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As Trump and Xi meet, investors play both sides of AI divide

As Trump and Xi meet, investors play both sides of AI divide

Sept 22 (Reuters) - As China and the US race to build separate AI supply chains, investors are playing both sides, with US banks fundraising for AI upstarts in China and Chinese money flowing to US tech.
AP NewsAP News
China's Alibaba unveils new powerful chip and ambitious AI model plans

China's Alibaba unveils new powerful chip and ambitious AI model plans

China's Alibaba has unveiled new plans for its AI model and new chip technologies, including what it claims is China's most powerful AI chip
Rapid ReadRapid Read
AMD CEO Lisa Su to Attend Trump-Xi State Dinner Amid AI and Semiconductor Tensions

AMD CEO Lisa Su to Attend Trump-Xi State Dinner Amid AI and Semiconductor Tensions

Advanced Micro Devices (AMD) Chair and CEO Lisa Su has announced her attendance at President Trump's state dinner for Chinese President Xi Jinping. This event occurs amidst significant geopolitical tensions between the U.S. and China, particularly concerning artificial intelligence (AI) development and access to semiconductor technology. Su emphasized the importance of the summit for the global technology ecosystem, highlighting the need for stability. Other prominent American tech leaders, including Elon Musk, Sam Altman, Jensen Huang, and Tim Cook, are also expected to attend. The U.S. has implemented export controls on advanced semiconductors, including those produced by Nvidia, to restrict China's access to chips vital for advanced AI models. President Trump has described AI as a potential industrial revolution, underscoring the dual responsibility of expanding U.S. technology while establishing technical safeguards. Su expressed optimism about AI's power and the necessity of building trust in the tech...
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ASML Executive Reports Zero Chipmaking Machine Sales in Europe Amidst Lack of Investment

ASML Executive Reports Zero Chipmaking Machine Sales in Europe Amidst Lack of Investment

ASML Executive Reports Zero Chipmaking Machine Sales in Europe Amidst Lack of Investment
TheStreetTheStreet
Alibaba CEO Eddie Wu drops a bold AI bombshell for investors

Alibaba CEO Eddie Wu drops a bold AI bombshell for investors

Wu laid out an ambitious roadmap for chips, models and infrastructure that stretches years into the future.
AP NewsAP News
Global shares are mixed and oil prices stabilize after Trump says US and Iran met at the UN

Global shares are mixed and oil prices stabilize after Trump says US and Iran met at the UN

Global shares are mixed after Wall Street holds near its record, and U.S. futures are little changed ahead of Chinese President Xi Jinping's state visit to the U.S. and his planned meeting with U.S. President Donald Trump
Lubbock Avalanche-JournalLubbock Avalanche-Journal
It's Debatable explores merits of Mutual Assured Destruction policy

It's Debatable explores merits of Mutual Assured Destruction policy

In this week's It’s Debatable, Rosen and Moster ask if the military’s reliance on Mutual Assured Destruction to prevent nuclear war is a recipe for disaster.
ReutersReuters
Alibaba deepens AI push with new chip, bigger model; shares jump 5%

Alibaba deepens AI push with new chip, bigger model; shares jump 5%

BEIJING, Sept 22 (Reuters) - Alibaba Group said on Tuesday it was developing an AI model up to four times larger than the company's flagship model and unveiled a next-generation AI chip it called China's most powerful, sending shares up 5%.
ReutersReuters
Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes

Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes

By Johann M Cherian and Tharuniyaa Lakshmi Sept 22 (Reuters) - The tech-heavy Nasdaq hit an intraday record high for the first time since early June on Tuesday, underpinned by strong gains in Gemini-parent Alphabet, while optimism over potential U.S.-Iran talks boosted broader market sentiment.
TheStreetTheStreet
Jensen Huang sends bold message to Nvidia shareholders

Jensen Huang sends bold message to Nvidia shareholders

The chipmaker's CEO just signaled where AI demand is really heading
ReutersReuters
Trump plans grand spectacle for potentially tense talks as Xi arrives in US

Trump plans grand spectacle for potentially tense talks as Xi arrives in US

By Trevor Hunnicutt WASHINGTON, Sept 23 (Reuters) - US President Donald Trump welcomes Chinese President Xi Jinping to Washington on Wednesday for a three-day visit where the superpowers' tensions over trade, technology and Tehran will play out against a backdrop of pomp and ceremony.
ReutersReuters
Aerospace suppliers test rare-earth alternatives to ease reliance on China

Aerospace suppliers test rare-earth alternatives to ease reliance on China

By Allison Lampert and Karen Freifeld Sept 21 (Reuters) - Rare earth shortages are pushing some suppliers of aerospace companies to revisit decades-old turbine coating formulas once considered obsolete, after US-China tensions disrupted supplies from the world's dominant producer of critical