Xi Jinping with Donald Trump.
Image: CGTN
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From boardroom shakeups and billion-dollar bets to the latest tech breakthroughs rewriting the rules, The Company Brief is your front-row seat to the stories moving markets and mindsets.
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Trump says China, other countries can't have Nvidia's top AI chips
Artificial intelligence giant Nvidia's most advanced chips will be reserved for U.S. companies and kept out of China and other countries, U.S. President Donald Trump said. During a taped interview that aired on Sunday on CBS' "60 Minutes" program and in comments to reporters aboard Air Force One, Trump said only U.S. customers should have access to the top-end Blackwell chips offered by Nvidia, the world's most valuable company by market capitalisation. "The most advanced, we will not let anybody have them other than the United States," he told CBS, echoing remarks made earlier to reporters as he returned to Washington from a weekend in Florida. "We don't give (the Blackwell) chip to other people," he said during the flight.
China's Xi pushes for global AI body
Chinese President Xi Jinping took centre stage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation. The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, while the United States has rejected efforts to regulate AI in international bodies. Xi said a World Artificial Intelligence Cooperation Organisation could set governance rules and boost cooperation, making AI a "public good for the international community".In remarks published by the official news agency Xinhua, Xi added, "Artificial intelligence is of great significance for future development and should be made for the benefit of people in all countries and regions."
South Africa Launches New Era of Small-Harbour Development
South Africa has begun the first phase of its long-awaited small-harbour development programme, the country’s first new harbour initiative in decades. Led by Deputy Public Works and Infrastructure Minister Sihle Zikalala, the project aims to expand economic activity along the nation’s coastline beyond the Western Cape, targeting new sites in the Eastern Cape, KwaZulu-Natal, and Northern Cape. Building on earlier refurbishments of 13 existing harbours, which generated over R116 million in small-business contracts, this next phase focuses on creating entirely new facilities to drive local jobs, tourism, aquaculture, and marine logistics. Feasibility studies for new harbours, including Port Alfred, Port Nolloth, and Port Edward, are due by March 2025. The initiative aligns with South Africa’s broader R3 trillion infrastructure pipeline and seeks to correct historical imbalances in coastal development. By opening new access to maritime trade and services, the government hopes to attract private investment and boost coastal economies that have long been overlooked.