BUSINESS

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Nvidia Corporation announced today its intention to restart sales of its H20 general processing units (GPUs) to clients in China, marking a significant turnaround from previous export restrictions imposed by the United States. The company, in a press release, indicated that it is in the process of securing necessary licenses from the US government to facilitate these shipments.

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Tesla shares took a sharp dive Monday, closing down 7.29% at $292.38, as investors reacted to CEO Elon Musk's weekend announcement of a new political party. The decline marks Tesla's worst single-day performance since early June, reigniting long-standing concerns about Musk's distractions from the core business.

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Elon Musk has announced that Tesla shareholders will have the option to invest in his artificial intelligence startup, xAI. Responding to a suggestion on X, the social media platform he recently acquired through xAI, Musk said that while he personally favors Tesla investing in xAI, the decision will be put to a shareholder vote. "If it was up to me, Tesla would have invested in xAI long ago," Musk stated.

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Apple is appealing a $586 million fine imposed by EU regulators for alleged anti-competitive practices on its App Store. The European Commission ruled in April that Apple violated its laws by limiting app developers' ability to inform users about alternative offers and marketplaces outside of Apple's own ecosystem.

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Google stunned observers on Friday by securing Windsurf chief executive Varun Mohan and key engineers in a $2.4 billion licensing‑and‑hiring pact, a maneuver analysts call the biggest "acquihire" since Microsoft's Inflection deal last year.

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Elon Musk's venture into artificial intelligence has reached a new pinnacle, with xAI securing a monumental $10 billion in combined debt and equity funding. This strategic move, led by Morgan Stanley, positions xAI at the forefront of the AI race, intensifying competition against rivals like OpenAI and Anthropic.

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In a significant development in the tech industry, the U.S. Department of Justice (DOJ), a committee has reached a settlement regarding Hewlett Packard Enterprise's (HPE) acquisition of Juniper Networks, which has been set for a staggering $14 billion. This settlement, disclosed in recent court filings, mandates key concessions from the merging companies to address antitrust concerns.