How China Is Girding for an AI Battle With the U.S.
Washington has been trying to slow China's AI progress through export controls and other restrictions that limit Chinese access to U.S. capital, talent and advanced U.S. technologies. To an extent, those restrictions have worked. But China is fighting back with expanding efforts to become more self-sufficient in AI—a push that could ultimately make it less vulnerable to U.S. pressure if it succeeds.
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Newsweek
a few seconds ago
- Newsweek
New Chinese Warship Debuts in Contested Waters
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Chinese military received a boost in its island-landing capabilities as a new warship capable of projecting power from sea to shore was officially unveiled during a training exercise in the South China Sea, coinciding with the 98th anniversary of its founding. Newsweek reached out to the Chinese Defense Ministry for further comment via email. Why It Matters China operates the world's largest navy by hull count, with over 370 ships and submarines, including amphibious vessels designed to carry helicopters and ground units for landing campaigns—assets well-suited for deployment in the South China Sea and the Taiwan Strait. In the South China Sea, China's sweeping claims of sovereignty overlap with those of other regional countries, including the Philippines, a treaty ally of the United States. Meanwhile, Beijing has threatened to take Taiwan—a self-governed, democratic island—by force. The debut of the new Chinese amphibious warship follows the U.S. Navy's deployment of a similar vessel, the USS Tripoli, from the West Coast to Japan in June, ensuring that some of the Pentagon's most capable ships are positioned to respond to any contingency near China. What To Know On August 1, the anniversary of the founding of the People's Liberation Army (PLA), the Chinese military announced that its fourth Type 075 amphibious assault ship, CNS Hubei, recently made its debut during a training exercise in the South China Sea. The Hubei, named after the province in central China and bearing hull number 34, joins its three sister ships in service with the fast-growing East Asian power's naval force: CNS Hainan, CNS Guangxi, and CNS Anhui with hull numbers 31, 32, and 33, respectively. According to China Central Television, the Hubei and the Hainan formed a naval task group alongside four other vessels for training exercises in the South China Sea in recent days. The domestically built 40,000-ton Type 075 amphibious warship is capable of supporting simultaneous helicopter takeoffs and landings, while carrying air-cushioned landing craft, tanks, and armored vehicles in its loading compartment, according to the report. Serving as a large amphibious combat platform, the Type 075 vessel possesses "strong combat capabilities" and "excellent air and sea control capabilities," the report said. In addition to the four Type 075 amphibious assault ships, China launched its first advanced Type 076 amphibious assault ship, CNS Sichuan, last December. The ship is equipped with a catapult system, similar to that of an aircraft carrier, for launching fixed-wing aircraft. The Chinese Type 075 amphibious assault ship CNS Hubei participates in a training exercise in the South China Sea on August 1, 2025 The Chinese Type 075 amphibious assault ship CNS Hubei participates in a training exercise in the South China Sea on August 1, 2025 Chinese military What People Are Saying The U.S. Defense Department, in a report on Chinese military power: "The [PLA Navy]'s expanding fleet of large modern amphibious warships enable it to conduct a wide range of expeditionary operations wherever [People's Republic of China] interests are threatened or in support of [People's Republic of China] participation in internationally sanctioned operations." Chinese military affairs expert Song Zhongping told China's Global Times on Friday: "Having four Type 075 amphibious assault ships shows the increasing amphibious combat capabilities of the PLA Navy, which is determined by the demands on defending national sovereignty and territorial integrity, as well as safeguarding national security." What Happens Next It remains to be seen whether China will construct additional Type 075 amphibious assault ships or shift its focus to building the more advanced Type 076 amphibious assault ship.
CNBC
30 minutes ago
- CNBC
Stocks making the biggest moves premarket: Amazon, Coinbase, Reddit, Apple and more
Check out the companies making headlines before the bell. Apple — The tech giant's shares rose more than 1% premarket after it said iPhone sales grew 13% year over year and total revenue grew 10%, marking Apple's fastest quarterly revenue growth since December 2021. CEO Tim Cook said Apple would "significantly grow" its AI investments, adding that it's "open to M & A that accelerates our roadmap." Amazon — Shares slumped more than 8% after the dominant online retailer issued a disappointing forecast. Amazon said it anticipates current quarter operating income to range from $15.5 billion to $20.5 billion. Analysts polled by StreetAccount had estimated $19.48 billion. Moderna — Shares fell more than 7% after the vaccine maker lowered the high end of its full-year revenue guidance by $300 million, to $1.5 billion to $2.2 billion from prior guidance of $1.5 billion to $2.5 billion. Moderna beat second quarter estimates for earnings and revenue. Reddit — The social media platform soared 14% after beating second-quarter earnings expectations. Reddit earned 45 cents per share on revenue of $500 million, while analysts polled by LSEG estimated 19 cents per share on $426 million. Third-quarter guidance calls for $535 million to $545 million in revenue, above the FactSet consensus estimate of $473.3 million. Boot Barn — The retailer of Western wear and cowboy boots climbed 7% after exceeding fiscal first quarter earnings and revenue estimates. Boot Barn earned $1.74 per share, more than the FactSet consensus estimate of $1.55. Revenue of $504.1 million topped the expected $495.2 million. DXC Technology — Shares rose 2% after the information technology services provider posted fiscal first quarter earnings and revenue that topped expectations. DXC earned 68 cents per share on revenue of $3.16 billion, while analysts polled by FactSet expected earnings of 62 cents per share on revenue of $3.08 billion. First Solar — The photovoltaic solar technology manufacturer rose almost 3% after its latest earnings and revenue beat the Street's forecasts. First Solar reported earnings of $3.18 per share, more than the $2.65 per share expected from analysts polled by LSEG; revenue of $1.1 billion also topped the $1.03 billion forecast. Clorox — Shares gained 1% after the consumer products maker's latest earnings. Clorox reported adjusted earnings of $2.87 per share on $1.99 billion in revenue. Analysts polled by LSEG expected earnings of $2.21 per share on $1.94 billion in revenue. Monolithic Power Systems — Shares fell 2.8% even after the maker of integrated power products for semiconductors posted second-quarter profit and revenue that topped estimates, and issued third-quarter sales guidance of $710 million to $730 million that was far above the FactSet's StreetAccount consensus estimate. Topgolf Callaway Brands — The maker of golf sporting goods fell more than 2% after CEO Artie Starrs resigned. Starrs is expected to remain with Topgolf through September 2025. Stryker — Shares fell more than 4% after the medical device maker reported disappointing second-quarter profit and revenue. Stryker also estimated a $175 million hit from higher tariffs on goods from China and Europe. Columbia Sportswear Company — The apparel maker tumbled almost 10% after forward financial guidance missed analyst expectations. For the third quarter, Columbia Sportswear expects earnings to come in between $1.00 and $1.20 per share on revenue between $904 million and $922 million, while analysts polled by FactSet had penciled in $1.31 per share on $936.5 million in revenue. The midpoint of the company's full-year outlook also came up short. Coinbase Global — The crypto trading platform dropped 9% after second-quarter revenue missed expectations, landing at $1.50 billion compared to the LSEG consensus of $1.60 billion. Retail trading volume came in at $43 billion, less than the $48.05 billion estimate from analysts polled by StreetAccount. Eastman Chemical Co. — The Kingsport, Tenn.-based chemical maker slid more than 13% after second quarter earnings of $1.60 per share missed the FactSet consensus estimate of $1.73 per share. Revenue of $2.29 billion was also below the anticipated $2.30 billion. — CNBC's Sean Conlon and Yun Li contributed reporting.
Yahoo
33 minutes ago
- Yahoo
The world's 'most EV-friendly' country has a surprising secret — here's what the US could learn from it
Norway is, perhaps inarguably, the most electric vehicle-friendly country in the world. In 2024, almost 90% of all new cars sold were EVs, according to Reuters, a figure that has been rapidly increasing since the late 2010s. Earlier this summer, I visited the rugged, Northern European nation with my fiancée — not because of its EVs, but because it has an unbelievably pretty cross-country train ride — and was, frankly, shocked by what I saw. I had never been to a country where there are more electric cars than standard gas ones (in fact, Norway may be the only place in the world like this, although China is on its way), and couldn't help but imagine how something like this would look in the U.S. For Americans, this kind of transition is far off at best, and even if that did happen someday, it would look completely different here — even putting driving trends and government policies aside, our population is over 60 times bigger than Norway's. But for anyone who loves EVs, there are still plenty of things to learn from it: 1. Chinese models are everywhere Last year, Chinese EV brands accounted for nearly 10% of new car sales in Norway, and that fact was deeply apparent when walking around Oslo, the capital. The logos of brands like BYD, MG, and NIO could be found on cars and SUVs everywhere, which makes sense, since many of these EVs are extremely affordable. And things are only getting cheaper, with BYD sending its $10,000 Seagull model to Europe this year (under a different name). This is a massive difference from the U.S., where tariffs and other regulations have made Chinese EVs basically nonexistent. In Norway, it's too early to know if a major American concern — that these cheap EVs will push other brands out of the market — will come true, although it is true that Norwegian interest in Chinese vehicles has shown no signs of slowing down. 2. Even the heavy-duty vehicles are electric Last year, only about 0.5% of America's new heavy-duty vehicles were zero-tailpipe-pollution vehicles. Meanwhile, in Norway, over 12% of trucks and nearly 30% of vans were electric, a trend that represents the country's goal of having all new heavy-duty vehicles run on electricity or clean fuel by 2030. This feels like a small difference, but considering the massively outsized amount of pollution per vehicle created by heavy-duty vehicles compared to regular cars, it goes a long way in reducing the amount of toxic and planet-warming gases a country creates each year. 3. E-scooters are not a problem In the U.S., e-scooters are often the scourge of many cities, with safety concerns, bad parking jobs, dangerous rider behavior, and more turning people against the vehicles, which are usually run by companies like Uber, Lyft, and Bird. Scooters were similarly everywhere in Norway, but they somehow seemed less obnoxious, probably due to designated lanes that only scooters, e-bikes, and bicycles can drive in. The fact that these lanes are a third option — separate from both pedestrians and cars — means they clog up less traffic and, in theory at least, present fewer safety risks. Legally, e-scooters are treated almost exactly like bicycles, with strict laws about passengers, age limits, helmets, parking, and more. The result is a rideshare system that works hand-in-hand with — rather than in contrast to — other transit options like buses, bikes, and streetcars. 4. Tesla still reigns supreme Just like in the U.S., plenty of Europeans are tired of Tesla, and yet they were unavoidable in Norway. The Tesla Model Y has long been the most popular EV model in Norway (as it still is in the U.S., by the way), and after a mini-slump, its sales have started to bounce back following the model's latest refresh. Interestingly, many other European countries haven't jumped back on board with Tesla, so why is the world's most EV-friendly country going against the grain? It's hard to say for sure, but it's possible that in a country where electric vehicles are totally ubiquitous, people are less concerned about outside factors when shopping for a car. 5. VW's awesome electric van is getting its time in the sun When it's summer in southern Norway, the sun only sets for a few hours each night, so there was plenty of time to notice that Volkswagen's retro-futuristic electric van, the ID. Buzz, was out and about in Oslo. The colorful, spacious EVs were out in the streets (even being used as work vans in some cases), which is a big difference from the U.S., where the model was launched with a lot of excitement but has so far been marred by modest sales and a brief model recall. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet. Solve the daily Crossword
