Chinese multinational electronics company Xiaomi along with eight other Chinese firms has been put on an investment blacklist by the U.S. Department of Defense.
This move prevents American investors from investing in these companies.
As per Mashable, the U.S. government alleges that the nine banned Chinese companies have ties to or are controlled by the Chinese military.
In addition to Xiaomi, the list also includes Comac, a plane maker that planned on setting up a factory in the U.S. to compete against Boeing and Airbus.
Since the time of this move, Xiaomi's shares have plunged by 11% on January 15 morning.
Xiaomi is China's second-largest and the world's third-biggest smartphone maker.
As per Mashable, Qualcomm Ventures, the venture capital arm of Qualcomm, has invested in Xiaomi.
White House Issues New Rules , on How Government Can Use AI.
White House Issues New Rules , on How Government Can Use AI.
The policy was released by the White House on March 28, 'The Hill' reports. .
It is intended to reduce AI risks
within the government.
According to a White House memo, federal agencies must now appoint a chief AI officer, add safeguards and issue reports about how AI is being used. .
Those reports will also be made public, according to 'The Hill.'.
However, some AI uses, such as those
employed by the Department of Defense, do not require reports because they would be "inconsistent with applicable law and government policy.".
Agencies will have 60 days
to appoint a chief AI officer.
Safeguards to protect Americans' rights and safety must be implemented by December.
Vice President Kamala Harris
weighed in on the development.
I believe that all leaders
from governments, civil society
and the private sector have a
moral, ethical and societal duty... , Vice President Kamala Harris, via call with reporters.
... to make sure that artificial
intelligence is adopted and advanced
in a way that protects the public from
potential harm, while ensuring everyone
is able to enjoy its full benefits, Vice President Kamala Harris, via call with reporters
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History:, US Withdraws From Vietnam.
March 29, 1973.
After eight years of an extremely
unpopular war with North Vietnam,
the last U.S. combat troops left South Vietnam.
Peace talks between the U.S. and communist
North Vietnam had begun in 1968, culminating with
a peace agreement signed in January of 1973.
Provision of the agreement included a
ceasefire throughout Vietnam, the withdrawal
of American troops and the release of POWs.
7,000 U.S. Defense Department civilians
remained in Saigon to assist the South in their
continued efforts against the North.
The remaining U.S. civilians would be airlifted out
of Saigon a year later when the city fell to the North.
58,000 American and an estimated
2 million Vietnamese lives
were lost in the war
Credit: Wibbitz Top Stories Duration: 01:00Published
Crisis in Haiti , Could Drive Another Wave of , Illegal Immigration in the US.
'Newsweek' reports that the United States
could be facing another wave of illegal
immigration driven by refugees fleeing Haiti.
On March 11, President Ariel Henry said
he would resign amid widespread gang
violence and a breakdown of law and order.
An estimated 80% of Port-au-Prince,
the Haitian capital, are under
the control of armed gangs.
An estimated 80% of Port-au-Prince,
the Haitian capital, are under
the control of armed gangs.
We are alert to that possibility.
The driving conditions in Haiti
could very well press
more people [to migrate], Rebecca Zimmerman, Department of Defense official,
via 'Newsweek'.
Thomas Gift, the head of the Centre on U.S. Politics
at University College London, warned that
a deepening immigration crisis would pose
a serious challenge for the Biden administration.
Fair or unfair, anything that
highlights the immigration
crisis is a net negative
for Biden at the moment, Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
To the extent that the tragedy
in Haiti puts a new refugee story
in the headlines, it will only make
the immigration issue more
salient for American voters. , Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
At the same time, Biden's
hands will no doubt be tied
by progressive groups who
will insist that the White House
not repatriate refugees back to
Haiti given the huge political
instability in the country, Thomas Gift, the head of the Centre on U.S. Politics
at University College London, via 'Newsweek'.
According to a Monmouth University survey,
84% of voters in the U.S. consider illegal
immigration a "serious" or "very serious" issue.
In 2021, Florida Governor Ron DeSantis declared
a state of emergency after hundreds of
migrants from Haiti and Cuba arrived by boat.
An estimated 146,000 Haitian migrants
were encountered at the U.S. border
between October 2020 and May 2023
Credit: Wibbitz Top Stories Duration: 01:31Published
Southwest Drops Service to 4 Airports , Amid Boeing Problems.
On April 24, Boeing announced that it will keep production levels lower so that it can focus on the quality and safety of its planes.
The announcement comes after the company has experienced backlash over safety issues, .
such as the incident on Jan. 5 in which a door plug flew off of an Alaska Airlines plane. .
On April 25, Southwest Airlines said that
Boeing delivery delays have caused the company
to stop serving four airports, CNN reports. .
The recent news from Boeing
regarding further aircraft delivery
delays presents significant
challenges for both 2024 and 2025, Southwest CEO Bob Jordan, via statement.
We are reacting and replanning
quickly to mitigate the operational
and financial impacts. , Southwest CEO Bob Jordan, via statement.
Consequently, we have made the
difficult decision to close our
operations [at the four airports], Southwest CEO Bob Jordan, via statement.
The four airports that will be affected are
Bellingham International Airport,
Cozumel International Airport.
Syracuse Hancock International Airport and George Bush Intercontinental Airport.
Southwest also revealed that it
lost $218 million in Q1 2024.
However, revenue was at $6.3 billion,
an 11% increase from last year.
The revenue increase came from an
uptick in passenger traffic, CNN reports.
Southwest shares dipped 7% in
premarket trading on April 25
Credit: Wibbitz Top Stories Duration: 01:31Published
Boeing's string of bad luck seems never-ending ... the aircraft company recently had another mishap as one of its jets had to make an emergency landing in South.. TMZ.com
Once known as Queen of skies, Air India Boeing 747s on Monday flew out of Mumbai's international airport. The aircraft which once ferried Presidents,.. IndiaTimes
Southwest Flight From Denver , Loses Engine Cover.
On April 7, a Boeing 737-800 plane in use by Southwest Airlines lost an engine cover which hit the wing flap, the Federal Aviation Administration said. .
According to air traffic control audio, a pilot said
that "several passengers and flight attendants
heard something loud hit the wing.".
After determining the issue,
the plane safely returned to Denver,
and Southwest issued an apology. .
We apologize for the inconvenience
of their delay but place our highest
priority on ultimate Safety for our
Customers and Employees, Southwest Airlines, via statement.
There were no reports of injuries. .
According to FAA records, the plane was last certified to be airworthy in May of 2015.
The agency will investigate the incident. .
Boeing refused to comment and instead pointed to Southwest for details "about
plane and fleet operations," CNN reports. .
The incident is just the latest in a
series of mechanical issues Boeing has
experienced over the last several months.
Credit: Wibbitz Top Stories Duration: 01:30Published
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