China Urges Local Firms to Avoid Nvidia H20 Chips | Bloomberg Tech 8/12/2025

China Urges Domestic Firms to Avoid Nvidia H20 Chips - China has reportedly urged its domestic companies to avoid using Nvidia's H20 chips, citing potential national security concerns. - The move comes amid ongoing tensions between China and the United States over technology and trade. - Nvidia, a major US semiconductor company, has faced increasing scrutiny from the Chinese government in recent years. - The H20 chips are believed to have advanced capabilities that could be used for sensitive applications, such as military or surveillance purposes. - The directive to avoid these chips is seen as part of China's broader efforts to reduce its reliance on foreign technology and strengthen its own semiconductor industry. Elon Musk Accuses Apple of Favoring OpenAI - Tesla CEO Elon Musk has accused Apple of favoring OpenAI, a prominent AI research company, in its App Store. - Musk suggests that Apple's policies may be unfairly benefiting OpenAI, which has close ties to the tech giant. - He has threatened possible legal action if Apple continues to allegedly discriminate against other AI companies in its app approval process. - The dispute highlights the growing competition and tensions in the rapidly evolving artificial intelligence sector. Circle Shares Soar Following Earnings Report - Circle, a leading digital payments company, has reported strong financial results, causing its shares to surge. - The company's CEO, Jeremy Allaire, has discussed plans for new products and services to further expand its offerings. - Circle's performance and growth plans have attracted investor interest, leading to a significant increase in its stock price. - The company's success reflects the ongoing transformation of the digital finance industry and the growing demand for innovative payment solutions.