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US tech firms Nvidia, AMD secure AI deals as Trump tours Gulf states
VCCircle
·
2m ago
Medial
U.S. tech companies Nvidia, AMD, and Qualcomm announced significant AI deals in the Middle East during President Trump's Gulf tour, securing $600 billion in commitments to U.S. firms from Saudi Arabia. Nvidia will supply AI chips to Saudi AI startup Humain, launched by Saudi Arabia's sovereign wealth fund, while AMD has a $10 billion collaboration with Humain. Saudi Arabia aims to become an AI hub, diversifying its oil-reliant economy.
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US tech giants strike major AI deals amid Trump’s tour
YourStory
·
2m ago
Medial
During his Gulf tour, President Trump facilitated $600 billion in US-Middle East AI and defense deals. Nvidia and AMD announced partnerships to supply AI chips and collaborate on infrastructure with Saudi-backed firms. Cisco allied with UAE's G42, while Saudi Arabia's DataVolt plans US AI investments. US firms like Google and Oracle will invest $80 billion in emerging technologies. A $142 billion defense deal was also signed, marking a strategic economic and security collaboration.
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ETtech Explainer: How Trump tariffs hit Nvidia’s China business, and stock
Economic Times
·
3m ago
Medial
The U.S.-China trade tensions are affecting Nvidia's business as the U.S. imposes export restrictions on Nvidia's H20 AI chips. This threatens $5.5 billion in potential sales and impacts other tech firms reliant on Nvidia chips in China. Nvidia's CEO has met with Chinese officials to address stability issues. The restrictions may accelerate China's domestic chip development and hit U.S. tech firms' revenues, including AMD. Nvidia's shares dropped significantly in response.
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Donald Trump launches $500B Stargate project to boost AI infrastructure in the US
YourStory
·
6m ago
Medial
US President Donald Trump announced the launch of 'Stargate,' a $500 billion joint venture by OpenAI and SoftBank, to boost AI infrastructure in the US. The initiative, initially funded by SoftBank, OpenAI, Oracle, and MGX, aims to create over 100,000 jobs and secure US leadership in AI. Key technology partners include Oracle, NVIDIA, and Microsoft. The project includes constructing data centers across the country, supporting AI model training, and enhancing national security.
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Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says
Economic Times
·
6m ago
Medial
During a meeting at the White House, US President Donald Trump and Nvidia CEO Jensen Huang discussed the Chinese company DeepSeek and the regulation of AI chip exports. Amid concerns about China's advancements in AI, the discussion focused on strengthening US leadership in technology. As DeepSeek's AI model gained popularity, it impacted the US tech market. Additionally, the Trump administration is considering further restricting Nvidia's AI chip exports to China to maintain advanced computing power within the US and its allies.
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US restricts sale of AI training chips to China
The Verge
·
1m ago
Medial
The US government has restricted the export of AI training chips from Nvidia and AMD to China and Russia, citing potential military applications. The ban affects Nvidia's A100, H100, and AMD's MI250 chips, used in high-end AI systems. These restrictions form part of a broader US strategy to limit tech exports to curb rival powers. Nvidia's stock fell 6 percent after this disclosure, impacting its estimated $400 million in projected sales in China.
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AMD shares tumble as CEO forecasts declining data center sales
Economic Times
·
6m ago
Medial
AMD's quarterly results surpassed expectations, yet shares fell 10% as investors were unimpressed, hoping for gains against Nvidia in AI processors. AMD reported $3.9 billion in data center revenue, missing the $4.15 billion estimate, and CEO Lisa Su forecasted a 7% decline in this segment for the current quarter. AMD faces challenges from tech giants like Microsoft and Meta, which are developing custom AI chips, while Nvidia retains a dominant market share due to its proprietary CUDA software.
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Jensen Huang Dismisses Fears: US AI Chips Unlikely in China’s Military
StartupTalky
·
22d ago
Medial
Nvidia CEO Jensen Huang believes US concerns about their AI chips enhancing China's military capabilities are unfounded, as Chinese forces are unlikely to adopt US technology due to risks. The US, citing security threats, banned exports of Nvidia’s advanced semiconductors to China. Huang argues that such restrictions unfairly hinder US firms' global competitiveness and could spur China to develop rival technologies. Despite meeting US leaders, including Trump, Huang faces bipartisan pressure to avoid Beijing’s military-linked entities.
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Nvidia, AMD CEOs rally behind President Trump’s AI ‘action plan’
Livemint
·
13d ago
Medial
Nvidia and AMD CEOs support President Trump's AI "action plan," which aims to enhance the U.S. semiconductor industry. The plan, appreciated by the tech and business community, intends to reduce regulatory barriers for AI development and facilitate American tech exports, including semiconductors crucial for AI advancement. The involvement of these chip giants highlights the industry's alignment with government efforts to boost domestic tech capabilities and global competitiveness.
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NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch
TechCrunch
·
2m ago
Medial
NVIDIA and AMD plan to sell new AI GPUs in China to align with U.S. export restrictions on advanced semiconductor technology. NVIDIA will offer a "B20" GPU, while AMD introduces the Radeon AI PRO R9700 for AI workloads. These sales are set to begin in July. NVIDIA also anticipates an $8 billion revenue impact in Q2 due to licensing constraints affecting its H20 chip sales in China, following a $4.5 billion hit in Q1.
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Trump’s flip-flop on Nvidia chips is a win for China
Livemint
·
8d ago
Medial
The Trump administration's abrupt reversal of export restrictions on Nvidia's H20 chips enables their shipment to China, sparking national security concerns. Initially restricted due to fears of enhancing Chinese AI capabilities, the decision allows Nvidia to resume sales once licenses are approved. Previously, Chinese firms like DeepSeek used these powerful chips to advance AI models. This development signifies a regulatory about-face, potentially benefiting China in the geopolitical tech sphere.
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