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US Commerce Department Closes Loophole Letting Chinese AI Firms Acquire Advanced Chips Through Overseas Subsidiaries

US Commerce Department Closes Loophole Letting Chinese AI Firms Acquire Advanced Chips Through Overseas Subsidiaries

Jun 02, 2026
TNW | Nvidia

The US Commerce Department closes a major loophole that allowed Chinese AI firms to secretly acquire advanced Nvidia and AMD chips through overseas subsidiaries, tying export restrictions to a company's headquarters nationality rather than physical location — though hundreds of thousands of chips may have already slipped through during a …

Dell Stock Surges 32% in Best Day Ever as AI Server Revenue Explodes 757% and Pentagon Contract Fuels Record Growth

Dell Stock Surges 32% in Best Day Ever as AI Server Revenue Explodes 757% and Pentagon Contract Fuels Record Growth

Jun 01, 2026
CNBC

Dell Technologies stock skyrockets 32.76% in its best single-day performance ever after AI server revenue explodes 757% year over year to $16.1 billion, quarterly revenue surges nearly 88%, earnings crush expectations, and a $9.7 billion Pentagon contract — with President Trump publicly urging Americans to buy Dell shares — fuels …

Nvidia Launches Cosmos 3: Open-Source AI Model Trained on 20 Trillion Tokens Targets Robotics and Physical AI

Nvidia Launches Cosmos 3: Open-Source AI Model Trained on 20 Trillion Tokens Targets Robotics and Physical AI

Jun 01, 2026
The Deep View

Nvidia unveils Cosmos 3 at GTC Taipei, a fully open-source omnimodal AI model trained on 20 trillion tokens, 1 billion images, and 400 million videos, designed to advance robotics and physical AI through a new mixture-of-transformers architecture capable of reasoning and generating across text, video, images, sound, and action.

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