3 w. ago Nvidia’s CEO makes surprise visit to Beijing after US restricts chip sales to China

Jensen Huang causes stir on social media and is reported to have met the founder of AI company DeepSeekThe chief executive of the American chip maker Nvidia visited Beijing on Thursday, days after the US issued fresh restrictions on sales of the only AI chip it was still allowed to sell to China.Jensen Huang’s surprise visit was on the invitation of a trade organisation, according to a social media account affiliated with state media. Continue reading...

Economics

3 w. ago Nvidia boss visits China days after Donald Trump limits AI chip exports – business live

Live, rolling coverage of business, economics and financial markets as Chinese state media publishes photo of Jensen Huang visiting BeijingNvidia boss Jensen Huang has travelled to China for talks despite limits on the chip company’s sales imposed by the White House under Donald Trump.The visit of Huang, chief executive of one of the US’s most valuable companies, will be closely followed amid the vicious trade war between the US and China.The SFO remains committed to stamping out international bribery wherever it may occur.British companies have a duty to prevent the harm caused by bribery when doing business at home and abroad, to ensure that the UK remains a safe and fair place to do business. Continue reading...

Politics

3 w. ago Nvidia hit with $5.5bn charge after promising half a trillion US investment

The world’s biggest chipmaker and AI leader is set to invest heavily in the States across the coming years

Economics

3 w. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

3 w. ago Asian shares sell off as US curbs on Nvidia chip sales to China fuel trade fears; UK inflation slows to 2.6% – business live

Gold surges nearly 2% to new record high; UK food inflation slows and fuel prices fall while clothes prices riseFinancial markets are betting on an interest rate cut from the Bank of England meeting at its May meeting, estimating an 86% probability.They have fully priced in three quarter-point rate reductions this year.A sharp pickup in inflation from April is all but guaranteed. Ofgem’s 6.4% increase to its price cap, after a large fall last year, means we expect the energy component will add 0.7ppts to CPI inflation in April. A significant increase in water bills means the contribution from the core goods category is also set to rise. In addition, we expect businesses to pass on some of the increase in labour costs caused by the recent rises in employers’ National Insurance Contributions (NICs) and the National Living Wage onto consumers. Inflation is likely to peak in the autumn, before starting to cool as the contribution from the energy category fades.The MPC has lowered Bank R...

Economics

3 w. ago Nvidia to take $5.5bn hit as US clamps down on AI chip sales to China

Trump administration’s curbs send chipmaker’s shares sliding in after-hours trading

Economics

3 w. ago Nvidia to take $5.5bn hit as US clamps down on China AI chips exports

Trump administration’s curbs send chipmaker’s shares sliding in after-hours trading

Events

3 w. ago Nvidia to take $5.5bn hit as US clamps down on China AI chip exports

Trump administration requires Silicon Valley chipmaker to obtain special license to sell H20 product

Events

3 w. ago French prisons hit by wave of attacks after clampdown on drug traffickers

Terrorism office launches investigation into assaults including gunmen opening fire on entrance to Toulon jailFrance’s national terrorism office has launched an investigation into a wave of apparently coordinated attacks at multiple prisons across the country believed to be linked to a government clampdown on drug traffickers.Gunmen with automatic weapons opened fire on the entrance to Toulon prison in southern France in the early hours of Tuesday, while in recent days cars have been set alight outside four other jails, and in Marseille a residential building housing prison guards was attacked. Continue reading...

Events