Nvidia shares drop, China tech surges as Beijing tries to push homegrown AI chips

Nvidia shares drop, China tech surges as Beijing tries to push homegrown AI chips

The world’s most valuable company may now be facing another China headache, just days after Beijing deemed the chipmaker to have violated the country’s antitrust legislation. China’s top internet regulator, the Cyberspace Administration of China, has asked the country’s leading tech firms, like Bytedance and Baidu, to stop testing Nvidia’s RTX Pro 6000D, reports the…

Read More
‘Tech Prosperity Deal’: Google, Microsoft announce billions of investment in UK as Donald Trump visits Britain

‘Tech Prosperity Deal’: Google, Microsoft announce billions of investment in UK as Donald Trump visits Britain

In a major development aimed at strengthening technological ties between the US and Britain, US President Donald Trump has announced a new “Tech Prosperity Deal.” The pact, unveiled during his state visit to Britain, is supported by commitments of tens of billions of dollars from leading US tech companies like Google and Microsoft.The “Tech Prosperity…

Read More
‘I’m disappointed with…’: Nvidia CEO Jensen Huang after China sends ‘loud and clear’ message to tech companies on banning AI chips

‘I’m disappointed with…’: Nvidia CEO Jensen Huang after China sends ‘loud and clear’ message to tech companies on banning AI chips

CEO of Nvidia Jensen Huang Nvidia CEO Jensen Huang has said that he is disappointed by China’s internet regulator’s reported instruction to the country’s largest technology companies to stop purchasing the US-based chipmaker’s artificial intelligence (AI) chips and to terminate their existing orders. “We probably contributed more to the China market than most countries have….

Read More
China orders tech firms to stop buying Nvidia

China orders tech firms to stop buying Nvidia’s AI chips

China’s internet regulator has instructed leading technology companies to suspend purchases of Nvidia artificial intelligence chips and cancel existing orders, as part of a wider effort to reduce dependence on U.S. technology, the Financial Times informed Wednesday. Shares of the US company were down 1% in premarket trading, News.Az reports, citing Reuters. Successive U.S. administrations…

Read More
Exclusive-Nvidia's new RTX6000D chip for China finds little favour with major firms, sources say

Exclusive-Nvidia’s new RTX6000D chip for China finds little favour with major firms, sources say

By Liam Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) –Nvidia‘s (NVDA) RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed mainly for AI inference tasks, is seen as…

Read More