Virtual assistants, VR headsets and app stores. How tech is changing cars

Shanghai (CNN Business)It was all about autos at one of China’s top tech conferences this week. Mobvoi, a Beijing-based AI startup that produces wearables and vehicle tech, is one of them. The billion-dollar company, which is backed by big namessuch as Volkswagen (VLKAF) and Google (GOOG), has high hopes for its line of Ticwatches, said Yili Lin, vice president of sales and marketing. “In China nowadays, you don’t usually use your wallet anymore, right? You use mobile payments,” he told CNN Business. “I think the [house] key is also gradually replaced by your fingerprint, by facial recognition, right? So you don’t need to bring a wallet, you don’t need to bring a key. Why do you still use a car …

US loosens restrictions on Huawei products temporarily

San Francisco (CNN Business)To help American companies cope with the shock of banning Huawei equipment, the Trump administration temporarily eased up just a bit on its restrictions. “The Temporary General License grants operators time to make other arrangements and the Department space to determine the appropriate long term measures for Americans and foreign telecommunications providers that currently rely on Huawei equipment for critical services,” Secretary of Commerce Wilbur Ross said in a statement. Huawei founder Ren Zhengfei said Tuesday that the US temporary license didn’t “make much sense,” reiterating that the company was prepared for disruptions to its supply chain. “We shall not narrow-mindedly exclude US chips. We shall grow together. But when there is a supply shortage, we have …

Trump issues order to ban foreign telecom gear that poses security risk

Washington, DC (CNN Business)President Donald Trump signed an executive order on Wednesday barring US firms from using telecom gear from sources the administration deems national security threats. The executive order — along with Huawei’s addition to the list — comes as Trump is seeking to apply additional pressure on China in trade talks, with stiffer tariffs affecting billions of dollars of goods. Senior administration officials told reporters that the document reflects Trump’s commitment to keeping the nation’s networks secure from foreign adversaries. And other US officials have openly lobbied allies not to use Huawei gear, arguing that the company’s products could offer the Chinese government a way to spy on sensitive US communications. The Trump administration will develop more specific …