Biden Orders Probe Into Foreign Car Parts
President Biden has ordered the Commerce Department to open an investigation into foreign-made software in cars, citing Chinese technology as a potential US national security risk. While currently, few cars sold in the US are made in China and most have software developed by Western firms, the investigation aims to assess the potential risks associated with Chinese car companies expanding globally.
The investigation could lead to restrictions on the use of certain parts in cars in the US. This move comes amidst a backdrop of increasing scrutiny over foreign technology and its implications for national security.
AI Robot Startup Figure Secures $675 Million Funding
In other tech news, AI robot startup Figure has announced receiving a substantial $675 million in funding from investors, including major players like Nvidia and Microsoft. The startup, valued at $2.6 billion, is focusing on AI-powered humanoid robots that can perform tasks traditionally done by humans.
The investment is seen as a significant boost to Figure’s efforts in developing new AI models for their robots, with collaborations with OpenAI to enhance their capabilities.
Canada Expands Probe Into Google’s Practices
Canada’s antitrust watchdog has expanded its probe into Google’s online advertising practices. The Competition Bureau’s investigation, which began in 2020, initially focused on whether Google was impeding the success of competitors.
The probe has now widened to examine whether Google is leveraging its market power across display advertising technology services to engage in predatory pricing. This development underscores the ongoing scrutiny faced by tech giants over their market practices.
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