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US Commerce Department Closes Loophole Letting Chinese AI Firms Acquire Advanced Chips Through Overseas Subsidiaries

US Commerce Department Closes Loophole Letting Chinese AI Firms Acquire Advanced Chips Through Overseas Subsidiaries

Jun 02, 2026
TNW | Nvidia

The US Commerce Department closes a major loophole that allowed Chinese AI firms to secretly acquire advanced Nvidia and AMD chips through overseas subsidiaries, tying export restrictions to a company's headquarters nationality rather than physical location — though hundreds of thousands of chips may have already slipped through during a …

OpenAI Breaks Ground on Massive 1GW Michigan Data Center, Promising Thousands of Jobs and $1 Billion in Tax Revenue

OpenAI Breaks Ground on Massive 1GW Michigan Data Center, Promising Thousands of Jobs and $1 Billion in Tax Revenue

Jun 02, 2026
OpenAI

OpenAI breaks ground on 'The Barn,' a massive 1GW data center campus in Saline, Michigan, promising 2,500+ union construction jobs, 450 permanent positions, $1 billion in tax revenue, and $45 million in AI credits for Michigan students, with key protections ensuring no electricity cost increases for local residents.

NVIDIA Launches AI Toolkit That Auto-Generates Model Documentation With 91% Completion Rate

NVIDIA Launches AI Toolkit That Auto-Generates Model Documentation With 91% Completion Rate

Jun 01, 2026
NVIDIA Technical Blog

NVIDIA launches its Model Card Generator toolkit, automating AI model documentation with a 91% completion rate and 76% accuracy in under a minute, using a three-stage pipeline to produce comprehensive model cards covering Bias, Explainability, Privacy, and Safety, with Oracle already deploying it across OCI AI infrastructure.

Dell Stock Surges 32% in Best Day Ever as AI Server Revenue Explodes 757% and Pentagon Contract Fuels Record Growth

Dell Stock Surges 32% in Best Day Ever as AI Server Revenue Explodes 757% and Pentagon Contract Fuels Record Growth

Jun 01, 2026
CNBC

Dell Technologies stock skyrockets 32.76% in its best single-day performance ever after AI server revenue explodes 757% year over year to $16.1 billion, quarterly revenue surges nearly 88%, earnings crush expectations, and a $9.7 billion Pentagon contract — with President Trump publicly urging Americans to buy Dell shares — fuels …

Nvidia Unveils Vera CPU and Full AI Stack at Computex 2026, Signaling Major Shift Beyond GPUs

Nvidia Unveils Vera CPU and Full AI Stack at Computex 2026, Signaling Major Shift Beyond GPUs

Jun 01, 2026
The Deep View

Nvidia unveils the Vera CPU at Computex 2026, claiming 1.8x faster performance than x86 chips for agentic AI, while launching a full AI stack including the DSX platform, DGX Station desktop supercomputer, and new robotics models — signaling a bold transformation from GPU maker to full-stack AI powerhouse with backing …

Nvidia Launches Cosmos 3: Open-Source AI Model Trained on 20 Trillion Tokens Targets Robotics and Physical AI

Nvidia Launches Cosmos 3: Open-Source AI Model Trained on 20 Trillion Tokens Targets Robotics and Physical AI

Jun 01, 2026
The Deep View

Nvidia unveils Cosmos 3 at GTC Taipei, a fully open-source omnimodal AI model trained on 20 trillion tokens, 1 billion images, and 400 million videos, designed to advance robotics and physical AI through a new mixture-of-transformers architecture capable of reasoning and generating across text, video, images, sound, and action.

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