China is changing its approach to AI amid a slowdown and debt crisis in its real estate sector — which has accounted for nearly a quarter of the country’s economic output

Rumours on multi-platform social media channels also claimed about 20,000 football fields it owns would be taken back by Beijing, the iPhone supplier alleged

In attendance at the summit will be Goldman Sachs Chief Executive David Solomon, Morgan Stanley boss James Gorman and Citigroup's Jane Fraser, among others

The three, along with 26 other other signatories signed the "Bletchley Declaration" at the AI Safety Summit in Britain on Wednesday

Andrew Ng, one of the founders of Google Brain and a Stanford University professor, warns that Big Tech companies are keen to trigger heavy regulation to reduce competition in the AI sector

Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November

The Southeast Asian nation already does chip packaging and testing for US giant Intel, but wants to build its first fab for basic chips in coming years

In a filing to the SEC, Nvidia noted five chips that will be impacted as the rules go into effect: the A100, A800, H100, H800, and L40S

ASML detailed the chip technology theft, which happened in 2022, in part of its annual report in February this year

Analysts say the US move last week to expand its export controls may allow the Chinese tech giant to fill the void created by the ban on Nvidia's popular artificial intelligence chips

Officials have inspected Foxconn sites in four provinces, while state media says founder Terry Gou has 'responsibilities' and should be pushing for peace with Beijing as he runs for president in Taiwan

Both gallium and germanium are key to chipmaking, and Chinese exporters of the metals now need to obtain an export licence for dual-use items and technologies