Thursday, May 29, 2025

At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal:
At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty  —  The company has been diversifying its businesses, growing its footprint in areas like AI servers and electric vehicles



Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is "only going to help the American dollar", and more (Alex Rogers/Financial Times)

Alex Rogers / Financial Times:
Inside Las Vegas' Bitcoin Conference: Eric and Donald Trump Jr gave speeches, JD Vance said bitcoin is “only going to help the American dollar”, and more  —  The US president is a crypto booster — and the faithful went to America's gambling capital to celebrate



Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become "quite formidable" (Bloomberg)

Bloomberg:
Nvidia CEO Jensen Huang says Chinese AI rivals are filling the void left by US companies leaving China and Huawei has become “quite formidable”  —  Nvidia Corp. Chief Executive Officer Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies …



Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions (Ana Swanson/New York Times)

Ana Swanson / New York Times:
Sources: the Trump administration suspends sales of more US tech, including chips and jet engines, in response to China's critical mineral export restrictions  —  President Trump has stopped some critical products and technologies made only in the United States from flowing to China …



Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry anti-US views are taking root worldwide (New York Times)

New York Times : Sources: the US State Department ordered embassies to push back against foreign influence campaigns, as officials worry ...