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☆ Teen’s Missing AirPod Leads to Arrest of Driver Accused of Hitting Him
▼ + stars: | 2024-05-29 | by ( Michael Levenson | ) www.nytimes.com time to read: 1 min

Lochlan Nicol, 15, of Jensen Beach, Fla., was biking to a gas station and convenience store near his home to buy ice cream last week when a driver heading in the opposite direction suddenly turned into the station and hit him, he said. It was about 10:30 p.m. on May 22, and Lochlan was hit so hard that his head crashed through the rear passenger-side window, breaking his nose, cheekbone and eye socket, and knocking him unconscious. The driver pulled Lochlan out of the road, left him outside the gas station and then drove away, according to Sheriff William D. Snyder of Martin County. What the driver didn’t know was that he had driven away with a tracking device — the AirPod that Lochlan had been wearing, which had been knocked out of his ear and had lodged under a floor mat inside the car, Sheriff Snyder said.

Persons: Lochlan Nicol, Lochlan, William D, Snyder, Sheriff Snyder Locations: Jensen Beach, Fla, Martin County

☆ Nvidia insiders reveal how Jensen Huang wants emails to be written
▼ + stars: | 2024-05-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Jensen Huang's emails run to no more than six lines, former Nvidia workers told Business Insider. They follow a "TL;DR approach" and the Nvidia CEO expects the same from his employees. AdvertisementJensen Huang has a distinctive way of writing emails and expects the same from Nvidia employees. Three former Nvidia workers said Huang's emails are usually concise, no more than six lines long, and he expects people to cut to the chase. This story is available exclusively to Business Insider subscribers.

Persons: Jensen, —, Jensen Huang Organizations: Nvidia, Business, Service Locations: Yorker

☆ For some millennials, the reality of their retirement plans is that they're a fantasy
▼ + stars: | 2024-05-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The documentary chronicles the rise and fall of the movie-ticket-subscription company MoviePass, and is based on award-winning reporting from Business Insider . The big storyRetirement mathGetty Images;Alyssa Powell/BIFor some millennials, the reality of their retirement plans is that they're a fantasy. AdvertisementIt's not the first time we've gotten troubling data about millennials' retirement plans. But it's not just a lack of savings working against millennials' plans of riding off into the retirement sunset. AdvertisementAnd if you're hoping for a Hail Mary in the form of a fat inheritance to jumpstart your retirement plans, that's not looking great either.

Persons: —, MovieCrash, Alyssa Powell, Jacob Zinkula, William Edwards, we've, it's, millennials, Hail Mary, that's, Juliana Kaplan, It's, Johannes Simon, Neel Kashkari, Sam Altman, Justin Sullivan, Oliver Mulherin, Scarlett Johansson, Altman, Jensen Huang, Adam Neumann, Neumann, WeWork, Moviegoing, there's, BI's Peter Kafka, Sheryl Sandberg, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Max, Business, Hail, Reserve Survey, Consumer, Wall, Minneapolis, UBS, Google, Nvidia, BI, Hollywood, HP Locations: Swiss, BI Denmark, New York, London

☆ LLMs, GPUs, and hallucinations — what you need to know about AI
▼ + stars: | 2024-05-29 | by ( Aaron Mok | Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Here's a list of the people, companies, and terms you need to know to talk about AI, in alphabetical order. GPU: A computer chip, short for graphic processing unit, that companies use to train and deploy their AI models. Nvidia's GPUs are used by Microsoft and Meta to run their AI models. Multimodal: The ability for AI models to process text, images, and audio to generate an output. As a profession, prompt engineers are experts in fine tuning AI models on the backend to improve outputs.

Persons: —, Sam Altman, Altman, OpenAI's, Dario Amodei, Claude, Demis, Hassabis, Jensen Huang, Satya, Mustafa Suleyman, OpenAI, Elon Musk, Sam Bankman, Peter Thiel, Bard, James Webb, empiricists Organizations: Service, Business, OpenAI, Google, Nvidia, Microsoft, Bing, Meta, James Webb Space Telescope Locations: OpenAI, Anthropic

☆ Why Eli Lilly shares should be up on its latest news, plus Nvidia keeps rolling
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"There's not enough money to take up Nvidia this much and the rest of the market," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.

Persons: Jim Cramer, Salesforce, CNBC's David Faber, Lilly, Eli Lilly, Cramer, Abercrombie &, Jim Cramer's, Jim, Jensen Huang, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Management, Abercrombie, Abercrombie & Fitch, Chewy, Dick's Sporting Goods, Advance, Jim Cramer's Charitable, Technology, Bloomberg, Getty Locations: Informatica, HubSpot, Indiana, San Jose , California

☆ This cybersecurity stock is breaking out as industry rides the AI boom, according to the charts
▼ + stars: | 2024-05-28 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Crowdstrike (CRWD) is a best-in-class cybersecurity leader that is poised for a technical breakout from resistance, despite being richly valued. One of the top concerns for firms in a post-pandemic world of remote, at-home workers is cybersecurity. Plus, the industry will also benefit greatly from the generative AI and cloud computing boom. And the long-term outlook for cybersecurity stocks is quite bullish as we power into what Nvidia's Jensen Huang refers to as 'the next industrial revolution'. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Cybersecurity, Morgan Stanley, Elliott, Nvidia's Jensen Huang, Todd Gordon, Gordon, CRWD Organizations: Alto Networks, Palo Alto Networks, Tactical Alpha, Edge, Inside Edge, Inside Edge Capital Management

☆ 7 US tech billionaires have seen a $230 billion surge in wealth this year as stocks soar on the promise of AI revolution
▼ + stars: | 2024-05-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Jensen Huang is leading the pack with a $50 billion wealth gain so far this year. Steven Ferdman/Getty ImagesYTD wealth gain: $17.7 billionTotal net worth: $148 billionSource of wealth: Microsoft stock, which is up 14% year-to-date. Jeff BezosAdvertisementReutersYTD wealth gain: $26.6 billionTotal net worth: $203 billionSource of wealth: Amazon stock, which is up 19% year-to-date. Jeff Bottari/Getty ImagesYTD wealth gain: $42.0 billionTotal net worth: $170 billionSource of wealth: Meta Platforms stock, which has surged 35% year-to-date. Vincent Thian/APYTD wealth gain: $49.6 billionTotal net worth: $93.6 billionSource of wealth: Nvidia stock, which has soared 123% year-to-date.

Persons: Jensen Huang, —, Huang, Steve Ballmer, Steven Ferdman, Jeff Bezos, Sergey Brin Lionel Hahn, Larry Page, Jeff Chiu, Michael Dell Dell, Michael Dell, Mark Zuckerberg, Jeff Bottari, Vincent Thian Organizations: Service, Nvidia, Bloomberg, Microsoft, LA Clippers, Getty, Google, Dell, UFC Locations: San Francisco , California, Las Vegas

☆ CNBC Daily Open: Musk's AI start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share. Google AI Overview misfiresGoogle's "AI Overview" feature in search is facing criticism for producing incorrect or controversial responses.

Persons: Jensen, Huang, Glass Lewis, Elon Musk, Obama, Eli Lilly, Eli Lilly's, Weizhen Tan Organizations: CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google Locations: Texas, Indiana

☆ Take profits or let it ride — undecided Nvidia investors should ask themselves 3 questions
▼ + stars: | 2024-05-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Last week, we explored the question: Can investors with little to no shares still buy Nvidia after these record runs? We aren't saying run out and sell shares right now if you are sitting on huge paper profits. Through the years, Nvidia shares have hit pockets of turbulence. This Nvidia run is being driven by investments into AI infrastructure. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jensen Huang, Jensen, Jim Cramer, It's, Nvidia —, We've, Eaton, we've, Jim Cramer's, Jim, David Paul Morris Organizations: Nvidia, Devices, Intel, Blackwell, Club, Apple, Broadcom, CNBC, Nvidia Corp, Technology Conference, Bloomberg, Getty Locations: overbought, San Jose , California

☆ Inside Amazon's struggle to crack Nvidia's AI-chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +15 min

"I'm not aware of anyone using AWS chips in any sort of large volumes," Rasgon told Business Insider, referring to Amazon's AI chips. This time, the idea is to avoid paying for expensive Nvidia GPUs, while still providing cloud customers with powerful AI services. An obvious response to this would be to have cloud customers use Amazon's AI chips instead. However, some of the largest AWS customers have not been willing to use these homegrown alternatives, the documents said. For example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option.

Persons: —, Stacy Rasgon, Bernstein, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, Omdia, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, CUDA, Ramaswamy, James Hamilton, Jassy, Gartner, Huang Organizations: Service, Microsoft, Google, Business, Services, Nvidia, Intel, Amazon, NVIDIA CUDA, Netflix, Neuron, AWS, NVIDIA, Amazon VP, James Hamilton Amazon, BI Locations: CUDA, Toronto

☆ CNBC Daily Open: Musk's artificial intelligence start-up raises $6 billion
▼ + stars: | 2024-05-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Nvidia CEO's net worth soarsNvidia CEO Jensen Huang's net worth soared to over $90 billion as better-than-expected earnings sent the company's stock soaring to a record high. Last Thursday, the stock rose more than 9% to close at nearly $1,038 per share.

Persons: Elon Musk, The Beverly Hilton, Jensen, Huang, Glass Lewis, Obama, Weizhen Tan Organizations: SpaceX, Tesla, The Beverly, CNBC, Nasdaq, Dow Jones, Treasury, Nvidia, Investors, Google, Nikkei, Bank of Japan's, CSI Locations: Beverly Hills , California, U.S, Texas, Asia, Pacific

☆ Inside Amazon's struggle to crack Nvidia's AI chip dominance
▼ + stars: | 2024-05-28 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

The in-house AI chip efforts have yet to make a major dent in Nvidia's grip on the market. 'Parity with CUDA'Internally at Amazon, Nvidia's CUDA platform is repeatedly cited as the biggest roadblock for the AI chip initiative. AdvertisementAn obvious response to this would be to have cloud customers use Amazon's own AI chips instead. AdvertisementFor example, AWS's AI chips still have "compatibility gaps" in certain open-source frameworks, making Nvidia GPUs a more popular option. Don't count Amazon outDespite Amazon's AI chip struggles, the effort seems to have caught the attention of Nvidia's CEO Jensen Huang.

Persons: —, Bernstein, Stacy Rasgon, I'm, Rasgon, Adam Selipsky, Jensen Huang, Andy Jassy, Inferentia, Trainium, We're, Snowflake's, Sridhar Ramaswamy, Eóin Noonan, Ramaswamy, James Hamilton, Jassy, Gartner, Amazon's, Huang Organizations: Service, Microsoft, Google, Business, Nvidia, Intel, Amazon, BI, Annapurna, NVIDIA CUDA, Netflix, Neuron, AWS, Amazon VP, James Hamilton Amazon, Amazon SVP Locations: Inferentia, Toronto, Canada, CUDA

☆ Former OpenAI board members say the company can't be trusted to govern itself
▼ + stars: | 2024-05-27 | by ( Lloyd Lee | Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewTwo former OpenAI board members say artificial intelligence companies can't be trusted to govern themselves and that third-party regulation is necessary to hold them accountable. Helen Toner and Tasha McCauley were board members at OpenAI before they stepped down in November amid a chaotic push to oust OpenAI cofounder Sam Altman. AdvertisementWith Altman back at the helm, Toner and McCauley wrote that OpenAI can't be trusted to hold itself accountable. Related storiesThe former board members wrote that they once believed that OpenAI could govern itself, but "based on our experience, we believe that self-governance cannot reliably withstand the pressure of profit incentives." AdvertisementThe board's 22 members include Altman and chief executives of large tech companies, including Nvidia CEO Jensen Huang and Alphabet CEO Sundar Pichai.

Persons: —, Helen Toner, Tasha McCauley, OpenAI, Sam Altman, Altman, Scarlett Johansson, Chat, Toner, McCauley, — bode, Jensen Huang, Sundar Pichai, ethicists, Margaret Mitchell Organizations: Service, Business, Department of Homeland Security, Artificial Intelligence, Security Board, Nvidia, Ars Technica Locations: OpenAI

☆ Nvidia's Jensen Huang praises Elon Musk's efforts at Tesla
▼ + stars: | 2024-05-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Jensen Huang had positive words about Tesla's efforts in an interview last week. The support comes weeks before Tesla shareholders are set to vote on Elon Musk's pay package. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia CEO Jensen Huang gave electric vehicle maker Tesla a shoutout during an interview with Yahoo Finance last week. "Tesla is far ahead in self-driving cars, but every single car, someday, will have to have autonomous capability," Huang said in the interview posted to YouTube Thursday.

Persons: Jensen Huang, —, Tesla, Huang Organizations: Nvidia, Elon, Service, Yahoo Finance, YouTube, Business

☆ No, Americans Aren’t Completely Stupid About Inflation - The New York Times
▼ + stars: | 2024-05-27 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

Stefanie Stantcheva was 11 years old in 1997 when annual inflation in Bulgaria, the country from which she and her family had emigrated, surpassed 2,000 percent. “The episode helped shape her eventual decision to study economics,” according to a profile in the International Monetary Fund’s Finance & Development magazine. Inflation and how people perceive it still fascinate Stantcheva, now a professor of political economy at Harvard and the founder and director of its Social Economics Lab. This year she released a pair of papers on the topic, the first about why people dislike inflation and the second, with a pair of co-authors, about how they understand it. Some people will take this as evidence that ordinary Americans are simply wrong.

Persons: Stefanie Stantcheva, we’re, Tom Jensen Organizations: Monetary Fund’s Finance, Development, Harvard, Social, Econ, Public, Democratic Locations: Bulgaria

CNN —As many as 2,000 people are feared to have been buried by last week’s massive landslide in Papua New Guinea, according to the country’s National Disaster Centre, as survivors recounted the horror losing so many loved ones. The landslide occurred in the mountainous Enga region in northern Papua New Guinea on Friday and the latest missing figure is a sharp rise from earlier estimates. Mohamud Omer/International Organization for Migration/APMiok Michael, a local community leader, told CNN that it was likely there were few survivors. But that may now be a major underestimate according to the latest projection from Papua New Guinea’s disaster agency. “There are no reports of earthquakes at this time but we did have quite a lot of rain and a lot of unseasonal weather happening across Papua New Guinea,” Jensen said.

Persons: Kambu, ”, “, Mohamud Omer, Michael, Laso Mana, Chris Jensen, ” Jensen, Justine McMahon, ” McMahon, Pierre Rognon, it’s, Alan Collins, ” Collins, Jensen, we’ve Organizations: CNN, Disaster, Reuters, International Organization for Migration, United Nations, Mission, National Disaster Centre, UN, World, CARE International, University of Sydney’s School of Civil Engineering, University of Adelaide Locations: Papua New Guinea, Yambali, Highlands, Papua, Kaokalam, Port Moresby

☆ An early retiree describes the journey as a 'death march' and shares his top regrets: Working 80-hour weeks 'made us wealthy, but I wouldn't do it again'
▼ + stars: | 2024-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Carl spearheaded their financial independence journey after discovering blogs like "Get Rich Slowly" and "Mr. Money Mustache" around 2010. He likens his financial independence journey to "a death march" — and has regrets. Jensen, who has done seven 'live-in flips,' chose to do most of the renovations himself. Advertisement"The whole point of financial independence is to increase your happiness and live a better life," he said.

Persons: —, Carl Jensen, Mindy, Carl, they've, Jensen, We've, It's Organizations: Service, Business

☆ CNBC Daily Open: Dow sinks 600 points, Nvidia soars
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.

Persons: Jensen Huang, Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, General Merrick Garland Organizations: SAP Center, CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, U.S . Department of Justice, Ticketmaster, Wall, Microsoft Locations: San Jose , California, China

☆ Nvidia has the best reputation of any U.S. company—Costco and Trader Joe's just missed the top 10
▼ + stars: | 2024-05-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

America has a new favorite brand: Nvidia, the computer chip company that's helping power an artificial intelligence revolution. The result is a measurement "of the reputations of companies most on the minds of Americans," Axios wrote on Wednesday. Both Nvidia and second-place 3M — a multi-industry conglomerate based in Maplewood, Minnesota — were the only two companies on the list to score an "excellent" reputation. Other consumer brands from last year's top five — Costco, Trader Joe's and Chick-fil-A — rank 11th, 13th and 21st, respectively. 3 on last year's list, didn't qualify as one of the country's most-visible companies this year.

Persons: Axios Harris, Axios, Harris, Jensen Huang, Huang, Joe's, John Deere Organizations: Nvidia, Fidelity, Sony Adidas, Honda Motor Company Patagonia Apple Samsung, Google, Forbes, Maplewood , Minnesota —, Costco, Trump Organization, Spirit Airlines, Meta, Fox Corporation Locations: America, Maplewood , Minnesota, Patagonia

☆ Nvidia CEO Jensen Huang's net worth swells from $3 billion to $90 billion in five years
▼ + stars: | 2024-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia shares have more than doubled this year after tripling in 2023. OpenAI does most of its AI development on Nvidia GPUs.

Persons: Jensen Huang, Huang, OpenAI Organizations: Nvidia, Technology, Microsoft, Google, Meta Locations: San Jose , California

☆ Stock market today: Indexes pop after Nvidia's blowout earnings report
▼ + stars: | 2024-05-23 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

Stocks jumped Thursday with investors feeling buoyant after Nvidia's big first-quarter earnings report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company, whose chips are at the heart of the artificial intelligence boom, beat on both revenue and earnings. It reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59.

Persons: Stocks, Raphael Bostic, —, Blackwell, AI Jensen, Dan Ives Organizations: Atlanta Fed, Service, Nvidia, Securities, Microsoft, Atlanta Federal Reserve, Here's

☆ Nvidia shares pop 10% to record high after forecast signals unwavering demand for AI chips
▼ + stars: | 2024-05-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia shares jumped more than 10% on Thursday after the company on Wednesday reported earnings that topped Wall Street estimates and showed that there's still ferocious demand for its artificial intelligence chips. First-quarter revenue came in higher than expected at $26.04 billion compared with the LSEG estimate of $24.65 billion. The company issued strong guidance, saying it expects $28 billion in revenue for the current quarter, beating the LSEG estimate of $26.61 billion. Shares passed $1,000 for the first time, reaching an all-time high of $1,051.96 during intraday trading, and are up about 111% this year. Nvidia on Wednesday announced a 10-for-1 stock split, with shares set to begin trading on a split-adjusted basis at market open on June 10.

Persons: Jensen Huang, there's, Bernstein's Stacy Rasgon, Jefferies, Blackwell Organizations: Nvidia, Intelligence, SAP Center, Wednesday Locations: San Jose , California

☆ Jensen Huang is turning Nvidia's chips into the iPhone of the AI world
▼ + stars: | 2024-05-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +1 min

It looks like Jensen Huang wants to announce a new Nvidia chip ever year too. As demand for Nvidia's AI chips soars, Huang looks set to put chip release on a "one-year rhythm." AdvertisementJensen Huang knows the world simply can't get enough of his chips. Those eye-watering numbers signal that demand for Nvidia's specialty chips, known as GPUs, will not let up anytime soon. This story is available exclusively to Business Insider subscribers.

Persons: Tim Cook, Jensen Huang, Huang, — Organizations: Apple iPhone, Nvidia, Service, Companies, Google, Business

☆ The world's top chipmakers can push a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can push a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday. But Nvidia CEO Jensen Huang told Bloomberg TV on Tuesday that that the world's tech sector is likely to continue depending on Taiwanese manufacturing for "some time."

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany

☆ The world's top chipmakers can flip a 'kill switch' should China invade Taiwan, Bloomberg reports
▼ + stars: | 2024-05-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewTwo of the world's most important chip companies can flip a "kill switch" remotely on their most advanced chipmaking machines should China invade Taiwan, Bloomberg reported on Tuesday, citing people familiar with the matter. The Netherlands's ASML — Europe's top tech company by market value — supplies advanced machines to chip-making companies. The US has also pressured the Netherlands to block some ASML exports to China to limit the country's ability to manufacture advanced chips. The Dutch company has also said it will stop servicing some equipment previously exported to China. Rising concerns over Taiwan Strait developmentsThere are concerns about China's intensifying drills around Taiwan after Taiwan inaugurated its new President, William Lai — whom Beijing has branded as a separatist — on Monday.

Persons: —, Taiwan's, ASML, William Lai —, Li Xi, Jensen Huang, TSMC Organizations: Service, Bloomberg, Business, East, Dutch, China's People's Liberation Army, Nvidia Locations: China, Taiwan, Washington, Beijing, Netherlands, Arizona, Japan, Germany, ASML

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