Pony AI Inc. (NASDAQ: PONY) shares are trading lower Friday despite the company announcing two significant developments aimed at boosting its autonomous driving capabilities and commercialization efforts.
Chinese autonomous driving company Pony AI Inc and Tencent Holding will collaborate to develop technology and deploy robotaxi services on WeChat and other apps.
Former Alphabet CEO Eric Schmidt warns China will surpass US in AI unless Trump takes action. He also states that US values must be embedded in AI strategy.
Chamath Palihapitiya criticized Nvidia for circumventing U.S. export controls, enabling China to access advanced AI chips, and warned that the company's actions could undermine U.S. interests.
The CEO of Nvidia Corporation (NASDAQ: NVDA), Jensen Huang, has arrived in Beijing following the recent implementation of U.S. restrictions on the company's chip sales to China.
The representatives said DeepSeek's ability to develop cutting-edge AI models suggests that loopholes in the U.S. China chip curb or indirect channels may still exist.
Nvidia failed to warn customers about new U.S. export rules for H20 chip sales to China, resulting in a $5.5 billion charge. Chinese tech giants have been stocking up on chips, driving demand. Despite this, analysts remain optimistic about Nvidia's investments in AI and its plans to develop $500 billion in infrastructure. NVDA stock is down 6.35% at $105.11.
Nvidia Corp. (NASDAQ: NVDA) has reportedly not communicated to some of its major Chinese customers about the new U.S. export rules affecting its AI chip.
Nvidia will take a $5.5 billion charge due to U.S. export restrictions on AI chips to China, but analyst Dan Ives says the long-term AI demand story remains strong despite rising geopolitical tensions.
Nvidia's stock has dropped 17.34% year-to-date, but the company has seen a reversal of planned export restrictions on its H20 AI chips to China after CEO Jensen Huang met with former President Trump at Mar-a-Lago.
From March 29 to 30, the Innovating Hong Kong Global Talent Carnival 2025 (Spring) was held at the AsiaWorld Expo. The event attracted over 400 renowned enterprises from home and abroad, including Matrixport, Tencent, Huawei Hong Kong, Alibaba Cloud, Xiao Hong Shu, Keeta, and Bank of China (Hong Kong). The event aimed to connect job seekers with nearly 20,000 employment opportunities in blockchain, finance, Internet, technology, education and other industries.
Chinese tech giants ByteDance, Alibaba, and Tencent have placed over $16 billion in orders for Nvidia's H20 server chips, driven by increased demand for DeepSeek's low-cost AI models, amid ongoing supply challenges and U.S. export restrictions.
