Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. From the report: The plan is a sign that an intensifying tech war between Beijing and Washington risks tearing the fabric of the internet. China's three main carriers -- China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group (China Unicom) -- are mapping out one of the world's most advanced and far-reaching subsea cable networks, according to the four people, who have direct knowledge of the plan.

Known as EMA (Europe-Middle East-Asia), the proposed cable would link Hong Kong to China's island province of Hainan, before snaking its way to Singapore, Pakistan, Saudi Arabia, Egypt and France, the four people said. They asked not to be named because they were not allowed to discuss potential trade secrets. The cable, which would cost approximately $500 million to complete, would be manufactured and laid by China's HMN Technologies, a fast-growing cable firm whose predecessor company was majority-owned by Chinese telecom giant Huawei, the people said.

An anonymous reader quotes a report from Bloomberg: Like so much in our modern era, Australia's high-stakes gamble on renewable energy starts with an Elon Musk Twitter brag. South Australia's last coal-fired power plant had closed, leaving the province of 1.8 million heavily reliant on wind farms and power imports from a neighboring region. When an unprecedented blackout caused much of the country to question the state's dependence on clean power, Tesla boasted -- on Twitter, of course -- that it had a solution: It could build the world's biggest battery, and fast. "@Elonmusk, how serious are you about this," replied Australian software billionaire and climate activist Mike Cannon-Brookes. "Can you guarantee 100MW in 100 days?" Musk responded: "Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?"

To the astonishment of many, Tesla succeeded, and today, almost seven years later, that battery and more like it have become central to a shockingly rapid energy transition. By the middle of the next decade, major coal-fired power stations that generate about half of Australia's electricity will shut down. Gas-fired plants are being retired, too, and nuclear power is banned. That leaves solar, wind and hydro as the major options in the country's post-coal future. "It's really a remarkable story," said Audrey Zibelman, the former head of the Australian Energy Market Operator, or AEMO, the agency that runs the grid, and now an adviser to Alphabet's X. "Because we're not interconnected, we've had to learn to do it in a much more sophisticated way, where a lot of other countries will go once they've shut down their fossils."

It may be Australia's biggest power buildout since electrification in the 1920s and 30s. And, if successful, could be replicated across the 80% of the world's population that lives in the so-called sun belt -- which includes Latin America, Africa, the Middle East, India, southern China and Southeast Asia, says Professor Andrew Blakers, an expert in renewable energy and solar technology at Australian National University. That, in turn, would go a long way to halting climate change. Building battery storage is just one critical piece of the national project, and AEMO and others are worried coal plants will shut before there's enough additional electricity supply. Australia needs to increase its grid-scale wind and solar capacity ninefold by 2050. Connecting all that generation and storage into the grid will require more investment. Overall, the cost could be a staggering A$320 billion ($215 billion), and the money is starting to flow: Brookfield Asset Management Ltd., Macquarie Group Ltd., and billionaires Andrew Forrest and Cannon-Brookes have all been involved in headline-grabbing energy deals in recent months. New government support for renewables has also improved investor sentiment, according to the Clean Energy Investor Group, which includes project developers and financiers.

A boom in artificial intelligence startup funding sparked by OpenAI has spilled over to China, the world's second-biggest venture capital market. Now American institutional investors are indirectly financing a rash of Chinese AI startups aspiring to be China's answer to OpenAI. From a report: The American investors, including U.S. endowments, back key Chinese VC firms such as Sequoia Capital China, Matrix Partners China, Qiming Venture Partners and Hillhouse Capital Management that are striking local AI startup deals, which haven't been previously reported. U.S. government officials have grown increasingly wary of such investments in Chinese AI as well as semiconductors because they could aid a geopolitical rival. For instance, Sequoia China, the Chinese affiliate of the Silicon Valley VC stalwart, recently made a U.S.-dollar investment in a brand-new AI venture created by Yang Zhilin, a young assistant professor at Beijing's prestigious Tsinghua University, which is sometimes described as China's equivalent of the Massachusetts Institute of Technology, according to a person with direct knowledge of the deal. Yang, who got his doctorate from the School of Computer Science, Carnegie Mellon University, in 2019, is considered one of China's top AI researchers. He previously co-founded another startup Sequoia China backed, Recurrent AI, which develops tools for salespeople, according to the company's website. Matrix and Qiming, meanwhile, recently funded another Beijing-based AI startup, Frontis, which has compared its product to ChatGPT. It was founded in 2021 by Zhou Bowen, a Tsinghua professor who once led JD.com's AI research lab, according to the company's website. The deal gave the startup a paper valuation of hundreds of millions of U.S. dollars, the company said.

Hong Kong's attempt to attract cryptocurrency companies is getting help from an intensifying crackdown by American regulators. From a report: The city was once home to a number of prominent companies, including Crypto.com, BitMEX and now-bankrupt FTX. But increasing competition from Singapore, concerns about China's tough approach to crypto and Hong Kong's prolonged and strict response to Covid-19 meant many companies in the sector left. Hong Kong is now determined to bring some of that action back, in contrast with the U.S. In the past few weeks alone, U.S. regulators have cut off access to crypto products and services, targeted crypto friendly banks, brought civil charges against celebrities said to have touted digital assets and sued exchanges including Binance, the operator of the world's largest crypto exchange. Prosecutors have also accused FTX founder Sam Bankman-Fried, who was based in Hong Kong at one point, of conspiring to bribe Chinese government officials in their latest indictment.

"The U.S. being more stringent these days than ever on crypto and Hong Kong regulating in a more favorable way...is going to clearly shift the center of gravity of crypto assets trading and investments more towards Hong Kong," said Ambre Soubiran, chief executive of Kaiko, a digital assets data provider based in Paris. "We want to be where our clients are," she said. Hong Kong's Securities and Futures Commission proposed a new licensing framework in February, focusing on investor protection. A senior official said at a briefing that the regulator wanted to prevent a recurrence of the problems that brought down FTX, as well as other fraudulent behavior. More than 20 crypto and blockchain companies from mainland China, Europe, Canada and Singapore have told the government they are planning to establish a presence in Hong Kong, while over 80 firms have expressed interest in doing so, according to official figures.

America's Department of Defense "is gearing up for a future conflict in space," reports the Wall Street Journal, "as China and Russia deploy missiles and lasers that can take out satellites and disrupt military and civilian communications." The White House this month proposed a $30 billion annual budget for the U.S. Space Force, almost $4 billion more than last year and a bigger jump than for other services including the Air Force and the Navy.... A key aim of a stand-alone force was to plan, equip and defend U.S. interests in space for all of the services and focus attention on the emerging threats. For the first time, the spending request also includes plans for simulators and other equipment to train Guardians, as Space Force members are known, for potential battle....

Just as it is on Earth, China is the Pentagon's big worry in space. In unveiling a defense strategy late last year, the Biden administration cast China as the greatest danger to U.S. security. In space, the threats from China range from ground-launched missiles or lasers that could destroy or disable U.S. satellites, to jamming and other cyber interference and attacks in space, said Pentagon officials. China has invested heavily in its space program, with a crewed orbiting station, developing ground-based missiles and lasers as well as more surveillance capabilities. This is part of its broader military aims of denying adversaries access to space-based assets.

China is "testing on-orbit satellite systems which could be weaponized as they have already shown the capability to physically control and move other satellites," Gen. Chance Saltzman, chief of space operations for the U.S. Space Force, told a congressional hearing this month. "There's nothing we can do in space that's of any value if the networks that process the information and data are vulnerable to attack," Gen. Saltzman said. A central part of the Space Force's next tranche of military contracts for rocket launches is protecting them from attacks by China and other adversaries. The hope is to make satellites tougher to approach by adversaries' equipment as well as less susceptible to lasers and jamming from space or the ground, said Space Force leaders.
The article also notes the US Defense Department "is moving away from a small number of school bus-size satellites to a planned constellation of hundreds of smaller ones.

"The larger number of targets makes any one satellite less crucial to the network but also requires changes in the capabilities of the satellites themselves, the rockets that put them into orbit and the communications systems they host."

"Chinese officials have released an updated analysis of more than 1,300 samples taken from the Wuhan wet market at the beginning of the Covid-19 pandemic," reports the Telegraph: In a preprint published on Wednesday, researchers from the Chinese Center for Disease Control and Prevention said there was "convincing evidence" that Sars-Cov-2 was spreading widely at Wuhan's Huanan seafood market in January 2020.
Dr Tedros Adhanom Ghebreyesus, head of the WHO, tells them "This data could and should have been shared three years ago." China's paper then called for "more work involving international coordination" to investigate the potential origins of SARS-CoV-2. "Surveillance of wild animals using a viromic approach should be enhanced to explore the potential natural and intermediate hosts for SARS-CoV-2, if any, which would help to prevent future pandemics caused by animal-origin coronaviruses or alike, with a spillover event."

But the Telegraph notes that China also "claimed it's not clear how Covid got there, as no virus was found in the 457 animal swabs taken from 18 species at the market. The data behind the latest Chinese research has proved controversial, after a team of international experts downloaded the genetic sequences that had been discreetly shared on a database called GISAID. Their analysis was the first conducted on the data outside China, which has been accused by the World Health Organization of withholding critical clues. In samples taken from the Wuhan market that tested positive for Covid, the international team found genetic material from wildlife known to be susceptible to Sars-Cov-2 — including racoon dogs, palm civets and Himalayan marmots. This does not prove these animals were infected, but does confirm they were being illegally sold at Huanan market in early 2020.

"What we are seeing is the genomic ghost of that animal in the stalls," said Dr Florence Débarre, an evolutionary biologist at the French National Centre for Scientific Research, who first spotted the data when trawling GISAID. "It's close to the best [evidence] we can get, because the animals were gone when they came to sample the markets," she told the Telegraph earlier this month....

The latest paper from China CDC — published on ChinaXiv on Wednesday — reveals that although researchers sampled 18 species including bamboo rats, wild boars and hedgehogs, they did not take specimens from animals including raccoon dogs now known to be susceptible to the virus. It is likely that this is because they had already been removed. Some researchers said this undermines the China CDC's suggestion that animals did not bring the virus into the market — a route that China has consistently discredited, much like the potential for a laboratory leak, as it does not want the origin to be within its own borders. "This claim that no live animals with the virus were found at the market is one of the most pernicious and misleading talking points proffered," said Dr Michael Worobey, an evolutionary biologist at the University of Arizona who led the international analysis.

"If no live raccoon dogs... or other plausible intermediate hosts species were tested (because they had all disappeared by the time this testing took place), then saying that the lack of Sars-CoV-2 live animals at the market is evidence against a zoonotic origin is at best misinformed. At worst, it is deliberate disinformation," he told the Telegraph.

In the US, heat pump purchases exceeded those of gas furnaces in 2022 -- part of a bigger trend that saw global heat pump sales grow by 11%. Electrek reports: According to analysis released today by the International Energy Agency (IEA), heat pump sales in Europe saw a record year, with sales growing by nearly 40%. And specifically, sales of air-to-water models in Europe that are compatible with typical radiators and underfloor heating systems jumped by almost 50%. In China, the world's largest heat pump market, sales remained stable amid a general slowdown of the economy.

Currently, heat pumps function as a main heating device in around 10% of buildings globally. That's the equivalent of over 100 million households, or 1 in 10 homes. But in order to meet climate goals, heat pumps will have to meet nearly 20% of global heating needs in buildings by 2030. If installations continue at the rate of the last two years, then the world may almost be on track to reach the 2030 goal. The IEA says that global heat pump sales will need to expand by well over 15% per year this decade if the world is to achieve net zero by 2050, and that multistory apartment buildings and commercial spaces in particular should be prioritized.

An anonymous reader quotes a report from CNBC: China's chip industry will be "reborn" as a result of U.S. sanctions, a top boss at Huawei said Friday, as the Chinese telecommunications giant confirmed a breakthrough in semiconductor design technology. Eric Xu, rotating chairman at Huawei, issued fighting words against Washington's tech export restrictions on China. "I believe China's semiconductor industry will not sit idly by, but take efforts around ... self-strengthening and self reliance," according to an official translation of Xu's comments during a press conference. "For Huawei, we will render our support to all such self-saving, self-strengthening and self reliance efforts of the Chinese semiconductor industry."

The U.S. is concerned that China could use advanced semiconductors for military purposes. Huawei's Xu said these developments could boost, rather than hamper China's domestic semiconductor industry. "I believe China's semiconductor industry will get reborn under such sanctions and realize a very strong and self-reliant industry," Xu said. Last week, Huawei claimed to have completed work on electronic design automation tools for laying out and making chips down to 14nm process nodes.

"But Huawei ideally needs chips of a much smaller nanometer size for more advanced applications, which they are currently finding it difficult to obtain," adds Reuters. "The company is still reeling from the effects of U.S. sanctions -- on Friday, it said net profit dropped 69% year-on-year in 2022, marking the biggest decline on record."

Japan said on Friday it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China's ability to make advanced chips. From a report: Japan, home to major chip equipment makers such as Nikon and Tokyo Electron, did not specify China as the target of the restrictions, saying manufacturers would need to seek export permission for all regions. "We are fulfilling our responsibility as a technological nation to contribute to international peace and stability," Minister for Economy, Trade and Industry Yasutoshi Nishimura told a news conference. Japan wants to stop its advanced technology being used for military purposes and does not have a specific country in mind, he said. But the decision, coming ahead of a weekend visit to Beijing by Japanese Minister for Foreign Affairs Yoshimasa Hayashi, will be seen as a major win for the U.S., which in October announced sweeping restrictions on access to chipmaking technology to slow China's technological and military advances.

China has opened a cybersecurity review of imports from America's largest memory chipmaker, Micron Technology, opening a new front in the escalating battle between the two countries over dominance in the semiconductor market. From a report: The Chinese government is conducting the review to ensure the security of its information infrastructure supply chain, prevent network security risks and maintain national security, it said in a statement Friday. The move stands to further escalate trade tensions between the Biden administration and China. The US has already blacklisted Chinese tech firms, sought to cut off the flow of sophisticated processors and banned its citizens from providing certain help to the country's chip industry. It has called on other nations to join its efforts, and earlier on Friday, Japan said it will expand restrictions on exports of 23 types of leading-edge chipmaking technology.

Anti-piracy group CODA is reporting the shutdown of B9Good, a pirate manga site that targeted Japan but was operated from China. In response to a criminal complaint filed by CODA on behalf of six Japanese companies, which were backed by 21 others during the investigation, Chinese authorities arrested four people and seized one house worth $580,000. TorrentFreak reports: Manga piracy site B9Good initially appeared in 2008 and established itself under B9DM branding. SimilarWeb stats show that the site was enjoying around 15 million visits each month, with CODA noting that in the two-year period leading to February 2023, the site was accessed more than 300 million times Around 95% of the site's visitors came from Japan. B9Good had been featured in an MPA submission to the USTR's notorious markets report in 2019. Traffic was reported as almost 16 million visits per month back then, meaning that site visitor numbers remained stable for the next three years. The MPA said the site was possibly hosted in Canada, but domain records since then show a wider spread, including Hong Kong, China, United States, Bulgaria, and Japan.

Wherever the site ended up, the location of its operator was more important. In 2021, CODA launched its International Enforcement Project (CBEP), which aimed to personally identify the operators of pirate sites, including those behind B9Good who were eventually traced to China. Pursuing copyright cases from outside China is reportedly difficult, but CODA had a plan. In January 2022, CODA's Beijing office was recognized as an NGO with legitimate standing to protect the rights of its member companies. Working on behalf of Aniplex, TV Tokyo, Toei Animation, Toho, Japan Broadcasting Corporation (NHK), and Bandai Namco Film Works, CODA filed a criminal complaint in China, and starting February 14, 2023, local authorities began rounding up the B9Good team.

Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times. CoinTelegraph reports: In a report on March 29, FT claims that Binance had substantial ties to China for several years, contrary to the company's claims that it left the country after a 2017 ban on crypto, including an office still in use by the end of 2019 and a Chinese bank used to pay employees. "We no longer publish our office addresses ... people in China can directly say that our office is not in China," Zhao reportedly said in a company message group in November 2017. Employees were told in 2018 that wages would be paid through a Shanghai-based bank. A year later, personnel on payroll in China were required to attend tax sessions in an office based in the country, according to FT. Based on the messages, Binance employees discussed a media report that claimed the company would open an office in Beijing in 2019. "Reminder: publicly, we have offices in Malta, Singapore, and Uganda. [...] Please do not confirm any offices anywhere else, including China."

The report backs up accusations made in a lawsuit filed on March 27 by the United States Commodity Futures Trading Commission (CFTC) against the exchange, claiming that Binance obscured the location of its executive offices, as well as the "identities and locations of the entities operating the trading platform." According to the lawsuit, Zhao stated in an internal Binance memo that the policy was intended to "keep countries clean [of violations of law]" by "not landing .com anywhere. This is the main reason .com does not land anywhere."

An anonymous reader quotes a report from TechCrunch: As U.S. lawmakers move forward with their plans for a TikTok ban or forced sale, the app's Chinese parent company ByteDance is driving another of its social platforms into the Top Charts of the U.S. App Store. ByteDance-owned app Lemon8, an Instagram rival that describes itself as a "lifestyle community," jumped into the U.S. App Store's Top Charts on Monday, becoming the No. 10 Overall app, across both apps and games. Today, it's ranked No. 9 on the App Store's Top Apps chart, excluding games. This is a dramatic move for the little-known app and one that points to paid user acquisition efforts powering this surge. Prior to yesterday, the Lemon8 app had never before ranked in the Top 200 Overall Charts in the U.S., according to app store intelligence provided to TechCrunch by data.ai.

The firm confirms that such a fast move from being an unranked app to being No. 9 among the top free apps in the U.S. -- ahead of YouTube, WhatsApp, Gmail and Facebook -- implies a "significant" and "recent" user acquisition push on the app publisher's part. Unfortunately, because the app is so new to the App Store's Top Charts, third-party app analytics firms don't yet have precise data on Lemon8's U.S. installs, or how those installs have recently changed over the past few days. [...] According to app intelligence provider Apptopia's data, Lemon8 debuted on both iOS and Android in March 2020 and has since gained 16 million global downloads, with Japan as its top market, accounting for 38% of its total installs. While the firm also doesn't have a figure for its U.S. installs, it was able to estimate the app currently has 4.25 million monthly active users. TechCrunch believes ByteDance may be leveraging TikTok to drive app installs of Lemon8. "Over on TikTok, we noticed a number of creators recently began posting about Lemon8, with many new videos appearing in just the past 24 hours," reports TechCrunch. "Concerningly, many of their reviews are extremely positive but are not marked as sponsored content. [...] In fact, some creators even said they're getting the app in case TikTok gets banned."

Republican Senator Rand Paul on Wednesday opposed efforts in Congress to ban popular Chinese-owned social media app TikTok, which is used by more than 150 million Americans. From a report: A small but growing number of Democrats and Republicans have raised concerns, citing free speech and other issues and have objected to legislation targeting TikTok as overly broad. Republican Senator Josh Hawley said this week he hoped to get unanimous consent for a TikTok ban bill. "Congressional Republicans have come up with a national strategy to permanently lose elections for a generation: Ban a social media app called TikTok that 94 million, primarily young Americans, use," Paul said in an opinion piece published Wednesday in Louisville, Kentucky's Courier-Journal. "Before banning TikTok, these censors might want to discover that China's government already bans TikTok. Hmmm ... do we really want to emulate China's speech bans?" Paul added: "If you don't like TikTok or Facebook or YouTube, don't use them. But don't think any interpretation of the Constitution gives you the right to ban them."

FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a rewritten indictment unsealed Tuesday. CBS News reports: The charge of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act means Bankman-Fried faces now faces a total of 13 charges after being arrested in the Bahamas last December and brought to the United States soon thereafter. [...] The indictment said Chinese law enforcement authorities in early 2021 froze certain Alameda crypto-trading accounts on two of China's largest cryptocurrency exchanges. The accounts, it said, contained about $1 billion worth of crypto.

Bankman-Fried understood that the accounts had been frozen by Chinese authoritIes as part of an ongoing probe of a particular Alameda trading counterparty, the indictment said. After Bankman-Fried failed several attempts to unfreeze the accounts through the use of lawyers and lobbying, the 31-year-old ultimately agreed to direct a multimillion dollar bribe to try to unfreeze the accounts, the indictment said.

"Bankman-Fried and others sought to regain access to the assets to fund additional Alameda trading activity, in order to assist Bankman-Fried and Alameda in obtaining and retaining business," court documents state. The bribe payment of cryptocurrency -- then worth about $40 million -- was moved from Alameda's main trading account to a private cryptocurrency wallet in November 2021 and the frozen accounts were unfrozen at about the same time, the indictment said.

Belgium's intelligence service is scrutinizing the operations of technology giant Huawei as fears of Chinese espionage grow around the EU and NATO headquarters in Brussels, according to confidential documents seen by POLITICO and three people familiar with the matter. From the report: In recent months, Belgium's State Security Service (VSSE) has requested interviews with former employees of the company's lobbying operation in the heart of Brussels' European district. The intelligence gathering is part of security officials' activities to scrutinize how China may be using non-state actors -- including senior lobbyists in Huawei's Brussels office -- to advance the interests of the Chinese state and its Communist party in Europe, said the people, who requested anonymity due to the sensitivity of the matter. The scrutiny of Huawei's EU activities comes as Western security agencies are sounding the alarm over companies with links to China. British, Dutch, Belgian, Czech and Nordic officials -- as well as EU functionaries -- have all been told to stay off TikTok on work phones over concerns similar to those surrounding Huawei, namely that Chinese security legislation forces Chinese tech firms to hand over data. The scrutiny also comes amid growing evidence of foreign states' influence on EU decision-making -- a phenomenon starkly exposed by the recent Qatargate scandal, where the Gulf state sought to influence Brussels through bribes and gifts via intermediary organizations. The Belgian security services are tasked with overseeing operations led by foreign actors around the EU institutions.

Chinese e-commerce group Alibaba Group Holding will reorganize into six business groups and pursue public listings for five of them, in the most significant governance overhaul since the company was established 24 years ago. From a report: The company announced the move on Tuesday, a day after founder Jack Ma's surprise return to China following a lengthy stint abroad. The six business groups will focus on sectors such as cloud computing, e-commerce and logistics. "This transformation will empower all our businesses to become more agile, enhance decision-making, and enable faster responses to market changes," chief executive Daniel Zhang said in a letter to employees. The six new groups will be: Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group and Digital Media and Entertainment Group.

Each of the groups will be run by its own CEO and board of directors, with the CEOs assuming full responsibility for company performance. Zhang will remain chairman and CEO of Alibaba Group, which will follow a holding company management model. He will also serve as the CEO of the Cloud Intelligence Group, which will be responsible for the company's cloud and artificial intelligence businesses. Zhang became acting president of Alibaba Cloud Intelligence after its cloud service suffered what the company described as "the longest large-scale outage in more than a decade" in Hong Kong in late December.

Security researchers at Moscow-based Kaspersky Lab have identified and outlined potential malware in versions of PDD Holdings' Chinese shopping app Pinduoduo, days after Google suspended it from its Android app store. From a report: In one of the first public accountings of the malicious code, Kaspersky laid out how the app could elevate its own privileges to undermine user privacy and data security. It tested versions of the app distributed through a local app store in China, where Huawei Technologies, Tencent Holdings and Xiaomi run some of the biggest app markets. Kaspersky's findings, shared with Bloomberg News, were among the clearest explanations from an independent security team for what triggered Google's action and malware warning last week. The cybersecurity firm, which has played a role in uncovering some of the biggest cyberattacks in history, said it found evidence that earlier versions of Pinduoduo exploited system software vulnerabilities to install backdoors and gain unauthorized access to user data and notifications. Those conclusions agreed in large part with those of researchers that had posted their discoveries online in past weeks, though Bloomberg News hasn't verified the authenticity of the earlier reports.

The New York Times reports: Since January, the price of lithium has dropped nearly 20%, according to Benchmark Minerals, while sales of electric vehicles have soared. The price of cobalt, another important battery material, has fallen by more than half. Copper, essential to electric motors and batteries, has slipped by about 18%, at a time when U.S. mines and copper-rich countries such as Peru are struggling to increase production.

The price moves have confounded many analysts who predicted costs would stay high, or climb higher, slowing the transition to cleaner forms of transportation. Instead, the drop in commodity prices has made it easier for carmakers to cut prices for electric vehicles. This month, Tesla lowered the prices of its two most expensive cars, the Model S sedan and Model X sport utility vehicle, by thousands of dollars. That followed cuts in January by Tesla to its more affordable Model 3 and Model Y, and by Ford Motor to its Mustang Mach-E. The average price of an electric vehicle in the United States fell by $1,000 in February compared with January, according to Kelley Blue Book. "For electric vehicles, the major roadblock is cost," said Kang Sun, the CEO of Amprius Technologies, a young battery maker that this month announced plans for a factory in Colorado. The falling price of lithium, he said, "is going to promote EV sales."

Sun said he thinks prices could fall much further because demand for the metal has not risen as fast as some in the industry expected.... Ryan Melsert, CEO of American Battery Technology, attributed the recent decline in lithium prices to temporary factors like a seasonal slowdown in electric vehicle sales in China. "We expect to see very high prices for the foreseeable future," Melsert said. Vivek Chidambaram, the senior managing director for strategy at Accenture, the consulting firm, also expects the decline to be temporary. Lithium prices have fallen because sales of electric vehicles, while still brisk, are not growing as fast as automakers expected, he said. That has led suppliers to produce more than is needed.
The article notes America's Department of Energy is providing $3 billion in grants to create a domestic battery supply chain — partly because the supply of lithium has to increase 42-fold by 2050, according to the State Department's undersecretary for energy.

"We have to find additional sources of supply because 42 times is a lot," he tells the Times. "Right now, we don't have enough."

"TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee Thursday about safety and national security concerns surrounding his social media behemoth," writes MSNBC, adding "He was not well received." Given what we know about how Big Tech abuses data, about how China's authoritarian government systematically embraces surveillance as a tool of social control, and about the increasingly adversarial geopolitical relationship between the U.S. and China, it's not sinophobic to ask questions about how to guard against TikTok's misuse. It's common sense. While a ban is probably too drastic and may fail to solve all the issues at hand, regulating the company is sensible. Fortunately, one of the key ways to address some of the concerns posed by TikTok — restricting all companies' capacity to collect data on Americans — could help us solve problems with online life that extends well beyond this social media platform....

[Evan Greer, the director at Fight for the Future, a digital rights organization], believes members of Congress laser focused on TikTok are "on a sidequest" in the scheme of a bigger crisis of surveillance of online life; Greer points to the American Data Privacy and Protection Act as a potential solution. That law would put in place strong data minimization policies, strictly limiting how and how much data companies can collect on people online. It also would deal a huge blow to the power of the algorithms of TikTok and other social media apps because their content recommendation relies on collecting huge amounts of data about its users. The passage of that act would force any company operating in the U.S., not just TikTok, to collect far less data — and reduce all social media companies' capacities to shape the flow of information through algorithmic amplification.

In addition to privacy legislation, the Federal Trade Commission could play a more aggressive role in creating and enforcing rules around commercial surveillance, Greer pointed out. TikTok raises legitimately tricky questions about national security. But it's not the only social media company that does, and national security concerns aren't the only reason to rethink the freedom we've given to social media companies in our society. Any time a powerful actor has vast control over the flow of information, it should be scrutinized as a possible source of exploitation, censorship and manipulation — and, when appropriate, regulated. TikTok should serve as the springboard for that conversation, not the beginning and ending of it.
CNN points out that TikTok isn't the only Chinese-owned platform finding viral success in America. "Of the top 10 most popular free apps on Apple's U.S. app store, four were developed with Chinese technology." Besides TikTok, there's also shopping app Temu, fast fashion retailer Shein and video editing app CapCut, which is also owned by ByteDance.
Duncan Clark, chairman and founder of investment advisory BDA China, tells CNN that these apps could be next.

But writing in the New York Times, the executive director of the Knight First Amendment Institute at Columbia argues that "it's difficult to see how a ban could survive First Amendment review." The Supreme Court and lower courts have held repeatedly that the mere invocation of national security is insufficient to justify the suppression of First Amendment rights. In court, the government will have to introduce evidence that the threats it is addressing are real, not merely conjectural, and that the proposed ban would address those threats. The evidence assembled so far is not likely to be sufficient. All of this will no doubt be frustrating to some policymakers, including to some who are commendably focused on the very real risks that social media companies' practices pose to Americans' privacy and security. But the legitimacy of our democracy depends on the free trade of information and ideas, including across international borders.