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Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over

Nvidia still hasn’t sold its U.S.-approved China AI chips — and it’s worried local AI rivals could take over

BEIJING — U.S. chip giant Nvidia has yet to recoup its lost sales in China, despite Washington easing some restrictions, and the company is sounding the alarm about rising competition from Chinese rivals. “While small amounts of H200 [semiconductor] products for China-based customers were approved by the US government, we have yet to generate any…

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Park Chan-wook will lead the Cannes Film Festival jury, will be the 1st Korean in the role

Park Chan-wook will lead the Cannes Film Festival jury, will be the 1st Korean in the role

Park Chan-wook, the Korean filmmaker of “Oldboy” and “No Other Choice,” will head the jury at the 79th Cannes Film Festival, festival organizers announced Thursday Park Chan-wook, the Korean filmmaker of “Oldboy” and “No Other Choice,” will head the jury at the 79th Cannes Film Festival, festival organizers announced Thursday. Chan-wook is the first Korean…

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Bitcoin climbs toward ,000 level as U.S. equities rise: CNBC Crypto World

Bitcoin climbs toward $70,000 level as U.S. equities rise: CNBC Crypto World

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, bitcoin is on pace to break a multi-week losing streak. Also, Trump family-backed crypto platform World Liberty Financial says it was targeted by a ‘coordinated attack.’ Lastly, Coinbase chief policy officer Faryar Shirzad discusses the…

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Software SaaSpocalypse? HSBC’s top picks in sector after sell-off

Software SaaSpocalypse? HSBC’s top picks in sector after sell-off

“Software is already eating AI” and will continue to do so, according to HSBC, with the bank shrugging off recent market fears about the sector being displaced by artificial intelligence. Software stocks plunged earlier this month as widespread concerns that AI could make software-as-a-service, or SaaS, business models obsolete, sparked a sell-off and warnings of…

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