China Urges Local Firms to Avoid Nvidia H20 Chips
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 12 August 2025
⏱️ 51 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde and Ed Ludlow discuss reports that China is urging its domestic companies to avoid using Nvidia H20 chips. Plus, Elon Musk accuses Apple of favoring OpenAI above other AI companies in its app store, even threatening possible legal action. And Circle CEO Jeremy Allaire discusses plans for new products as shares of the company soar following its earnings report.
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| 1:00.4 | Bloomberg Audio Studios, Podcasts Radio News. |
| 1:12.5 | Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco. |
| 1:23.3 | This is Bloomberg Tech coming up Beijing urges local companies to avoid using Nvidia's H20 processors. |
| 1:31.1 | Plus, Elon Musk accuses Apple of favouring Open AI above other AI companies in its app store. |
| 1:38.2 | And stable coin issuer circles revenue jumped 53% just two months after a splashy public debut. We'll discuss with the CEO. |
| 1:46.4 | At first, we'll return to the public markets, not just circle, but the broader indices. |
| 1:50.6 | They're at record highs. The NASDAQ 100, the NASDAQ, the SNP 500, were up 610%. |
| 1:55.5 | It's been volatile trade as we digest the CPI number. All importantly, consumer price inflation coming in where the market anticipated. |
| 2:03.2 | It looks as though the market thinks still the Fed has room to cut, Ed. |
| 2:06.2 | But you are looking once again at the semiconductor story. |
| 2:10.3 | Yeah, Nvidia and AMD are off-session lows. |
| 2:13.1 | What happened this morning was the information reported that China's internet regulator had demanded |
| 2:20.4 | that specific companies, including Alibaba and Tencent, cancel orders for H20. There's a lot to unpack |
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