CNA938 Rewind - Trump may allow Nvidia to sell scaled-down chips in China
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Straits Times
28 minutes ago
- Straits Times
Zelensky says he warned Trump that Putin is ‘bluffing' over ending war
Sign up now: Get ST's newsletters delivered to your inbox Ukrainian President Volodymyr Zelensky tells reporters in Berlin the Aug 15 US-Russia summit should focus on an immediate ceasefire. KYIV – Ukrainian President Volodymyr Zelensky said on Aug 13 that he warned US President Donald Trump ahead of his talks with Mr Vladimir Putin this week that the Russian leader is 'bluffing' about his desire to end the war. Mr Trump and Mr Putin will meet in Alaska on Aug 15, where Kyiv and its allies are worried the two leaders may try to dictate the terms of peace in the war that has raged now for over three years. 'I told the US president and all our European colleagues that Putin is bluffing,' he said at a joint briefing in Berlin with German Chancellor Friedrich Merz. 'He is trying to apply pressure before the meeting in Alaska along all parts of the Ukrainian front. Russia is trying to show that it can occupy all of Ukraine,' he said. Mr Zelensky's comments, made after a virtual call with Mr Trump and Europe's leaders, come as Russian forces step up pressure on the battlefield in eastern Ukraine, aiming to force Kyiv to give up land. Mr Zelensky, who said he hoped the main topic of the talks in Alaska would be an immediate ceasefire, added that any discussions regarding territory should be covered during a three-leader meeting. 'Regarding our principles and territorial integrity, in the end this is all decided at the level of leaders,' he said. 'Without Ukraine, it is impossible to decide this. And, by the way, everyone also supports this.' Top stories Swipe. Select. Stay informed. Singapore 2 dead after fire in Jalan Bukit Merah flat, about 60 evacuated Singapore ST Explains: How the SAF's drone push for recruits reflects new battlefield realities Singapore HSA seeks Kpod investigators to arrest abusers, conduct anti-trafficking ops Opinion The 30s are heavy: Understanding suicide among Singapore's young adults Singapore Lawyer who sent misleading letters to 22 doctors fails in bid to quash $18,000 penalty Singapore Jail, caning for recalcitrant drug offender who assaulted 2 cops with stun device Singapore 4 taken to hospital after accident near Sports Hub, including 2 rescued with hydraulic tools Singapore SG60: Many hands behind Singapore's success story Mr Zelensky said Mr Trump told him he would debrief him about his talks with Mr Putin. REUTERS
CNA
an hour ago
- CNA
Tencent says US AI chip import situation unclear as governments negotiate
BEIJING :Chinese tech giant Tencent said on Wednesday it lacks clarity on U.S. AI chip imports as Beijing and Washington continue negotiations, though the company maintains it has sufficient inventory for its AI operations. "We don't really have a definitive answer on the import situation yet. There are a lot of discussions between the two governments. We are waiting to see what exactly comes out of that," Tencent President Martin Lau said during a post-earnings call. The comments come amid ongoing tensions over advanced semiconductor trade between the world's two largest economies. Nvidia's H20 chips, designed specifically for the Chinese market, have been at the center of recent regulatory scrutiny from both governments over security concerns. Lau said the uncertainty would not constrain Tencent's AI ambitions, noting the company has adequate chip supplies for AI model training and multiple deployment options for AI services. The Shenzhen-based company reported strong second-quarter results, with revenue rising 15 per cent to 184.5 billion yuan ($25.7 billion), beating analyst estimates of 178.5 billion yuan according to LSEG data. Gaming remained a key growth driver, with domestic revenue rising 17 per cent to 40.4 billion yuan and international revenue climbing 35 per cent to 18.8 billion yuan. Marketing services revenue increased 20 per cent year-on-year to 35.8 billion yuan, bolstered by the use of AI to enhance the targeting of adverts. Net profit for the quarter reached 55.6 billion yuan, surpassing analyst expectations of 52.3 billion yuan, LSEG data showed. Tencent has accelerated AI investments over the past two years, though capital expenditure has moderated recently. After spending 36.6 billion yuan in the fourth quarter of 2024 and 27.5 billion yuan in the first quarter, its capex fell to 19.1 billion yuan in the second quarter. Lau signaled a more measured approach going forward as the company seeks sustainable monetization from its AI initiatives and to "spend smartly". The company has developed its own large language model, Hunyuan, launching the latest "Turbo S" version in February. But Tencent has also embraced third-party models, notably integrating DeepSeek's technology across its platforms including WeChat, which has over 1 billion monthly active users. ($1 = 7.1756 Chinese yuan renminbi)
CNA
an hour ago
- CNA
Thai central bank cuts key interest rate to lowest in two years
Thailand's central bank has trimmed its key interest rate to the lowest level in two years in a bid to boost growth. This is the fourth cut in 10 months and a decision widely expected by analysts. The Bank of Thailand brought the rate down to 1.5% with a 25 basis-point cut. The BOT is expecting economic growth to slow in the second half of the year due to US trade policies, as well as a decline in shorter-term tourist arrivals.
