Prevent capital from some investing in high tech sector investing in high tech sector in china such as Quantum Computing, Artificial Intelligence and advanced semiconductors. The goal is to stop the speed up of technology that could help china develop weapons for use against america in a military context. We put also require firms to make arrangements to report activities. Potentially laying the ground for more restrictions down the road. The regulations are not expected to take effect right away and there will be a period so businesses can weigh in on the proposal. China is the worlds second biggest economy, a vital market for American Companies and the concern expressed by some us executives may explain why this order has not been released until now even though expected back in february. A senior official described the move as targeted saying this is our National Security action not an economic one and adding the us is not decoupling our economy. The move is likely to upset beijing w
Of the wildfires. Officials said it is still difficult to determine the true extent of the damage on maui, and have warned the death toll may rise. Some of the people caught up players we just had the worst disaster i have ever seen. Its burnt to a crisp. Its like an apocalypse. Woke up this morning and got on our Phones Temperatures of our house down to the slab, nothing but smoke. The winds picked up, i everything flew away, our Apartment Complex is right above the aquatic centre. We thought we were 0k| but then the wind came, gas station blue up, everything caught fire by the brush and we had to evacuate. 0ur weather presenter ben rich has been looking into the Weather Conditions that have contributed to the fires in hawaii. Rarely causes board size but it can bring provisions that make them lightly and the weather on its own rarely causes wildfires, but it can bring conditions that make them more likely and help to fan the flames, which is exactly whats happened in hawaii. Its been
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Washington, d. C. Im fredricka whitfield. We begin this morning with the apocalyptic destruction in hawaii, the deadliest National Disaster in state history. At least 80 people are dead. And thousands more displaced from the wildfires. And now, rescue crews are bringing in cadaver dogs to help search what is left of burned buildings. Devastation from the lahaina fire, costing an estimated 5. 5 billion am in mountainy county. One lawmaker tells cnn the statement unestimated the possibility of wildfires and failed to plan for emergency issues with the government alert center. The governor has looked at a comprehensive review of the states response all of this developing as we are seeing more videos of harrowing escapes. We got to walk somewhere. Over there. By the beach. [ bleep ]. No, no, no not like this. Not like this. No. [ bleep ]. Oh, my gosh. I mean that family did eventually make it to an evacuation shelter, after taking refuge on rocks, by the ocean. Lets go now to cnns mike val
Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I