Jensen can sell in China again

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Tech Across the Globe

CoreWeave's power need: CoreWeave is expanding a data center that is projected to double the electricity needs of a city near Dallas, another example of the strains on the US power grid from the stampede for AI capacity.

Chip smuggling crackdown: Malaysia will require permits for exports of high-performance US AI chips, suggesting the government is responding to efforts to keep the processors from being smuggled into China.

Questions for X: EU officials will hold talks with representatives from Elon Musk's X after the company's Grok AI spurred outrage with antisemitic posts on the platform.

Revalued

Autodesk is no longer seeking to acquire PTC Inc., after considering a cash-and-stock deal for the company valued at more than $23 billion. Autodesk, which makes engineering and design software, has been fighting activist investors who say it needs to spur growth. Its shares had dropped more than 10% since Bloomberg reported the deal was under consideration.

Must Read

Jensen Huang is in China this week, and on Tuesday he made an appearance on national broadcaster CCTV. The Nvidia CEO said his $4 trillion company will resume shipping its H20 AI chips to China, days after meeting US President Donald Trump in the White House. Mackenzie Hawkins looks at the implications of the move and how it fits in with the wider efforts in Washington around trade and sanctions.

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This Week in Power On

Apple has lost its chief operating officer and several other top executives, many of whom are nearing retirement age, in what is the beginning of a management shake-up, Mark Gurman reports in this week's Power On. But don't expect CEO Tim Cook to join them, as he retains the confidence of the board, Gurman writes.

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