(Reuters) -Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going to win the AI race,” Huang told the newspaper on the sidelines of the Financial Times’ Future of AI Summit. The artificial intelligence chip leader’s chief in…
Michael Burry is betting that AI is more likely a bubble than a revolutionary movement. His fund, Scion Asset Management, revealed November 3 that it invested in the fall of Palantir and Nvidia’s stocks. Burry made a fortune when he predicted the 2008 financial crisis and bet against the U.S. housing market collapse. His instinct…
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a…
The US-China tech rivalry just escalated. President Donald Trump‘s new export ban on Nvidia’s cutting-edge Blackwell AI chip has sent a shockwave through the global technology sector. This significant restriction directly targets the heart of China‘s artificial intelligence development, putting the nation’s ambitious tech dreams under immediate and intense pressure. The move marks a major…
(Reuters) –Microsoft (MSFT) has struck a $9.7 billion deal with data-center operator IREN that includes access to Nvidia‘s (NVDA) advanced chips, aiming to ease the computing crunch that has kept the tech giant from fully cashing in on the artificial intelligence boom. The news sent shares of IREN (IREN) up more than 20% in trading…
President Trump said on Sunday that the most advanced Nvidia (NVDA) chips will be reserved for US companies and kept out of China and other countries. In comments to reporters aboard Air Force One, Trump said only US-customers will have access to high-quality Nvidia Blackwell chips. “The most advanced, we will not let anybody have…
Artificial intelligence giant Nvidia’s most advanced chips will be reserved for U.S. companies and kept out of China and other countries, U.S. President Donald Trump said. During a taped interview that aired on Sunday on CBS’ “60 Minutes” program and in comments to reporters aboard Air Force One, Trump said only U.S. customers should have…
US President Donald Trump on Sunday said that Nvidia’s advanced Blackwell chip for artificial intelligence (AI) would not be available to “other people,” Reuters reported. Nvidia dominates the AI chip market and recently hit a $5 trillion market capitalisation. Since August, questions have arisen over whether Donald Trump would permit shipments of Blackwell chips to…
Jensen Huang during the China International Supply Chain Expo in Beijing (Bloomberg) — Nvidia Corp. made history last week when it became the first company ever to have a market value of $5 trillion. But that’s just one way it’s casting a shadow over the global economy. Most Read from Bloomberg The chipmaker at the…
This week, markets saw a mix of policy shifts and corporate milestones. The Fed signalled caution with a rate cut, Nvidia’s value crossed US$5 trillion, and Amazon began one of its biggest workforce reductions yet. Meanwhile, Singapore’s Coliwoo readies its mainboard debut, and SGX RegCo took bold steps to make listings more flexible and future-ready….