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OpenAI CEO Sam Altman warned that the U.S. may be underestimating the complexity and seriousness of China’s progress in artificial intelligence, and said export controls alone likely aren’t a reliable solution.”I’m worried about China,” he said.Over Mediterranean tapas in San Francisco’s Presidio — just five miles north of OpenAI’s original office in the Mission — Altman offered a rare on-the-record briefing to a small group of reporters, including CNBC. He warned that the U.S.–China AI race is deeply entangled — and more consequential than a simple who’s-ahead scoreboard.”There’s inference capacity, where China probably can build faster. There’s research, there’s product;…
Jakub Porzycki | Nurphoto | Getty ImagesSatellite internet service Starlink, which is owned and operated by Elon Musk’s SpaceX, appeared to suffer a brief network outage on Monday, with thousands of reports of service interruptions on Downdetector, a site that logs tech issues.The outage marked the second in two weeks for Starlink. SpaceX did not immediately respond to a request for comment.The network’s July 24 outage lasted for several hours, with SpaceX Vice President of Starlink Engineering Michael Nicolls blaming the matter on “failure of key internal software services that operate the core network” behind Starlink.That outage followed the launch of T-Mobile’s Starlink-powered satellite service,…
U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple to provide a “back door”.Angela Weiss | AFP | Getty ImagesU.S. Director of National Intelligence Tulsi Gabbard said on Monday the U.K. had agreed to drop its mandate for iPhone maker Apple to provide a “back door” that would have enabled access to the protected encrypted data of American citizens.Gabbard issued the statement on X, saying she had worked for months with Britain, along with President Donald Trump and Vice President JD Vance to arrive at a deal.British Prime Minister Keir Starmer was in Washington on Monday along with other European…
CVS Health (CVS) has a bullish turnaround underway after a three-year bear market cycle culminated in a shakeout of “weak” holders in December. Shakeouts are usually associated with investor capitulation, leaving major lows in their wake. Long-term momentum shifted meaningfully behind CVS in March, when the monthly MACD confirmed its first “buy” signal since September 2019. The turnaround phase comes within the context of a secular trading range that has had a hold since 2015. [Chart: CVS Health Corp. (CVS): Weekly Bar Chart + Cloud Model + Relative Strength vs. SPX] CVS broke out above resistance from the weekly cloud…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailEli Horton, TCW senior portfolio manager, joins ‘Fast Money’ to talk where he is seeing investing opportunities in this market.06:11Mon, Aug 18 20255:31 PM EDT Source link
Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said.U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted U.S. regulatory approval is far from guaranteed amid deep-seated fears in Washington about giving China too much access to U.S. artificial intelligence technology.The new chip, tentatively known as the B30A, will use a single-die design that is likely to deliver half the raw computing power of the more sophisticated dual-die configuration in Nvidia’s flagship B300 accelerator card, the sources said.A single-die…
Jonathan Raa | Nurphoto | Getty ImagesShein is considering moving its headquarters back to China from Singapore in a bid to convince Beijing authorities to approve the online fast-fashion company’s Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions.Shein, which sources a significant amount of its goods from China, confidentially filed for an initial…
Sam Altman, CEO of OpenAI, speaks during the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference in Washington, D.C, U.S., on July 22, 2025.Al Drago | Bloomberg | Getty Images There’s a bubble forming in the artificial intelligence industry, according to OpenAI CEO Sam Altman.”Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes,” Altman said.”I’m sure someone’s gonna write some sensational headline about that. I wish you wouldn’t, but…
Billionaire investor Stanley Druckenmiller ‘s top three biggest holdings at the end of June were all health-care stocks and he also invested back into one of his favorite artificial intelligence plays, Microsoft , according to a regulatory filing. The former lead portfolio manager for George Soros’ Quantum Fund, who now runs his own Duquesne Family Office, hiked his stakes in Teva Pharmaceutical and biopharmaceutical company Insmed last quarter, making them his fund’s second- and third-largest holdings, the filing showed. Clinical genetic testing company Natera remained Druckenmiller’s top bet, worth more than half a billion at the end of June. The…
