Nvidia CEO Jensen Huang is advocating for revisions to AI chip export rules, aiming to accelerate global diffusion of US AI technology while maintaining dominance, as China rapidly closes the gap in AI capabilities despite Nvidia's planned $500B US investment.
Nvidia's CEO Jensen Huang asserts China matches the U.S. in AI capabilities, praising Huawei as formidable, and urges the U.S. government to prioritize AI policies to accelerate technological development and maintain competitiveness.
Amidst ongoing trade tensions, the U.S. Commerce Secretary revealed a tentative trade deal with an unspecified nation, boosting stock markets as investors await final approval and details from the mystery partner.
The S&P 500 extended its winning streak amid cautious optimism, as investors awaited pivotal tech earnings and economic data while seeking clarity on potential US-China trade deals amidst tariff uncertainty.
Major Chinese tech giants like ByteDance, Alibaba, and Tencent hoarded billions of dollars' worth of Nvidia's H20 AI chips, designed for sale in China, in anticipation of U.S. export restrictions, aiming to stockpile around 1 million chips before the curbs were imposed in April.
China's retaliation against US tariffs by restricting rare earth mineral exports may backfire, as these elements are not truly rare, and the US could increase domestic mining or reduce reliance on them, mitigating the impact on high-tech products that use small quantities.
The IMF cautioned that Trump's tariffs could severely hamper global economic growth, slash US growth projections, fuel domestic inflation beyond the Fed's target, and heighten the risk of a recession in the United States.
Billion-dollar Asian cybercrime syndicates are expanding globally despite crackdowns, exploiting weak governance areas, posing an 'irreversible' threat unless countered through international cooperation and disrupting financing, the UN warns.
Despite a $270 billion market value hit due to Trump-era tariffs, Nvidia CEO Jensen Huang vows to invest $500 billion in U.S. manufacturing while continuing to serve the crucial Chinese market, defying trade tensions and underscoring the company's resilience and long-term vision.
President Trump's tariffs have sparked interest from Japan, South Korea, and Taiwan in investing billions in the massive Alaska LNG project, which involves building an 800-mile pipeline and export facility, as a potential trade deal to avoid high U.S. tariffs.