Jeffey A. Newman
Amazon is now worth over $2 trillion and it is advancing swiftly in the arena of quantum computing. Amazon's Web Services Center for quantuim Computing is located at the California Institute of TEchnology in Pasadena California. The new semiconductor chip the Ocelot quantum processor is deigned...
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Microsoft President says U.S. can’t afford falling behind China in quantum computers and that China may be catching up
Tech
Microsoft President Brad Smith is worried that the U.S. may be falling behind China in the race for a functioning stable quantum computer and that the administration should prioritize funding for quantum research.
According to press reports, Smith...
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New lawsuit alleges GM falsely advertises ACDelco auto parts as made in the USA when they are actually made in China
GM is facing a new class action lawsuit alleging that the automaker falsely advertises ACDelco auto parts as made in the United States, when in fact the parts are actually manufactured in China. A report from Top Class Actions says the lawsuit was filed by plaintiff Norman Husar...
Two former Credit Suisse employees turned whistleblowers to share $150 million award
A Credit Suisse unit agreed this week to pay $511 million for not meeting the terms of a 2014 settlement with U.S. authorities
Jeffrey A. Newman Esq.
Two former bank employees of Credit Suisse stand to make up to $150 million for telling U.S....
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Nvidia building Boston based Accelerated Quantum Research Center merging quantum computers applications into AI problem resolutions
Nvidia has announced plans for a new, Boston-based Nvidia Accelerated Quantum Research Center or NVAQC, designed to integrate quantum hardware with AI supercomputers. The Center will begin operations later this year, and will focus on accelerating the transition from experimental to practical quantum computing.
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Will America’s cuts in medicine, physics and computing grants catch China up to us in AI and quantum computing?
By Jeffrey A. Newman Esq.
At the same time that the Administration is cutting grants for science medicine and quantum computing , the Chinese Communist Party (CCP) has announced a significant increase in science and technology expenditures. While announcing China’s annual budget, Chinese premier Li Qiang unveiled a...
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UBS pays $511 Million to settle Credit Suisse U.S. tax case
UBS Group has agreed to pay $511 million to settle a U.S. probe into violations by Credit Suisse of an agreement with the Justice Department over American clients who evaded taxes by screting their funds in the bank in Switzerland.Credit Suisse Services AG pleaded...
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Charles Lieber former Chair of Chemistry at Harvard who was convicted of lying on his ties to China, accepts faculty position at Tsinghua University China
Charles Lieber is the the former Chair of Harvard’s chemistry department and renowned nanoscientist. In 2021, he was convicted of lying to federal agents about his ties to China. According to the Boston Globe it was recently announced that he has...
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Should the U.S. allow China’s BYD and other EV makers to sell cars here as long as they make the cars here in joint venture with U.S. car makers ?
By Jeffrey A. Newman Esq. JeffNewmanlaw.com
BYD, China's top electric car maker does not manufacture or sell its electric cars in the United States, although BYD has operated here for over a decade, making and selling electric buses, trucks and fleet vehicles. BYD is sold over 4.27 million vehicles...
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What China’s fully automated 24/7 robotic ‘dark factories’ mean for the future of China and the U.S. regarding lost jobs
By Jeffrey A. Newman Esq. JeffNewmanLaw.com
China is expanding its "dark factories", completely automated facilities that operate only by robotics and without human workers. Powered by artificial intelligence and davnced sensors, these manufacturing plants are dark because the machines do every task including assembly, inspection and logistics and there...
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