Business news
- U.S. uncovers scheme to reroute Nvidia GPUs worth $160 million to China despite export bans - Authorities have shut down yet another China-linked smuggling network for Nvidia's AI chips, according to a release from a U.S. Attorneys office.
- Google hit with EU antitrust investigation over use of online content for AI - It's the latest in a string of actions the European Commission has taken against U.S. big tech companies.
- Saudi Arabia eyes data embassies amid sovereign AI push. Here's what we know so far - Only two data embassies currently exist, but Saudi Arabia is looking to make them commonplace.
- Trump's pivot on Nvidia chips gives China a leg up over the U.S. in AI race, analysts say - In the hours after U.S. President Donald Trump said Nvidia can sell a more advanced chip to China, several analysts said the move would give Beijing
- Trump ban on wind power projects overturned by federal judge - Seventeen states led by New York Attorney General Letitia James sued Trump in May to overturn the president's ban.
- ICEBlock developer sues U.S. government after DOJ demanded Apple remove app from store - The developer of the ICEBlock app sued the U.S. government for alleged free speech infringements.
- Asia-Pacific markets mostly lower following Wall Street losses ahead of Fed rate decision - The U.S. Federal Reserve starts its meeting Dec. 9 stateside, with the decision expected on Dec. 10.
- Trump greenlights Nvidia H200 AI chip sales to China, says Xi responded positively - TechTrump greenlights Nvidia H200 AI chip sales to China, says Xi responded positivelyPublished Mon, Dec 8 20254:40 PM ESTUpdated 6 Min AgoKevin Breuninger@Kevi
- Here's what to expect in Paramount's quest to elbow out Netflix and buy Warner Bros. Discovery - Paramount's all-cash tender offer sets up a potentially months-long battle with Netflix to convince WBD shareholders which bid is best.
- Pressure builds on Apple and CEO Tim Cook with holiday executive shakeup - Apple has seen extraordinary turnover in its top ranks over just the past week.