The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing’s latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities. While the plan is not the only option on the…
Nvidia CEO Jensen Huang called for a careful, balanced approach to regulating China’s access to key U.S. technologies essential for advancing artificial intelligence. Speaking with Citadel Securities on Tuesday, Huang cautioned that measures that hurt China could also backfire on the U.S., sometimes with even greater consequences. “Before we leap towards policies that are hurtful…
Tesla CEO Elon Musk’s mother Maye Musk recently took to social media platform X (formerly known as Twitter) to offer a rare glimpse into the relentless work ethic of her son. After attending his Saturday meetings, she admitted, “I only lasted until 11 PM,” while Elon continued hosting back-to-back sessions with passionate teams well into…
Nvidia’s (NVDA) own Big Tech customers are poised to capture a sizable slice of the AI chip market — a dynamic that could eventually dig into the chipmaker’s profit margins. Tech giants have been making moves to bolster their in-house chipmaking businesses. ChatGPT developer OpenAI (OPAI.PVT) — a big customer of Nvidia’s chips by way…
China can sustain annual growth of 4.5 to 5 per cent over its next five-year plan period, former finance vice-minister Zhu Guangyao has said, just days ahead of a key Communist Party conclave to roll out the 2026-2030 blueprint. “We have full confidence that we will accomplish the economic development goal this year. The economic…
The use of economic tools to serve national interests is hardly new. But in the 21st century, such instruments – ranging from unlawful economic coercion to lawful but harmful trade remedies – have become central to the strategic competition between the United States and China. Because the two countries are highly economically interdependent, the weaponisation…
If you’re invested in AI, you might want to pay attention. Bill Smead, founder of Smead Capital Management, says the market frenzy around AI has all the signs of a bubble, driven by the momentum of stocks like Nvidia. “We’re in the crazy stage,” Smead told Business Insider, comparing today’s market to the eve of…
Micron is reportedly planning to stop supplying server chips to data centers in China after the company failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, a report has said. Micron was the first US chipmaker targeted by Beijing in a move seen as retaliatory for Washington’s restrictions aimed…
Micron Technology plans to stop supplying server memory chips to data centres in China after the business failed to recover from a 2023 government ban on its products in critical Chinese infrastructure, according to two people briefed on the decision. Since then, both Nvidia and Intel have similarly fielded accusations from Chinese authorities and an…
A group including BlackRock, Nvidia and Microsoft is buying Aligned Data Centers in an approximately $40 billion deal in an effort to expand next-generation cloud and artificial intelligence infrastructure. The acquisition comes amid a flurry of deals in recent months involving top AI developers that are flooding the booming AI sector with resources and money,…