The loophole Chinese tech giants are using to train AI with restricted NVIDIA GPUs
Chinese technology companies have devised an ingenious way to circumvent Trump’s AI Chip export controls, opting to train their most powerful Artificial Intelligence models in data centers located outside of mainland China. According to a new FT Report, major players like Alibaba and ByteDance have been leasing significant computing power in facilities across Southeast Asia, primarily in Singapore and Malaysia. This offshore training allows them to access high-end NVIDIA GPUs
Elon Musk’s xAI nears $15 billion fundraise at $230 billion valuation
Elon Musk’s artificial intelligence startup, xAI, is reportedly on track to close a monumental $15 billion funding round in December, pushing the company’s pre-money valuation to an estimated $230 billion. If successful, the deal would solidify xAI's position as one of the world's most valuable private technology firms and dramatically escalate the AI infrastructure arms race. Sources familiar with the discussions confirmed that the funding details and an allocation deadline
It’s not a bubble, Nvidia CEO says as company crushes Wall Street expectations again
Nvidia CEO Jensen Huang firmly dismissed mounting investor anxieties over an "AI bubble" this week, arguing that the company's continuous, record-breaking financial results are proof of a fundamental, structural transformation in global computing. The statement came after the AI chip giant yet again crushed Wall Street expectations for the third quarter of fiscal year 2026. Nvidia reported record revenue of $57.0 billion, a staggering 62% jump year-over-year, and issued stron
Software developers hit hard in Amazon’s mass layoffs announced last month
New state regulatory filings have revealed that engineering roles bore the brunt of Amazon's deepest-ever round of corporate layoffs, with more than 1,800 engineers eliminated in the most recent cuts. The data underscores a major strategic shift as the e-commerce giant aims to become leaner, streamline bureaucracy, and aggressively invest in artificial intelligence (AI). The figures, compiled from Worker Adjustment and Retraining Notification (WARN) filings in key states incl
German court slaps Google with €572m damages for antitrust abuse in shopping sector
A Berlin court has delivered a major legal and financial blow to Google, ordering the tech giant to pay a combined total of €572 million (approximately $665 million) in damages to two German price comparison platforms for abusing its dominant market position. The ruling, announced by the Berlin Regional Court, found that Google engaged in anti-competitive practices by systematically favoring its own Google Shopping service over rival price comparison websites in its search re
