Magical Trade
Friday, March 31, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

‘Pathetic’ performance has left U.S. ‘well behind’ China in 5G race, ex-Google CEO Eric Schmidt says

by
February 17, 2022
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Turkey formally approves Finland’s NATO membership, in setback for Russia

Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire

Eric Schmidt, former chairman and CEO at Google.
John Lamparski | Getty Images

The U.S. government’s “dithering” has left the country “well behind” China in the race to build out 5G technology, former Google CEO Eric Schmidt said, as he urged Washington to step up investment in the next-generation internet technology.

Writing in an op-ed in the Wall Street Journal, Schmidt and Graham Allison, a professor of government at Harvard, said that America is “far behind in almost every dimension of 5G while other nations–including China — race ahead.”

The authors urged the Biden administration to make 5G a “national priority.” Otherwise, they said, “China will own the 5G future.”

5G refers to next-generation wireless internet that promises super-fast download speeds. But it could also form the basis for industrial and military applications and form a way for devices to communicate with each other. That’s why it’s seen as a critical technology and one of the reasons China is moving quickly with its own 5G rollout and future applications.

“The step up to real 5G speeds will lead to analogous breakthroughs in autonomous vehicles, virtual-reality applications like the metaverse, and other areas that have yet to be invented,” Schmidt and Allison wrote. “Applications abound that could advantage a country’s intelligence agencies and enhance its military capabilities.”

The pair also accused the U.S. of falling behind in a number of areas. They said that China’s average 5G download speed is significantly faster than the U.S.’s.

China’s median download speed was just over 299 megabits per second in the third quarter of 2021 versus 93.73 megabits per second in the U.S., according to Speedtest, a company which measures internet speeds.

“Mobile internet speed is a central advancement of 5G, which enables a new domain of breakthrough applications with potent economic and national-security implications,” Allison and Schmidt said.

The authors also said that Huawei, China’s biggest telecommunications equipment maker, still dominates the market “although American sanctions have hurt Huawei.“

Meanwhile, China has been “rapidly allocating the most efficient part” of the wireless spectrum, called midband, to telecommunications companies. The authors claimed that AT&T and Verizon are using the same spectrum band for both their 4G and 5G networks in the U.S.

Allison and Schmidt also said that China is outspending the U.S. when it comes to 5G.

“The pathetic U.S. performance in the 5G race is a sign of America’s larger failure to keep up with China on strategically important technologies. China is also ahead of America in high-tech manufacturing, green energy and many applications of artificial intelligence,” they said.

“On current trajectories, by 2030 it will likely lead the U.S. in the number of semiconductor chips it produces and in applications of biotechnology to defeat diseases like cancer.”

Schmidt has been critical of the U.S. government’s approach to technologies he views as key to the future and has warned on several occasions about the threat of China overtaking.

Last year, a report by the National Security Commission on Artificial Intelligence, which Schmidt chairs, said China could soon replace the U.S. as the world’s “AI superpower” and that could have serious military implications to consider.

Read more on the Wall Street Journal’s opinion piece entitled “China’s 5G Soars Over America’s.”

ShareTweetPin

Related Posts

Turkey formally approves Finland’s NATO membership, in setback for Russia

by
March 31, 2023
0

Turkish President Recep Tayyip Erdogan (R) and Finnish President Sauli Niinisto (L) deliver a joint press conference held after their...

Ford hikes prices on its F-150 Lightning as production resumes after EV battery fire

by
March 31, 2023
0

In this article FF Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle...

Peloton shares are on the up — but will it last? Here’s what Wall Street thinks

by
March 31, 2023
0

Shares of Peloton Interactive are making a comeback, with the stock up by 30% this year. But many investors who...

More home sellers are sitting out of the spring housing market

by
March 31, 2023
0

A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco,...

Disney blocks Ron DeSantis’ Florida power play with a royal family clause

by
March 31, 2023
0

In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Cinderella Castle in Walt Disney World. Roberto Machado Noa |...

Next Post

Treasury yields fall as investors digest Fed update and monitor Russia-Ukraine crisis

Charlie Munger Expects Index Funds to Change the World--and Not in a Good Way

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net