Why Jeff Bezos Says An AI Bubble Is Nothing To Fear
Bezos acknowledged that the current excitement around AI means nearly every idea is receiving funding, including weak or unrealistic projects
Bezos acknowledged that the current excitement around AI means nearly every idea is receiving funding, including weak or unrealistic projects
Taiwan Semiconductor Manufacturing Company, which manufactures chips for Nvidia, said higher prices for chemicals and industrial gases could hurt profitability
The company plans to cut roughly 10% of its workforce, or about 8,000 jobs, while also freezing thousands of unfilled positions. The move follows earlier layoffs across Meta’s Reality Labs and content moderation operations.
Treasury Secretary Scott Bessent told CNBC in a pre-recorded interview on Thursday that it was “of utmost importance” that the U.S. maintain its lead over China in AI, adding that this is why Beijing is interested in discussing guardrails.
The approved buyers reportedly include Alibaba, Tencent, ByteDance and JD.com
Tencent said production of Chinese-designed graphics processing units could rise significantly this year. According to company executives, supply from manufacturers in China and nearby countries is increasing steadily.
According to CNBC, the discussions are aimed at preventing powerful AI systems from falling into the hands of non-state actors. Bessent also pointed to rapid advances expected from American firms such as OpenAI and Google.
Speaking to reporters in Beijing, Huang described the summit as “one of the most important” diplomatic meetings in modern history.
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.