Latest news with #CANN
South China Morning Post
3 days ago
- Business
- South China Morning Post
China and US are locked in high-stakes fight to shape AI future
China and the United States are locked in a fierce battle over artificial intelligence. But the two scientific powerhouses have very different endgames in mind. While Washington wants to dominate the field with a few close allies, Beijing sees its development as a win-win for all. It has called for global governance , while Chinese industry and research promote open sources In its latest move, Huawei Technologies is offering its CANN platform – Compute Architecture for Neural Networks – as an open-source software toolkit for programmers and researchers. CANN runs on Huawei's Ascend AI processors and is designed to rival Nvidia's proprietary Compute Unified Device Architecture (CUDA), established as the standard platform around the world. High-level open-source capabilities, including the popular DeepSeek , aim to bolster China's tech self-sufficiency by providing alternative platforms for developers to build applications for domestic software. But China also sees a bright future for its open-source technology around the world, especially in developing economies. At the recent World Artificial Intelligence Conference in Shanghai, global governance and cooperation was its main theme. It opened as the White House released its own policy framework that makes American AI dominance the main goal, through deregulation, infrastructure investment and expanding AI exports exclusively to allies in a technological race with China. US President Donald Trump has characterised it as a fight the US started, and one it will win. Premier Li Qiang warned at the conference that because AI required high concentrations of technology, capital and talent, it could end up becoming an 'exclusive game' for a select few rich nations and their companies. Instead, he has called for global governance to better explore and develop the full potential of AI as well as managing risks. Washington's vision is starkly different. Beijing has also offered a 13-point action plan that includes setting up research laboratories, AI education and training, and joint development of AI programming.
Yahoo
29-05-2025
- Business
- Yahoo
Potential THC ban in Texas: Business owner reacts to passage of SB 3
The Brief Texas lawmakers have passed SB 3, a ban on THC products SB 3 still needs Gov. Abbott's signature to become law Business owners are still hoping Abbott vetoes the bill AUSTIN, Texas - Texas lawmakers passed a ban on THC products which have become widely and legally available in recent years. Business owners are pushing back against the ban, which still needs Gov. Greg Abbott's signature. What they're saying Jake Bullock is the CEO and Co-Founder of Cann. "SB3 is a total ban of our products, of any hemp-derived THC products, and this will decimate the Texas hemp industry," said Bullock. Senate Bill 3 would not only prohibit some hemp sales, but those in possession could also face fines and jail time depending on the amount. "We're CANN, we make a range of microdose, THC, and CBD-infused drinks," said Bullock. "They're social products and they're meant to be similar in sort of strength and potency to half of a glass of wine or a light beer." Bullock said his infused drinks benefit many Texans with sleep issues, inflammation problems, or even people who want a buzz without a hangover. "Some of our customers have been able to give up drinking alcohol entirely, which has a huge transformative positive impact in their life from a wellness standpoint," said Bullock. While he wants to see Abbott veto SB3, he still agrees that THC products need stricter regulations. "They should be regulated, they should be taxed and use those tax dollars to help enforce against the bad actors, against those illicit products, against those highly potent gummy candies that no one thinks should be in the market," said Bullock. Dig deeper The ban does not apply to CBD or CBG products. It will also not have an effect on the Compassionate Use Program. If Abbott signs the bill, it will take effect in September. The Source Information in this report comes from reporting/interviews by FOX 7 Austin's Katie Pratt
