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3 men are charged with conspiring to smuggle US artificial intelligence to China [Yahoo! Finance Canada]
Last nvidia corporation earnings: 2/13 04:20 pm
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to smuggle billions of dollars of computer servers containing advanced Nvidia chips to China. The men violated U.S. export controls laws by scheming to divert massive quantities of the high-performance servers assembled in the United States to China between 2024 and 2025, according to the indictment in Manhattan federal court. In a release, FBI Assistant Director in Charge James C. Barnacle Jr. said the defendants used fabricated documents, staged bogus equipment to pass audit inventories and utilized a pass-through company to conceal their misconduct and true clientele list. U.S. Attorney Jay Clayton said schemes such as this “pose a direct threat to U.S. national security.” Nvidia's processors have emerged as indispensable building blocks for the data centers that power artificial intelligence — a potentially game-changing technology that could reshape society and change the balance of power in the world. For that reason, the U.S. and China are dueling to gain the upper hand
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