Gary Gensler said it was 'nearly unavoidable’ that the next financial crash would be sparked by an AI model being used somewhere in the banking system

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

The ChatGPT maker, Japanese tech backer and iPhone designer are reportedly discussing an artificial intelligence consumer device

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

Two sources said briefings were expected on Monday, with the announcement on Tuesday, while a former official said the US should be prepared for retaliation by Beijing

Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks

The Japanese conglomerate, whose tech portfolio has slumped in value due to an array of troubled investments, passed the psychological level of 6,000 yen on Friday

"The process of diversifying in different geographies is an excellent strategy by TSMC and so TSMC is now part of Nvidia's diversity and redundancy strategy," chief Jensen Huang said