US firms pull back from China AI operations; Amazon and McKinsey among latest to retreat: Report

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A growing number of American firms are scaling back their artificial intelligence and research operations in China, with Amazon and McKinsey & Company becoming the latest to retreat amid rising geopolitical tensions, according to the Financial Times.

In a report published on Wednesday, FT said Amazon is shutting down its Shanghai AI lab, part of its Amazon Web Services (AWS) division. The facility, established in 2018, focused on cutting-edge AI research. Wang Minjie, a senior scientist at the lab, confirmed its closure in a WeChat post seen by FT,…



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US firms pull back from China AI operations; Amazon and McKinsey among latest to retreat: Report


A growing number of American firms are scaling back their artificial intelligence and research operations in China, with Amazon and McKinsey & Company becoming the latest to retreat amid rising geopolitical tensions, according to the Financial Times.

In a report published on Wednesday, FT said Amazon is shutting down its Shanghai AI lab, part of its Amazon Web Services (AWS) division. The facility, established in 2018, focused on cutting-edge AI research. Wang Minjie, a senior scientist at the lab, confirmed its closure in a WeChat post seen by FT,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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