| |  | Dec 10, 2025 | | | | | Supported by |  | | | | | | Happy Wednesday! China summons its tech giants to discuss whether to allow them to buy Nvidia's H200 chips. SpaceX is on track to generate about $15 billion in revenue this year. OpenAI hires former Slack CEO Denise Dresser as its new chief revenue officer.
| | | | China on Wednesday gathered its biggest tech giants to discuss whether to allow them to buy Nvidia's advanced H200 chips, The Information reported. The meetings came after President Donald Trump's recent decision to allow the export of the H200 to China suddenly complicated Beijing's goal to become technologically self-sufficient. Officials convened a series of emergency meetings with representatives from companies including Alibaba Group, ByteDance and Tencent Holdings, and asked them to assess their demand for the H200, for which China currently has no domestic alternatives, according to two people with direct knowledge of the matter. The officials told the companies that they would soon be informed of the government's decision, after officials compile their responses, the two people added. The meetings highlight Chinese policymakers' dilemma: whether to support AI development that needs powerful chips China can't yet produce, or push through the adoption of homegrown chips to eventually rid the country of U.S. technology. One of the options being considered is to impose caps on the amount of Nvidia chips that can be purchased relative to the amount of domestic processors they already have and plan to buy, though it remains unclear whether the ratio would be measured by dollar value or chip count, The Information reported. | | | | SpaceX is on track to generate about $15 billion in revenue this year, Bloomberg reported on Tuesday. The Elon Musk-led space firm is also expecting to bring in $22 billion to $24 billion next year, with the bulk of revenue coming from its Starlink satellite internet service, according to the report. The fresh revenue numbers come as SpaceX is gearing up for a potential initial public offering in 2026, as first reported by The Information on Friday. SpaceX is also currently holding a share sale that would value the company at $800 billion, double its valuation over the summer. Musk, who also leads artificial intelligence startup xAI, has repeatedly talked about the idea of building data centers in space in recent months. SpaceX expects to use some of its IPO proceeds to fund data centers in space, according to the Bloomberg report. | | | | OpenAI said Tuesday it had hired former Slack CEO Denise Dresser as the company's new chief revenue officer. Dresser will focus on OpenAI's revenue strategy, which includes increasing revenue from business customers around the world. Dresser will report to OpenAI chief operating officer Brad Lightcap. OpenAI sells businesses access to its chatbot through its ChatGPT for Work subscription plans and to its AI models through an application programming interface. OpenAI has more than one million business customers, including Walmart, Target and Morgan Stanley. Dresser had spent more than a decade at Salesforce and became the CEO of its Slack productivity app in 2023. Prior to Salesforce, Dresser was a sales executive at Oracle. | | | | Nvidia has developed a new software feature with a location verification technology that could indicate which country its chips are operating in, Reuters reported. The feature, which hasn't been released yet, could make it possible for Nvidia to crack down on the smuggling of its artificial intelligence chips into China, according to Reuters. U.S. export controls prohibit the export of Nvidia's advanced AI chips to China. Nvidia's new software feature will first become available on its most advanced Blackwell chips, according to Reuters. Nvidia built the software feature for the purpose of allowing customers to track a chip's computing performance, but it can give a sense of the chip's location based on the time delay in communicating with Nvidia's servers, according to Reuters. Despite the U.S. export controls, smuggling of Nvidia chips into China has become an organized, multinational enterprise, as The Information reported last year. Cracking down on such activities isn't easy, given that most of Nvidia's chips are manufactured in Taiwan and sold through a complicated network of distributors and resellers around the world. | | | | Amazon said Wednesday that it plans to invest more than $35 billion in India by 2030, as the tech giant looks to further expand its e-commerce and cloud computing businesses in one of its largest markets outside the U.S. Amazon's new investment plan underscores India's importance to global tech giants not only as a potentially huge market for their products but also as a major hub for AI infrastructure such as data centers. On Tuesday, Microsoft said it would invest $17.5 billion in India through 2029. In October, Google said it would spend $15 billion to build new AI data centers in India. Amazon, which has been operating in India for more than a decade, said it has already invested a total of nearly $40 billion in the country so far. The company said its new $35 billion investment over the next five years will create 1 million jobs in India and quadruple e-commerce exports from India to $80 billion by 2030. | | | | Brookfield, one of largest real estate investors, and Qatar's more than $500 billion sovereign wealth fund will jointly invest $20 billion to build physical infrastructure for AI in the Gulf nation and abroad, they said Tuesday. The Qatar venture follows similar moves by Saudi Arabia and the United Arab Emirates to build AI data centers and promote regional adoption. The Qatar Investment Authority has started a new company, Qai, to oversee its AI activities. Brookfield will invest in the joint venture through the Brookfield Artificial Intelligence Infrastructure Fund it formed last month. The firm has said it plans to acquire up to $100 billion in energy, land, data center and computing assets used to power artificial intelligence. | | | | Marketing software firm Klaviyo said Tuesday that software executive Chano Fernández will become its co-CEO in January. Fernández will share the top job with cofounder Andrew Bialecki, who has been Klaviyo's CEO since founding the company in 2012. Klaviyo shares were down nearly 5% Tuesday afternoon. Bialecki will oversee Klaviyo's AI initiatives, the company said, while Fernández will lead the company's marketing and sales efforts. Fernández was previously an executive at SAP and the co-CEO of Workday. He has been a board member at Klaviyo since mid-2023 and the company's interim COO since September, according to his Linkedin profile. Klaviyo has been looking to branch out from its core business of marketing for e-commerce companies and incorporate more AI into its products and operations. In late August, it restructured its R&D organization to add more AI-focused staffers. Earlier this year, it expanded to add new customer service features for e-commerce merchants. | | | | Tech analyst Patrick Moorhead cautioned that President Donald Trump's approval of Nvidia's sale of H200 chips to China isn't a "done deal" until Nvidia starts shipping the chips and gets revenue for them. "I don't know if I take this as reality yet," Moorhead said in an interview on The Information's TITV on Tuesday. "We've seen …a lot of posturing, a lot of negotiation" over Nvidia's ability to sell its advanced AI chips to China. Among the big questions is whether the Chinese government will allow local companies to buy Nvidia's advanced chips. Also, while the Trump administration said over the summer that Nvidia could sell its H20 chips to China, Nvidia held off, waiting for the government to publish a "regulation codifying such requirement." As of last month, Nvidia was still waiting. | | | | | Popular articles
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