Trade Restrictions on Chips Fuel Tech Stock Rout - Minute Briefing
Tech stocks fell after the U.S. said it will put export restrictions on chipmakers including Nvidia and AMD. Plus: shares of a transportation bellwether declined after reporting lower first-quarter income and revenue. Danny Lewis hosts.
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San Francisco Chronicle
35 minutes ago
- San Francisco Chronicle
Nvidia chief calls AI ‘the greatest equalizer' — but warns Europe risks falling behind
PARIS (AP) — Will artificial intelligence save humanity — or destroy it? Lift up the world's poorest — or tighten the grip of a tech elite? Jensen Huang — the global chip tycoon widely predicted to become one of the world's first trillionaires — offered his answer on Wednesday: neither dystopia nor domination. AI, he said, is a tool for liberation. Wearing his signature biker jacket and mobbed by fans for selfies, the Nvidia CEO cut the figure of a tech rockstar as he took the stage at VivaTech in Paris. 'AI is the greatest equalizer of people the world has ever created,' Huang said, kicking off one of Europe's biggest technology industry fairs. Huang's core argument: AI can level the playing field, not tilt it. Critics argue Nvidia's dominance risks concentrating power in the hands of a few. But Huang insists the opposite — that by slashing computing costs and expanding access, 'we're democratizing intelligence' for startups and nations alike. But beyond the sheeny optics, Nvidia used the Paris summit to unveil a wave of infrastructure announcements across Europe, signaling a dramatic expansion of the AI chipmaker's physical and strategic footprint on the continent. In France, the company is deploying 18,000 of its new Blackwell chips with startup Mistral AI. In Germany, it's building an industrial AI cloud to support manufacturers. Similar rollouts are underway in Italy, Spain, Finland and the U.K., including a new AI lab in Britain. Other announcements include a partnership with AI startup Perplexity to bring sovereign AI models to European publishers and telecoms, a new cloud platform with Mistral AI, and work with BMW and Mercedes-Benz to train AI-powered robots for use in auto plants. The announcements underscore how central AI infrastructure has become to global strategy — and how Nvidia, now the world's most valuable chipmaker, is positioning itself as the engine behind it. As the company rolls out ever more powerful systems, critics warn the model risks creating a new kind of 'technological priesthood' — one in which only the wealthiest companies or governments can afford the compute power, energy, and elite engineering talent required to participate. That, they argue, could choke the bottom-up innovation that built the tech industry in the first place. Huang pushed back. 'Through the velocity of our innovation, we democratize,' he said, responding to a question by The Associated Press. 'We lower the cost of access to technology.' As Huang put it, these factories 'reason,' 'plan,' and 'spend a lot of time talking to' themselves, powering everything from ChatGPT to autonomous vehicles and diagnostics. But some critics warn that without guardrails, such all-seeing, self-reinforcing systems could go the way of Skynet in ' The Terminator ' movie — vast intelligence engines that outpace human control. To that, Huang offers a counter-model: layered AI governance by design. 'In the future,' he said, 'the AI that is doing the task is going to be surrounded by 70 or 80 other AIs that are supervising it, observing it, guarding it, ensuring that it doesn't go off the rails.' He likened the moment to a new industrial revolution. Just as electricity transformed the last one, Huang said, AI will power the next — and that means every country needs a national intelligence infrastructure. That's why, he explained, he's been crisscrossing the globe meeting heads of state. 'They all want AI to be part of their infrastructure,' he said. 'They want AI to be a growth manufacturing industry for them.' Europe, long praised for its leadership on digital rights, now finds itself at a crossroads. As Brussels pushes forward with world-first AI regulations, some warn that over-caution could cost the bloc its place in the global race. With the U.S. and China surging ahead and most major AI firms based elsewhere, the risk isn't just falling behind — it's becoming irrelevant. Huang has a different vision: sovereign AI. Not isolation, but autonomy — building national AI systems aligned with local values, independent of foreign tech giants. 'The data belongs to you,' Huang said. 'It belongs to your people, your country... your culture, your history, your common sense.' But fears over AI misuse remain potent — from surveillance and deepfake propaganda to job losses and algorithmic discrimination. Huang doesn't deny the risks. But he insists the technology can be kept in check — by itself. The VivaTech event was part of Huang's broader European tour. He had already appeared at London Tech Week and is scheduled to visit Germany. In Paris, he joined French President Emmanuel Macron and Mistral AI CEO Arthur Mensch to reinforce his message that AI is now a national priority.
Yahoo
an hour ago
- Yahoo
Cisco fortifies enterprise networking gear to support AI workloads
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Cisco rolled out a series of hardware upgrades designed to ease enterprise AI adoption, including retooled networking components, a unified network management platform and the Deep Network Model domain-specific large language model to power an AI assistant, the company said Tuesday at its annual Cisco Live conference in San Diego. 'As AI transforms work, it fuels explosive traffic growth across campus, branch and industrial networks, overwhelming IT teams with complexity and novel security risks at a time when downtime has never been more costly,' Jeetu Patel, president and chief product officer at Cisco, said in the announcement. Cisco's portfolio overhaul comes as CIOs grapple with infrastructure limitations and safety concerns inherent in AI deployments, according to Matt Eastwood, IDC SVP of enterprise infrastructure. 'The reality is that existing enterprise networks are simply not equipped to handle the scale, security and reliability requirements that AI demands,' Eastwood said in the announcement. Cisco is banking on enterprises taking a hybrid route to AI adoption. The LLMs that power off-the-shelf chatbots, copilots and AI assistants are trained on high-capacity chips in massive cloud data centers but enterprises need secure networks to connect models to their data. The company signaled an enterprise IT shift last month, after surpassing its fiscal year 2025 goal of $1 billion in hyperscaler AI networking gear orders in its third quarter, which ended on April 26. 'On the tail-end of building out all the public cloud infrastructure for training, there is a significantly larger opportunity in enterprise AI, as they build out the capability to do inferencing inside their own data centers,' Cisco EVP and CFO Scott Herren said during the Q3 2025 earnings call. Cisco saw revenue increase 11% to $14.1 billion, with networking revenue growing 8% year over year. Switches and enterprise routing equipment led the segment with double-digit growth, Herren said. As AI infrastructure build outs reach into the enterprise, Cisco has tightened its alliance with GPU chipmaker Nvidia. The two companies agreed to collaborate on an integrated architecture for AI-ready enterprise data center networks in February and announced Tuesday that Nvidia's RTX Pro 6000 Blackwell Server Edition GPU is available in Cisco servers. In addition to training a network-savvy AI agent trained on Cisco specifications and courseware to detect anomalies, diagnose problems and automate workflows, the company is designing routers, switches and other networking gear for a growing class of agentic tools, Patel said during a briefing last week. 'There'll be tens of billions of agents conducting work on our behalf,' said Patel. 'To get all this to happen, the fundamental requirements around infrastructure, as well as safety and security, will need to be completely rethought, because the classical ways that infrastructure was handled just won't be able to deal with the scale and proportion that we're talking about — that's why you're seeing such a massive level of build out globally of data center capacity.' The largest hyperscaler by market share, AWS, committed $20 billion to AI infrastructure buildouts in Pennsylvania on Monday. The company announced plans for a $10 billion data center construction project in North Carolina last week. Enterprises are eager to shore up on-site infrastructure, too. Nearly 9 in 10 organizations plan to expand compute capacity to run AI workloads, according to a Sandpiper Research and Insights survey of more than 8,000 senior IT and business leaders commissioned by Cisco. More than three-quarters of respondents said their organization had suffered a major network outage due to congestion, cyberattack or misconfiguration. 'The consequence of us not getting this infrastructure piece right is pretty profound,' Patel said. 'What we want to do is have people not have to think about infrastructure.' 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
Yahoo
an hour ago
- Yahoo
New AMD EPYC 4005 Series Server CPUs Now Available Exclusively at Newegg for North American Retail Launch
DIAMOND BAR, Calif., May 13, 2025--(BUSINESS WIRE)--Newegg Commerce, Inc. (NASDAQ: NEGG) (the "Company"), a global leader in e-commerce for computer and technology products, today announced that the new AMD EPYC™ 4005 Series processors are available as a North America retail launch exclusive through both Newegg and Newegg Business. The new processors are advanced, server-validated, and energy-efficient CPUs built for low-cost, easy-to-deploy systems tailored to growing businesses. In addition to the North America retail launch exclusive, Newegg Business will host a free webinar on June 18, 2025, to discuss the performance capabilities of the new AMD EPYC™ 4005 Series processors and offer a Q&A with AMD. To learn more and register for the webinar, visit Newegg Business. AMD EPYC™ 4005 Processors The 5th generation AMD EPYC™ processors expand the EPYC family with entry-level systems designed for small businesses and hosted IT providers seeking performance, efficiency, and value. Featuring advanced 'Zen 5' cores, the lineup offers six single-CPU models with 6 to 16 cores, including an AMD 3D V-Cache™ option. With Thermal Design Power (TDP) ranging from 65W to 170W, support for up to 192GB DDR5, PCIe® Gen 5, and software RAID, these processors deliver scalable, reliable, and cost-effective performance for everyday business and 24/7 service needs. "We're proud to partner with AMD on the launch of this outstanding new generation of server CPUs," said Ivan McClain, Marketing Manager at Newegg Business. "We're excited to add these powerful processors to our server solutions and help our business customers tackle today's demanding IT workloads with confidence." The new AMD EPYC™ 4005 Series processors are now available on Newegg and Newegg Business. AMD CPU Model Zen 5Cores L3 Cache(MB) MaxBoost Base Clock(GHz) MaxBoost(GHz) NeweggBusiness Link NeweggLink EPYC 4565P 16 64 170W 4.3 5.7 View View EPYC 4545P 16 64 65W 3 5.4 View View EPYC 4465P 12 64 65W 3.4 5.4 View View EPYC 4345P 8 32 65W 3.8 5.5 View View EPYC 4245P 6 32 65W 3.9 5.4 View View EPYC 4585PX 16 128 170W 4.3 5.7 View View "The AMD EPYC 4005 Series captures performance, price and practicality that small businesses require as they seek to acquire a system that meets their unique demands," said Derek Dicker, corporate vice president, Enterprise and HPC Business, AMD. "Growing businesses will now have a compelling, right-sized solution, packaged in an affordable, easy-to-use platform that fits their current needs but can scale as their business grows." Servers Solutions on Newegg Newegg offers a comprehensive selection of server solutions, providing thousands of choices that span from entry-level towers to high-performance rackmounts, blade servers, and cutting-edge AI-optimized systems. Customers can explore top-tier brands including Dell, HPE, Supermicro, ASUS, GIGABYTE, Lenovo, MSI, and ASRock Rack, ensuring access to the full spectrum of essential components — CPUs, motherboards, memory, storage (HDD/SSD/NVMe), network cards, power supplies, chassis, and RAID controllers. Many of these systems are customizable to meet the demands of specific workloads, making them ideal for both large-scale enterprise data centers and small-to-medium business (SMB) IT environments. Rosewill Server Components Rosewill, a Newegg brand founded in 2004, has become a trusted name in cost-effective, DIY-friendly server solutions. Its extensive portfolio features compact 1U and 2U server chassis, spacious 4U racks, and modular designs tailored to the needs of both professional integrators and enthusiast builders. Rosewill's server-grade power supplies deliver exceptional energy efficiency while its enclosures are designed for advanced cooling — essential for maintaining optimal data center performance. With a longstanding reputation for producing high-quality server accessories, enclosures, and components, Rosewill continues to be a go-to choice for system builders and small businesses seeking reliable, affordable server infrastructure. Disclaimers Performance claims are based on internal or third-party testing under specific conditions and may vary depending on system configurations, applications, and usage. Prices and availability are subject to change without notice. Products from third-party brands are sold by Newegg but manufactured and warrantied by their respective companies. For the latest updates, visit About Newegg Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses' e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially due to factors beyond Newegg's control, including but not limited to market conditions, supply chain disruptions, and evolving customer demands. For additional information, please review Newegg's filings with the U.S. Securities and Exchange Commission. View source version on Contacts Andrew ChoiNewegg Commerce Sign in to access your portfolio
