Trump to Decide on Nvidia H200 Chips to China, Lutnick Says

Nvidia addressed recent accounting allegations in a memo to analysts, asserting that it does not employ Special Purpose Entities to obscure debt or inflate revenue, contrasting itself with the infamous Enron scandal. This response follows a series of stock sales and scrutiny over its financial practices.

Google has initiated discussions with customers, including Meta and major financial institutions, about utilizing its Tensor Processing Units (TPUs) in their own data centers. This move marks a significant step in Google's strategy to compete directly with Nvidia in the AI chip market, where it has traditionally rented out its technology rather than selling it outright.

U.S. operations in the Caribbean are reportedly aimed at both removing the Venezuelan regime and diminishing the influence of Russia and China in the Western Hemisphere. This strategic focus reflects a broader geopolitical maneuvering in response to perceived threats in the region.

Zoom Communications Inc. reported a 4.4% year-over-year increase in Q3 revenue, reaching $1.23 billion, surpassing the estimated $1.21 billion. Enterprise revenue also rose by 6.1% to $741.4 million, with a positive forecast for Q4 revenue, indicating strong demand for its expanded suite of business tools.

President Donald Trump signed an executive order establishing the 'Genesis Mission,' aimed at enhancing innovation through artificial intelligence. This initiative marks a significant step by the administration to promote AI technology and its integration into various sectors.

Paris-based accounting software startup Pennylane is reportedly in discussions for a $200 million investment led by TCV, aiming for a valuation of $4.25 billion, a significant increase from its previous €2 billion valuation in April. This potential funding round highlights the company's rapid growth and increasing market confidence.

Big Tech companies are increasingly taking on significant debt to finance their artificial intelligence initiatives, raising concerns among investors about the sustainability of this financial strategy. In November, investors withdrew $3.5 billion from Bitcoin ETFs, marking a troubling trend for the cryptocurrency market as it heads toward its worst monthly performance since the 2022 collapse.

The Trump administration is currently considering whether to permit Nvidia to sell its H200 artificial intelligence chips to China, a decision that reflects a significant shift from previous export restrictions aimed at safeguarding national security. This deliberation highlights the balancing act between economic interests and security concerns in U.S.-China relations.