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Biden signs order to block Chinese investment in US tech

  • U.S. President Joe Biden has signed an executive order that strengthens a regulatory committee’s powers to oversee foreign investments in the U.S.
  • The Committee on Foreign Investment in the United States (CFIUS), which was established in 1975, is now tasked with expanding its areas of review and ensuring its responsiveness to “evolving national security threats.”
  • The order directs CFIUS to review the sectors of microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean energy and climate adaptation technologies, which all happen to be areas of focus in China’s “Made in China 2025” plan.
  • It also instructs the committee to review cybersecurity risks posed by foreign investments that may threaten national security.
  • The order marks the first time since the establishment of CFIUS that a president has laid out risks that the committee must consider across transactions.

U.S. President Joe Biden signed an executive order on Thursday that fortifies a regulatory committee’s powers to screen foreign investments in the U.S., many of which included Chinese shares in tech in recent years.

The Committee on Foreign Investment in the United States (CFIUS), which was established in 1975 under the Ford administration, is now tasked with expanding its areas of review, as well as regularly evaluating its processes, practices and regulations to ensure that they “remain responsive to evolving national security threats.”

Chinese inventor builds 27,000,000mAH power bank capable of charging 5,000 smartphones

power bank
  • Handy Geng, an inventor and YouTuber, created the world’s largest power bank with a capacity equaling approximately 900 power banks.
  • The mega power bank contains a 27,000,000-mAh battery and includes up to 60 charging ports.
  • A video showing how he made the power bank has garnered over 387,000 views since being uploaded on Jan. 29.

Chinese inventor and YouTuber Handy Geng created the world’s largest power bank with the capacity to charge 5,000 phones. 

Geng uploaded a video documenting how he made a 27,000,000-mAh portable charger to his official YouTube channel on Jan. 29. 

Elon Musk opens Tesla showroom in China’s Xinjiang Uyghur Autonomous Region

Elon Musk Xinjiang showroom
  • Tesla opened a store in Xinjiang, a region in China accused of crimes against humanity.
  • The announcement came after President Biden’s bill was passed prohibiting imports from the Xinjiang region due to concerns surrounding forced labor.
  • The Tesla store offers both sales and delivery services.

Elon Musk’s Tesla company opened its first showroom in the capital of ​​China’s Xinjiang region despite allegations that it is a site of genocide targeting Uyghur populations.

While the electric vehicle company already has 27 stores in mainland China, Tesla announced its most highly criticized and latest store in the Ürümqi’s Uyghur Autonomous Region on Weibo on Dec. 31.

China develops AI ‘prosecutor’ that can charge citizens with crimes with ‘97% accuracy’

chinese court

China has developed an artificial intelligence capable of charging people with more than 97% accuracy, replacing prosecutors “to a certain extent,” according to its researchers.

How it works: The machine, built and tested by the Shanghai Pudong People’s Procuratorate — China’s largest district prosecution office — can file a charge based only on verbal description, according to the South China Morning Post. The program runs on a desktop computer.

Video shows safety driver of WeRide test car asleep behind the wheel

WeRide driver

Last month, a safety driver behind the wheel of a WeRide test robocar was captured on film apparently asleep while traveling on highway 85 in San Jose, Calif. 

Robo-autonomy in the open road: WeRide, a Chinese autonomous driving company based in Guangzhou and California, received a driverless permit to test two passenger vehicles on California’s public roads in April, reported Reuters.

This $700-million nuclear superyacht costs $1 million to travel on and is meant to save the planet

ship is bigger than the titanic

A Singapore-based entrepreneur wants to take scientists, students and billionaires aboard an ambitious nuclear-powered megayacht for a research tour around the world’s oceans. 

Thinking ship: Gibraltarian businessman Aaron Olivera has set out to build the “Earth 300,” a 984-foot (300 meters) research vessel that will bring together the world’s wealthiest people and smartest scientists to help find solutions to the most pressing environmental problems, reported CNN.

Chinese tech company unveils ‘Little White Dragon’ pony robot that kids can ride

Xpeng Motors unveils robotic unicorn

On Tuesday, Chinese electric vehicle (EV) manufacturer Xpeng Motors unveiled its first smart vehicle, a four-legged robot pony that children can ride called the “Little White Dragon.” 

Children’s toy: Designed by Xpeng Robotics, the Little White Dragon pony is equipped with power modules, motion control, obstacle detection, face and voice recognition and the ability to express emotions through its front face screen, Seeking Alpha reported.

Malaysian students invent device that makes ocean water drinkable for ‘sea nomads’

James Dyson Award where Malaysian students will compete

An invention that could provide clean drinking water to “sea nomads” — communities living near the ocean — has earned three Malaysian students a spot to compete at the James Dyson Awards, an annual competition that recognizes young design engineers with inventive solutions to real-world problems.

Malaysia’s best: Asia Pacific University of Technology & Innovation (APU) sophomores Bennie Beh Hue May, Loo Xin Yang and Yap Chun Yoon won the top prize of 10,000 Malaysian Ringgit ($2,400) in Malaysia’s search for its official entry to the international design competition, MalayMail reported.

Asian American Founders Launch FAM App to Take on Clubhouse

Editor’s Note: This post was made in partnership with FAM. The app is available to be downloaded from the App Store and Google Play.

A new audio-focused social platform founded by Asian American entrepreneurs is hoping to attract more users with its promise of inclusivity and focus on culture and education.

FAM app, which recently launched on iOS and Android, is directly taking on Clubhouse — a similar product that made headlines after spikes in users earlier this year.