garymarcus.substack.com

AIAI-generated summary Nvidia chief Jensen Huang defended China's right to buy chips in a series of recent interviews. The author writes that these remarks regarding Nvidia chips will ultimately damage Jensen Huang.

AIAI-generated summary Nvidia Corp. is increasing the monitoring of artificial intelligence accelerators sold in Southeast Asia to combat semiconductor smuggling. The chipmaker now requires regional customers to use its fleet intelligence system to track hardware locations in order to become official Nvidia Cloud Partners.

AIAI-generated summary Gary Marcus reports that the market was mixed following a previous post, with chipmakers and neocloud companies such as CoreWeave facing heavy losses while large firms like Amazon, Apple, and Google received a bounce. The author notes that theories suggested investors rotated toward larger tech companies to weather cash crunches or because hyperscalers might reduce CapEx expenditures following public resistance to data centers.

AIAI-generated summary Anthropic filed for its initial public offering on Oct. 26 without setting a price range or stating the size and valuation of its listing. Media reports indicate that a major tech stock selloff on Thursday could impact the timing and valuation of the planned offering.

AIAI-generated summary The Nasdaq-100 index has rolled out its third correction of the year after dropping 10.4% from its recent peak. Interactive Brokers chief strategist Steve Sosnick says investors are questioning previous assumptions regarding artificial intelligence.