Maggie Eastland / Bloomberg:
David Sacks says China is rejecting Nvidia’s H200 AI chips because the country wants ‘semiconductor independence’ and ‘supports and subsidizes Huawei’— China understood the American strategy to allow it to buy the H200 from Nvidia Corp. and rejects the AI chip…
Trending
- Sources: Apollo Global, Morgan Stanley and others are testing Grok internally as part of xAI’s financial sector push, but financiers rarely use it for their work (Carmen Arroyo/Bloomberg)
- Cisco reports third-quarter revenue up 12% year-over-year to $15.84 billion, compared to an estimated $15.56 billion, forecasts fourth-quarter revenue above estimates and cuts nearly 4,000 jobs; CSCO jumps more than 17% after hours (Jordan Novet/CNBC)
- JD Vance Compares Himself to Child Abandoned at Deranged White House Event
- Allegiant CEO defends low-cost airline plan as Sun Country deal closes
- Beer demand falls due to rising gas prices, data shows
- Musk vs. Altman: Microsoft Executive Michael Wetter Testifies Microsoft Spent More Than $100 Billion on OpenAI Partnership, Including Initial Investments (Bloomberg)
- The FTC says Shutterstock will pay $35 million to settle charges that Shutterstock misled consumers about its subscription plans and made it too difficult to cancel (Jonathan Stempel/Reuters)
- Russia and the Sino-American summit – The Diplomat

