AI Daily: Nvidia says losing China AI market would be ‘tremendous loss’

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

CHINA AI MARKET: Nvidia (NVDA) CEO Jensen Huang said in an interview on Tuesday that it would be a “tremendous loss” to be blocked from China’s AI market, CNBC’s Ashley Capoot reports. The Trump administration restricted the shipment of Nvidia’s H20 chips to China without a license last month, leading to a $5.5B quarterly charge. “Let us get the American AI out in front of everybody right now,” Huang said at ServiceNow’s Knowledge 2025 conference in Las Vegas.

TIME TO BUY ALPHABET: Shares of Alphabet (GOOGL) were under pressure on Wednesday after an Apple (AAPL) executive said the iPhone maker was exploring adding AI search to its Safari browser. In comments made during Google’s antitrust trial, Eddy Cue said searches in Apple’s browser fell for the first time in April and that Perplexity and Anthropic could be AI search partner options. Google has since semiconductor trade restrictions, reported Bloomberg. The repeal seeks to refashion a policy launched under President Joe Biden that created three broad tiers of countries for regulating the export of chips from Nvidia and others, says the report which notes that the Trump administration will not enforce the so-called “AI diffusion rule” when it takes effect on May 15 and instead plans to develop a new rule that would strengthen the control of chips abroad.

NEW CEO OF APPLICATIONS: Instacart (CART) CEO Fidji Simo is joining Microsoft (MSFT)-backed OpenAI as CEO of Applications, OpenAI CEO Sam Altman said in a blog post. “Applications brings together a group of existing business and operational teams responsible for how our research reaches and benefits the world, and Fidji is uniquely qualified to lead this group. Serving as an OpenAI board member over the past year, Fidji has already contributed a great deal to our company. She will transition from her role at Instacart over the next few months and join OpenAI later this year,” Altman wrote. He added that “I remain the CEO of OpenAI and will continue to directly oversee success across all pillars of OpenAI – Research, Compute, and Applications – ensuring we stay aligned and integrated across all areas. I will work closely with our board on making sure our non-profit has maximum positive impact.”

NEW CHIPS FOR GLASSES, AI SERVES: Apple’s (AAPL) silicon design group is working on new chips for future devices, including its first smart glasses, more powerful Macs and artificial intelligence servers, people with knowledge of the matter told Bloomberg‘s Mark Gurman. The company has made progress on the chip that it’s developing for smart glasses as Apple is ramping up work on such a device to compete with the popular Ray-Ban spectacles offered by Meta Platforms (META), the report noted.