Bloomberg Tech

US Warns of China’s IP-Theft ‘Playbook’ for AI, Advanced Tech

The US should build a coalition of countries to stop China from applying its “playbook” of stealing intellectual property to advance in artificial intelligence and other key technologies, according to Nathaniel Fick, Ambassador at Large for Cyberspace and Digital Policy.

Bitcoin Jumps on Speculation BlackRock ‘May Know Something’

BlackRock Inc.’s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application.

Raytheon’s $7 Billion GPS Stations Are Running 73% Over Estimates

Raytheon Technologies Corp.’s system of 17 ground stations to control the Pentagon’s constellation of GPS satellites has drawn the ire of the House panel that funds annual defense spending because it’s running seven years late and is now $7 billion, which is 73% costlier than initial projections.