By Max A. Cherney SAN FRANCISCO (Reuters) -U.S. Republican Senator Tom Cotton has asked the Commerce Department to investigate Singapore-based Megaspeed for allegedly diverting Nvidia chips used for artificial intelligence, according to a letter seen by Reuters on Monday. The letter cites an October report in The New York Times that detailed the alleged diversion…
Beijing stole a page from Washington’s playbook last month by effectively instituting its own chip ban, with Chinese companies now discouraged from purchasing Nvidia’s AI chips. The bold, calculated move has surely rattled Trump administration officials, with their assumptions about China needing American technology. Indeed, the move suggests US President Donald Trump has little leverage….
Alibaba Group chairman Joe Tsai has challenged the prevailing narrative of US-China artificial intelligence competition, arguing that the race has no definitive winner because success should be measured by adoption speed rather than model superiority. “When it comes to AI, there’s no such thing as winning the race. It’s a long marathon,” Tsai said at…
Major technology companies suffered their worst single-day losses since April last week, with Amazon, Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump‘s threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10…
Elon Musk‘s artificial intelligence (AI) startup, xAI, is hiring specialists to boost the development of “world models.” These are next-generation AI systems which are designed to understand and navigate physical environments. The San Francisco-based startup has hired two AI researchers from Nvidia to accelerate this effort. The move positions xAI alongside major rivals like Meta…
In a global first, China has launched a cutting-edge commercial underwater data centre in Hainan. The facility has the potential to upgrade digital service offerings, increase Beijing’s share of global internet traffic and serve as a magnet for foreign direct investment from global technology giants. To make progress, China must find a competitive edge, given…
Tesla CEO Elon Musk is said to earn tens of billions of dollars from a record-breaking compensation package even if he fails to meet most of the ambitious goals set by the bard of the company. As reported by Reuters, Musk could surpass the lifetime earbibggs of CEOs such as Mark Zuckerberg, Larry Ellison, Tim…
(Reuters) -China has intensified enforcement of its import restrictions on U.S. chips, including Nvidia‘s artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production. Chinese customs officials were dispatched to key ports to conduct strict checks on semiconductor shipments, the newspaper said on Friday, citing unidentified sources. China…
(Reuters) -China has ramped up enforcement of its chip import restrictions, aiming to reduce domestic technology companies’ dependence on U.S. products such as Nvidia‘s artificial intelligence processors, the Financial Times reported on Friday. Reuters could not immediately verify the report. Teams of customs officers have been mobilized at major ports across the country in recent…
This article first appeared on GuruFocus. Oct 9 – Nvidia (NASDAQ:NVDA) CEO Jensen Huang has confirmed the company’s investment in Elon Musk’s artificial intelligence startup, xAI, and says he wishes he had gone in even bigger. Speaking with CNBC, Huang described the financing opportunity as exciting and added that he wants to be involved in…