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A Baidu Apollo Go robotaxi in Wuhan, China. | Image: Bloomberg via Getty Images China has suspended new licenses for autonomous vehicles, Bloomberg reports, citing unnamed people familiar with the matter. The move comes after dozens of robotaxis operated by Chinese tech giant Baidu ground to a halt in traffic last month in Wuhan, creating chaos. The restrictions will prevent companies from adding new driverless cars to their fleets, expanding into new cities, or starting new test projects. It is unclear when officials will start issuing new licenses again. Bloomberg said the Wuhan incident alarmed authorities in Beijing, prompting regulators to urge local governments to review the sector to prevent similar episodes. … Read the full story at The Verge.
Read full articleThe deal's temporary nature underscores ongoing geopolitical tensions, highlighting the fragility of global supply chains and economic dependencies. The post US government confirms rare earths deal with China remains in effect appeared first on Crypto Briefing.
The post US government confirms rare earths deal with China remains in effect appeared on BitcoinEthereumNews.com. A US official has confirmed that the rare earths trade agreement struck with China earlier this year is still in effect. The confirmation comes amid persistent market anxiety over whether the deal, which took months of brinkmanship to negotiate, would actually hold. How we got here China dominates global rare earth production and processing, controlling approximately 70% of global processing capacity. These 17 metallic elements are essential for manufacturing semiconductors, electric vehicle motors, wind turbines, and advanced military systems. China’s Announcement No. 61 of 2025 imposed what amounted to the strictest export controls on rare earths to date, with provisions set to take effect on December 1, 2025. The move was widely interpreted as a direct response to escalating US tariffs and represented a significant ratcheting up of economic pressure. A 90-day tariff tru
The post Hong Kong team builds AI porter for lunar south pole appeared on BitcoinEthereumNews.com. A team out of Hong Kong University of Science and Technology built a 100-kilogram rover with a humanoid torso and four wheels. It’s headed to the moon’s south pole in 2029 on China’s Chang’e-8 mission. The job is simple. Move gear. Once the Chang’e-8 probe lands, the rover hauls instruments and sensors to their spots, deploys them, and grabs surface samples. Hong Kong Space Robotics and Energy Center led the build, working with 30 universities and space groups across Hong Kong, mainland China, and a few international partners. “This will be a novel demonstration of humanoid robotics on the moon and by China. We are very proud of this design,” Gao Yang, the HKUST professor who runs the center, said on April 29. Chang’e-8 targets a different slice of the lunar south pole than Chang’e-7, which is supposed to land its own humanoid robot in the same general area. “We have heard that Chang’e-7
The post Trump to visit China for summit with Xi Jinping amid geopolitical tensions appeared on BitcoinEthereumNews.com. ## Market Snapshot Trump’s Visit to China market is priced at 0.1% YES for a May 9 visit, unchanged from 24 hours ago. The Trump Visit to China by May 31 market is currently priced at 95% YES, up from 94% a day earlier. ## Key Takeaways – White House announcement suggests increased certainty of Trump visiting China by May 31. – Market for a May 9 visit remains unaffected, consistent with a NO outcome. – Confirmation of Trump’s arrival aligns with expectations of heightened diplomatic discussions. ## Article Body The White House spokeswoman announced that President Donald Trump is scheduled to arrive in Beijing on Wednesday evening to engage in a two-day summit with Chinese President Xi Jinping. This marks Trump’s first visit to China in eight years and comes amid ongoing geopolitical tensions, including the unresolved Iran conflict and strained US-China relations ove
Trump's visit could reshape US-China relations, impacting global trade dynamics and geopolitical stability amid ongoing tensions. The post Trump to visit China for summit with Xi Jinping amid geopolitical tensions appeared first on Crypto Briefing.
Bloomberg reported Digital Asset Holdings is raising money at a $2B valuation in a round led by a16z Crypto, which comes less than a year after an earlier nine-figure round.
Trump's visit could ease economic tensions but risks remain in tech, Taiwan, and Iran, impacting global markets and geopolitical stability. The post Trump to visit China for summit with Xi on May 14-15 amid global tensions appeared first on Crypto Briefing.
Different strokes for different folks.
