What’s New Today: China has approved its first batch of Nvidia H200 AI chips, letting major tech firms like ByteDance and Alibaba access advanced AI hardware.
Fast-Track Insights: OpenAI, the company behind ChatGPT, is planning to raise up to $100 billion from NVIDIA, Microsoft, Amazon, and SoftBank to fund AI development and innovation.
Here’s a quick rundown of today’s biggest tech headlines, from Nvidia’s AI chip imports to OpenAI’s massive funding plans, plus updates on graduate hiring and women leading AI.
China has allowed its first batch of Nvidia’s powerful H200 AI chips to be imported. The approval covers several hundred thousand chips and was given while Nvidia’s CEO was visiting China. Big tech firms like ByteDance, Alibaba and Tencent are first in line to buy them, with others waiting for later approval. This shows China is balancing its own tech goals with demand for advanced chips.
OpenAI, the maker of ChatGPT, is planning to raise up to $100 billion from big tech investors. NVIDIA may put in about $30 billion, Microsoft about $10 billion, and Amazon $10–$20 billion with cloud and chip conditions. SoftBank also aims to invest heavily. The money will help cover costs and support growth as OpenAI faces strong competition.
Aegis Capital Corp. said Joseph P. McErlean joined them as a new Managing Director. He has more than 30 years of work in wealth management and financial services. McErlean helps people plan their money and retirement. The company leaders said they are very happy he joined and they will support him to grow his business and help clients succeed.
This article highlights ten influential women who are leading the global AI revolution. It explains how they are shaping artificial intelligence through innovation, leadership, and responsible thinking. These women work in areas like technology, research, business, and ethics. Their efforts help make AI smarter, safer, and more useful for everyday life. The article shows how their vision and hard work are changing the future of AI around the world.
U.S. banks might lose about $500 billion in customer deposits to dollar-linked stablecoins by 2028, says a report from Standard Chartered. Stablecoins are digital tokens tied to the U.S. dollar and could pull money away from traditional banks, especially smaller regional ones. This could change how banking and payments work and is part of an ongoing debate over new rules.