Chinese state media says Nvidia H20 chips not safe for China
The H20 chips are also not technologically advanced or environmentally friendly, the account, Yuyuan Tantian, which is affiliated with state broadcaster CCTV, said in an article published on WeChat.
"When a type of chip is neither environmentally friendly, nor advanced, nor safe, as consumers, we certainly have the option not to buy it," the article concluded.
Nvidia did not immediately respond to a request for comment.
H20 artificial intelligence chips were developed by Nvidia for the Chinese market after the U.S. imposed export restrictions on advanced AI chips in late 2023. The administration of U.S. President Donald Trump banned their sales in April amid escalating trade tensions with China, but reversed the ban in July.
China's cyberspace watchdog said on July 31 that it had summoned Nvidia to a meeting, asking the U.S. chipmaker to explain whether its H20 chips had any backdoor security risks - a hidden method of bypassing normal authentication or security controls.
Nvidia later said its products had no "backdoors" that would allow remote access or control.
In its article, Yuyuan Tantian said Nvidia chips could achieve functions including "remote shutdown" through a hardware "backdoor."
Yuyuan Tantian's comment followed criticism against Nvidia by People's Daily, another Chinese state media outlet.
In a commentary earlier this month, People's Daily said Nvidia must produce "convincing security proofs" to eliminate Chinese users' worries over security risks in its chips and regain market trust.
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Yahoo
18 minutes ago
- Yahoo
FTSE 100 LIVE: Markets muted as Zelensky to meet Starmer before Trump-Putin summit
The FTSE 100 (^FTSE) fell and European stocks moved cautiously higher on Thursday morning, gaining ground amid rising hopes of a potential ceasefire in the Russia-Ukraine war. UK prime minister Keir Starmer said this week there is a "viable chance" of an end to the conflict ahead of US president Donald Trump's meeting with Russian president Vladimir Putin in Alaska. Trump warned of "very severe consequences" if Putin does not agree to end the war in Ukraine. Trump spoke with European leaders on Wednesday. Starmer said that "any ceasefire would have to be lasting and to be lasting it would need security guarantees[...] That is why we set up this coalition of the willing." Markets in London were also reacting to the latest UK GDP figures, which showed that growth slowed in the second quarter — the latest data point evidencing the shaky ground the UK economy is standing on heading into the autumn budget. London stocks fell about 0.3% at the opening bell. Commodities stocks such as Rio Tinto (RIO.L) and Shell (SHEL.L) were among the top fallers in the index. The DAX (^GDAXI) in Germany ticked up 0.1% Paris's CAC 40 (^FCHI) rose 0.2% The pan-European STOXX 600 (^STOXX) gained around 0.1% ahead of the latest EU GDP reading. Admiral stock pops AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to stock pops AJ Bell investment director Russ Mould, said: AJ Bell investment director Russ Mould, said: Bitcoin at record highs Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK Yahoo Finance UK's Brian McGleenon writes: Bitcoin (BTC-USD) surged to a new all-time high above $123,500 (£90,984) in early Thursday trading, extending a week-long rally that has lifted the broader cryptocurrency market. Bitcoin briefly traded at $123,512 before easing back to around $121,700. The world's biggest cryptocurrency is now up more than 6% over the past week, breaking through its previous July peak of just over $120,000. 'Bitcoin's latest rally reflects the blurring lines between crypto and traditional assets, happening faster than institutional adoption timelines predicted,' VOOI CEO and co-founder Will K said. 'While ETFs brought institutions into bitcoin, retail traders are returning to evolved decentralised platforms that have shed their clunky origins.' Read more on Yahoo Finance UK UK industrial production figures outstrip expectations Here are the top line figures: Here are the top line figures: Drop in rental listings spells price rises: RICS Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Yahoo Finance UK's Pedro Goncalves writes: The supply of new rental properties in the UK has fallen at its fastest rate in five years, according to the Royal Institution of Chartered Surveyors (RICS). The latest survey reveals that 31% of surveyors saw a decline in new instructions from landlords, marking the weakest reading since April 2020. This sharp drop reflects a "firmly negative trend" in the number of rental properties coming onto the market. Despite this downturn in supply, tenant demand remained stable over the three months leading up to July. With fewer properties becoming available, rental prices are expected to continue rising. A net balance of 25% of survey participants anticipate higher rents in the coming months. In the sales market, new buyer inquiries also showed signs of weakening in July. A net balance of 6% of property professionals reported a decline in fresh inquiries from buyers, suggesting a softening in demand compared to June, when a net balance of 4% had observed an uptick. Read more on Yahoo Finance UK Investors bet on a slow in pace of ECB rate cuts: Reuters Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Reuters has a take on the cooling bets for further interest rate cuts by the European Central Bank. Here's what they said: Dow within striking distance of all-time highs as US rate cut priced in US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. US stock futures slightly pared gains seen on Wednesday. Over the past few sessions there has been a bullish sentiment following the July Consumer Price Index (CPI) report. Though the data showed inflation had ticked up, it increased less than expected. Treasury Secretary Scott Bessent also on Wednesday called on the Fed to lower rates by 150 to 175 basis points. "I think we could go into a series of rate cuts here, starting with a 50 basis point rate cut in September," he told Bloomberg. The result has been a surge in bets that the Fed would cut interest rates at its September policy meeting, especially in light of recent warning signs the labor market is weakening. By Wednesday afternoon, traders had fully priced in a September cut, according to the CME Group, with bets also rising on a potential "jumbo" cut of 50 basis points. Weaker growth bad sign for consumers, say analysts Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: Alice Haine, personal finance analyst at Bestinvest by Evelyn Partners, said: 'More to do', says Reeves Chancellor Rachel Reeves commented on the GDP figures: Chancellor Rachel Reeves commented on the GDP figures: UK economic growth slows between April and June Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Pedro Goncalves was up bright and early covering UK GDP. Here's what he found: The UK economy's growth slowed between April and June, according to official figures, as US president Donald Trump's tariffs hit and businesses grappled with higher costs. Figures from the Office for National Statistics (ONS) showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Economists polled by Reuters, as well as the Bank of England, had forecast 0.1% growth in GDP for the April-June period. Growth in the latest quarter was driven by increases of 0.4% in services and 1.2% in construction, while the production sector fell by 0.3% ONS director of economic statistics Liz McKeown said: 'Growth slowed in the second quarter after a strong start to the year. The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June. Read more on Yahoo Finance UK Good morning! Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. Hello again. Lucy Harley-McKeown here, ready for another day of rolling markets coverage for European hours. Two important things we'll be covering off today related to the UK economy: The latest GDP reading The RICS house price index Elsewhere, economic twitchers will be watching the UK industrial, manufacturing and construction output and EU GDP. There are first-half results rolling in from: Aviva (AV.L), Admiral (ADM.L), Antofagasta (ANTO.L) and Savills (SVS.L) In the US, Birkenstock (BIRK) is set to report results. Let's get to it. 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
Axios
20 minutes ago
- Axios
Focus groups: Trump redistricting push could backfire with swing voters
The reaction of Georgia swing voters in our latest Engagious / Sago focus groups shows how President Trump's sudden push for redistricting could backfire on the GOP in the midterms — if Democrats can hold voters' attention. The big picture: Just four of the 11 Biden-to-Trump swing voters in Tuesday night's sessions said they could explain why more than 50 Democratic Texas legislators have left that state. But when provided with neutral facts describing the situation, none of the 11 said they support the GOP redistricting effort. All 11 oppose an effort from the state attorney general to remove some of the Democrats from office. 10 of the 11 said Texas Democrats did the right thing by leaving the state. "Once Georgia swing voters understand what Texas Republicans are attempting, they reject it," said Rich Thau, president of Engagious, who moderated the focus groups. "That said, Democrats have done a lousy job of educating swing voters about mid-decade redistricting." Zoom in: Of the 11 focus group participants, all of whom backed President Trump in November, just three now say they approve of the administration's overall actions. All 11 said they're more anxious about the economy now than when Trump took office. Seven said they disapprove of the tariffs. How it works: Axios observed two online focus groups Tuesday night that included 11 Georgia residents who voted for Joe Biden in 2020 and Donald Trump in 2024. Five are Democrats, four are independents and two are Republicans. While a focus group is not a statistically significant sample like a poll, the responses show how some voters are thinking and talking about current events. What they're saying: " The cost of living is ridiculous and it's not slowing down; it shows no signs of getting better," said Todd L., 42, of Atlanta. "It seems like every other day there's a new tariff or he's pissed off some other country, and just every single day there's more news about inflation and job losses," said Gavin E., 52, of Decatur. "It just keeps getting worse and worse. We're hemorrhaging. It's crazy." When it comes to the Texas redistricting dispute, Kevin J., 57, of Woodstock, said: "Doing this now and redrawing their districts, that's just they want to please Donald Trump." Said Chris Z., 36, of Norcross: "He wants it now. He wants it his way. There's a proper way to do things and he doesn't follow. ... There's no balance of power. That's just not how things operate, and it'll be a domino effect with other states doing the same thing." "Once it's done every five years, then some state will push it to two years and some state will push it to a year," said Sherrecia J., 34, of Atlanta. "It's going to become more and more ridiculous. It has to have a boundary." "What's the purpose of having laws and constitutions and protocols if they're not going to be followed?" said Olanrewaju A., 44, of Decatur. Meanwhile, Thau also spent a portion of the sessions asking these swing voters how they are using and thinking about AI. The panels followed the launch of OpenAI's GPT-5. Some communities, including in Georgia, are raising concerns about the growth of data centers and their potential strains on the power grid and the environment. 10 of the 11 said they've used some form of AI; five use ChatGPT at least weekly; eight consider themselves supporters of AI. Nine worried AI will weaken privacy protections, especially related to financial data; nine also feared AI will be used to undermine America's political system; and eight said they fear AI will figure out how to launch weapons on its own, without human commands.
Newsweek
21 minutes ago
- Newsweek
Video: Russia Says Ukraine Drone Struck Rostov Apartment Building
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Video footage shared by Russian Telegram channels showed the moment a Ukrainian drone struck an apartment building in Rostov-on-Don, which the local governor said left at least thirteen people injured, two of them seriously. The drone can be seen flying slowly over buildings in the southern Russian city before descending towards the top of one and exploding on impact. WILD FOOTAGE 🔴 Video shows a Ukrainian drone slowly flying and striking a building in Rostov, southern Russia. — Open Source Intel (@Osint613) August 14, 2025 Rostov's Acting Governor Yury Slyusar said several apartment buildings were damaged in the "drone attack" and those hurt were taken to the hospital for treatment. Russia and Ukraine continue to attack each other ahead of an Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin at which the two leaders will discuss a potential peace deal. Ukraine and its European allies are hoping Trump emerges from the meeting with Russia agreeing to a ceasefire. This is a breaking news story. Updates to follow.
