logo
Beijing Rejects U.S. Accusations of Violating Tariff Reduction Agreement - Jordan News

Beijing Rejects U.S. Accusations of Violating Tariff Reduction Agreement - Jordan News

Jordan News02-06-2025
China on Monday rejected U.S. accusations that it had violated a tariff reduction agreement reached between the world's two largest economies.
Last month, Beijing and Washington agreed to a temporary and mutual reduction of tariffs burdening both sides for a period of 90 days, following high-level talks held in Geneva. اضافة اعلان However, U.S. Commerce Secretary Howard Lutnick told Fox News Sunday that Beijing was "delaying the implementation of the agreement." In response on Monday, Beijing stated that Washington had "made false accusations and unreasonably blamed China for violating the agreement, which seriously contradicts the facts." In a statement, China's Ministry of Commerce said it "strongly rejects these groundless accusations." Last week, U.S. President Donald Trump also accused China of having "completely violated the agreement," though he did not provide specific details. The Chinese Ministry of Commerce maintained that it is "firm in protecting its rights and interests and sincere in implementing the agreement." It further noted that Washington has "repeatedly imposed discriminatory and restrictive measures against China," citing export controls on AI chips and the revocation of visas for Chinese students in the U.S. China urged the U.S. "to meet it halfway, immediately correct its wrongful actions, and jointly uphold the consensus reached during the Geneva trade talks." Failing that, "China will continue to take firm and strong measures to defend its legitimate rights and interests."
— AFP
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says envoy's meeting with Putin was 'highly productive'
Trump says envoy's meeting with Putin was 'highly productive'

Roya News

time4 hours ago

  • Roya News

Trump says envoy's meeting with Putin was 'highly productive'

US President Donald Trump said Wednesday that his envoy Steve Witkoff had held a "highly productive meeting" with Russian President Vladimir Putin over efforts to end the war in Ukraine. "Great progress was made!" Trump wrote on his Truth Social platform, adding that afterward he had briefed some European allies. "Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come," he said.

OpenAI Set to Sell Employee Shares at Massive $500 Billion Valuation - Jordan News
OpenAI Set to Sell Employee Shares at Massive $500 Billion Valuation - Jordan News

Jordan News

time10 hours ago

  • Jordan News

OpenAI Set to Sell Employee Shares at Massive $500 Billion Valuation - Jordan News

OpenAI Set to Sell Employee Shares at Massive $500 Billion Valuation OpenAI, the maker of ChatGPT, is seeking a staggering $500 billion valuation through a potential sale of employee shares, according to a source familiar with the matter. اضافة اعلان This valuation would mark a significant leap from the company's current $300 billion figure and reflects OpenAI's rapid growth in user base and revenue, as well as the intensifying competition among AI companies to attract top-tier talent. The source, who requested anonymity due to the private nature of the discussions, said the deal — likely to precede an initial public offering (IPO) — would allow current and former employees to sell shares worth several billion dollars. Soaring Revenue and User Growth Driven by its flagship product, ChatGPT, OpenAI has doubled its revenue in the first seven months of this year. The company is now operating at an annual run rate of $12 billion, with expectations to reach $20 billion by year-end, the source added. Backed by Microsoft (traded under ticker MSFT.O), OpenAI's user base has surged to around 700 million weekly active users, up from 400 million in February for its ChatGPT products. Follow-Up to Major Funding Round The share-sale discussions come in the wake of a major funding round announced earlier this year, during which OpenAI aimed to raise $40 billion, led by Japan's SoftBank Group (9984.T). According to the source, the rest of the funding was covered at a $300 billion valuation, while SoftBank has until the end of the year to contribute its $22.5 billion portion of the round. AI Talent War Intensifies Major tech firms are fiercely competing to attract top AI talent with lucrative compensation packages. For instance, Meta Platforms (META.O) is investing billions in Scale AI, reportedly in an attempt to recruit its 28-year-old CEO Alexandr Wang to lead Meta's new superintelligence unit. Unlisted companies such as ByteDance, Databricks, and Ramp have also utilized internal share sales to update their market valuations and reward employees with long-term incentives. Investor Interest and Corporate Restructuring Current OpenAI investors — including Thrive Capital — are reportedly in talks to participate in the employee share sale. Thrive Capital declined to comment. Bloomberg was the first to report the potential sale. OpenAI is also undertaking a major restructuring of its corporate framework, aiming to shift away from its current "capped-profit" model and pave the way for a potential future IPO. — Reuters

du partners with Microsoft, Nokia, Khalifa University, and ITU to Launch Region's First Arabic Telecom LLM for Operational Excellence
du partners with Microsoft, Nokia, Khalifa University, and ITU to Launch Region's First Arabic Telecom LLM for Operational Excellence

Al Bawaba

time14 hours ago

  • Al Bawaba

du partners with Microsoft, Nokia, Khalifa University, and ITU to Launch Region's First Arabic Telecom LLM for Operational Excellence

du, the leading telecom and digital services provider, has partnered with Microsoft, Nokia, Khalifa University's 6G Research Center, and the International Telecommunication Union (ITU) to launch a first-of-its-kind Arabic Telecom Large Language Model (LLM). This cross-sector partnership brings together global tech innovation, regional research leadership, and international policy guidance to co-create an AI model that serves critical telecom functions in Arabic—a first in the industry. The du Arabic Telecom LLM is tailored specifically for internal telecom operations and is designed to enhance the efficiency of du's processes while advancing the UAE's vision for sovereign AI breakthrough collaboration introduces an Arabic-language telecom assistant that supports du's internal teams by enabling real-time customer complaint handling, device issue resolution, and intelligent operational insights through culturally fluent and context-aware dialogue. The model is built to transform internal processes while ensuring alignment with linguistic precision and cultural nuances specific to the UAE AlBlooshi, Chief Technology Officer at du, said: " du Arabic Telecom LLM reflects our commitment to improving internal efficiency and customer experiences using advanced, culturally attuned solutions. Together with our esteemed partners, Microsoft, Nokia, Khalifa University and ITU, we are building a future where AI speaks our language, understands our context, and drives real operational transformation and impactful customer exp."Developed in the UAE, du Arabic Telecom LLM reflects the region's language and cultural standards, ensuring accurate and meaningful applications for internal telecom use across national critical infrastructure. Looking forward, this collaboration lays the groundwork for extending the model's capabilities beyond internal operations to include customer-facing functions and multilingual support, paving the way for broad sectoral innovation. du and its partners are dedicated to advancing this Arabic Telecom LLM as a benchmark for localized, responsible AI application in the telecom industry and beyond.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store