The United States is moving toward tighter oversight of advanced semiconductor exports, as six companies specializing in tracking international technology shipments have expressed support for a proposed law aimed at preventing high-end AI chips from being diverted to China and other restricted destinations. The legislation, known as the Chip Security Act, seeks to strengthen export-control…
ByteDance, the parent company of TikTok, is reportedly in discussions with Shanghai-based Iluvatar CoreX to procure artificial intelligence chips for inference workloads, according to individuals familiar with the matter. The potential agreement highlights China’s accelerating efforts to strengthen its domestic semiconductor ecosystem as global competition in AI hardware intensifies. If finalized, Iluvatar CoreX would become…
NVIDIA has finalized a $5 billion investment in Intel, acquiring approximately 214.7 million shares at $23.28 per share in a private placement. The deal, disclosed in a regulatory filing, grants NVIDIA roughly a 4% equity stake in Intel and follows regulatory approval from US antitrust authorities, including the Federal Trade Commission. The private placement allows…
OpenAI, the company behind ChatGPT, is taking unprecedented steps to secure its position in the global artificial intelligence hardware race, ordering hundreds of billions of dollars’ worth of chips despite its revenues being a fraction of that amount. According to industry reports, OpenAI has committed to purchasing 26 gigawatts of high-end data processors from major…