| By Linyi Zheng | China’s largest chipmaker, SMIC, has set up a new semiconductor production line in Shanghai. The production line aims to mass-produce chips to support Beijing’s goal of achieving chip self-sufficiency.
Monday, June 15
Mexico Surpasses China as Top US Trading Partner
| By Xuan Zhong | U.S. Department of Commerce trade data reveals Mexico has surpassed China as the top source of imports for the US, representing a shift in trade dynamics.
EU Embraces AI to Achieve Digital Goals
| By Eliana Pisons | The EU has seen a significant surge in the adoption of AI among its firms with over a third of EU companies incorporating AI as the region works towards its digital goals.
US and China Launch Bilateral Counternarcotics Working Group
| By Linyi Zheng | The US and China held the first meeting of the bilateral Counternarcotics Working Group to jointly combat global drug trafficking, following up on agreements President Biden and President Xi made in their 2023 summit.
Federal Judge Blocks Merger between JetBlue and Spirit Airlines
| By Lauren LaPorta | The airline industry faced a significant turn of events when a federal judge, siding with the Biden Administration, blocked JetBlue’s attempt to acquire Spirit Airlines for $3.8B.
AI Startup ElevenLabs Gallops to Unicorn Status
| By Loc Le | After raising $80M in a Series B funding round, the London and Brooklyn-based voice AI startup ElevenLabs has reached a valuation of $1 billion.
New EU Law Empowers Consumers to Combat Greenwashing by 2026
| By Linyi Zheng | The European Parliament approved the new Directive on Empowering Consumers for the Green Transition to protect consumers from misleading marketing practices and aid them in making better purchasing decisions by prohibiting deceptive environmental claims.
Microsoft Hacked by Russian State-Sponsored Group
| By Loc Le | Microsoft announced the company experienced a cyberattack perpetrated by the Russian-state-sponsored hacker group Midnight Blizzard.
Spica Uncovered: Google’s Response to Russian APT ColdRiver’s Latest Malware
| By Lauren LaPorta | Russian advanced persistent threat ColdRiver has expanded and evolved its phishing campaigns against Western officials and allies of Ukraine through the deployment of a new custom backdoor, Spica. Google’s Threat Analysis Group continues to protect user safety through Safe Browsing blocklists and user safety alerts.
Intelliwings Showcases Repy Boards® at AFWERX Expedient Basing Challenge
Intelliwings exhibited Repy Board® deployable surface boards at the US Air Force AFWERX Expedient Basing Challenge in Las Vegas. AFWERX promotes industry innovation to accelerate the development and fielding of tools and technologies.