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Gold bitcoin on dark background

COSM Speaker Peter Thiel: The Failures and “Self-Hatred” of Big Tech

Listen to maverick entrepreneur Peter Thiel’s talk from last year’s COSM conference. Thiel discusses his views of artificial intelligence, Big Tech’s monopoly, China, and the future of technology with legendary tech guru George Gilder. You can register now to hear Peter Thiel and George Gilder at this year’s COSM conference in November. Show Notes 00:50 | Introducing Peter Thiel 01:12…

flags of Soviet Union and China

Xi Jinping’s Ruthless March Toward “Common Prosperity”

Part II: The roots of Xi Jinping's "common prosperity" vision and why he's making changes to China's technology sector now

In my previous article we looked at the sweeping crackdown of China’s technology sector, beginning with Jack Ma and Ant Financial, and how this is part of Xi Jinping’s goal of “common prosperity.” While corruption and debt excesses needed to be reined in and people wanted better data privacy protections, Xi’s common prosperity initiative is also about concentrating power, redistributing wealth, and controlling the unpredictable market. In this article we’ll look at the roots of common prosperity and why analysts believe Xi is making these changes now. Appealing to the Working Class In his speech celebrating the hundredth anniversary of the founding of the Communist Party in China, Xi said that the Party will make “notable and substantive progress toward achieving well-rounded human…

LIJIANG,CHINA-FEB 18:Mao statue,with the slogan on wall: " Long live the great Communist Party of China" in Lijiang on Feb 18 2012. Mao, a statesman who laying the foundation of new china

Will China’s Huge Tech Sector Crackdown Stifle Innovation?

Part I: How will the Common Prosperity program really play out in the private sector?

Didi Chuxing (Didi Global, Inc.), the largest ride-hailing company in the world, was reprimanded when it opened on the New York Stock Exchange after regulators warned it needed to shore up its data security issues. Meituan, China’s massive shopping and coupon app, was recently fined $533 million for “anticompetitive behavior.” Alibaba, owned by tech billionaire Jack Ma, had to pay a $2.8 billion fine for the same reasons. Antitrust regulators dinged Tencent, Baidu (China’s Google alternative), ByteDance (parent company for TikTok), and ecommerce company JD.com Inc.  The billion-dollar online private tutoring industry sank after the Chinese government declared that after-school tutoring is now non-profit only. Then the online gaming industry was hit when the Chinese government declared children are only allowed to play for a few…

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person in black long sleeve shirt

Danaylov: Right on Technology, Wrong on AI

Danaylov's confidence in the future of AI super-intelligence is exaggerated

Our future is determined by the stories we tell ourselves. So says futurist Nikola Danaylov in his online series exploring the years and decades to come for humanity. In our previous posts, we introduced you to Danaylov and examined his perspective on science. Now we will turn to his treatment of technology and artificial intelligence. The Technology Story Like his perspective on science, Danaylov brings a balanced understanding to technology. Technology “is not an end-in-itself,” he says. “Instead, technology is merely a means-to-an-end, a tool.”  Jonathan Bartlett has also written about technology as a tool. In 2019, Elon Musk and Jack Ma shared a stage to debate the future of technology and artificial intelligence. Here’s what Bartlett had to say about it: For Ma,…

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Terracotta warriors, China

China’s Data Laws Restrict Businesses and Favor the State

The Data Security Law and the Personal Information Protection Law are part of the Chinese government’s plan to steer the private sector toward State goals

In previous articles, I looked at how the Chinese government is reigning in China’s tech sector first of Jack Ma and Ant Group’s initial public offering on the Shenzhen and Hong Kong stock exchanges and then Didi Global, Inc. The Chinese government has since passed two data laws and released an update that clarifies the 2017 Cybersecurity Law. The result is better protections of citizens’ data from being used, exploited, or sold by private companies, and encroaching government presumption of the private sector in which the State has virtually unrestricted access to and jurisdiction over private companies’ data.  Clarification of the 2017 Cybersecurity Law The Cyberspace Administration of China (CAC) gained oversight powers over other state agencies in 2014 under Xi Jinping. Jane…

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China from space on realistic model of planet Earth with network. Concept of digital technology, connectivity and travel.

What’s Behind China’s Crackdown on Big Tech?

Both China and the U.S. are treating big tech with a heavy hand, but under different motivations

In a previous article I looked at Chinese regulators’ crackdown on Didi Global, China’s ride-hailing service. Didi is one of several Chinese tech giants that have been tamed in the past nine months. Prior to Didi, Ant Group, Tencent, Meituan, and Pinduoduo were all quelled by regulators. After Didi, regulators targeted Full Truck Alliance and Kanzhun. They recently shut down online for-profit tutoring and have banned mining cryptocurrencies in China.  Thus far, the Chinese government’s actions have resulted in almost $1 trillion net losses for the Chinese tech sector.  The two big questions are, Why now? and, relatedly, Who’s next? SupChina has a well-organized explainer on China’s Big Tech Crackdown here. Another helpful resource is this video from DW, “How China is tightening control of its tech companies”: According to SupChina, China’s…

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power line NP background of the sunset, a lot of supports for wires

EMPs. Be Afraid. Be Very Afraid.

Sarah Seguin and Robert J. Marks discuss what might happen if someone tried to attack the United States using an EMP. What kinds of groups might use EMPs for terrorism? Are steps being taken to protect the country’s power grid? Show Notes 00:13 | 1989 Solar Storm 01:31 | HEMP Disruption 04:34 | Introducing Sarah Seguin 05:39 | The United…

China stock market exchange / Shanghai stock market analysis forex indicator of changes graph

China’s Crackdown on Big Tech: Didi Global Inc.

In an authoritarian government, data is power

The Chinese Communist Party is on a campaign to reign in the private sector and some analysts say it is just the beginning. According to Wall Street Journal: Investors, analysts and company executives believe the government is just getting started in its push to realign the relationship between private business and the state, with a goal of ensuring companies do more to serve the Communist Party’s economic, social and national-security concerns. Jing Yang, Keith Zhai, and Quentin Webb, “China’s Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead” at Wall Street Journal. Last November, the Chinese Communist Party (CCP) reined in Ant Group, Ltd. which was poised to open on the Shanghai and Hong Kong index with…

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Abstract background of science and technology

Sarah Seguin on EMPs and How to Protect Your Data

With society’s ever-increasing dependence on technology, a growing concern is the threat of EMPs. Sarah Seguin and Robert J. Marks discuss EMPs, the physics behind such attacks, and potential ways you can protect your electronics and your data. Show Notes 00:12 | Introduction 02:12 | Electromagnetic Capability 04:18 | Defining EMPs 05:17 | The Physics behind EMPs 07:43 | EMPs…

Chinese hacker. Laptop with binary computer code and china flag on the screen. Internet and network security.

U.S. and Allies Formally Accuse China of Exchange Server Hack

This isn’t the first time the Chinese-backed hacker group has infiltrated organizations

On Monday, July 19, three cybersecurity announcements were made: In response to the massive Microsoft Exchange Server hack, the U.S., U.K., Canada, Australia, New Zealand, Norway, Japan, the E.U., and NATO formally accused the Chinese government of engaging in harmful cyberactivity. The U.S. Department of Justice published its indictment of four Chinese hackers associated with the Chinese government, known as APT40. The FBI, CSIS, and the NSA published a cybersecurity advisory cataloging the fifty tactics, techniques, and procedures used by Chinese state-sponsored hackers. Then, on Tuesday, the CSIA and the FBI published a report on state-sponsored international hacking groups that included accusations that the Chinese state-backed hackers infiltrated thirteen oil and natural gas pipeline operators between 2011 and 2013. In…

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Monument Of Chinese Communist Party At Tiananmen Square

Chinese Communist Party: 100 Years of Erasing, Rewriting History

Tiananmen Square: Anyone born after 1980 has no idea that the People’s Liberation Army turned against the demonstrators in front of a gate whose name is “Heavenly Peace.”

“The regime wants us to forget. I hope to use my camera to remember…We are resisting in our memories. We are resisting forgetfulness.” – Kiwi Chow, documentary filmmaker in Hong Kong, referring to the events in Hong Kong in 2019, “In a Scarred Hong Kong, ‘Beautiful Things Are Gone’” Reuters, June 29, 2021 The centenary commemoration of the founding of the Chinese Communist Party (CCP) under Mao Zedong in 1921 commemorates a myth. The party was founded on July 23, but this year’s celebrations commenced July 1, which coincides with the date of the British handover of Hong Kong in 1997. According to China Digital Times, July 1 has a nice symmetry to the dates of the founding of the…

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Human brain with an implanted chip.

Can Implanted Computer Chips Cure Depression?

Brain–computer interface (BCI) is promising for paralysis and prosthetics but raises concerns in the treatment of depression

Brain computer interface (BCI) shows promise in treating paralysis or enabling prosthetics to work almost naturally. But BCI for treating depression sounds like hype: Say goodbye to pills, therapy, and all that. With such gloomy prospects, it was only a matter of time scientists realized there must be better ways to treat depression rather than pills. After all, drugs only work because they act on certain brain regions to modulate the concentration of certain neurotransmitters, like serotonin or dopamine. Therefore, in the end, the regulation of mood depends on stimulating brain signals in certain parts of the brain — that is, neurons firing — and this can be done more accurately by just zapping the neurons directly with electricity. Diego…

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Total population control concept with CCTV videocam and small figures of people

A One-Girl War With the Total Surveillance State —Sci-fi Saturday

The acting, ambience, and special effects in “Bolero” are top quality

“Boléro” at DUST by Sarah Gross (June 13, 2021, 17:24) In a future where telepaths are used by the government to monitor the public and root out insurgents, Maya, a non-speaking teen, witnesses her father’s brutal and unjust execution. Set on a path of revenge and destruction, Maya joins the Resistance, hellbent on tracking down Reader 8, the telepath responsible for her father’s death. However, when Maya finally locates her target after years of searching, she is confronted with a choice: either capture Reader 8 and deliver essential intelligence to the Resistance or take him out and fulfill her vengeful quest. Review: “Boléro” debuted at IMDB in 2019 and has deservedly won some industry awards. The acting, ambience, and special…

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accurate facial recognition software detection technology. blur people with facial scan showing digital personal data and social credit

U.S. Ranked #8 in Countries Using Facial Recognition Technology

7 in 10 governments widely use facial recognition technology

A new report has ranked the United States #8 among 100 countries for widespread use of facial recognition technology (FRT). The report came out of Comparitech last week. A team evaluated the 100 most populated countries to compare their use of FRT. The study analyzed the use of FRT in governments, police departments, airports, schools, banks, workplaces, and on public transportation. The U.S. scored 18 on a scale of 0-40 (0 indicating an invasive use of FRT, and 40 indicating no evidence or an outright ban on the technology), pairing it with Mexico for the eighth ranking in the top 10 list. “There is…growing use of this technology within the US, but buses don’t appear to have FRT installed as…

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Egg power fear hammer

Is More Coercion — in Principle — an “Extension” of Morality?

Activist Garrett Hardin popularized government coercion to “save the planet” in 1968

Recently, the Communist Party of China has announced permission for the three-child family, possibly because of the demographic ruin that the previous one-child family has occasioned in that country. But the basic idea that government should control everything is not new and it did not originate in China. Let’s go back to the 1960s in the United States. In 1968, Garrett Hardin (1915–2003) made a famous appeal in the American Association for the Advancement of Science’s magazine, Science, for good old-fashioned coercion of human beings to stop having so many children: The abstract for his “Tragedy of the Commons” (Science, 1968), a Cool concept at the time, read simply “The population problem has no technical solution; it requires a fundamental…

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New Yuan digital currency of china on red economy graph chart

China Sharply Reins in Big Tech Amid All-Digital Currency Rollout

Ant Group must turn over its vast customer database to the government in exchange for the easing of strict regulations

Earlier, we looked at what China’s new digital yuan, also called Digital Currency Electronics Payment or e-CNY, will mean for Chinese citizens. The rollout may relate to billionaire e-commerce founder Jack Ma’s critiques of China’s regulators and subsequent (temporary) disappearance. Also to the subsequent denial of his Ant Group’s billion-dollar initial public offering on the Shanghai index. Since then, the Chinese government has cracked down on several Big Tech companies while promoting the digital yuan. How China is rapidly reining in its Big Tech industries Chinese media have been promoting the second annual Double Five (i.e., May 5) Shopping Festival in Shanghai. This month-long state-organized shopping festival is part of “National Consumption Promotion Month.” The first Consumption Month festival, held…

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Face recognition and personal identification technologies in street surveillance cameras, law enforcement control.

Canada Orders Facial Recognition App to Cease and Desist

Your face is likely already stored in this app's database

In February, Canada released the findings of a year-long investigation into the US-based facial recognition app, Clearview AI. The investigation declared Clearview’s actions illegal within Canada and ordered the company to cease operations within the country and to remove all Canadian citizens from its database. “What Clearview does is mass surveillance, and it is illegal,” said Canadian Privacy Commissioner Daniel Therrien. So what is Clearview AI? And why has it raised the ire of our neighbors to the North? Clearview AI, Inc. Clearview AI is a facial recognition company marketed primarily to law enforcement agencies. It boasts a database of over 3 billion facial images “scraped” from public sources online such as news articles and social media sites. In other…

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Padlock, China flag on a smartphone and China map, symbolizing the Great Firewall of China concept or GFW and all extreme Internet censorship in China

The Academy Award Goes to… 404

Chinese citizens were suddenly no longer allowed to know of an Oscar for Best Director won by a Beijing-born woman, let alone see the film

As the hoopla from the 92nd Academy Awards last weekend fades, if you search for “Chloe Zhao” on Google, you’ll discover a curious thing: She is the first Asian director and second female director to win an Academy Award for best director, for her film Nomadland. Search for “Chloe Zhao” or her Chinese name, “Zhao Ting,” on Baidu in China and you’ll find “only scattered links to deleted articles about the Academy Award honor” (Wall Street Journal, April 26, 2021). Posts on Weibo and WeChat congratulating her were removed within minutes of the announcement of her win for best director. Rewriting the story in the U.S. Zhao (pictured) was born in Beijing, went to a boarding school in the U.K.,…

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Changing the Past

China: Snitching on Those Who Recall Non-Approved History

The Communist Party of China wants its centennial to proceed this year without memory of the millions dead in the Great Leap Forward, the Cultural Revolution, and Tiananmen Square

“Who controls the past controls the future. Who controls the present controls the past.” – George Orwell, 1984 The Chinese Communist Party (CCP) was formed on July 23, 1921, so is gearing up for the hundredth anniversary of its founding with the theme “Forever Following the Party.” In preparation, the Cyberspace Administration of China has launched a hotline for citizens to report online statements that contradict the Party’s official version of its history. A translation of the announcement from the Central Network Information Office Reporting Center is available on former American diplomat David Cowhig’s blog: One part of the announcement reads: In order to avoid misleading the public with false statements, maintain a clear cyberspace and create a good atmosphere…

Businessman hand holding tablet and Yuan currency sign on digital map backgroung.Chinese Yuan digital currency and circuit background.Technology digital Financial and china cryptocurrency concept.
Businessman hand holding tablet and Yuan currency sign on digital map backgroung.Chinese Yuan digital currency and circuit background.Technology digital Financial and china cryptocurrency concept.

Why China Is Making a Bold Gamble With Digital Currency

“Controllable anonymity” means that all transactions between individuals are visible to the People’s Bank and trackable by the Chinese government

Last week, China announced the national rollout of the electronic yuan, a plan in the works since 2014. The e-CNY* or Digital Currency Electronics Payment (DCEP) was piloted last year in four major Chinese cities: The digital yuan resides in cyberspace, available on the owner’s mobile phone — or on a card for the less tech-savvy — and spending it doesn’t strictly require an online connection. It appears on a screen with a silhouette of Mao Zedong, looking just like the paper money. In tests in recent months, more than 100,000 people in China have downloaded a mobile-phone app from the central bank enabling them to spend small government handouts of digital cash with merchants, including Chinese outlets of Starbucks…