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AI & Enterprise

Nvidia hits record high after approval to sell H200 to China, surpasses silver by market cap

Nvidia shares hit a record $236.46 after the U.S. government approved sales of H200 chips to about 10 Chinese companies, including Alibaba, Tencent, ByteDance and JD.com. The move could partially reopen top-tier AI chip sales in China after October 2023 export controls. Lenovo and Foxconn were approved as distributors. Nvidia’s market value rose to $5.52 trillion, overtaking silver as the world’s second-largest asset.

AI & Enterprise

Sensetime wages all-out push with low-cost AI strategy

Chinese artificial intelligence company Sensetime is pushing a strategy that stresses cost efficiency over top-end performance, led by its new multimodal model SenseNova U1. It aims to avoid a contest to build ever-larger, more expensive models and instead focus on low operating costs and enterprise customers, as it faces U.S. sanctions and intense competition in China. The company said it narrowed losses and posted its first positive EBITDA since listing.

AI & Enterprise

DeepSeek founder Liang Wenfeng out of sight for 1 year; who is Chen Deri?

DeepSeek founder and CEO Liang Wenfeng has remained largely out of public view since a televised meeting with President Xi Jinping in February last year, the South China Morning Post reported. Company filings show Liang’s stake rose to 34 percent from 1 percent, while paid-in and registered capital increased. At the same time, senior researcher Chen Deri has increasingly delivered DeepSeek’s external messages, including around the launch of its V4 AI model.