Trump Weighing Advanced Nvidia Chip Sales to China, Lutnick Says

US Commerce Secretary Howard Lutnick emphasized the need for the European Union to ease technology regulations while discussing potential steel and aluminum trade agreements. He also addressed the implications of selling Nvidia's H200 chips to China and the upcoming Supreme Court ruling on tariffs from the Trump Administration during an interview on Bloomberg Surveillance.

Commerce Secretary Howard Lutnick announced that the decision to authorize sales of Nvidia’s H200 artificial intelligence chips to China is currently awaiting President Donald Trump's approval. This move comes amid ongoing discussions about the implications of such sales on national security, as highlighted during Lutnick's appearance on Bloomberg Surveillance.

WeRide Inc. has reported a reduced net loss for the third quarter, attributed to an increase in robotaxi orders, as the company competes in the expanding global market for autonomous taxis. This development indicates a positive trend for WeRide amidst a competitive landscape in the driverless vehicle sector.

China has achieved a significant energy milestone by successfully breeding uranium from thorium, marking a notable advancement in nuclear technology. This process could potentially enhance the country's energy production capabilities and contribute to its long-term energy strategy.

Beijing-based AI startup is negotiating with global investors, including IDG Capital, for a funding round that could raise several hundred million dollars, potentially valuing the company at around $4 billion. This move highlights the growing interest in AI technologies in China.

Four individuals, including a Chief Technology Officer, have been arrested and indicted for illegally exporting Nvidia chips to China. The charges include illegal exports, smuggling, and money laundering, highlighting serious concerns over national security and compliance with export regulations.