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WSJ Tech News Briefing

TNB Tech Minute: Biden Orders Probe Into Foreign Car Parts

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 29 February 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: AI robot startup Figure receives $675 million in funding from investors including Nvidia and Microsoft. And Canada’s antitrust watchdog expands its probe into Google. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This podcast is brought to you by Alex Partners.

0:03.0

Read the results of the fifth annual Alex Partners

0:07.0

disruption index online today at disruption.

0:10.0

Alex Partners.com

0:12.0

Here's your T&B Tech Minute for Thursday, February 29th.

0:18.0

I'm Alex Oscela for the Wall Street Journal.

0:21.0

President Biden has ordered the Commerce Department to open an investigation into foreign-made software and cars.

0:27.0

He cited Chinese technology as a potential U.S. national security risk.

0:31.0

Right now, few cars sold in the U.S. are made in China and most have

0:35.5

software developed by Western firms, so the immediate threat is limited. However,

0:39.8

Chinese car companies are moving swiftly to expand globally.

0:43.4

Industry analysts say if they gain entry into the US,

0:46.3

the potential risk could be higher.

0:48.2

The investigation could lead to restrictions on the use of certain parts in cars in the US.

0:53.0

A startup called Figure, which is working on AI-powered humanoid robots,

0:58.0

says it has received $675 million in funding.

1:01.0

The startup said Jeff Bezos,

1:03.0

Invidia, and Microsoft are among the investors and valued the company at

1:06.7

2.6 billion dollars. Figure also said it was working with open AI on

1:11.0

developing new AI models for its humanoid robots that can do tasks in the place of humans, like moving a box onto a conveyor belt.

1:18.0

And Canada's antitrust watchdog says it's expanding its probe into Google's online

1:23.9

advertising practices. The Competition Bureau's investigation, which started in

...

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