Single core processor
The US, China, Ukraine, Russia, Israel, Syria, and Sudan.
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Hello,
Here are the five things you need to know today:
UNITED STATES. Nvidia saves Wall Street, and Pennsylvania Avenue.
CHINA. Beijing’s wolf warrior diplomacy returns.
UKRAINE. RUSSIA. As a peace plan emerges, Kyiv may struggle to fight on.
ISRAEL. SYRIA. Despite US efforts, old positions harden.
SUDAN. To end the conflict, Trump may have to choose sides.
And don’t forget to connect with me on LinkedIn.
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UNITED STATES. Too key to fail
Nvidia saves Wall Street, and Pennsylvania Avenue.
Asian stocks rose Thursday after Nvidia posted a 65% jump in quarterly profit to $31.9 billion, well above market expectations. CEO Jensen Huang dismissed concerns of an AI bubble. Larry Summers resigned from OpenAI’s board.
INTELLIGENCE. The central player in a circular network of technology firms, Nvidia’s strong earnings are no surprise, but nor are they a sign the boom will last forever. The results indicated $33 billion in accounts receivable, up from Q2’s $28 billion and exceeding the beat in expectations. Should OpenAI or any of its other customers be unable to meet payments, the edifice could collapse. Oracle has already lost a net $74 billion since announcing its OpenAI deal.
FOR BUSINESS. Selling shovels in a gold rush, Nvidia won’t lose money until the miners, like OpenAI, do. The White House has tacitly admitted it realises this. Donald Trump is urging states to loosen AI regulations. Non-competitive deals in an increasingly concentrated sector are being waved through. Meta’s recent antitrust win is a taste of what’s to come. And in their government interactions, messaging and donations, Silicon Valley firms are repaying the favour.
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CHINA. Leader of the pack
Beijing’s wolf warrior diplomacy returns.
China hinted it may reinstate a ban on Japanese seafood. The Netherlands handed back control of Nexperia to its parent as Germany’s finance minister continued a delayed visit to Beijing. China imported no US soybeans for a second month.
INTELLIGENCE. After friendly meetings between Xi Jinping and his Japanese and US