What’s New Today:
President Trump has approved Nvidia to sell a version of its next-gen AI chips to China with a revenue-sharing deal. Meanwhile, Meta has raised a massive $29 billion to expand its AI data centers in Louisiana.
Fast-Track Insights:
This Nvidia move balances security concerns with business interests, while Meta’s huge investment powers its AI ambitions with new data centers like Prometheus and Hyperion.
Here’s a quick rundown of the biggest tech headlines making waves today. Let's dive into the day's top tech stories, from Nvidia’s AI chip approval to Meta’s major AI funding.
President Donald Trump has authorized Nvidia to sell a scaled-down version of its next-generation AI chips to China, contingent upon the company sharing 15% of the revenue with the U.S. government. This move aims to balance economic interests with national security concerns, as China seeks advanced semiconductors for military and technological advancements.
Meta has secured a $29 billion financing package to expand its AI-focused data center infrastructure in rural Louisiana. Investment firms PIMCO and Blue Owl Capital are leading the deal, with PIMCO handling approximately $26 billion in debt and Blue Owl contributing $3 billion in equity. This move supports Meta's ambition to scale its AI capabilities, including the development of massive data centers like Prometheus and Hyperion.
The Staff Selection Commission (SSC) has announced openings for Young Professional positions at its Delhi headquarters. This opportunity is ideal for fresh graduates seeking government jobs. Selected candidates will receive a monthly salary of ₹40,000. Interested applicants can apply online through the official SSC website (ssc.nic.in). For detailed eligibility criteria and application deadlines, please refer to the official site.
DeepSeek is reshaping the AI landscape by delivering faster, more accurate language understanding at a fraction of the cost of its competitors. Its models excel in natural language processing, adapting tone and context for more human-like interactions. Utilized across various sectors, DeepSeek enhances tasks from customer service to content creation, driving innovation and setting new standards in AI performance.
Do Kwon, co-founder of Terraform Labs, is expected to plead guilty in response to U.S. fraud charges. These charges stem from the 2022 collapse of TerraUSD and Luna cryptocurrencies, which resulted in approximately $40 billion in investor losses. A federal court hearing is scheduled for August 12, 2025, in Manhattan.