Latest news with #AI-processor
Boston Globe
2 days ago
- Business
- Boston Globe
Amazon's emissions climbed 6% in 2024 on data center buildout
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up TECH Advertisement Nvidia CEO downplays role in lifting US ban on chip sales to China CEO of Nvidia Jensen Huang spoke to journalists during a press conference at the Mandarin Oriental Qianmen after attending the third China International Supply Chain Expo, in Beijing, on Wednesday. Andy Wong/Associated Press The head of Nvidia downplayed his role in getting the US government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet US restrictions on technology exports to China but nonetheless blocked in April. He met President Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. 'I don't think I changed his mind,' Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. He described his role as informing governments in the United States and elsewhere of the nature and unintended consequences of their policies. The decision to lift the ban on the H20 chip was entirely in the hands of the American and Chinese governments and whatever trade talks they had, he said. 'We can only influence them, inform them, do our best to provide them with facts,' Huang said. 'And then beyond that is out of our control.' — ASSOCIATED PRESS Advertisement ECONOMY Fed Beige Book shows slight improvement People walk in a shopping district along 5th Avenue in Manhattan on July 14. Spencer Platt/Getty US economic activity 'increased slightly' between late May and early July, the Federal Reserve said in its Beige Book survey of regional business contacts. 'That represented an improvement over the previous report, in which half of districts reported at least slight declines in activity,' according to the report published Wednesday. 'Uncertainty remained elevated, contributing to ongoing caution by businesses.' All 12 regions of the country reported price increases, with businesses experiencing 'modest to pronounced input cost pressures related to tariffs,' the Beige Book said. 'Many firms passed on at least a portion of cost increases to consumers through price hikes or surcharges, although some held off raising prices because of customers' growing price sensitivity, resulting in compressed profit margins,' according to the report. The Boston Fed compiled the latest edition of the Beige Book using information gathered on or before July 7. The report includes commentary and anecdotes from business leaders and other contacts in each of the Fed's 12 regional districts. Fed officials next meet July 29-30. — BLOOMBERG NEWS Advertisement PHARMACEUTICALS J&J shrugs off Trump tariff threat and boosts outlook The Johnson & Johnson campus in New Brunswick, N.J. Mark Kauzlarich/Bloomberg Johnson & Johnson beat Wall Street's quarterly sales expectations and raised its full-year outlook, a show of confidence as the pharmaceutical industry faces the dual threats of tariffs and a crackdown on drug pricing. J&J's strong second quarter comes as President Trump floats the idea of levies on the sector. On Tuesday night, he said tariffs on drugs could 'probably' come at the end of the month, starting low and working their way up. A week earlier, Trump told reporters he would impose tariffs as high as 200 percent on drug companies if they don't shift more of their manufacturing to the US over the next year to 18 months. A slow ramp-up to tariffs would actually be good news, J&J chief financial officer Joe Wolk said in an interview. The delay shows 'there's an understanding you can't put up a biopharmaceutical manufacturing facility overnight,' Wolk said. 'As long as those conversations continue to occur, I think we're in a pretty good position.' Shares rose 6.2 percent in Wednesday trading. J&J is often an industry bellwether as the first heath care company to report earnings each quarter. Its performance is being closely watched as drugmakers operate under the specter of potential tariffs and a new policy that seeks to make US drug prices among the lowest in the world. — BLOOMBERG NEWS HEALTH Kennedy fires 2 top aides in department shake-up US Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. a roundtable discussion on soil health at the US Capitol on July 15. Michael M. Santiago/Getty Health Secretary Robert F. Kennedy Jr. fired two of his top aides this week, shaking up his leadership team at the Department of Health and Human Services amid an aggressive effort to reshape public health policy. The firings were of Heather Flick Melanson, his chief of staff, and Hannah Anderson, his deputy chief of staff for policy, according to two people familiar with the matter. They spoke on the condition of anonymity because they were not authorized to speak publicly about the personnel changes. The reason for the ousters, which were first reported by CNN, was not immediately clear. Both Flick Melanson and Anderson were seen as steady and effective government veterans. During a recent Senate hearing, Kennedy indicated that they were the people in his office to call to get things done. When one lawmaker raised a concern about regulations governing the amount of sugar in orange juice, Kennedy advised: 'Why don't you call Heather Flick or Hannah Anderson this week? And we will act on that as quickly as we can.' But Kennedy has also demonstrated that he is willing to muscle his agenda forward. He has pushed ahead with a plan to fire about 20,000 staff members from the health department and pare down 28 divisions to 15 — all amid court challenges. — NEW YORK TIMES Advertisement
The Hill
3 days ago
- Automotive
- The Hill
Nvidia CEO downplays role in lifting US ban on chip sales to China
BEIJING (AP) — The head of Nvidia downplayed his role in getting the U.S. government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet U.S. restrictions on technology exports to China but nonetheless blocked in April. He met U.S. President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. 'I don't think I changed his mind,' Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organized press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companies must adapt to in a world he said was reconfiguring itself. He described his role as informing governments in the U.S. and elsewhere of the nature and unintended consequences of their policies. The decision to lift the ban on the H20 chip was entirely in the hands of the American and Chinese governments and whatever trade talks they had, he said. 'We can only influence them, inform them, do our best to provide them with facts,' Huang said. 'And then beyond that is out of our control.' Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company $5.5 billion. The White House also blocked a chip from Advanced Micro Devices. Both companies say the Commerce Department is now moving forward with license applications to export them to China. Huang said his company would likely be able to recover some of its losses but it's unclear how much. That will depend on how many H20 orders are received and how quickly Nvidia can meet the demand. 'I think that H20 is going to be very successful here,' he said, noting the chip's memory bandwidth makes it a good fit for the AI models being developed by Chinese companies such as DeepSeek and Alibaba. Huang also touted the release of a new RTX Pro graphics chip that he said would power the development of humanoid robots. He described robotic systems with teams of robots working alongside people as the next wave in AI. 'Because there's so much robotics innovation going on and so much smart factory work being done here and the supply chain is so vast, RTX Pro is perfect,' he said.
Washington Post
3 days ago
- Business
- Washington Post
Nvidia CEO downplays role in lifting US ban on chip sales to China
BEIJING — The head of Nvidia downplayed his role in getting the U.S. government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet U.S. restrictions on technology exports to China but nonetheless blocked in April .
3 days ago
- Automotive
Nvidia CEO downplays role in lifting US ban on chip sales to China
BEIJING -- The head of Nvidia downplayed his role in getting the U.S. government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet U.S. restrictions on technology exports to China but nonetheless blocked in April. He met U.S. President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. 'I don't think I changed his mind,' Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organized press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companies must adapt to in a world he said was reconfiguring itself. He described his role as informing governments in the U.S. and elsewhere of the nature and unintended consequences of their policies. The decision to lift the ban on the H20 chip was entirely in the hands of the American and Chinese governments and whatever trade talks they had, he said. 'We can only influence them, inform them, do our best to provide them with facts,' Huang said. 'And then beyond that is out of our control.' Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company $5.5 billion. The White House also blocked a chip from Advanced Micro Devices. Both companies say the Commerce Department is now moving forward with license applications to export them to China. Huang said his company would likely be able to recover some of its losses but it's unclear how much. That will depend on how many H20 orders are received and how quickly Nvidia can meet the demand. 'I think that H20 is going to be very successful here,' he said, noting the chip's memory bandwidth makes it a good fit for the AI models being developed by Chinese companies such as DeepSeek and Alibaba. Huang also touted the release of a new RTX Pro graphics chip that he said would power the development of humanoid robots. He described robotic systems with teams of robots working alongside people as the next wave in AI. 'Because there's so much robotics innovation going on and so much smart factory work being done here and the supply chain is so vast, RTX Pro is perfect,' he said.
Chicago Tribune
3 days ago
- Automotive
- Chicago Tribune
Nvidia CEO downplays role in lifting US ban on chip sales to China
BEIJING — The head of Nvidia downplayed his role in getting the U.S. government to lift a ban on selling an advanced computer chip in China and said it will take time to ramp up production once orders for the AI-processor come in. CEO Jensen Huang, speaking Wednesday in the Chinese capital Beijing, was upbeat about the prospects for the H20 chip, which was designed to meet U.S. restrictions on technology exports to China but nonetheless blocked in April. He met U.S. President Donald Trump before his trip and his company announced this week it had received assurances that sales to China would be approved. 'I don't think I changed his mind,' Huang told a cluster of journalists, many of whom asked for his autograph or to take selfies with him. A carefully organized press conference at a luxury hotel descended into a crowd scene when Huang arrived in his trademark leather jacket and started taking questions randomly in his characteristic casual style. Export controls and tariffs were something companies must adapt to in a world he said was reconfiguring itself. He described his role as informing governments in the U.S. and elsewhere of the nature and unintended consequences of their policies. The decision to lift the ban on the H20 chip was entirely in the hands of the American and Chinese governments and whatever trade talks they had, he said. 'We can only influence them, inform them, do our best to provide them with facts,' Huang said. 'And then beyond that is out of our control.' Nvidia said in April that sales restrictions on its chip in China on national security grounds would cost the company $5.5 billion. The White House also blocked a chip from Advanced Micro Devices. Both companies say the Commerce Department is now moving forward with license applications to export them to China. Huang said his company would likely be able to recover some of its losses but it's unclear how much. That will depend on how many H20 orders are received and how quickly Nvidia can meet the demand. 'I think that H20 is going to be very successful here,' he said, noting the chip's memory bandwidth makes it a good fit for the AI models being developed by Chinese companies such as DeepSeek and Alibaba. Huang also touted the release of a new RTX Pro graphics chip that he said would power the development of humanoid robots. He described robotic systems with teams of robots working alongside people as the next wave in AI. 'Because there's so much robotics innovation going on and so much smart factory work being done here and the supply chain is so vast, RTX Pro is perfect,' he said.
