Tepper is dumping Wall Street’s hottest artificial intelligence (AI) stock in favor of a cash-rich growth stock in China. Important data releases aren’t hard to come by on Wall Street. For roughly… Article Source https://www.fool.com/investing/2024/11/12/billionaire-david-tepper-sold-93-stake-in-nvidia/
JAKARTA (Reuters) – Indonesia has asked Alphabet’s Google and Apple to block Chinese fast fashion e-commerce firm Temu in their application stores in the country so it cannot be downloaded, a minister said on Friday. The move was intended to… Article Source https://finance.yahoo.com/news/indonesia-asks-apple-google-block-110349140.html
Open AI is set to block Chinese users from accessing its API starting July 9. However, this ban does not apply to Microsoft Azure clients in China, as the company operates in the country through a joint venture. Microsoft has made it clear that AI models will still be available to its customers in China. … Read more
American chip designer Broadcom is reportedly working on an advanced artificial intelligence processor for Chinese tech giant Bytedance. The 5-nanometer chip, known as an application-specific integrated chip (ASIC), will comply with U.S. export restrictions, and production will be outsourced to Taiwan’s TSMC. This move aims to help Bytedance secure a stable supply of high-end chips … Read more
As global markets evolve and digitalization becomes more prominent, investment opportunities emerge, especially in the technology sector. Cisco, a multinational technology conglomerate, is showing increasing interest in China’s growing electric vehicle market. The company’s management is optimistic about the potential for growth in this sector given China’s status as the largest market for electric cars. … Read more
Recently, the United States has implemented a series of measures that are severely impeding China’s efforts to compete with Nvidia, a leading graphics processing unit (GPU) manufacturer. This crackdown is posing a significant threat to China’s ambitions of establishing itself as a major player in the global semiconductor industry. One of the key developments in … Read more
ByteDance, the Chinese tech company behind popular apps like TikTok, is reportedly collaborating with semiconductor company Broadcom to develop a cutting-edge artificial intelligence chip. This partnership between ByteDance and Broadcom, which has not been officially confirmed by either company, could have significant implications for the future of AI technology. By leveraging Broadcom’s expertise in the … Read more
Nvidia, a leading American technology company, has found itself in hot water over allegations that it allowed Chinese companies to obtain its high-powered artificial intelligence chips, despite strict US restrictions on exports to China. One of the main beneficiaries of this alleged loophole is ByteDance, the Chinese tech giant behind popular apps like TikTok. According … Read more
China is making moves to bolster its domestic semiconductor industry by creating the largest semiconductor investment fund in its history, called Gran Fondo III. This fund has raised 344 billion yuan (about $48 billion) from the Chinese central government, banks, and state-owned enterprises. The goal is to circumvent the US government’s ban on chips from … Read more
Intel Corporation has announced a collaboration with Neusoft and ThunderSoft to develop innovative solutions using Intel’s AI-enhanced Software-Defined Vehicle (SDV) system-on-chip (SoC) for intelligent vehicle cockpits in automobiles. This partnership aims to create intuitive driving experiences focusing on comfort and safety by combining the strengths of each company in hardware, software, and technology. Jack Weast, … Read more