Daily brief
Nvidia has resumed manufacturing its H200 AI chips for the Chinese market to fulfill existing orders, with its CEO confirming the move. The company is also preparing other chip variants, like Groq, designed to comply with U.S. export restrictions for sale in China.
Alibaba has consolidated its AI operations under a new division led by its CEO, launching an enterprise AI platform as part of a major restructuring to boost profitability amid intense competition with rivals like Baidu and Tencent (ongoing coverage).
Chinese oil giants have resumed purchasing Russian crude following a temporary U.S. sanctions waiver.
China is ramping up scrutiny of a reported AI deal involving Meta, according to sources.
A U.S. senator has asked the White House whether investors in TikTok will pay approximately $10 billion to the U.S. Treasury.