John Ruich
👤 SpeakerAppearances Over Time
Podcast Appearances
Attorney's Office for the Southern District of New York says Supermicro co-founder Willie Liao and a company contractor were arrested.
A third person is still at large.
The indictment says they conspired to violate U.S.
The government bans the sale to China of certain cutting-edge microchips used in artificial intelligence.
The Department of Justice says the three people and co-conspirators used brokers and a company in Southeast Asia to ship banned U.S.
The Southeast Asian company bought $2.5 billion worth of servers containing the chips between 2024 and 2025.
The company says in a statement it was not named as a defendant and the conduct of the individuals alleged in the indictment violates company policies and compliance rules.
The investments include $30 billion from the chipmaker NVIDIA, another $30 billion from the Japanese investment company SoftBank, and $50 billion from Amazon.
OpenAI says in a statement the partnerships expand its global reach, deepen its infrastructure, and strengthen its balance sheet.
Concerns about disruption from AI and the profitability of AI companies have rattled stock markets in recent weeks.
Tech companies have hauled in hundreds of billions of dollars to develop AI, but some critics say the return on investment is unclear.
OpenAI says bigger is better, and the leader in AI will have scale that requires money and customers.
It says ChatGPT already has more than 900 million weekly users.
and over 50 million subscribers.
OpenAI, the maker of ChatGPT, had an ad about its computer coding assistant.