The US can’t afford to outsource its chipmaking future, says former Trump adviser Gary Cohn. “The United States, as we know, has to become a chip manufacturer,” Cohn, who served as director of the National Economic Council during President Trump’s first term, said on Yahoo Finance’s Opening Bid. “We cannot be dependent on the rest…
Chinese AI DeepSeek model Chinese AI developer DeepSeek has revealed the cost of training its R1 model, a figure that is significantly lower than those reported by its US rivals. After launch, the DeepSeek R1 model stood out for its cost-efficient development and its open-source nature, offering unlimited free usage to a wide audience. Its…
China has strategically dropped its antitrust investigation into Google while intensifying regulatory pressure on Nvidia and Intel, as Beijing selectively targets semiconductor companies that represent the most critical leverage points in escalating US-China trade negotiations. The decision to terminate the Google probe, which focused on Android’s dominance among Chinese smartphone makers, comes as China simultaneously…
Yahoo Finance’s Jake Conley reports: Nuclear energy represents a $10 trillion potential market opportunity that could hold “the answer to the world’s power shortages,” according to a new report from Bank of America. Rising demand, combined with strong support from the Trump administration and a public narrative turning positive after years of a dour outlook…
By Purvi Agarwal and Sukriti Gupta (Reuters) – U.S. stock index futures gained on Thursday, with those tied to the S&P 500 and the Nasdaq at record highs a day after the U.S. central bank delivered a quarter-point interest rate cut, while Intel climbed after Nvidia decided to build a stake in the company. Intel…
The benchmark Hang Seng index surpassed the 27,000 mark for the first time since July 2021, before edging down 0.18% by midday. (EPA Images pic) HONG KONG: China stocks extended gains to touch another 10-year high today, as domestic artificial intelligence (AI) chip-related developments and a report that local tech giants were banned from buying…
Huawei Technologies unveiled hardware that it said could deliver world-class computing power without using Nvidia’s advanced chips, in a breakthrough that could potentially free the supply chokehold that constrains China’s aspirations in artificial intelligence. The Shenzhen-based telecoms equipment giant said it had developed the “world’s most powerful” supernode computing cluster using local chipmaking processes, providing…
Hong Kong stocks wavered on Thursday, tracking Wall Street’s muted finish, after the Federal Reserve signalled a conservative approach on the pace of future easing. The Hang Seng Index slipped 0.2 per cent to 26,860.61 as of noon trading break, after jumping as much as 0.6 per cent to top 27,000 points. The Hang Seng…
PARIS, FRANCE – JUNE 11: Co-founder and chief executive officer of Nvidia Corp., Jensen Huang attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. VivaTech, Europe’s largest tech trade show, offers a unique digital format for four days of…
Nvidia just got shut out of the Chinese market — this time by the Chinese government instead of the US. China’s internet regulator, the Cyberspace Administration of China, banned domestic tech companies from buying Nvidia AI chips on Wednesday, as first reported by the Financial Times. The agency also told tech companies including ByteDance and Alibaba to stop testing and…