Kyle Bass condemns the technology transfer of an atomic nuclear battery capable of powering electronic devices without charging.
Kyle Bass has been an ardent critic of the technology transfer by Western companies to China over the past four decades, claiming that a pool of China’s cheap labour and access to its vast surplus of rare earth metals has come at a cost.
The relocation of Western factories to China, which started about four decades ago, represented the greatest technological transfer in history.
“The relocation of Western factories to China, which started about four decades ago, represented the greatest technological transfer in history”
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The short-sighted benefits for Western corporations were obvious, cheap labour and an abundance of rare earth metals leading to increased profit margins which made the corporate border and shareholders jolly. China played the long game and won the Marshmallow test, it has moved up the food chain and is no longer the world’s cheapest factory for making low-tech, low value goods.
Today, China has five top AI companies and is leading in battery technologies, and some of that could partly be due to technology transfer. Corporate espionage is widespread, business as usual, with US companies spying on European companies and vice-versa.
But a government department handing over prized technology to a foreign rival is bound to raise a few eye eyebrows.
“Today, China has five top AI companies and is leading in battery technologies”
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Taking to the X sphere, Kyle Bass condemns the technology transfer
“What’s going on in the U.S. Department of Energy? Why did we hand this technology over to the Chinese Government? “The Chinese company didn’t steal this technology. It was given to them — by the US Department of Energy. First in 2017, as part of a sublicense, in case you didn’t know,” posted Kyle Bass.
This is all very confusing as the narrative being told is of deteriorating bilateral US-China relations and a technology race with both running neck and neck in fourth-revolution technologies.
It sounds like a plot for a John le Carré spy novel with a competitor providing its rival with a heads-up, about an agent of a rival.
“atomic energy battery that mainly uses nickel-63 as the energy source and diamond semiconductor as the energy converter” – Betavolt
Undercover foreign agents in government?
Kyle Bass noted a Chinese company developing a micro #nuclear battery. It’s smaller than a coin and can generate electricity at 3V constantly for over 50 years without charging maintenance, or radiation leakage. We would need to do a fact-check on this, but if it is true, it would be the energy breakthrough of the century.
“In 2021, as part of a license transfer. An investigation by NPR and the Northwest News Network found the federal agency allowed the technology and jobs to move overseas, violating its own licensing rules while failing to intervene on behalf of US workers multiple times,” wrote Kyle Bass.
The Chinese company in focus is “Betavolt,” It recently announced it had created an “atomic energy battery that mainly uses nickel-63 as the energy source and diamond semiconductor as the energy converter.”
The battery would have a lifespan of 50 years and have applications in AI devices, medical, MEMS systems, intelligent sensors, small drones, and robots. But making radioactive material as readily available as an alkaline battery would make a dirty bomb as easy to make as baking a cake.
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