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Hong Kong stocks set to snap winning streak amid US-China trade tensions

The Hang Seng China Enterprises Index dropped 3.2%, led by tech firms, following new US restrictions on chip exports to China.

Technology companies like Meituan, Kuaishou Technology, and JD.com Inc. led the declines in the Hang Seng China Enterprises Index, which fell as much as 3.2%.(AFP/representative )
Published on Apr 16, 2025 12:45 PM IST
Bloomberg |

Jack Ma-backed Ant Group touts AI breakthrough using Chinese chips

These chips are from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co.

The results attained were even similar to those from Nvidia Corp. chips like the H800.(Representational Image/Unsplash)
Published on Mar 25, 2025 08:10 AM IST

Nvidia shares almost recover from DeepSeek rout after Grok 3 launch, Korea order

The South Korean government has announced plans to acquire 10,000 GPUs from Nvidia as the country looks to build a national AI computing center.

Nvidia and DeepSeek logos are seen in this illustration(Reuters)
Updated on Feb 19, 2025 10:21 AM IST

Trump administration considers tighter curbs on Nvidia H20 chip export to China

However, discussions on the matter are currently at an early stage as the new team works through policy priorities

This also comes at a time when Chinese AI startup DeepSeek released its AI model which was developed at a fraction of the cost, compared to competitors like OpenAI, Google, and Meta. It also runs on older Nvidia chips.(AP)
Published on Jan 30, 2025 01:47 PM IST

White House unveils new AI chip sale limits amid industry opposition

The White House announced new limits on advanced AI chip sales, aiming to protect national security while allowing trade.

The Trump administration is left to determine whether and how to enact restrictions that have faced strong industry resistance after the White House announced broad new restrictions on the sale of cutting-edge AI processors by Nvidia Corp. and its competitors.(AP/Ben Curtis))
Published on Jan 13, 2025 06:51 PM IST
Bloomberg |
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