![]() ![]() They merely have to pay for cloud-computing services offered by the largest cloud providers. That loophole involves cloud-computing companies, which allow Chinese companies to use AI technologies without importing them. The administration wants to close a loophole that restricts US companies from exporting artificial intelligence and other advanced supercomputing technologies to Chinese companies, The Wall Street Journal reports. And, if a new proposal by the administration passes, Oracle could be the one most hurt. US cloud-computing companies are about to be the latest target in the discord between the Biden administration and China. Most US cloud companies wouldn't be too hurt except perhaps Oracle, which runs TikTok. Joe Biden's administration wants to close a loophole giving Chinese firms access to restricted tech.Ĭhinese companies get the technology by using advanced US cloud services. Oracle's chairman and chief technology officer, Larry Ellison.
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