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Democratic Senator Elizabeth Warren has invited Nvidia chief executive Jensen Huang to a Senate hearing on the company's sales of advanced AI chips to the Chinese market. The invitation, sent as US export controls tighten, prompted volatility in Nvidia shares during US trading.
Broadcom reported accelerating AI chip growth, but software sales lagged expectations and the full-year AI chip forecast was left unchanged. Shares fell sharply in after-hours trade. Investors questioned whether the unchanged guidance signals a slowdown in hyperscaler capital spending.
Australia's ASX is set to open higher after AI stocks surged on Wall Street overnight, ABC News Australia reported. Oil prices climbed to a one-week high after conflicting US and Iran updates on bilateral talks.
South Korea's SK Hynix has announced it will double wafer production capacity to respond to a global memory-chip shortage. According to the Straits Times, the company's chair said the storage-chip deficit could endure until 2030.
South Korean chipmaker SK Hynix plans to double its wafer capacity over the next five years to keep pace with AI-driven demand, according to Nikkei Asia. The plan signals a meaningful capacity build in the global memory supply chain.
The White House asked US AI developers to voluntarily share early access to their frontier models with federal agencies. The order arrives amid intensifying US-China competition and is set to reshape Washington's dialogue with leading labs on safety and national security.
According to Nikkei Asia, Japan and the United States have decided to invest 1 billion dollars in a joint artificial intelligence project named 'Genesis Mission'. The project aims to combine scientific research and computational infrastructure across the Asia-Pacific.
According to the South China Morning Post, a Chinese policy team has drafted a detailed sanctions list covering 63 technology sectors as a response to Washington restrictions on semiconductors, AI, quantum computing and aerospace. A White House reaction is expected.
Japan, the United States and the Philippines plan to hold an investment forum in Manila in September that aims to position the Philippines as a regional artificial-intelligence hub. The forum will focus on semiconductor, data-centre and high-performance computing projects. The move is a counterweight to China's regional technology footprint.
Anthropic, the maker of the Claude AI assistant, has been valued at US$965 billion in its latest financing round, surpassing rival OpenAI as the world's most valuable AI start-up, Straits Times Business reported.