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Nvidia Resumes GPU Sales in China; SpaceX Backs xAI with $2B

Nvidia is set to resume sales of its H20 GPU chips in China, with a new compliant model designed specifically for artificial intelligence applications. This move, pending approval from the United States government, comes alongside the introduction of the RTX Pro GPU, which targets industries such as logistics and smart manufacturing. In a recent meeting, CEO Jensen Huang engaged with officials from both the U.S. and China, focusing on enhancing cooperation in AI technologies. This initiative signals Nvidia’s commitment to adapting to the evolving global regulatory environment following previous export restrictions.

SpaceX has announced a significant investment of $2 billion in xAI, marking the company’s first major external funding. This financial commitment represents nearly half of xAI’s recent $5 billion equity raise. The funds will be directed towards the implementation of Grok AI across Elon Musk‘s various enterprises, including Starlink, Tesla, and the social media platform X. The merger of xAI and X positions Musk’s technology ecosystem as a formidable player in the AI landscape, bolstering its capabilities in the rapidly advancing field.

Meanwhile, the Indian IT sector is experiencing a notable decline in entry-level job opportunities. This downturn is largely attributed to the rise of AI automation and a mismatch between the education system and industry demands. Major companies such as Wipro and Infosys have scaled back their recruitment of fresh graduates, while Global Capability Centers are increasingly seeking candidates with specialized skills. As a result, many engineering graduates find themselves facing unemployment, though there is optimism for growth in AI-related roles if educational curricula are updated to meet current industry needs.

In the realm of AI advancements, users of the Gemini Pro and Ultra models can now create eight-second AI videos from still images using the Veo 3 model. This feature, available on both PC and mobile, requires users to upload a photo and provide detailed prompts regarding motion, setting, camera angle, and sound. Each generated video is watermarked with SynthID to ensure transparency, transforming storytelling into a more dynamic, cinematic experience that appeals to subscribers.

Lastly, a new contrarian AI model has identified three meme coins—Fartcoin, Bonk, and Popcat—as potential breakout candidates for late 2025. Each coin showcases unique fundamentals often overlooked by mainstream investors, including community-oriented governance and transparent tokenomics. While inherently speculative, these tokens demonstrate on-chain traction and asymmetric prospects, representing high-risk, high-reward opportunities in a market often driven by hype.

With these developments, the tech industry continues to evolve, highlighting the intersection of innovation, investment, and market dynamics.

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