Nvidia to launch cheaper Blackwell AI chip in China; Putin says Microsoft, Zoom should be ‘throttled' in Russia; Rest of the world hopes to lure U.S. scientific talent
Nvidia plans to launch a new cheaper Blackwell AI chipset for China at a much lower price in comparison with the H20 chip with production set to begin by June. The GPU is expected to be priced between $6,500 and $8,000 less than the $10,000 and $12,000 range that the H20 was sold at. This could indicate that the chipset will have weaker specifications and simpler manufacturing requirements. The AI chip will be based on Nvidia's RTX Pro 6000D, a server-class graphics processor and will implement the traditional GDDR7 memory instead of more advanced high bandwidth memory. China accounted for 13% of Nvidia's sales in the past financial year. Nvidia's market share in China has sunk from 95% before 2022 to 50% presently, CEO Jensen Huang said.
Putin says Microsoft, Zoom should be 'throttled' in Russia
Russian President Vladimir Putin has signalled in a speech that foreign service providers like Microsoft and Zoom should be 'throttled' in Russia. He said that Russia had offered a favourable environment for these U.S.-based companies and not limited their operations in the country. However, he said that they were trying to 'throttle' Russia and now it was their turn to respond in kind. He also said that other companies which had chosen to exit Russia wouldn't receive a warm reception if they chose to return. Putin also called for the strengthening homegrown tech solutions to tackle competition from the U.S. A host of companies have chosen to suspend business or reduce it in Russia post their invasion of Ukraine.
Rest of the world hopes to lure U.S. scientific talent
The spending cuts imposed by Trump on scientific research has led to thousands of scientists losing their jobs or grants, a gap that the rest of the world is looking to cash in on. Programs from countries like Canada, France and Australia are all looking to woo U.S. talent for areas like medical research. Trump has made massive cuts at the National Academy of Sciences, the National Institutes of Health, NASA and other agencies while also slashing funding for private universities. These recruiters are all offering U.S. one thing to make the job appealing - academic freedom. The 'Safe Place for Science' program at Aix-Marseille University in France has reportedly received interest from U.S. scientists including AI researchers and astrophysicists.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
23 minutes ago
- NDTV
Bitcoin Hits Record High Of $120,000 As Bullish Momentum Builds
Bitcoin breached $120,000 for the first time, with investor optimism increasing almost daily after it emerged from a narrow trading range that had left skeptics wondering whether the original cryptocurrency would regain the record-breaking momentum seen at the start of the year. After surging on the election of Donald Trump to a second US presidential term, Bitcoin had settled into a pattern of fluctuating on either side of $100,000 for several months. Concern about Trump's political and economic policies had helped to temper optimism over the pro-crypto agenda of his administration. Now with other risk assets such as stocks back around record highs, Bitcoin has also resumed its push higher. "This shift signals a maturing perspective on Bitcoin - not merely a speculative asset, but a macro hedge and a structurally scarce store of value," said George Mandres, senior trader at XBTO Trading LLC. "A surge in risk-on sentiment across equities, coupled with significant institutional inflows into spot Bitcoin and Ethereum ETFs, has fueled this steady ascent, notably absent the sharp volatility of previous bull runs." The crypto market bellwether rose as much as 1.9% to $121,344, and is now up about 30% since December. Bitcoin more than doubled last year. Bitcoin's renewed momentum has also spilled over to smaller tokens - second-ranked Ether rose 1.5%, while XRP and Solana both increased about 2.7% around noon in Singapore on Monday. "Bitcoin's cleared $120,000, but the real test is $125,000," said Rachael Lucas, a crypto analyst at BTC Markets. While short-term profit booking can be expected, "the uptrend has fuel" driven by strong demand from exchange traded funds, she added. "Support at $112,000 and any dip looks like a buying opportunity, not a reversal." Helping to fuel the latest rally was the liquidation of bearish crypto bets at the end of the week. Traders who shorted Bitcoin bore the brunt of the rapid damage, with over $1 billion in positions wiped out, according to data from Coinglass. The token rose on the back of anticipation for what a Congressional committee dubbed "Crypto Week," where lawmakers in the US Congress are expected to debate and possibly vote on key cryptocurrency legislation. Some analysts aren't totally sold on the token's continued rise. "In my view, this isn't a macro-driven rally, but rather an isolated event," said Nicolai Sondergaard, a research analyst at Nansen. "That said, recent US policy developments such as fiscal expansion and expectations of further monetary easing have created a backdrop that is undeniably favorable for Bitcoin."
Mint
28 minutes ago
- Mint
Dollar a touch higher, currency reaction muted as Trumps deals 30% tariff threat to EU and Mexico
By Rae Wee and Lucy Raitano SINGORE -The euro briefly hit a three-week low on Monday before partially recovering, while the dollar gained marginally after U.S. President Donald Trump threatened to impose a 30% tariff on imports from two of the largest U.S. trading partners from August 1. Analysts pointed to the so-called TACO trade as keeping a cap on any bigger moves in forex markets. More significant moves were seen in cryptocurrencies with bitcoin scaling a record high and surpassing the $120,000 mark, as investors bet on long-sought policy wins for the industry this week. The world's largest cryptocurrency last traded 2.9% higher at $122,549.70, while ether gained 1.5% to $3,039.48. Trump on Saturday announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum that were posted on his Truth Social media site. Both the European Union and Mexico described the tariffs as unfair and disruptive, while the EU said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement. "If Trump actually manages to extract significant concessions from U.S. trading partners by threatening them with tariffs, this could be seen as positive for the dollar. This is especially true if the concessions involve trading partners lowering their tariffs on U.S. products," wrote Commerzbank analysts in a morning note. However they also flagged a downside to the U.S. dollar being the high uncertainty facing U.S. companies as they face potential tariffs at any time, and the impact on their willingness to invest. Reaction in the currency market to Trump's latest tariff threats was largely muted, though the euro did slip to a roughly three-week low early in the session. The single currency later regained some ground and last traded 0.1% lower at $1.168175. Elsewhere, sterling was down 0.1% to $1.3475, while the Japanese yen rose marginally to 147.33 per dollar. Against the Mexican peso, the dollar rose 0.3% to 18.683. Investors have grown increasingly desensitised to Trump's slew of tariff threats, with his latest upheaval in the global trade landscape doing little to prevent U.S. stocks from scaling record highs and offering just a slight boost to the dollar. "It seems like financial markets have become insensitive to President Trump's tariff threats now, after so many of them in the past few months," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "Judging by the limited market reaction, markets might think that the latest threat from Trump is actually a manoeuvre to extract more concessions." In other currencies, the Australian dollar fell 0.11% to $0.65665, while the New Zealand dollar slid 0.36% to $0.5988. Outside of tariff news, Trump on Sunday said that it would be a "great thing" if Federal Reserve Chair Jerome Powell stepped down, again threatening to undermine the central bank's independence as he called for interest rates to be lowered. Traders could get a better clue on the future path for U.S. rates when inflation data for June comes due on Tuesday, where expectations are for U.S. consumer prices to have picked up slightly last month. Markets are currently pricing in just over 50 basis points worth of Fed easing by December. In Asia, data on Monday showed China's exports regained momentum in June while imports rebounded, as exporters rushed out shipments to capitalise on a fragile tariff truce between Beijing and Washington ahead Trump's August deal deadline. This article was generated from an automated news agency feed without modifications to text.
Time of India
38 minutes ago
- Time of India
Shrimps to smartphones & diamond: FIEO identifies 300 top exports to push for US tariff cuts
India's export trade body, FIEO, has pinpointed over 300 high-potential items for export to the US, urging tariff cuts. The list includes frozen shrimps, pharmaceuticals, smartphones, and textiles. While some items like honey represent a smaller export volume, they hold strategic importance in the US market. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's export trade body, the Federation of Indian Export Organisations ( FIEO ), has identified over 300 'high potential items' for export to the United States, offering a fresh list for government negotiators to push for tariff cuts, ToI reported. In total, FIEO has drawn up a list of 408 items that it considers commercially important and strategically stable, accounting for over two-thirds of India's total exports to the trade body has called for export promotion and trade facilitation measures for these items, which span from frozen shrimps and pharmaceuticals to smartphones, diamonds, carpets, toilet linen, milled rice and natural honey. While items like pharmaceuticals already form a large chunk of India's exports, shrimps represent a particularly stronghold, accounting for over 40% of all such US the other hand, smaller items such as honey form only a minor part of India's $86.5 billion in overall exports last year, but still represent a quarter of the US market, making them strategically valuable despite the lower list includes multiple textile products, leather goods, footwear, chemicals, engineering items, and electrical and electronics goods—categories where Indian exporters have traditionally had strong market Indian government has already pushed for tariff concessions in several of these areas, particularly those that are labour-intensive. However, Indian exporters could lose their competitive edge in sectors such as shrimps and carpets, where a reciprocal tariff rate of 26%—earlier announced for India—would leave them at a disadvantage compared to global competitors.A team of Indian officials led by Rajesh Agarwal , special secretary in the commerce department, will soon hold talks with US counterparts in an effort to secure favourable terms for Indian exports before the tariffs threatened by US President Donald Trump come into effect on August negotiations are complicated by India's refusal to offer concessions in sensitive categories like farm goods and dairy products. Trump has added further pressure by threatening more duties on countries that continue to align with Brics or purchase oil from sanction-hit the Indian government, there is also concern about a lack of clarity in the tariff demands made by the Trump administration, adding another layer of uncertainty as officials attempt to finalise a deal.
