☕️ US allows chip software sales to China again

Hi there, this is your daily ☕️ Techpresso.

In today's Techpresso:

🇨🇳 US allows chip software sales to China again

⚠️ Racist AI videos are spreading on TikTok

🤝 OpenAI signs a $30bn cloud deal with Oracle

🤖 Ford CEO predicts AI will cut half of white-collar jobs

🚫 OpenAI says it has not partnered with Robinhood

🎁 + 20 other news you might like

🔮 + 1 handpicked research papers and tools

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• The U.S. government revoked export curbs, allowing companies like Synopsys and Cadence to resume selling electronic design automation (EDA) products to Chinese customers immediately.
• This reversal is part of a deal giving the U.S. easier access to rare earth materials, while China can now buy crucial American chip design software.
• It remains unclear if all EDA software restrictions are gone, and US firms now worry Chinese companies might pursue local alternatives to avoid any future disruptions.

• Numerous TikTok accounts are posting short, AI-generated clips that use racist and antisemitic tropes to target Black people, immigrants, and Jewish individuals with stereotypes.
• A "Veo" watermark on the eight-second content confirms it originates from Google's Veo 3 model, which appears to have more compliant guardrails than previous systems.
• Despite TikTok's terms of service banning hate speech, these hateful creations are spreading unchecked on the platform, gaining comments that echo the harmful caricatures shown.

• OpenAI signed a deal with Oracle for 4.5GW of computing power, an agreement valued at approximately $30 billion annually to develop its advanced AI models.
• The transaction expands OpenAI's 'Stargate' initiative, requiring Oracle to build US data centres with capacity equal to a quarter of the nation's current operational supply.
• Oracle plans to purchase 400,000 of Nvidia’s GB200 chips for around $40 billion to power a new 1.2GW Stargate facility in Abilene, Texas.

• Ford CEO Jim Farley said he believes half of all white-collar workers in the U.S. could lose their jobs to artificial intelligence in the coming years.
• Other leaders from companies like Anthropic and JPMorgan Chase share this concern, with some firms already using AI agents to replace human resources staff.
• In contrast, executives at Nvidia and OpenAI claim there is little evidence for this, arguing that AI will mainly just make existing employees more efficient.

• OpenAI stated it did not partner with Robinhood for its sale of 'OpenAI tokens' and that the tokens do not represent equity in the company.
• Robinhood explained the product offers indirect exposure through its ownership stake in a special purpose vehicle (SPV) which holds the actual OpenAI shares.
• The AI company warned that any transfer of its equity requires approval, which it did not provide for this token sale in the European Union.

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