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HomeDaily NewsTuesday, July 15, 2025AI Industry Moves
Business & Economy3 stories from 1 sources

AI Industry Moves

Nvidia to restart AI chip sales to China; Meta to invest hundreds of billions in AI data centers; Musk’s Grok signs $200m deal.

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CCapital BusinessFirst

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Tuesday 3:01 PMCapital Business

Nvidia says it will restart AI chip sales to China

Nvidia says it will restart AI chip sales to China

Nvidia has announced plans to resume sales of its high-end artificial intelligence (AI) chips to China, following assurances from the US government regarding export licenses. This decision reverses a ban imposed in April by the Trump administration.

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Key Highlights

Nvidia has announced plans to resume sales of its high-end artificial intelligence (AI) chips to China, following assurances from the US government regarding export licenses. This decision reverses a ban imposed in April by the Trump administration.

  • Key product: H20 chips, previously banned for potential military use.
  • Key person: Jensen Huang, CEO of Nvidia, who has been advocating for the chip sales.
  • Context: The sales resumption coincides with easing trade tensions between Beijing and Washington, including a temporary truce on tariffs.
Tuesday 11:25 AMCapital BusinessFirst

Meta to spend hundreds of billions to build AI data centres

Meta to spend hundreds of billions to build AI data centres

Meta, led by founder Mark Zuckerberg, plans to invest hundreds of billions of dollars in building large AI data centres across the US, with the first, named Prometheus, set to operate by 2026.

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Key Highlights

Meta, led by founder Mark Zuckerberg, plans to invest hundreds of billions of dollars in building large AI data centres across the US, with the first, named Prometheus, set to operate by 2026.

  • Investment of hundreds of billions to create AI-driven facilities, including a multi-gigawatt data centre covering an area almost the size of Manhattan.
  • Mark Zuckerberg announced the plans via his social platform, Threads.
  • The Hyperion cluster, expected to reach five gigawatts in capacity by 2030, will be located in Louisiana.
Tuesday 3:37 PMCapital Business

Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

Musk’s Grok signs $200m deal with Pentagon days after antisemitism row

The Pentagon has signed a $200 million contract with Elon Musk’s company, xAI, to use the Grok AI chatbot as part of its expanding AI toolkit for government applications, despite a recent controversy involving antisemitic content.

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Key Highlights

The Pentagon has signed a $200 million contract with Elon Musk’s company, xAI, to use the Grok AI chatbot as part of its expanding AI toolkit for government applications, despite a recent controversy involving antisemitic content.

  • $200 million contract for AI chatbot Grok as part of the “Grok for Government” program.
  • Elon Musk and his company xAI are key players in this development.
  • The contract follows backlash over Grok’s controversial statements, which Musk claims were due to manipulation.
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