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US accuses Chinese AI firm Moonshot of accessing Nvidia chips despite export bans

Market News
23 Jul 2026
CNBC
View Source
Bearish
pluang ai news

A White House official accused Chinese AI company Moonshot of using Nvidia's advanced AI chips, which are restricted from export to China, to train its new Kimi K3 model. This model rivals top US AI systems and reportedly uses servers equipped with Nvidia's GB300 chips accessed in Thailand. The accusation highlights ongoing US-China tensions in AI technology, with the US seeking to tighten export controls and prevent Chinese firms from remotely accessing critical AI hardware. The situation underscores the intensifying AI race and concerns over intellectual property theft and technology control.

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AMD launches Helios AI rack system to challenge Nvidia in high-performance AI computing.

AMD launches Helios AI rack system to challenge Nvidia in high-performance AI computing.

AMD unveiled its new Helios AI rack system, designed to power large-scale AI labs and compete with Nvidia's dominance in the market. The system, promoted by CEO Lisa Su at the Advancing AI conference, boasts superior performance metrics and has alrea...

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Semiconductor ETFs rally 25% in 2026 ahead of Intel's Q2 earnings report today

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Semiconductor ETFs have surged over 25% this year, driven by strong AI demand for server chips, as Intel prepares to report its Q2 earnings. Intel's data center and AI segment is expected to grow nearly 38%, while its consumer computing unit faces sl...

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Neutral
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ROBO ETF outperforms BOTZ with broader robotics exposure and lower volatility in 2026

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Neutral
6 hours ago
Nvidia's Sydney Sykes shares how startups can secure corporate venture capital deals and join Nvidia's AI ecosystem.

Nvidia's Sydney Sykes shares how startups can secure corporate venture capital deals and join Nvidia's AI ecosystem.

Sydney Sykes, head of global venture capital alliances at Nvidia, explains how startups can enter Nvidia's ecosystem through programs like Nvidia Inception and secure corporate venture capital deals. She highlights the importance of strategic alignme...

Market News
Bullish
6 hours ago
Corporate bond yields rise as tech capex surges, pressuring equity valuations and signaling higher risk.

Corporate bond yields rise as tech capex surges, pressuring equity valuations and signaling higher risk.

Corporate bond yields and credit spreads are increasing due to a surge in capital expenditures, especially in tech companies like Oracle, Nvidia, Dell, and Meta. This rise in credit risk is reflected in Oracle's CDS default probability jumping from 3...

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