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Nvidia CEO Jensen Huang is kicking off the "Woodstock of AI" in a keynote speech Monday. Analysts predict Nvidia will reveal new graphics processing chips that could transform the AI industry. AdvertisementNvidia is kicking of its massive AI event at a California sports arena on Monday. The event has been dubbed the "Woodstock of AI" and Nvidia CEO Jensen Huang is its rockstar headliner. The hype surrounding Huang's speech, and what he will reveal about the future of AI technology, is enormous.
Persons: Jensen Huang, , Jensen, hough, ike C, penAI's Organizations: Nvidia, Service, rockstar, GPU Technology Conference, Wall Locations: Woodstock, California, San
BANGKOK (AP) — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military. It was among 17 companies the U.S. Department of Defense recently added to its list of companies it considers “Chinese military companies.”The revised list also includes Megvii, a Beijing-based artificial intelligence company and IDG Capital, a major private equity investment company with holdings in many Chinese technology companies, and major Chinese energy, telecoms and aviation companies. In a statement issued last week, the company said its LiDARs were not designed to conform to military specifications. Under Biden, the U.S. has further limited China’s access to advanced U.S. technology, limited U.S. investments in strategically sensitive Chinese industries and expanded sanctions on leading Chinese companies like Huawei Technologies. The Defense Department periodically updates its list of now nearly four dozen Chinese military companies to counter links between Chinese military and companies and other entities that it says appear to be civilian.
Persons: Yifan “ David ” Li, Li, Joe Biden’s, Donald Trump, Biden, China’s Organizations: Pentagon, U.S . Department of Defense, IDG Capital, U.S . Department of Commerce, Beijing, Huawei Technologies, The Defense Department, Xiaomi Corp, Apple Inc, U.S ., China’s People’s Liberation Army Locations: BANGKOK, Beijing, U.S
Some Chinese factories, saddled with overcapacity in a struggling economy, are trying to export their way out of trouble and stoking new trade tensions in the process. Makers of electric vehicles, solar panels and other products are cutting prices and trying harder to muscle into overseas markets as they face weakened demand at home, upsetting competitors who see threats to their bottom lines.
Weak inflation was mainly driven by a steeper decline in food prices. Photo: Raul Ariano/Bloomberg NewsHONG KONG—China slipped back into deflation in October after a brief reprieve, highlighting how hard it is for Beijing to reinvigorate domestic demand in the world’s second-largest economy. In contrast to the U.S. and many advanced economies where taming inflation remains a high priority for central banks, China has struggled to revive inflation through most parts of the year—the latest evidence that a string of stimulus measures so far have failed to boost consumer confidence in the midst of a drawn-out property downturn.
Persons: Raul Ariano Organizations: Bloomberg News HONG Locations: Bloomberg News HONG KONG, China, Beijing
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Persons: Dow Jones
A record number of Chinese college students graduated this summer, but landing their dream job may be a long shot. WSJ takes a look at why China’s youth unemployment is at all-time highs. Photo illustration: Adam AdadaChina ramped up efforts to stimulate its beleaguered economy, issuing additional sovereign bonds and raising its budget-deficit target, the first time it revised its budget outside the regular legislative session in more than a decade. The country’s top legislative body approved on Tuesday a plan to raise 1 trillion yuan, equivalent to around $137 billion, in additional sovereign debt, half for use before the end of this year and half for next year, according to the official Xinhua News Agency. Policy makers said the bond issuance was intended for infrastructure projects in the wake of severe flooding and other natural disasters, Xinhua reported.
Persons: Adam Adada Organizations: Xinhua News Agency . Locations: Adam Adada China
Huawei's Ascend AI chips are comparable to Nvidia's in terms of raw computing power, analysts and some AI firms such as China's iFlyTek (002230.SZ) say, but they still lag behind in performance. "This U.S. move, in my opinion, is actually giving Huawei's Ascend chips a huge gift," Jiang said in a post on his social media Weibo account. Huawei and Nvidia did not immediately respond to Reuters' requests for comment. Huawei's partners in China so far include iFlyTek, a leading Chinese AI software company which is using the Ascend 910 to train its AI models. Other partners include state-owned software firms Tsinghua Tongfang and Digital China.
Persons: Benoit Tessier, Jiang Yifan, Jiang, CANN, Woz Ahmed, Ahmed, Meng Wanzhou, IFlyTek, Jiang Tao, Charlie Chai, 86Research, Xi Jinping, Chai, Josh Ye, Brenda Goh Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Nvidia, Huawei, Securities, Tsinghua, Digital, Thomson Locations: Porte, Paris, France, HONG KONG, China, United States, U.S, Digital China
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Persons: Dow Jones
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property sector will continue to be a drag on the economy, UBS saysYifan Hu, regional chief investment officer at UBS Global Wealth Management, discusses the outlook for the country's property sector.
Persons: Yifan Hu Organizations: UBS, UBS Global Wealth Management
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Persons: Dow Jones
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Persons: Dow Jones
Stella Yifan XieStella Yifan Xie is a Hong Kong-based reporter covering the Chinese economy. Previously at the Journal, she reported on capital markets and finance topics in China from both Shanghai and Hong Kong bureaus. Stella was part of a team that won a citation from the Overseas Press Club in international business reporting in 2021. Stella joined the Journal in 2015 from American Public Media’s Marketplace radio program. She also worked at China Economic Review magazine.
Persons: Stella Yifan Xie Stella Yifan Xie, Stella Organizations: Overseas Press Club, National Press Foundation, American, China Economic Locations: Hong Kong, China, Shanghai
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Persons: Dow Jones
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Persons: Dow Jones Locations: asia
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Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones
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Maryviolet | Istock | Getty ImagesResearch suggests it's best to hold off on claiming Social Security retirement benefits until age 70, if possible, to get the biggest monthly payments available to you. That includes 17% of respondents ages 60 to 65, who may be on the brink of retirement, according to the results. Why it pays to wait to claim Social Security benefitsEarly claiming will affect the size of your monthly Social Security checks. For each year delayed past full retirement age to age 70, 8% is added to Social Security benefits. By waiting up to age 70, retirees can lock in the biggest benefit checks available based on their work records.
Persons: , Deb Boyden, Larry Kotlikoff, David Altig, Victor Yifan Ye, Kotlikoff Organizations: Istock, Getty Images Research, Social, Security, Social Security, Social Security Administration, Boston University, Federal Reserve Bank of Atlanta, Opendoor Technologies, Finance
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