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WSJ Tech News Briefing

Lidar Is Latest Tech in the Middle of U.S.-China Tensions

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 2 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

National security officials in the U.S. are raising concerns about a Chinese company that’s a key maker of laser sensor technology. WSJ reporter Heather Somerville joins host Zoe Thomas to explain how Hesai found itself and its tech at the center of geopolitical tensions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Get a better grip on the markets.

0:02.7

WSJ's Take on the Week is here to give you a look ahead to the most important events

0:07.8

on the economic and business calendar and what they mean for your money and investments.

0:13.1

Subscribe wherever you listen to podcasts.

0:30.1

Light our help systems like self-driving vehicles.

0:33.6

Get a 3D image of the world.

0:36.1

In the past year, it's emerged from a little-discussed industry to a focus

0:41.2

of U.S. national security concerns.

0:43.6

Overfears it could be used for advanced weapons, spying, and cyber attacks.

0:49.6

That's put companies like China-based HSI Group, which develops light our

0:54.0

in the middle of geopolitical tensions.

0:56.8

Our reporter Heather Somerville is going to join us later in the show to explain

1:00.5

what this means for HSI, its self-driving customers, and its investors.

1:08.9

But first, the closing arguments in the criminal trial of

1:12.6

Sam Bankman-Freed are underway.

1:15.1

The FTX founder is facing charges of fraud and conspiracy in connection with the collapse

1:20.6

of the crypto exchange, which he has denied.

1:23.8

Several of his deputies testified for the prosecution that Bankman-Freed

1:27.6

directed them to use customer funds to cover FTX expenses.

1:32.6

He also took the stand in his own defense.

1:35.5

Jury deliberation could begin later today.

1:38.5

Here's our reporter, Corinne Raimi.

...

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