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Top stories today:
- NVIDIA barred by U.S. from selling H20 chip to China, risking $5.5B
- OpenAI said to be weighing social network to rival Elonās X
- Anthropicās Claude gets Google Workspace integration
- China open to talks if U.S. shows respect, names point person
- Meta said to offer $1B to FTC, but couldnāt reach deal before trial
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Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. NVIDIA barred by U.S. from selling H20 chip to China, risking $5.5B
NVIDIA shares -5.74% to $105.76 in pre-market trading on Wed. after the announcement:
The H20 will need an export license to China āfor the indefinite future,ā the U.S. told NVIDIA.
$5.5B in writedowns during the current quarter due to the move, NVIDIA warned in a filing.
The H20 chip was built in response to 2023 U.S. curbs on AI chip exports to China.
NVIDIA reportedly kept its China customers in the dark about the clampdown.
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3. OpenAI said to be weighing social network to rival Elonās X
