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WSJ Tech News Briefing

TNB Tech Minute: Nvidia CEO Calls Controls on AI Chip Exports a ‘Failure’

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 21 May 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: An outage on the Bloomberg terminal that disrupted some government-bond trading has been resolved. And, a planned OpenAI data center gets a fresh injection of funding. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

The McSpicey, Frank's Red Hot is back.

0:02.3

It's the McSpicey, but hotter.

0:04.4

With 100% chicken breast fillet,

0:06.0

melted cheese, fiery jalapinos,

0:07.8

and the irresistible Franks Red Hot Mayo.

0:11.1

Danger, danger.

0:11.3

Make it hot.

0:15.2

Available until the 17th of June.

0:16.8

Serve from 11am.

0:17.8

Participating restaurants only.

0:19.0

Subject to availability.

0:21.6

Here's your TNV Tech Minute for Wednesday, May 21st. I'm Victoria Craig for the Wall Street Journal.

0:27.3

The CEO of American chip giant Nvidia called U.S. export controls on advanced chips to China a failure.

0:34.8

Speaking at an industry conference in Taipei today, Jensen Wong said the export limits have been a catalyst for Chinese companies to push ahead with the development of their own artificial intelligence technologies. The controls were introduced by the Biden administration, but Wong praised the Trump administration for reversing one of the plans that would have capped the number of

0:54.7

U.S-made AI chips sold around the world. Elsewhere, Bloomberg says a two-hour outage of its

1:01.1

financial data terminals has been resolved. The terminals, which cost tens of thousands of dollars a

1:06.6

year, are widely used by traders to access live prices, data, and news to inform their investment

1:12.5

decisions. The outage disrupted trading and some offerings of government bonds. Bloomberg attributed

1:18.5

the glitch to an internal problem and is still trying to find the root cause, according to a

1:23.2

person familiar with the matter. And finally, the Journal exclusively reports that a Texas data center under construction

1:29.7

for Open AI has secured more than $11 billion in new funding commitments.

1:35.0

That allows an expansion of the site from two buildings to eight, which is crucial to

...

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