Nvidia drops after government limits exports of H20 chips to China

The government is now restricting its exports of Nvidia’s H20 chips to China — chips the company had made to bypass previous restrictions on Chinese chip exports, Bloomberg reports.

Shares of the company fell 6.2% in recent after-hours trading.

The move is part of a government effort to address concerns that “the covered products may be used in, or diverted to, a supercomputer in China.” Nvidia said the restriction could cost it $5.5 billion in charges related to the H20 line.

Nvidia Says US Has Imposed New China Restrictions on H20 Chips

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Rani Molla20m

Google may not just power Apple’s Siri — it could host it, too

Apple has asked Google to look into running the upcoming AI Siri on its servers, The Information reports, following a previous agreement for Google’s Gemini model to underpin the new Siri in the first place.

Apple’s reliance on third parties for AI and cloud computing has helped it keep spending lower than its peers. But it also deepens the company’s dependence on rivals for critical AI infrastructure. Apple already relies heavily on Google and Amazon for cloud services. Hosting Siri on Google’s servers would expand that relationship.

Apple has invested in its own AI cloud system, Private Cloud Compute, meant to run sensitive queries on Apple-designed servers. But according to The Information, only about 10% of that capacity is in use, potentially signaling another AI execution problem for Apple.

Apple Discusses Google Hosting New Siri as Need for Cloud Help Grows

Rani Molla2h

Good news: Tesla sales stabilized in Europe. Bad news: Europe’s not buying much.

The good news for Tesla: vehicle sales jumped in February in a number of early-reporting European countries.

The bad news: Europe remains a small market for Tesla, so stabilization there isn’t the boon it would be in bigger markets like the US and China, where its vehicle sales continue to struggle.

For what it’s worth, Tesla has been de-emphasizing vehicle sales as it pivots its ambitions to AI and autonomy.

Tesla regains some market shares around Europe in February, in sign of stabilising sales

For what it’s worth, Tesla has been de-emphasizing vehicle sales as it pivots its ambitions to AI and autonomy.

David Crowther

vertically challenge

First Snapchat, now TikTok: Instagram has mastered the art of borrowing features

The latest user data suggests its pivot to video with Reels over five years ago has paid off.

Meta CEO Mark Zuckerberg Testifies In Social Media Addiction Trial

Rani Molla2h

Apple unveils $599 iPhone 17e with A19 chip

Apple unveiled the iPhone 17e on Monday, a lower-cost addition to its smartphone lineup starting at $599 with 256 gigabytes of storage — double the storage of the previous base model. The device features Apple’s A19 chip and MagSafe charging but is the same price as the previous iPhone 16e.

Bloomberg previously reported that Apple plans to market the model, which goes on sale March 11, to users in emerging markets and enterprise customers.

The launch comes as global smartphone shipments are projected to post their steepest decline ever this year, with memory shortages pushing up device costs and prices.

Apple introduces iPhone 17e

Rani Molla

SpaceX to expand Starlink’s mobile coverage as it seeks $1.75 trillion IPO valuation

Starlink expects to connect 25 million monthly users by the end of the year on a service the company says will allow video calls and streaming.

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