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International relations

US Senate passes $250bn China competition bill

Whoever harnesses AI and quantum computing will own the future, Schumer warns

Senate Majority Leader Chuck Schumer talks with reporters on Capitol Hill on June 8.   © AP

NEW YORK -- The U.S. Senate passed comprehensive legislation Tuesday with provisions for $250 billion in R&D-related and other spending, aiming to take on China as the two countries compete for technological leadership.

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