Restricting TikTok is hardly the only effort being made by federal authorities to lessen the influence of foreign threats in sensitive areas of technology.
to sell the social media company so that the communists can’t control impressionistic U.S. teenagers with their propaganda. But it’s hardly the only effort being made by federal authorities to try to lessen the influence of foreign threats in sensitive areas of technology., for example, the U.S. government has worked with Microsoft for the tech giant to buy a minority stake in that country’s dominant artificial intelligence company, G42.
“This monumental and historic federal investment will power and propel Micron to bring its transformative $100+ billion four-fab project in central New York to life, creating an estimated 50,000 jobs,” Schumer said. “AI and cybersecurity are already integral to national defense systems and infrastructure, and governments must ensure that these technologies are secure from foreign interference and manipulation,” said Ted Miracco, CEO of Approov Mobile Security, a cybersecurity company based in Palo Alto, California. “Data and AI are also major drivers of economic growth and competitiveness, and governments recognize the need to foster a strong domestic AI industry and not fall behind on the global stage.
The federal government spends about $100 billion annually on “corporate welfare,” equivalent to $800 a household, according to the Cato Institute. Such subsidies and grants induce recipient companies to become bloated and inefficient, Chris Edwards, Kilts family chairman in fiscal studies at the Cato Institute, told the“The federal government’s role is to track threats, to warn about the Chinese, but not to actively intervene in markets,” he said.
“This growing trend is a more modern take on the tech and arms race the U.S. was dealing with the Soviet Union during the Cold War,” she said. “Unlike the Cold War, however, the U.S. is now dealing with a network of adversaries with far more significant technology capabilities than what it faced at the time.”
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