🐯 Nvidia’s Huang says Blackwell demand is still roaring
Nvidia’s Jensen Huang told reporters in Taiwan that demand for the company’s next-gen Blackwell chips remains strong-even as markets wobble. The remark came during a stop in Hsinchu, underscoring how supply chains in Asia remain central to AI compute. No surprise there, but still… notable.
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🏛️ EU leak points to softer AI Act - at least for now
A leaked Commission draft hints at easing parts of the AI Act, including a one-year grace period on penalties and carve-outs for limited high-risk uses-weirdly pragmatic.
Labeling rules for AI-generated content would also phase in more slowly; the deepfake fight gets, well, incremental. Industry pressure clearly left a thumbprint.
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🏗️ OpenAI asked DC to widen Chips Act tax credits to data centers
A newly surfaced letter shows OpenAI pushed the Trump administration to expand Chips Act credits so massive AI data centers could qualify-big capex needs, bigger asks.
It tracks with the broader sprint to lock in cheaper power and compute. Everyone wants a bigger slice of the silicon pie, or at least a discount on the oven.
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📉 Is Wall Street cooling on AI hype? Sort of
TechCrunch flags a rough week for tech-the Nasdaq slid and the AI trade looked tired. Sentiment is a fickle cat, and this one just darted under the sofa.
Caveat: one week isn’t a thesis, but it does test the “up only” narrative around AI-heavy names. Expectations, meet gravity.
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🕳️ Fortune calls it an AI ‘hidden recession’
Fewer jobs, cultural pushback, governance angst-the piece argues AI’s gains hide a labor chill that’s easy to overlook when charts go up. Uncomfortable, but plausible.
The throughline is power dynamics: whose productivity, whose savings, and who foots the bill for transition pain… or so it seems.
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🏦 Subprime worries flare around AI lender Pagaya
Bloomberg’s newsletter spotlights how Pagaya leans on a closely held AI model to screen subprime borrowers, and why investors are twitchy about that opacity.
It’s the old credit-cycle story wearing a shiny AI hat-great until it isn’t, then everyone asks to see the model’s homework.
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