China raising the flag of U.S. protectionism after recent cross border corporate takeovers were scuttled over national security concerns. This comes after Alibaba's Ant Financial scrapped its acquisition of MoneyGram. Axios Media Reporter Sara Fischer explains what this means for the future of data security and technology.
"Media is becoming so technology and data focused so any business move to take over a company that would give a Chinese internet company data not only affects those companies in trade, but it affects media and technology," explains Fischer.
The Committee for Foreign Investments in the United States is now taking a closer look at investments Chinese companies and private equity firms are making in U.S. technology companies. Fischer explains CFIUS is concerned giving foreign interests so much access to data would be a national security problem.
Elon Musk claimed that artificial intelligence has the potential to cause 'civilization destruction.' The billionaire is currently planning to come out with an AI platform, TruthGPT.
Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 U.S. tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday.
Amazon has confirmed that its voice assistant service Alexa and cloud computing division Amazon Web Services (AWS) are back in business after a short outage over the weekend.
