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NBC News
2 hours ago
- NBC News
China probes Nvidia over AI chip 'tracking' security risks
While Nvidia has been given assurances by Washington that it will be allowed to resume exports of its made-for-China H20 general processing units, the AI chips may be met with increased scrutiny from Beijing. According to the Cyberspace Administration of China, Nvidia met with Beijing officials on Thursday regarding potential national security concerns posed by its H20 chips, which recently saw restrictions on their export lifted following an effective ban in April. Nvidia was requested 'to clarify and submit relevant supporting documentation regarding security risks, including potential vulnerabilities and backdoors, associated with its H20 computing chips sold to China,' according to a CNBC translation of a statement from CAC. In a post, the regulator said that Nvidia's computing chips were reported to have serious security vulnerabilities, also noting calls from U.S. lawmakers for mandatory tracking features to be placed on advanced chips exported from the country. In its statement, CAC added that American AI experts had already revealed that Nvidia's computing chips pose mature 'tracking and positioning' and 'remote shutdown' technologies. The statement appears to be referencing a report from Reuters in May that said Bill Foster, a Democrat lawmaker from Illinois, was planning to introduce legislation that would require advanced AI chipmakers like Nvidia to include a built-in location reporting system. Forester, who once worked as a particle physicist, and independent technical experts reportedly agreed that the technology to track chips was readily available, with much of it already built into Nvidia's chips. Forester's bill would also seek to give U.S. authorities the power to remotely shut down chips being used without proper licenses, in a measure to fight chip smuggling and export loopholes. Nvidia did not immediately respond to a request for comment from CNBC. In recent weeks, many American lawmakers have also taken issue with the reported rollback of restrictions on Nvidia's H20 chips, warning they will advance Beijing's AI capability. This week, Nvidia reportedly placed orders for 300,000 H20 chipsets with contract manufacturer TSMC as it seeks to meet Chinese demand.
Yahoo
2 hours ago
- Yahoo
Kohl's Corporation (KSS) Looks Like A Meme Stock, Says Jim Cramer
We recently published . Kohl's Corporation (NYSE:KSS) is one of the stocks Jim Cramer recently discussed. Kohl's Corporation (NYSE:KSS) is one of the most well-known retailers in America. It is also a frequent feature of Cramer's morning show, with the CNBC TV host initially criticizing the firm and then taking a lighter tone. This time, he commented on Kohl's Corporation (NYSE:KSS)'s share price performance during the recent resurgence of social-media-driven bets termed as the 'meme stock' mania: 'I didn't have Kohl's. Which looks to be a meme stock. It's up very big. . . .they had news, the quarter was just okay. Just okay. Top 20 Brands Among Gen Z in the US by Mindshare 'But I just look at Kohl's and I think, look a few minutes ago before this day started, they were looking bad. They're now looking great. They do have a lot of borrowing. I mean this is not a clean balance sheet by any means. Not at all. While we acknowledge the potential of KSS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
CNBC
2 hours ago
- CNBC
Nvidia's China-bound H20 AI chips face Beijing scrutiny over ‘tracking' and security concerns
While Nvidia has been given assurances by Washington that it will be allowed to resume exports of its made-for-China H20 general processing units, the AI chips may be met with increased scrutiny from Beijing. According to the Cyberspace Administration of China, Nvidia met with Beijing officials on Thursday regarding potential national security concerns posed by its H20 chips, which recently saw restrictions on their export lifted following an effective ban in April. Nvidia was requested "to clarify and submit relevant supporting documentation regarding security risks, including potential vulnerabilities and backdoors, associated with its H20 computing chips sold to China," according to a CNBC translation of a statement from CAC. In a post, the regulator said that Nvidia's computing chips were reported to have serious security vulnerabilities, also noting calls from U.S. lawmakers for mandatory tracking features to be placed on advanced chips exported from the country. In its statement, CAC added that American AI experts had already revealed that Nvidia's computing chips pose mature "tracking and positioning" and "remote shutdown" technologies. The statement appears to be referencing a report from Reuters in May that said Bill Foster, a Democrat lawmaker from Illinois, was planning to introduce legislation that would require advanced AI chipmakers like Nvidia to include a built-in location reporting system. Forester, who once worked as a particle physicist, and independent technical experts reportedly agreed that the technology to track chips was readily available, with much of it already built into Nvidia's chips. Forester's bill would also seek to give U.S. authorities the power to remotely shut down chips being used without proper licenses, in a measure to fight chip smuggling and export loopholes. Nvidia did not immediately respond to a request for comment from CNBC. In recent weeks, many American lawmakers have also taken issue with the reported rollback of restrictions on Nvidia's H20 chips, warning they will advance Beijing's AI capability. This week, Nvidia reportedly placed orders for 300,000 H20 chipsets with contract manufacturer TSMC as it seeks to meet Chinese demand.
