Nvidia CEO says China's military unlikely to use U.S. AI chips
Addressing the largest concern Washington has cited in placing increasing restrictions on U.S. technology exports to the Asian nation, Huang said the Chinese military will avoid using U.S. technology because of the risks associated with doing so.
"We don't have to worry about it,' he said in an interview on CNN's "Fareed Zakaria GPS" broadcast Sunday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Times
an hour ago
- Japan Times
Meta to spend billions building gigawatt-size data centers for AI
Meta Platforms CEO Mark Zuckerberg has said the company is building several massive data centers to power its artificial intelligence efforts, with the first one expected to come online next year. "We're calling the first one Prometheus and it's coming online in '26' Zuckerberg wrote Monday in a post on his social platform Threads, referring to a project in Ohio. "We're building multiple more titan clusters as well,' he added, a nod to other planned data center complexes. Frustrated by the quality of Meta's past AI efforts, Zuckerberg has been investing heavily in the energy, computing power and talent needed to compete in the fast-moving AI race. In April, Meta said it could spend as much as $72 billion on capital expenditures this year, with a focus on AI and the data centers used to train and run the models. Over the past several months, the CEO has personally recruited a team of experts seeking to achieve "superintelligence,' the notion that machines can perform as well as or better than humans at many tasks. This kind of generative AI demands even more power, which has sparked an industrywide rush to build large data centers and secure expensive chips from suppliers like Nvidia. The new Meta Superintelligence Labs team includes researchers poached from OpenAI, Google's DeepMind and other top AI companies. Meta recently tapped Scale AI co-founder Alexandr Wang as chief AI officer, and spent $14.3 billion on a 49% stake in his firm. Zuckerberg also successfully courted former GitHub CEO Nat Friedman, AI startup founder Daniel Gross, and Apple's Ruoming Pang — who was lured to Meta with a compensation package valued at more than $200 million, Bloomberg News reported. Zuckerberg on Monday described the data centers under development as multigigawatt "clusters,' which would rank among the largest in the world. Meta is building its biggest facility in Richland Parish, Louisiana, which the Facebook co-founder has touted as being nearly the size of Manhattan. While most data centers today house only hundreds of megawatts of capacity apiece, several AI and major technology companies like OpenAI and Oracle are involved in plans to develop facilities capable of handling several gigawatts, or enough energy to power nearly 900,000 homes annually, according to Carbon Collective. That scale of power is seen as necessary to achieve superintelligence. In his post, Zuckerberg cited analyst firm SemiAnalysis as saying Meta is on track to be the first with a "supercluster' that houses more than a gigawatt of capacity. Shares of the Menlo Park, California-based company have gained 23% this year through Friday's close. In his post on Monday, Zuckerberg reaffirmed that the company is going to invest "hundreds of billions of dollars' into data center capacity to build superintelligence. "We have the capital from our business to do this,' he wrote. Meta, which makes the vast majority of its revenue from advertising on Facebook, Instagram, WhatsApp and Messenger, has continued to see year-over-year growth in sales.
Japan Times
an hour ago
- Japan Times
Chipmaker Kioxia plans debut bond abroad, joining Japan peers
Kioxia plans to raise as much as $3 billion via a dollar bond sale that would be its first corporate debt issuance, in the latest sign of investor appetite abroad for Japanese company notes including riskier firms. The Tokyo-based memory-chip maker is rated BB+, one step below investment grade, by both S&P and Fitch. S&P said the firm's efficiency and technology keep it resilient in the highly volatile NAND flash memory business, which has been stagnant in recent months. It hired banks including Morgan Stanley and Goldman Sachs as joint lead managers for the offering, with investor meetings scheduled for July 14, people familiar with the matter said. Kioxia joins a rush by major Japanese companies to sell bonds abroad, including blue-chip firms like NTT as well as junk-rated companies such as Nissan. Companies are opting to tap more funds in overseas markets because deeper liquidity outside of Japan and more willingness to seek higher returns from riskier assets mean that even weaker and newer firms find it easier to get funding. That's in contrast with conservative investment practices in the home market. "Japanese investors tend to be wary of lower-rated and less established issuers, making overseas issuance more practical,' said Naoto Matsushita, senior credit analyst at Mizuho. "There's logic in targeting international investors who are more comfortable taking on risk.' A narrowing in credit spreads for dollar bonds, as reflected in Bloomberg-compiled indexes, is also supporting issuance momentum. Yield premiums on U.S. investment-grade dollar bonds have fallen about 40 basis points to 80 basis points from their recent peak in April, data show. Kioxia went public last year in the biggest year for initial public offerings in Japan since 2018, and it debuted on the Tokyo Stock Exchange in December. Since then, its shares have climbed about 52%, far surpassing the 3.8% rise in the Topix index and the 2.5% gain in the Topix electric appliances index. "The IPO enabled us to access capital markets more directly,' said company spokesman Kota Yamaji, adding that issuing in dollars is part of the firm's strategy to expand its financing options.
Japan Times
an hour ago
- Japan Times
Panasonic aims for full output at Kansas battery plant this year
Panasonic's newest battery plant in the U.S. is on track to reach full production by later this year, a senior executive said, easing concern about the Japanese electronics maker's commitment to supplying Tesla and other electric vehicle makers. "We're going to be full production this year,' Megan Myungwon Lee, the company's head of North American operations, said in an interview on Monday. Her comments come after Japan's Nikkei reported last week that Panasonic planned to delay bringing production at the Kansas facility up to full capacity. "When we commit to something, we're fully committed and we want to make sure we support all the customers,' she said. "We're not feeling the slowdown yet and we're very bullish.' Tesla, Panasonic's biggest battery cell customer in the U.S., reported a 13% drop in U.S. sales for the second quarter compared with a year ago as demand for its EVs weakened. The new factory will ship battery cells to Tesla as well as several other EV makers, including Lucid and Hexagon Purus. "We're definitely working with Tesla but we want to work with other established OEMs as well as startups,' Lee said, adding that Panasonic's partnership with Tesla is "very strong.' Lee spoke at a ceremony commemorating the grand opening of Panasonic's second battery factory in the U.S., located in De Soto, Kansas, near Kansas City. While the facility is online and battery cells are being made, construction is still ongoing. At completion, the plant will have about 32 gigawatt-hours of annual capacity — enough to supply cells for 500,000 EVs. The company also operates a battery manufacturing factory in Nevada, which has supplied Tesla since 2017. The current annual capacity of that facility is about 41 GWh and Panasonic said in a statement that the Kansas plant will bring its total U.S.-based output capacity to around 73 GWh "once fully operational.'
