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Jon Keegan

Report: FBI and White House are investigating DeepSeek’s access to Nvidia GPUs

Bloomberg is reporting that the White House and the FBI are investigating DeepSeek to find out if they evaded export controls to acquire Nvidia GPUs.

Ever since the AI world was rocked by the release of DeepSeek’s R1 models, questions have been swirling about how the Chinese startup was able to do so much with so little.

Some competitors (such as Elon Musk) have accused the company of acquiring large quantities of advanced Nvidia H100 GPUs that are not allowed to be exported to China due to national security concerns. DeepSeek said they used Nvidia H800 GPUs, which are slower models, tailored for the Chinese market to comply with US export controls.

The widely used Nvidia H100 GPUs are such hot commodities that they have been smuggled into China, or sold through a shady network of intermediaries.

OpenAI and partner Microsoft have also been pointing fingers at DeepSeek, accusing it of using ChatGPT to help build R1 (which is not that unusual in the industry).

Some competitors (such as Elon Musk) have accused the company of acquiring large quantities of advanced Nvidia H100 GPUs that are not allowed to be exported to China due to national security concerns. DeepSeek said they used Nvidia H800 GPUs, which are slower models, tailored for the Chinese market to comply with US export controls.

The widely used Nvidia H100 GPUs are such hot commodities that they have been smuggled into China, or sold through a shady network of intermediaries.

OpenAI and partner Microsoft have also been pointing fingers at DeepSeek, accusing it of using ChatGPT to help build R1 (which is not that unusual in the industry).

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Apple closes at record high for first time in 2025

After spending the day at intraday highs, Apple set an all-time closing high of $262.24 Monday, following reports of increased iPhone 17 sales and an analyst upgrade. Loop Capital raised its price target to a Street high of $315.

The stock’s previous all-time closing high was in December 2024.

Apple reports its fiscal year 2025 results later this month, during which analysts expect the company’s all-important iPhone sales to return to growth.

two faces

A tale of two Teslas from two analyst notes by guys named Dan

Ahead of Tesla’s third-quarter earnings, Barclays’ Dan Levy and Wedbush Securities’ Dan Ives weigh in.

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Data center frenzy taxes natural resources, sparks anger around the globe

The race to build ever-larger power-hungry data centers isnt limited to the US. In Ireland, more than 20% (!!!) of the country’s electricity is consumed by data centers. In Mexico, poor communities near data center sites are seeing water supplies dry up and their fragile power grids falter.

A New York Times report examines what these data center projects look like around the world and tracks the local opposition mounted by environmental groups seeking to block future projects.

The report notes that despite growing local opposition, countries are still bending over backward to lure the billions of dollars in investment that come with these data center projects, offering rich tax incentives to the companies developing the projects, in exchange for a relatively small number of jobs and promises of various, if vague, local benefits.

Much like in the US, the data center deals are shrouded in secrecy, with elected officials required to sign NDAs and the extensive use of shell companies masking the identity of the massive tech companies behind the projects.

A New York Times report examines what these data center projects look like around the world and tracks the local opposition mounted by environmental groups seeking to block future projects.

The report notes that despite growing local opposition, countries are still bending over backward to lure the billions of dollars in investment that come with these data center projects, offering rich tax incentives to the companies developing the projects, in exchange for a relatively small number of jobs and promises of various, if vague, local benefits.

Much like in the US, the data center deals are shrouded in secrecy, with elected officials required to sign NDAs and the extensive use of shell companies masking the identity of the massive tech companies behind the projects.

Man Working at Machine

OpenAI claimed a math breakthrough this weekend, only to be smacked down

The embarrassing episode sprouted from a misunderstood post, amplified by an OpenAI executive as proof of GPT-5’s mathematical prowess, but turned out not to be what it seemed.

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