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Chinese officials are asking domestic tech giants to buy locally-made AI chips instead of Nvidia’s, The Information reported on Monday. Major tech companies like Alibaba, Baidu, TikTok parent company ByteDance, and Tencent were told to pare back their spending on foreign-made chips like Nvidia’s, the outlet reported, citing people familiar with the matter. Chinese tech […]
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Police presence will be heightened in the City of London on Monday after six pro-Palestinian activists suspected of planning to disrupt the opening of the London Stock Exchange were arrested, the Metropolitan police said. The […]
Wall Street JournalEuropean Stocks Shrug Off Greece FearsWall Street JournalEuropean equity markets largely shrugged off the collapse of crucial negotiations over a new financing deal for Greece, with the euro chalking up strong gains as investors continue to bet that a deal will be reached to secure the country's …