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News on Medial
A $1 million-per-head dinner at Mar-a-Lago is how you get AI chips to China.
The Verge
·
24d ago
Medial
Nvidia CEO Jensen Huang attended a $1 million-per-head dinner at Mar-a-Lago, influencing the White House to pause additional restrictions on Nvidia's AI chip sales to China. Initially, there were plans by the Trump administration to impose further limits on the sales of the 'H20' chips. The dinner reportedly played a role in halting these restrictions, indicating the influence of high-profile gatherings on political and business decisions related to international tech regulations.
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DAMAC chairman vows to invest $20 bn in US data centers
VCCircle
·
7m ago
Medial
Emirati billionaire Hussain Sajwani, chairman of Dubai developer DAMAC, announced a commitment to invest $20 billion in the U.S. data center industry, emphasizing potential growth if market opportunities allow. The announcement, made at President-elect Donald Trump's Mar-a-Lago home, aligns with Trump's focus on enhancing domestic investments amidst U.S.-China economic tensions. This move follows a broader trend of increasing investments in AI technology and infrastructure by major companies, driven by advancements like OpenAI's ChatGPT.
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Mark Zuckerberg to cohost reception with Republican billionaires for Trump inauguration
Economic Times
·
6m ago
Medial
Meta CEO Mark Zuckerberg is cohosting a reception with prominent Republican donors for Donald Trump's inauguration. Despite previously banning Trump from Facebook and Instagram after the January 6 Capitol attack, Zuckerberg is now seeking to improve ties with the former president. The event includes cohosts like Miriam Adelson, Tilman Fertitta, and Todd Ricketts. Zuckerberg recently met Trump at Mar-a-Lago, while Meta donated $1 million to the inauguration fund and adjusted content moderation policies.
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Tim Cook, Steve Schwarzman among business moguls who spent $40,000 to have dinner with Xi Jinping
Economic Times
·
1y ago
Medial
The article discusses how business moguls, including Apple CEO Tim Cook and Blackstone Group CEO Steve Schwarzman, spent up to $40,000 each to dine with Chinese President Xi Jinping at an exclusive dinner in San Francisco. The gala dinner was hosted by the US-China Business Council and the National Committee on US-China Relations, and other top US executives from companies like BlackRock, Bridgewater Associates, and Pfizer were also in attendance. President Xi's visit to San Francisco coincided with his summit with US President Joe Biden.
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Baidu placed AI chip order from Huawei in shift away from Nvidia
Economic Times
·
1y ago
Medial
Chinese AI company Baidu has reportedly ordered 1,600 artificial intelligence chips, the Huawei Ascend AI chips, as a potential alternative to Nvidia. Baidu placed the order ahead of new US government rules on chip exports to China. This indicates how some firms are shifting away from Nvidia, and although the order is relatively small, it is significant. Baidu is known for being a long-time client of Nvidia, and this move highlights Chinese acceptance of Huawei's products as an alternative. The Ascend chips are seen as the most advanced domestic option in China.
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Indian data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO
Economic Times
·
1y ago
Medial
Indian data centre operator Yotta plans to purchase an additional $500 million worth of AI chips from Nvidia, bringing their total order book to $1 billion. Yotta aims to enhance its AI cloud services with these chips, comprising nearly 16,000 units of Nvidia's artificial intelligence chips H100 and GH200. This move is significant for Nvidia, as it faces export restrictions to China and other countries. Yotta is a partner of Nvidia in India and operates data centre campuses in Mumbai, Gujarat, and near New Delhi.
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Nvidia AI chips worth $1B smuggled to China after Trump export controls
Arstechnica
·
14d ago
Medial
At least $1 billion worth of Nvidia AI chips were reportedly smuggled to China following tightened U.S. export controls under the Trump administration, highlighting challenges in restricting China's access to advanced U.S. semiconductors. These chips, crucial for AI development, became highly sought after in China's black market. The smuggling was facilitated by Chinese distributors and intermediaries, despite ongoing legal sales of a less powerful alternative, the H20 chip, which were allowed again after a temporary ban.
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Chip startup Cerebras launches new AI processor
Economic Times
·
1y ago
Medial
Artificial intelligence startup Cerebras Systems has unveiled a new and improved version of its AI chips, claiming they offer double the performance for the same price as previous models. The dinner-plate-sized chips are designed to compete with Nvidia's advanced hardware and are used to power applications like ChatGPT. Cerebras' latest chip uses the same amount of energy but delivers superior performance, addressing the critical issue of power consumption in AI processing. The Wafer-Scale Engine 3 (WSE-3) contains 4 trillion transistors and can perform 125 petaflops of computing. Cerebras plans to sell the WSE-3 systems with Qualcomm AI 100 Ultra chips for inference applications.
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UAE's deal to buy Nvidia AI chips reportedly on hold | TechCrunch
TechCrunch
·
22d ago
Medial
The AI deal between the U.S. and the UAE to purchase Nvidia AI chips is reportedly on hold due to national security concerns. The U.S. fears the chips could end up in China despite UAE and Saudi Arabia's assurances of safeguards. This comes amid increasing worries about chip smuggling to China. The U.S. may impose export restrictions on Thailand and Malaysia, with Malaysia introducing an export permit requirement for U.S. AI chips.
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Tensions flare between the US and China over Huawei's AI chips | TechCrunch
TechCrunch
·
2m ago
Medial
Tensions between the U.S. and China have intensified over semiconductor issues, focusing on Huawei's AI chips. China's Commerce Ministry warned of legal actions against those enforcing U.S. export restrictions on these chips. This follows U.S. guidelines asserting global bans on using Huawei's Ascend AI chips, which China claims undermine trade discussions. In response, the U.S. adjusted its guidelines' language, reflecting the sensitivity and continued complexities in the two nations' trade relationship.
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US prompts Nvidia probe into how chips ended up in China: reports
Economic Times
·
7m ago
Medial
The US Department of Commerce has asked Nvidia to investigate how its products ended up in China, according to The Information. Nvidia has requested major distributors like Super Micro Computer and Dell Technologies to conduct checks on their customers in Southeast Asia. Smugglers have been able to evade detection during recent inspections by Super Micro, with some altering serial numbers of servers that contain Nvidia chips. Nvidia has stressed the importance of adhering to export control restrictions, while Dell and Super Micro have stated their commitment to following regulations. The US government has been cracking down on chip exports to China, including banning the sale of high-end AI chips.
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