The Zions Bank headquarters in Salt Lake City, Utah, US, on Monday, July 10, 2023. Kim Raff | Bloomberg | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. On the banks Following the…
Ex-Google CEO Eric Schmidt recently warned that the US could lose AI race to China. In an All In Podcast interview with venture capitalist Chamath Palihapitiya and David Sacks, Eric Schmidt said that he believed both countries were competing on equal footing, but China is “really doing something more different” than US. “They’re very focused…
Topline President Donald Trump will host tech executives at a Rose Garden event Thursday following a separate gathering on artificial intelligence hosted by First Lady Melania Trump, though Tesla CEO Elon Musk is notably absent from the guest list. Apple CEO Tim Cook speaks during a meeting with US President Donald Trump in the Oval…
Washington China hawks are slamming the approval by US President Donald Trump’s administration of resumption of the sale of Nvidia’s downgraded H20 AI chip to China, questioning the move’s rationale and whether it was part of the June London trade deal between the two countries, as the administration claims. Trump banned the sale of the…
The “uneasy alliance” between America’s tech elite and Donald Trump’s populist right base could undermine the country’s competitiveness against China in the long run by cutting off talent and global markets, according to analysts. They also pointed to growing ties between the tech sector and the defence industry – including a new initiative enlisting senior…
David Sacks, the White House’s AI and crypto czar, has warned that the United States’ overly strict chip export rules could weaken its long-term tech dominance, potentially boosting Chinese rivals. He pointed to January’s “DeepSeek moment” where the launch of the AI model revealed China was perhaps only “three to six months behind” in AI…
We recently compiled a list of the 15 AI News Updates That Broke The Internet. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks that broke the Internet recently. With Trump taking in the reigns soon, steps toward overhauling the US policy have begun….
In This Story President-elect Donald Trump has named David Sacks as the White House’s artificial intelligence and cryptocurrency czar, giving the venture capitalist and vocal Republican donor influence over his administration’s policies. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said “David will focus on making America…