Trump’s OK of AI Chip Sales in China Called ‘Dangerous’ by Senate Democrats

The U.S. government has reversed its ban on Nvidia's H200 AI chip exports to China, allowing the company to sell these advanced chips to approved customers. This decision comes as Huawei's Ascend 910C chips have shown competitive performance in AI computing, prompting a reassessment of the export restrictions previously imposed due to national security concerns.

Broadcom's stock experienced its most significant decline in ten months after the company reported a sales outlook that fell short of investor expectations, raising concerns about its competitiveness in the AI chip market against rivals like Nvidia.

Intel is set to acquire AI chip specialist SambaNova, a move aimed at bolstering its position in the competitive semiconductor market, particularly against rivals AMD and Nvidia. However, the acquisition is overshadowed by valuation concerns that have emerged during negotiations.

The Trump administration has approved the sale of Nvidia's H200 AI chips to China, marking a significant policy shift that allows the company to re-enter a crucial market after previous restrictions. This decision follows extensive negotiations between tech advocates and defense officials, aiming to facilitate the use of these advanced chips by Chinese companies.

ASML, a Dutch company, is highlighted as a key player in the AI revolution, with its extreme ultraviolet lithography machines enabling significant advancements in artificial intelligence technologies, including those developed by Nvidia and ChatGPT. An exclusive interview with ASML CEO Christophe Fouquet reveals insights into the company's pivotal role in the tech ecosystem.

Christophe Fouquet, CEO of ASML, stated in an interview that China will not accept being cut off from access to Western chips and AI technology, emphasizing the critical role of ASML's extreme ultraviolet lithography machines in the production of advanced AI chips for companies like Nvidia and Apple.

Runway has announced that its GWM-1 'world models' can maintain coherence for several minutes, positioning itself in a competitive landscape that includes major players like Google and Nvidia. This development highlights Runway's advancements in artificial intelligence technology, particularly in generating coherent outputs over extended periods.

Oracle's shares have experienced their largest decline since January, following a report of a significant increase in spending on AI data centers and related equipment, amounting to $15 billion. This news has raised concerns among investors regarding the company's financial strategy and its ability to generate returns from these investments.