David Sacks has warned that the US risks losing the global AI competition to China due to excessive negativity and overregulation around the technology. During a conversation with Salesforce CEO Marc Benioff at the World Economic Forum in Davos, the technology investor, who US President Donald Trump appointed as his AI and crypto czar, cautioned…
Rather than seeing it as an olive branch, many Chinese commenters interpreted the move as a sophisticated Trojan horse-style trap that aimed to make Beijing dependent on American technologies in advanced semiconductors and other chokepoint sectors. Trump’s green light for the H200 – a template that he said would be applied to other US chip…
China is rejecting US-made AI chips, specifically Nvidia’s H200, in favour of domestically developed semiconductors, White House AI czar David Sacks has said, essentially casting doubts on Trump administration’s strategy to challenge Chinese tech giants like Huawei by allowing the export of less advanced American chips to capture market share.“They’re rejecting our chips. Apparently they…
Nvidia (NVDA) stock led a sell-off in tech on Friday, plunging as much as 4% as AI valuations continued to be top of mind for investors. Concerns about an artificial intelligence-driven stock market bubble have led to bumpy trading for shares of the “Magnificent Seven” companies in the past week. Circular deals among key players…
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…