Nvidia CEO Jensen Huang joined Trump’s Beijing delegation at the last minute to push for H200 AI chip sales to China, which remain blocked despite US authorization granted months ago.
Posted inMarkets
Cerebras stock doubles as AI chip IPO raises $5.5 billion
Cerebras priced its IPO at $185 per share Wednesday, raising $5.5 billion, then opened at $385 — up 108% — making it the biggest US tech IPO of 2026 so far with a $66 billion end-of-day valuation.
Posted inEconomy
US wholesale inflation hits 6% as energy costs and tariffs combine
US producer prices jumped 1.4% in April — nearly triple the forecast — lifting the annual PPI rate to 6%, its highest since late 2022, as energy and tariff pass-throughs both accelerated.
Posted inGeopolitics
Russia bombards Ukraine with 1,600 drones in the war’s largest aerial assault
Russia fired more than 1,600 drones and missiles at Ukraine over 30 hours on May 13-14, breaking every previous record for a single aerial offensive and killing at least 15 people.
Posted inWorld
Dust storms and lightning kill 96 across Uttar Pradesh
Dust storms, heavy rain, and lightning swept Uttar Pradesh on Wednesday night, killing at least 96 people and injuring more than 50 across a dozen districts.
Posted inTech
Paul Tudor Jones says the US is dangerously late to regulate AI
The hedge fund founder told CNBC on May 7 that Washington’s failure to establish governance frameworks while AI deployment accelerates is a ‘governance gap’ that could produce risks society is not prepared for — framing AI oversight as a financial stability concern, not just a civil liberties one.
Posted inTech
EU opens sweeping antitrust inquiry into Big Tech’s AI operations
The European Commission’s competition directorate confirmed in March 2026 that it has opened a wide-ranging inquiry into how large technology companies are using AI to entrench market power, targeting practices at Nvidia, Meta, Google, and Microsoft simultaneously.
Posted inTech
Trump’s January chip order rewrites the rules on AI hardware exports
A January 2026 presidential proclamation imposing a 25 percent tariff on imported AI chips, combined with a BIS rule shifting export review of advanced chips from presumption of denial to case-by-case, has restructured who can buy the most powerful AI hardware and on what terms.
Posted inTech
UK announces AI hardware strategy to cut semiconductor dependence
The UK government unveiled a domestic AI hardware plan in late April, committing to build sovereign capability in the chips and semiconductor technologies underpinning the AI stack — a belated but explicit acknowledgement that dependence on US and Asian supply chains is a strategic vulnerability.
Posted inTech
Meta refuses to sign the EU’s AI Code of Practice as August enforcement approaches
Meta’s Chief Global Affairs Officer Joel Kaplan publicly declined to sign the voluntary Code of Practice for general-purpose AI models, calling it legally uncertain and beyond the AI Act’s scope — a position that puts the company on a collision course with the European AI Office ahead of the August 2 enforcement date.