Nvidia is famed for manufacturing high-powered chips for gaming, data centers, and AI. However, US authorities have recently stopped Nvidia from selling certain chips to China, one of its biggest markets. This is expected to cost Nvidia as much as $5.5 billion in sales. This is a serious setback for the company, and indeed, demand for AI and gaming products from China has been huge. This is all amid a growing rift between the US and China regarding national security and technology control. Consequently, Nvidia's possible future growth in AI might be hampered. 🚀 2. Elon Musk's xAI Wants to Raise $20 Billion Musk xAI is in pursuit of $20 billion in investor funding as it aims to spur development. Musk recently purchased Twitter (now called "X") for $33 billion and is looking to integrate the social media platform with his AI pursuits. His aim is to compete with some of the larger names in the AI sector like Google and OpenAI. Musk's vision is to embed r...