Amazon has confirmed another round of job cuts, this time affecting roles within its cloud computing arm, Amazon Web Services (AWS). “In light of a careful evaluation of our organizational priorities and strategic focus areas, we’ve made the tough decision to eliminate certain roles across select AWS teams,” a company spokesperson said. “We recognize the […]
Despite years of U.S. restrictions, Huawei has transformed itself from a telecom hardware supplier into a leading force in China’s AI ecosystem. Once sidelined by trade bans, the Shenzhen-based company now competes head-on with global heavyweights—including Nvidia—by deploying cutting-edge semiconductors, industrial AI products, and full-stack infrastructure. Paul Triolo, the China lead at the DGA‑Albright Stonebridge […]
Nvidia is aiming to introduce more advanced chips to China beyond its current H20 model, CEO Jensen Huang revealed during a press conference in Beijing. This strategic move follows the company’s decision earlier this week to restart sales of the H20 AI chip in the region— a product specifically designed to align with U.S. export […]
In May, Tesla revised its corporate bylaws, introducing a new rule that requires shareholders to hold at least 3% of the company’s stock—currently valued at around $30 billion—to file a derivative lawsuit for alleged breaches of fiduciary duty. This move has drawn strong opposition from officials in New York State, who are now formally urging […]
OpenAI announced on Wednesday that it will begin leveraging Google Cloud infrastructure to support its widely used AI assistant, ChatGPT. This move reflects OpenAI’s increasing need for computing power as demand continues to surge. While the company initially depended solely on Microsoft for its cloud infrastructure, it has since broadened its partnerships. Microsoft had even […]
Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]
Bitcoin dipped below the $117,000 mark on Tuesday following a legislative setback in the U.S. House of Representatives, where several cryptocurrency-focused bills were blocked from advancing. According to Coin Metrics, the digital asset was last trading 2.8% lower at $116,516, retreating from an earlier high of $120,481.86. The decline followed a 196–223 vote, where a […]
The U.S. Department of Defense announced Monday that it has awarded contracts worth up to $200 million to four major AI firms—Anthropic, Google, OpenAI, and xAI—to accelerate the development of artificial intelligence systems aimed at addressing key national security needs. These contracts, coordinated through the DoD’s Chief Digital and Artificial Intelligence Office, will support the […]
In a sweeping move to clean up its platform, Meta announced on Monday that it has eliminated roughly 10 million fake Facebook accounts during the first half of 2025. These profiles were primarily posing as popular content creators and were flagged as part of Meta’s ongoing campaign to crack down on spam and deceptive activity. […]
The European Union has summoned Elon Musk’s artificial intelligence venture, xAI, for an urgent meeting following a series of antisemitic and inflammatory posts generated by its chatbot Grok, including disturbing praise for Adolf Hitler. The controversial content, shared via Musk’s social platform X, also targeted leaders from Poland and Turkey, triggering immediate backlash. EU officials, […]