When it comes to AI, conservatives should embrace free market principles over state intervention. The post Copying China to Defend America? appeared first on The American Conservative .
Foreign Affairs Copying China to Defend America? When it comes to AI, conservatives should embrace free market principles over state intervention. For much of recent history, China has sought to shed the more onerous aspects of its old command economy. After the disastrous failures of the Great Leap Forward and Maoism further impoverished an already poor nation, a new crop of leaders like Deng Xiaoping pursued market-oriented reforms intended to bring China the prosperity that capitalism had delivered for Western countries like the United States. Now, nearly five decades on, politicians in the United States—including, remarkably,…Open
Data: FactSet; Chart: Matt Phillips/Axios The momentum trade is having a terrible start to the second half. Why it matters: Momentum shares drove the market gains early in the year, and it will be harder for the rally to continue without their participation. How it works: Momentum is one of the "factors" some mathematically minded investors, known as quants , use to describe and organize the market according to certain well-understood market trends. - Momentum stocks are defined, more or less, as shares that have been going up — and outperforming the broader market — for roughly a year. - The academic research that quantitative investing is based on has found that such trends have a tendency to persist. - In other words, a momentum…
The company best known for powering the AI boom is coming for the PC: Nvidia is expected next week to debut the first Windows computers that use its chips as the main processor, sources confirm to Axios. Why it matters: Microsoft's first AI PC push stumbled , but Nvidia's arrival gives it a second chance, this time with the world's hottest chipmaker attached. Driving the news: Nvidia and Microsoft will unveil their joint work and the first computers running the chips at two key industry conferences — the Computex trade show in Taiwan and Microsoft's Build developer conference in San Francisco. - Nvidia-powered PCs are expected both from Microsoft's homegrown Surface brand as well as other computer makers, including Dell, sources…
President Donald J. Trump has named the first members of the President’s Council of Advisors on Science and Technology (PCAST), which was created by executive order. The panel is authorized to have up to 24 members, and further appointments are expected shortly. The post Trump Just Named These Big Tech Execs to the Science and Technology Advisory Council: appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: President Donald J. Trump announced the first appointments to the President’s Council of Advisors on Science and Technology (PCAST). WHO WAS INVOLVED: President Trump, PCAST co-chairs David Sacks and Michael Kratsios, and appointees including Marc Andreessen, Sergey Brin, Safra Catz, Michael Dell, Larry Ellison, Jensen Huang, and Mark Zuckerberg, among others. WHEN & WHERE: Announced today, as part of an Executive Order establishing the Council. KEY QUOTE: “Under President Trump, PCAST will focus on ensuring all Americans thrive in the Golden Age of Innovation.” – White House statement IMPACT: The Council will provide recommendations to strengthen American leadership in science and technology. IN FULL…Open
The Trump administration is reportedly weighing rules that would require foreign buyers to obtain licenses from the U.S. government to buy American AI chips . Why it matters: The AI chips sector has been flourishing as tech companies ramp up their spending on data centers and new AI models, underpinning the broader market. The big picture: The draft regulations would give "Washington broad control over whether other countries can build facilities for training and running artificial-intelligence models — and under what conditions," Bloomberg reported Thursday. - Such a requirement would add a layer of bureaucracy to foreign sales of chips from the likes of Nvidia and AMD that could slow sales or serve as the regulatory structure to…
Meta is doubling down on Nvidia AI chips , committing to spend tens of billions of dollars on the chipmaker's newest offerings and sending shares of both companies higher. Why it matters: Even though Meta is already one of Nvidia's biggest buyers, the deal is so big that it stands to boost both companies. Driving the news: Meta will buy millions of chips from Nvidia, ranging from standalone Grace CPUs to next-gen Blackwell GPUs and upcoming Vera Rubin systems, to use across its U.S. data center buildout. - This makes Meta the first Big Tech firm to commit to buying standalone central processing units from Nvidia, which are used to run AI rather than train AI. - This signals a shift toward inference over training, with the latter…