CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Nvidia's win over China users and America's AI control strategy.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

Nvidia has announced it expects to resume selling chips in China, following the granting of licenses for its H20 chip. While the H20 is slower than some alternatives, such as Huawei's Ascend, Chinese AI developers continue to rely on Nvidia's CUDA software, which acts as a key platform for AI model training and development. 

US policy has shifted from imposing outright bans to a strategy of controlled diffusion, aiming to keep American technology standards entrenched globally, including in rival markets like China. This approach allows Nvidia to maintain relevance in China while preventing competitors like Huawei from gaining a captive market. Wall Street has responded positively to the news, viewing it as a revenue rebound for Nvidia.

Nvidia set to resume China chip sales

Nvidia rising today as the chip maker says it expects to be able to sell in China again But can it pull ahead of rivals in that country our dear Dubose is watching that in today's tech check morning D Hey, good morning Carl. So Wall Street. It's busy calculating the revenue rebound. But here is the bigger picture This isn't just about selling chips again. It's about keeping China inside Nvidia software ecosystem now the h20 chip It is actually slower than many of the alternatives on the market including Huawei's ascend But China's AI developers, they're still building on Nvidia's CUDA That is the software layer that tells the chips what to do and how to train the AI models So it's like an operating system for AI Development that everyone from Alibaba to deep-seek build on and that is the real lock-in had Washington fully blocked Nvidia From selling even downgraded chips like the h20. It would not have stopped Chinese AI It would have just accelerated Huawei's push to build a homegrown alternative Something David Sachs was talking about earlier on in the hour now Huawei is already reportedly redesigning its next AI chip to make it easier for developers to switch off CUDA The goal is to win over Chinese companies that still rely on Nvidia software Even when they can't easily buy the software So a full band could have handed Huawei the opening that it needed a captive market with no choice But to build around its own chips and its own ecosystem Necessity is the mother of invention that phrase that our audience has heard often this year when it comes to the race between The u.s. And China and AI so now with h20 licenses granted Nvidia gets to keep selling just enough to stay relevant Keep CUDA locked in as the default an argument that Jensen Huang certainly leaned on in his discussions with President Trump And this tracks a bigger shift as well guys a strategic shift that we've seen emerging from this Administration and that is a move away from hard bans toward a policy of control diffusion the idea that if you block AI access Entirely it forces adversaries like Huawei to build Independently, so instead the goal is to keep American technology and American standards entrenched globally even in rival markets And again, that is another thing that David Sachs told you guys earlier that is key to winning the AI race Jensen Huang hit on those points that has been a successful playbook so far in this administration Well, no question Wall Street's happy about it I do wonder though what if there are security implications of it from some of the experts there, but that's another story Thank You Deirdre Deirdre Bosa

Russia's Vladimir Putin has rejected President Trump's ultimatum for Moscow to sign a ceasefire deal with Ukraine in the next 50 days. Trump has threatened to issue a 100% tariff on any country that does business with Russia if no ceasefire deal is reached.

Moscow

Ukraine Invasion

Russia rejects Trump's ultimatum for ceasefire in Ukraine

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As Suwayda

Fighting erupts in Syria’s As Suwayda hours after ceasefire deal

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Atlanta

Unreleased Beyoncé music stolen from choreographer’s rental car

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Washington

Anger at House committee hearing on antisemitism in college campuses

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New Delhi

India orders airlines to inspect Boeing airplane models after crash

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Jerusalem

Middle East Conflict

Critics slam Israeli scheme to move Gazans to 'humanitarian city'

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New Jersey

Two killed in New Jersey flash flooding

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Doha

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Syrian forces enter Sweida city following deadly clashes

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New York

Flash flooding pummels NYC and slams subway lines

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Global Tariffs

Trump gives Moscow 50-day ultimatum over Ukraine war

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Sicily

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Beijing

Australia's Albanese pushes Aussie exports in China visit

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Cape Canaveral

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Hundreds of Palestinians on Sunday (July 13) mourned two men who were killed in overnight clashes by settlers in the West Bank. One of the deceased is 20-year-old Sayafollah Musallet, a U.S. citizen.

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Kerrville

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Two women were killed and two people were injured in a church shooting in Lexington, Kentucky, after the suspect initially shot a state trooper, police said. CBS News correspondent Nicole Valdes has the latest.

Lexington

Two women killed in Kentucky church shooting

The European Union said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement, after U.S. President Donald Trump ratcheted up his trade war on the bloc.

Brussels

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Butler

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Ahmedabad

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Tehran

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Australia will not commit troops in advance to any conflict, Defence Industry Minister Pat Conroy said on Sunday (July 13), responding to a report that the Pentagon has pressed its ally to clarify what role it would play if the U.S. and China went to war over Taiwan.

Council of the City of Sydney

Australia to 'support status quo' on Taiwan amid U.S. defense push

The Pentagon is urging Japan and Australia to clarify what role they would play if the U.S. and China went to war over Taiwan, the Financial Times is reporting. According to the newspaper, the reported request caught Japan and Australia 'off-guard'.

Nvidia set to resume China chip sales

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Rise of AI