A partner at a Chinese semiconductor investment fund has welcomed the U.S. government’s ban of certain advanced chip types to be exported to China, describing the move as “great news” which may stimulate a domestic ecosystem. Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said: “We received the very great … Read more
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New US rules blocking the export of most artificial intelligence chips to China will build upon a sweeping set of restrictions introduced in October 2022. Nvidia makes sought-after AI chips like the H100, and the AI boom has proven to be profitable as its valuation has expanded beyond $1 trillion. Last year’s restrictions meant the … Read more
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Nvidia and a number of other chipmakers saw shares fall Tuesday morning after the U.S. announced new restrictions on exports of artificial intelligence chips to China. Shares of chip stocks have boomed in the last year due to the increased demand for AI products and … Read more
The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. The U.S. government says the new rules are intended to close loopholes that popped up after last year’s restrictions on AI chip exports went into effect. Shares of chip … Read more
Turkey’s President Recep Tayyip Erdogan on Monday sought to influence Russian President Vladimir Putin to revive an settlement that allowed Ukraine to export grain and different commodities from three Black Sea ports regardless of the warfare with Russia. Putin in July refused to increase the settlement, which was brokered by Turkey and the United Nations … Read more
Touch upon this storyComment CAIRO — When Russia invaded Ukraine final yr, and European demand for pure gasoline skyrocketed, Egypt noticed a possibility. Using excessive on the invention of a large offshore subject in 2015, and determined for international money, the federal government ramped up gasoline shipments throughout the Mediterranean. A yr later, throughout a … Read more
You’ve most likely bought a ton of images and movies in your social media and messaging apps at this level—photos of sunsets posted to Instagram, photos of the children posted to household WhatsApp teams, and so forth—however you won’t essentially have these photos and movies saved wherever else. No person’s Actually Watching Reels That may … Read more
PAVLIVKA, Ukraine — The summer time winds carried the odor of burned grain throughout the southern Ukrainian steppe and away from the shards of three Russian cruise missiles that struck the unassuming metallic hangars. The agricultural firm Ivushka utilized for accreditation to export grain this 12 months, however the strike in mid-July destroyed a big … Read more
FRANKFURT, Germany — The German financial system remains to be failing to develop, figures confirmed Friday, because the nation that needs to be the economic powerhouse for all of Europe struggles with excessive power costs, rising borrowing prices and a lagging rebound from key buying and selling companion China. Financial output in Germany stagnated within … Read more
U.S. Treasury Secretary Janet Yellen (R) shakes arms with U.S. Ambassador to China Nicholas Burns (L) on her arrival in Beijing on July 6, 2023, as Yang Yingming, Director Normal of the Division of Worldwide Financial Relations of China’s Ministry of Finance, appears on. Mark Schiefelbein | Afp | Getty Pictures BEIJING — U.S. Treasury … Read more