If all the AI developers are in China, the China stack is going to win, Nvidia CEO tells CNBC
Nvidia CEO Jensen Huang discusses the AI technology battle with CNBC's Arjun Kharpal, saying the U.S. risks losing out to China if it cuts off access to Chinese AI researchers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
China Wants In: $19B Port Mega-Deal May Flip Global Trade Power
A BlackRock-backed consortium is closing in on one of the year's most sensitive infrastructure deals: the $19 billion purchase of 43 ports from billionaire Li Ka-shing's CK Hutchison Holdings (CKHUF). But now, a twistChina Cosco Shipping , the country's largest state-owned maritime group, is in talks to join the group, according to people familiar with the matter. The consortium, led by Terminal Investment Ltd., the port arm of shipping giant MSC, could see Cosco brought in as a strategic investor to help smooth political frictionespecially around two of the ports that sit at the entrance to the Panama Canal. Warning! GuruFocus has detected 8 Warning Signs with CKHUF. Beijing has pushed back hard against the transaction, seeing it as a potential threat to its global trade footprint. Nationalist newspapers blasted the deal as a concession to U.S. pressure, and regulators reportedly warned state companies to steer clear of Li-linked ventures. But after high-level meetings between U.S. and Chinese officials in Switzerland, the idea of bringing Cosco on board began to gain traction. The Chinese foreign ministry later expressed support for Panama's right to protect its sovereigntywhile subtly pushing back on what it calls economic bullying. The Canal Authority itself isn't thrilled either: it recently raised flags over how concentrated control under MSC and BlackRock might undermine the canal's neutrality. CK Hutchison's exclusivity period for the talks ends in late July, and while a signing target in April has already been missed, momentum appears to be building. Cosco shares popped as much as 6% Friday on news of the discussions, while CK Hutchison rose 1.9%. But deal structure remains a sticking point. Under current terms, MSC would control all ports except the Panama pairthose would go to BlackRock. Even if that changes, MSC is still on track to become the world's largest terminal operator by volume, according to Drewry's Eirik Hooper. Whether Cosco gets a seat at the table could determine not just the deal's fatebut who really controls the future of global trade. This article first appeared on GuruFocus.
Time Business News
44 minutes ago
- Time Business News
The Scent of Queues: How Master Bun Pastry Is Winning Over London with Chinese-Inspired Creative Baking
Chinese Pastries Land in London, Spark a 'Baking Craze' In a city renowned for its culinary diversity, a new wave of flavor is redefining what dessert means to Londoners. Master Bun Pastry — a beloved bakery brand with over 300 stores across China — has quietly ignited a unique baking phenomenon with the launch of its very first UK store in London's Chinatown. Combining traditional Chinese craftsmanship with a modern twist, the brand is bringing 'Eastern creative baking' to the heart of the British capital. The Eastern Sensation Changing British Taste Buds Unlike the typical structure and taste of Western desserts, Master Bun Pastry's products showcase the uniquely Chinese combination of crispy, chewy, savory, and sweet. Its signature bestseller, the 'Meat Floss Chiffon Bun,' blends seaweed, pork floss, and a fluffy chiffon base into an irresistible multi-layered treat. Other crowd-favorites include chocolate mochi puffs and chewy choux pastries with creamy centers and crispy shells — textures and flavors that many UK customers say they've never experienced before. From First Bite to Loyal Fans: Real Customer Stories 'Our first few weeks saw long lines forming outside the shop — many people were drawn in just by the crowd,' says the store manager. 'One young British customer tried a chocolate puff, bought five boxes on the spot, and came back ten minutes later for more.' Regular customers now include local residents of Asian heritage, and even Chinese students in France have brought boxes of meat floss buns back to Paris. Some long-time Malaysian and Hong Kong customers in the UK even call ahead to reserve their favorites — 'just in case they sell out.' Social Media Drives Organic Hype and Cultural Connection Master Bun Pastry's success is no accident. Riding the wave of Asian baking and Gen Z's cultural curiosity, the brand naturally fits into London's urban landscape — a city that celebrates diversity and innovation. Without traditional advertising, the brand has gained traction through organic user-generated content on platforms like TikTok, Instagram, and Xiaohongshu. Customers snap photos, post reviews, and film taste-test videos, forming a grassroots cultural bridge between Asian and local communities. Product Philosophy: Reinvention, Not Replication The founding team at Master Bun Pastry emphasizes that they never simply copy traditional Chinese pastries. Instead, they draw inspiration from Cantonese bakeries, Jiangnan sweets, Japanese wagashi, and blend it with British aesthetics and the evolving tastes of younger consumers. 'We see our work as a kind of cultural experiment — something delicious, playful, and memorable — to reimagine the role of Chinese pastries in the global dessert scene.' What's Next: Rooted in the UK, Aiming for the Mainstream Master Bun Pastry is already in the early stages of expansion. The brand plans to open 15 additional directly operated stores in major UK cities including Manchester, Glasgow, and Birmingham over the next three years. They are also exploring collaborations with local department stores, commercial developers, and lifestyle brands. More Than Just Desserts — A Cultural Resonance For lovers of Chinese pastries, dessert influencers, international students, and curious local foodies, Master Bun Pastry offers more than just a puff or mochi — it offers a modern expression of taste memory and cultural fusion. More than just a bakery from China, Master Bun Pastry is a cultural vessel — a warm, delicious experiment in flavor, identity, and belonging. TIME BUSINESS NEWS
Yahoo
an hour ago
- Yahoo
AI Fund Assets Reach $38B on Record Chinese Inflows
Global assets in artificial intelligence and big data funds surged more than sevenfold over the past five years, reaching $38.1 billion by the end of 2025's first quarter, with AI ETFs dominating the U.S. market, according to a recent Morningstar Direct report. The artificial intelligence investment theme experienced record inflows in the first quarter, driven by Chinese investors responding to the breakthrough success of domestic AI startup DeepSeek. The Chinese company's efficient AI model demonstrated how advances could improve performance while reducing dependency on high-powered computing hardware, according to the report. The surge reflects growing investor interest in AI technologies following the late-2022 launch of ChatGPT 3.5, which marked a pivotal moment in AI adoption and sparked institutional and retail investor enthusiasm for the sector, Morningstar reports. However, the investment landscape has been marked by high volatility, with AI funds experiencing both dramatic growth and sharp declines as market sentiment shifts. The growth demonstrates how ETFs have become the preferred vehicle for AI investing in the U.S., contrasting with Europe, where actively managed mutual funds dominate, according to the Morningstar report. Unlike Europe, where AI funds are typically actively managed mutual funds, AI investing in the U.S. is overwhelmingly dominated by exchange-traded funds, according to Morningstar Direct. The ETF structure appeals to investors because of its lower cost, greater transparency and enhanced trading flexibility compared with traditional actively managed vehicles. U.S.-domiciled AI and big data fund assets grew 14-fold in just two years, reaching a record $5.5 billion by the end of May 2025. Despite this surge, the U.S. still accounts for only 15% of global AI fund assets, according to the report. The largest AI fund in the U.S. is the Global X Artificial Intelligence & Technology ETF (AIQ), which benefits from first-mover status as the region's inaugural AI-focused ETF. The rise of actively managed ETFs has also contributed to growth, with assets in actively managed thematic AI ETFs reaching $415 million, representing nearly 10% of total U.S.-domiciled AI fund assets, according to Morningstar Direct. The focused style of ETFs makes them suited for targeting granular exposures within the broader AI theme. The largest funds illustrate this diversity of options, according to the report. The so-called Magnificent Seven technology stocks dominate AI ETF holdings, creating structural challenges for fund managers. NVIDIA Corp. (NVDA) appeared in almost nine out of every 10 AI funds, while all seven companies were held by more than half of AI portfolios, according to Morningstar Research. The dominance presents a dilemma for ETF designers. Including these stocks results in overlap with core equity exposures, potentially reducing the appeal of AI ETFs as tactical investments. Excluding them introduces underperformance risk relative to peers, according to the report. The concentration highlights limited geographic diversification. Nearly all frequently held AI stocks globally are U.S.-listed, underscoring American leadership in the technology sector, according to Morningstar | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
