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China Rejects Nvidia H200 Chips: A Strategic Move in the AI Cold War
China has rejected Nvidia’s H200 AI chips, authorized for export by President Trump, as a bold move toward technological independence. This decision, rooted in the U.S.-China trade war, signals a deepening AI cold war and a shift toward domestic innovation.
BOJ’s Ueda Pledges Increased JGB Purchases to Stabilize Rising Yields
The Bank of Japan (BOJ), led by Governor Kazuo Ueda, pledged to boost JGB purchases to stabilize long-term rates after the 10-year yield hit 1.917%—a 30-year high—amid speculation of a December rate hike to 0.75%. This follows the end of ultra-loose policy in 2024 and a January 2025 rate rise to 0.5%. The yen strengthened slightly, but challenges like inflation and fiscal expansion persist. The December 18–19 meeting will be key.
xAI Launches Grok 4.1: A More Intelligent, Emotional, and Reliable AI Model
xAI has officially released Grok 4.1, bringing notable upgrades in accuracy, conversational flow, emotional understanding, and performance benchmarks. The new model is now available across grok.com, mobile apps, and X.