Huawei scientist says Nvidia will soon hit the same chip wall

One of the Chinese company’s top scientists has warned that Nvidia will soon run into the same physical limit on chip performance that Huawei says is reshaping the whole industry, according to Bloom [...]

BlackRock launches tokenised money market funds to back stablecoins

BlackRock wants to run the money behind stablecoins. The world’s largest asset manager has launched two tokenised money market funds built to serve as reserves for stablecoin issuers, deepening its [...]

The ‘death zone’: how free Chinese models are hollowing out US AI

China’s open-source AI push has created what Bloomberg calls a ‘death zone’ for rival American model makers. The phrase captures a squeeze on the middle of the market, where US companies are too [...]

SpaceX is crowding rivals off the rockets they depend on

SpaceX has a scheduling problem that is really a strategy. As it launches ever more of its own Starlink satellites, the company is crowding rivals off the very rockets those rivals depend on. The sque [...]

Congress hasn’t written AI’s rules yet. It already spends nine of every ten AI dollars with OpenAI.

Before Congress writes a single rule for artificial intelligence, it has already picked a supplier. In the year to the end of March, House offices spent nine of every ten visible AI dollars on one pro [...]

US is drafting a ban on Chinese devices in data centres

The Trump administration wants Chinese hardware out of American data centres. Officials are drafting a ban on Chinese-made devices used in data centres, according to Reuters, the latest move to wall o [...]

AI’s power crunch is sending data-centre builders to the banks

The bottleneck in AI is no longer chips. It is power, and the scramble to secure it is sending data-centre builders to the banks for billions in financing commitments, Bloomberg reports.The shift is a [...]

Spotify guides Q3 profit below estimates as user growth slows

Spotify gave investors a number they did not love. The streaming company guided to third-quarter operating income of €670m, just short of the €678m Wall Street had pencilled in, and the stock has [...]

PwC is hiring fewer consultants and accountants. Its CEO is still sending his kids into consulting.

The Big Four built its fortune on armies of junior consultants and accountants. PwC has started hiring fewer of them. Its US boss says that is the future, and he is comfortable with it. Paul Griggs, P [...]