to obtain government approval before offering cloud services to Chinese customers, potentially impacting its business operations and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Microsoft may need to obtain government approval to offer cloud services to Chinese customers.
The proposed regulation would require Microsoft to obtain government approval before offering cloud services to Chinese customers, potentially impacting its business operations and revenues.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's A100 chips, used in cloud services, could be affected by the proposed regulation.
The proposed regulation could impact the use of Nvidia's A100 chips in cloud services offered to Chinese customers, potentially affecting its sales and revenues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70