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NVIDIA is (really) profiting from the AI boom

NVIDIA has revealed that its revenue for the second quarter ending on July 27 rose 56 percent compared to the same period last year, and that's without shipping any H20 chips to China. It reported a revenue of $46.7 billion and a net income of $26.4 billion. As CNBC has noted, the company previously said that H20 shipments to China could have added $8 billion in sales to its second quarter figures. Instead, the company was only able to release $180 million worth of the chips to a customer outsid

China Is Building a Brain-Computer Interface Industry

In a policy document released this month, China has signaled its ambition to become a world leader in brain-computer interfaces, the same technology that Elon Musk’s Neuralink and other US startups are developing. Brain-computer interfaces, or BCIs, read and decode neural activity to translate it into commands. Because they provide a direct link between the brain and an external device, such as a computer or robotic arm, BCIs have tremendous potential as assistive devices for people with severe

Nvidia CEO Huang says bringing Blackwell AI chip to China 'is a real possibility'

Nvidia CEO Jensen Huang waves to a crowd as he leaves the China International Supply Chain Expo (CISCE) in Beijing on July 17, 2025. Nvidia CEO Jensen Huang said there's a "real possibility" the company brings its advanced Blackwell processor to China as he urges the U.S. government to open up access for American chipmakers. He also predicted the artificial intelligence market in the world's second-biggest economy will grow 50% next year. "The opportunity for us to bring Blackwell to the Chin

Nvidia reports record sales as the AI boom continues

Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled by AI-dominated data center business, which saw a 56% year-over-year increase in revenue. Nvidia also saw its net income grow substantially since last year. The company reported a net income of $26.4 billion in the second quarter, a 59% spike since the

Nvidia reports second-quarter earnings after the bell

Nvidia reports fiscal second-quarter earnings on Wednesday after the bell. Here's how Nvidia is expected to do versus LSEG consensus estimates: Earnings per share : $1.01, adjusted : $1.01, adjusted Revenue: $46.02 billion That would represent 53% year-over-year revenue growth for Nvidia, which carries a market cap of more than $4 trillion and is already the most valuable company in the world. That type of growth would add to a streak of explosive growth for the chipmaker, which has been on

China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump

Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Cambricon is among a plethora of companies in China that are vying to be an alternative to American giant Nvidia when it comes to providing the chips required to train and run artificial intelligence applications and models. In the first half of the year, Cambricon said revenue surged more than

Chinese astronauts make rocket fuel and oxygen in space

Astronauts on board China's Tiangong space station have created rocket fuel and oxygen from water and carbon dioxide, similar to how plant's photosynthesize. Chinese astronauts have just created rocket fuel and oxygen in space using a new type of "artificial photosynthesis." The breakthrough technology, which used fairly basic equipment and minimal energy, could one day be put to use on China's proposed moon base, which is scheduled to be completed within a decade. The new experiments were car

US Intel

Listen to this post: Log in to listen Now that everyone is using ChatGPT, the lazy columnist’s trick of quoting Wikipedia to open an Article is less cliché than it is charming (at least that’s my excuse). Anyhow, here is Wikipedia’s definition of “steelmanning”: A steel man argument (or steelmanning) is the opposite of a straw man argument. Steelmanning is the practice of applying the rhetorical principle of charity through addressing the strongest form of the other person’s argument, even if

Trump Says China Convinced the World ‘Let’s All Do Magnets’

Donald Trump was all over the place during two press conferences at the White House on Monday, where he rambled about his fascist vision for the country. But there were some points of levity, including when the president tried to explain how China became a leader in rare earth minerals. Or at least that’s what we think he was talking about. “China intelligently went in and they sort of took a monopoly of the world’s magnets,” Trump said. “Nobody needed magnets until they convinced everybody 20

Apple Sues Chinese Phonemaker Oppo For Alleged Trade Secrets Theft

Apple is suing Chinese consumer electronics company Oppo for poaching a member of the Cupertino giant’s Apple Watch team to allegedly steal trade secrets. Apple, represented by lawyers from Kirkland & Ellis, is bringing the lawsuit against the company’s former sensor system architect Dr. Cheng Shi, and his new employers China-based Oppo and California-based Innopeak. Dr. Shi now leads a team developing sensing technology at Oppo’s U.S. office, according to a complaint filed by Apple on Thursda

Topics: apple china dr oppo shi

First World Humanoid Robot Games: Highlights and Fails

China hosted the first World Humanoid Robot Games last week, featuring events like kickboxing, soccer, and track and field as well as real-world tasks like cleaning and climbing stairs. There were plenty of robotic triumphs, including China's own Unitree, which took home the most medals, including four Golds in track and field events. There were also plenty of robot fails, including brutal knockouts in kickboxing, flops on the race track and painful pile-ups on the soccer field where robots fe

Nvidia reportedly halts production on its H20 AI chips

In Brief Beijing may have thrown a wrench into Nvidia’s plans on making a comeback in China’s AI market. Nvidia has instructed its component suppliers to stop production related to its H20 AI chip, according to The Information. The production halt comes after Beijing reportedly warned Chinese companies against using these chips because of potential security issues and fears of backdoors that would give the U.S. access to sensitive data. China’s government is urging companies to use domestic c

DeepSeek hints latest model will be compatible with China’s ‘next generation’ homegrown AI chips

Chinese artificial intelligence startup DeepSeek has hinted that China will soon have homegrown "next generation" chips to support its AI models, while announcing an update to one of its large language models. In a comment under a post on its official WeChat account, DeepSeek said the "UE8M0 FP8" precision format of its newly released model V3.1 is tailored for the next-generation domestically built chips that will be launched soon. FP8, or 8-bit floating point, is a data processing format tha

NVIDIA reportedly stops production of H20 AI chips

NVIDIA has reportedly asked its suppliers to halt production related to its H20 AI chips for the Chinese market. According to The Information, the company told Arizona-based Amkor Technology and Samsung Electronics to put a pause on their work for the H20. Amkor produces advanced packaging for the H20 chips, while Samsung supplies memory for NVIDIA. Reuters has also reported that NVIDIA asked Foxconn, which is in charge of backend processing for the chip, to suspend its work. "We constantly mana

DeepSeek hints latest model will be supported by China’s ‘next generation’ homegrown AI chips

Chinese artificial intelligence startup DeepSeek has hinted that China will soon have homegrown "next generation" chips to support its AI models, while announcing an update to one of its large language models. In a comment under a post on its official WeChat account, DeepSeek said the "UE8M0 FP8" precision format of its newly released model V3.1 is tailored for the next-generation domestically built chips that will be launched soon. FP8, or 8-bit floating point, is a data processing format tha

Nvidia in talks with U.S. to sell a more advanced chip to China, Jensen Huang says

Nvidia is in talks with the U.S. government about shipping a new, more advanced chip to China, CEO Jensen Huang said on Friday. Earlier this week, Reuters reported the U.S. tech giant is developing a new artificial intelligence chip for China, dubbed the B30A, that will be more powerful than the H20 — the only semiconductor Nvidia is allowed to sell in the country at present. The U.S. has grown concerned in the past few years that advanced American chips could be used in Chinese military applic

Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say

An Nvidia chip is seen through a magnifying glass in Beijing, China, on August 1, 2025. Nvidia has asked some of its component suppliers to stop production related to its made-for-China H20 general processing units, as Beijing cracks down on the American chip darling, The Information reported Friday. The directive comes weeks after the Chinese government told local tech companies to stop buying the chips due to alleged security concerns, the report said, citing people with knowledge of the mat

Vivo Vision Mixed-Reality Headset Steps Up to Apple, but Still a Tough Sell

Look-alikes of Apple products often pop up in China, and mixed-reality headsets have now joined the party. Chinese smartphone maker Vivo has introduced the Vivo Vision, a headset that mixes AR and VR and bears many similarities to the Apple Vision Pro. The company announced the Vivo Vision Discovery Edition at its 30th anniversary celebration in Dongguan, China, saying it's "the first MR product developed by a smartphone manufacturer in China, positioning Vivo as the first Chinese company to op

Vivo Launches Mixed-Reality Headset, an Apple Vision Pro Competitor

Look-alikes of Apple products often pop up in China, and mixed-reality headsets have now joined the party. Chinese smartphone maker Vivo has introduced the Vivo Vision, a headset that mixes AR and VR and bears many similarities to the Apple Vision Pro. The company announced the Vivo Vision Discovery Edition at its 30th anniversary celebration in Dongguan, China, saying it's "the first MR product developed by a smartphone manufacturer in China, positioning Vivo as the first Chinese company to op

China’s Great Firewall Mysteriously Severed Connection to the World for an Hour

For about an hour on Wednesday, China appeared to go dark—or at least internet access across the country did. According to an analysis published by the Great Firewall Report, a group that monitors internet censorship efforts in China, something happened in the wee hours of Wednesday morning that resulted in China blocking almost all traffic to TCP port 443, the standard port for HTTPS traffic. Between the hours of 12:34 and 1:48 AM in Beijing, someone was observed “unconditionally injecting for

China reportedly discouraged purchase of NVIDIA AI chips due to 'insulting' Lutnick statements

Chinese regulators reportedly dissuaded local companies from purchasing NVIDIA's H20 chips, because they found certain statements by US commerce secretary Howard Lutnick "insulting." According to the Financial Times, the Cyberspace Administration of China (CAC), the National Development and Reform Commission (NDRC) and the Ministry of Industry and Information Technology (MIIT) teamed up to intensify their efforts to push the use of homegrown chips following Lutnick's remarks in an interview with

Meet Wukong, the AI Chatbot China Has Installed on Its Space Station

The latest addition to China’s Tiangong space station is an AI chatbot with expertise in navigation and tactical planning. Named Wukong AI—after the protagonist of the “Monkey King” legend in Chinese mythology, Sun Wukong—the chatbot was introduced on the space station in mid-July, and has already completed its first mission: supporting three taikonauts during a spacewalk. Information about Wukong AI remains limited. Chinese authorities have said that they developed it from a domestic open-sour

Alibaba says smart car spinoff Banma plans to list shares in Hong Kong

Alibaba -backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45% of Banma and will continue to control over 30% of the company's stock after the listing. Banma said in a filing that the announcement does not guarantee a listing will take place. Banma, founded in 2015 and based in Shanghai, is "principally engaged in the development of smart cockp

Apple Is Making All Four iPhone 17 Models in India in a 'Watershed' Pivot From China, Report Says

Apple is manufacturing all four of its iPhone 17 models in India ahead of next month's launch, according to Bloomberg. That marks a first for the company, as it tries to mitigate the effects of President Donald Trump's tariffs on products produced in China. The production is taking place at five Indian factories. Tata Group is managing half of the manufacturing in new plants in the southern state Tamil Nadu and Taiwan's Foxconn will be manufacturing iPhones near the Bangalore airport. Apple di

Apple is reportedly making more of its new iPhones in India instead of China

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Posts from this author will be added to your daily email digest and your homepage feed. Apple is manufacturing more of its iPhone 17 phones for the US in India instead of in China, and for the first time, the full lineup of new models will ship from India at launch, according to Bloomberg. The company is also working on a successor to the iPhone 16E that it plans to make in I

China's Getting Ready to Land Astronauts on the Moon While NASA Flails Helplessly

Over half a year into Donald Trump's second term, NASA still doesn't have a long-term head. That leadership vacuum comes as the space agency is staring down the barrel of some devastating cuts to its science budget, with the White House betting its future on space exploration alone. The chaos has raised serious questions about NASA's ambitious plans to return astronauts to the surface of the Moon for the first time in over half a century. The dates of its planned Artemis program launches keep

It Looks Like China's Getting Ready to Land Astronauts on the Moon While NASA Flails Helplessly

Over half a year into Donald Trump's second term, NASA still doesn't have a long-term head. That leadership vacuum comes as the space agency is staring down the barrel of some devastating cuts to its science budget, with the White House betting its future on space exploration alone. The chaos has raised serious questions about NASA's ambitious plans to return astronauts to the surface of the Moon for the first time in over half a century. The dates of its planned Artemis program launches keep

Nvidia said to be developing new, more powerful AI chip for sale in China

The world’s most valuable chipmaker is far from giving up its desire to retain China as a key growth market. Nvidia is apparently putting together a new AI chip meant for sale in China that’s half as powerful as its flagship B300 Blackwell GPU, Reuters reported, citing anonymous sources. This new chip, codenamed B30A, would be more powerful than the H20 GPUs the company is currently allowed to sell to China, the report said, though its design will be single-die in nature, unlike the dual-die de

Apple is finally hitting a long-held goal to reduce its dependence on China

A new report says that Apple will finally hit a long-held goal to reduce its dependence on China with the launch of the iPhone 17. Indian iPhone production has always lagged behind that of China, but all this is now changing – with import tariffs acting as an additional incentive … Apple’s long-term goal The vast majority of iPhones are still assembled in China, but Apple has for many years been working on boosting the number of phones made in other countries. India is the company’s secondary

Shein reportedly weighs moving back to China in a bid for Hong Kong IPO approval

Shein is considering moving its base back to China from Singapore in a bid to convince Beijing authorities to approve the e-commerce company's Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions. Shein, which sour