Nvidia has voiced strong opposition to a reported plan by the Biden administration to impose new restrictions on the export of AI chips, urging the outgoing president to avoid making a decision that could impact the incoming Trump administration. The company warned that such measures would harm the US economy, hinder innovation, and benefit adversaries like China. Nvidia’s Vice President, Ned Finkle, called the policy a “last-minute” move that would leave a legacy of criticism from both US industry and the global community.
The proposed restrictions, as reported by Bloomberg, aim to limit AI chip exports to certain countries, particularly targeting China to prevent the enhancement of its military capabilities. While some nations would face outright bans, the rules would also cap the computing power that can be exported to others. The Biden administration has yet to confirm the details, and requests for comment from the White House and the Commerce Department went unanswered.
Industry groups, including the Information Technology Industry Council, which represents major tech firms like Amazon, Microsoft, and Meta, have expressed concern about the policy. They argue that it would impose arbitrary limitations on US companies’ global competitiveness and risk ceding market leadership to foreign rivals. Nvidia warned that these restrictions could push international markets toward alternative technologies, undermining the US technology sector.
President-elect Donald Trump, who begins his second term on January 20, previously enacted technology export restrictions to China during his first term, citing national security concerns. Nvidia’s statement reflects apprehension about the continuity of US policy on AI chip exports under the new administration.
San Francisco-based startup Based Hardware has unveiled Omi, a wearable AI assistant designed to improve productivity. Launched at the Consumer Electronic Show, the device responds to voice commands when worn as a necklace or can attach to the side of the head using medical tape, activating through a unique “brain interface.”
Unlike other AI gadgets that aim to replace smartphones, Omi is meant to complement existing devices. It can answer questions, summarise conversations, and manage tasks like to-do lists and meeting schedules. The startup’s founder, Nik Shevchenko, claims that Omi’s brain interface allows users to interact without saying a wake word by recognising mental focus. However, this feature has yet to be widely tested.
Based Hardware built Omi on an open-source platform to address privacy concerns. Users can store data locally and even develop their own apps for the device. Priced at $89, the consumer version will ship later in 2025, while a developer version is already available.
Omi enters a growing market of AI gadgets that have struggled to meet expectations. Shevchenko hopes Omi’s focus on practical productivity tools will set it apart, but the device’s success will likely depend on whether users embrace its experimental brain interface feature.
Meta is set to trial a new feature allowing users in Germany, France, and the United States to browse eBay listings directly on Facebook Marketplace. Transactions will still be completed on eBay’s platform, but the integration aims to provide Facebook users with a wider selection of products while giving eBay sellers greater exposure.
The move follows a hefty $840 million fine imposed by the European Commission in November over alleged anticompetitive practices related to Facebook Marketplace. While Meta continues to appeal the decision, it says it is working to address regulators’ concerns. The European Commission has yet to comment on the latest development.
Meta’s partnership with eBay reflects broader efforts by tech companies to expand online marketplaces and enhance user experience. The initiative is expected to benefit both buyers and sellers by increasing reach and streamlining access to listings.
Malaysia plans to leverage its strategic location and rising investments to establish itself as a hub for energy and semiconductor manufacturing, Prime Minister Anwar Ibrahim and Economy Minister Rafizi Ramli announced Thursday. The country is benefiting from political stability, economic growth, and a strong currency, distinguishing it from regional peers facing uncertainty.
Prime Minister Anwar highlighted Malaysia’s economic rebound last year, driven by significant investments in renewable energy and AI infrastructure. He pointed to a stable ringgit, low inflation, and a leading stock market performance in Southeast Asia. ‘In 2025, we aim to capitalise on our geographical position as a conduit for electricity, talent, and supply chain diversification,’ Anwar said at an economic forum.
Economy Minister Rafizi Ramli revealed plans to produce homegrown graphics processing unit (GPU) chips in response to growing AI and data centre demands. Malaysia, which already accounts for 13% of global semiconductor testing and packaging, is targeting over $100 billion in investments for the sector. The country has attracted major firms like Intel and Infineon, as well as digital investments from Google, further boosting its economy and solidifying its role as a key player in the global semiconductor supply chain.
US safety regulators are investigating Tesla’s ‘Actually Smart Summon’ feature, which allows drivers to move their cars remotely without being inside the vehicle. The probe follows reports of crashes involving the technology, including at least four confirmed incidents.
The US National Highway Traffic Safety Administration (NHTSA) is examining nearly 2.6 million Tesla cars equipped with the feature since 2016. The agency noted issues with the cars failing to detect obstacles, such as posts and parked vehicles, while using the technology.
Tesla has not commented on the investigation. Company founder Elon Musk has been a vocal supporter of self-driving innovations, insisting they are safer than human drivers. However, this probe, along with other ongoing investigations into Tesla’s autopilot features, could result in recalls and increased scrutiny of the firm’s driverless systems.
The NHTSA will assess how fast cars can move in Smart Summon mode and the safeguards in place to prevent use on public roads. Tesla’s manual advises drivers to operate the feature only in private areas with a clear line of sight, but concerns remain over its real-world safety applications.
Delta Air Lines introduced an AI-powered assistant and expanded in-flight services during CES 2025. The Delta Concierge, built into the airline’s mobile app, will provide proactive travel updates like passport expiration alerts and visa requirements. Passengers can interact with the assistant using voice or text for added convenience.
SkyMiles members will soon enjoy free access to YouTube Premium and YouTube Music during flights. The new offering enhances Delta’s focus on passenger entertainment while adding exclusive perks for frequent flyers.
A next-generation in-flight entertainment system will begin rolling out in 2026, featuring 4K HDR QLED displays, Bluetooth connectivity, and 96 terabytes of storage for movies, TV shows, and music. Delta describes it as the first cloud-based system of its kind.
The company also announced a collaboration with Airbus on the fello’fly project, testing formation flying to conserve fuel. Regulatory hurdles could delay widespread adoption, but the energy-saving potential remains promising.
The UK’s Competition and Markets Authority (CMA) has announced plans to begin two investigations this month under its new digital markets powers. These measures focus on encouraging investment, innovation, and growth while targeting the largest tech firms.
Only companies designated with ‘Strategic Market Status’ (SMS) will face these investigations, with the bar for SMS status set high. Apple and Google were previously identified for potentially limiting competition in mobile ecosystems. Further details on the investigations will be revealed soon, with a third inquiry expected in about six months.
The regulator, which has gained greater merger control powers post-Brexit, was urged by Prime Minister Keir Starmer to focus more on growth. The new regime seeks to balance market competitiveness with the UK’s appeal for tech investment.
A prominent technology trade group has urged the Biden administration to reconsider a proposed rule that would restrict global access to US-made AI chips, warning that the measure could undermine America’s leadership in the AI sector. The Information Technology Industry Council (ITI), representing major companies like Amazon, Microsoft, and Meta, expressed concerns that the restrictions could unfairly limit US companies’ ability to compete globally while allowing foreign rivals to dominate the market.
The proposed rule, expected to be released as soon as Friday, is part of the Commerce Department’s broader strategy to regulate AI chip exports and prevent misuse, particularly by adversaries like China. The restrictions aim to curb the potential for AI to enhance China’s military capabilities. However, in a letter to Commerce Secretary Gina Raimondo, ITI CEO Jason Oxman criticised the administration’s urgency in finalising the rule, warning of ‘significant adverse consequences’ if implemented hastily. Oxman called for a more measured approach, such as issuing a proposed rule for public feedback rather than enacting an immediate policy.
Industry leaders have been vocal in their opposition, describing the draft rule as overly broad and damaging. The Semiconductor Industry Association raised similar concerns earlier this week, and Oracle’s Executive Vice President Ken Glueck slammed the measure as one of the most disruptive ever proposed for the US tech sector. Glueck argued the rule would impose sweeping regulations on the global commercial cloud industry, stifling innovation and growth.
While the administration has yet to comment on the matter, the growing pushback highlights the tension between safeguarding national security and maintaining US dominance in the rapidly evolving field of AI.
Apple remains unable to sell its iPhone 16 in Indonesia despite agreeing to build a production facility in the country, according to Indonesia’s industry minister, Agus Gumiwang Kartasasmita. The ban stems from regulations requiring smartphones sold domestically to include at least 35% locally-made components—a threshold Apple has not met.
While Apple plans to invest $1 billion in a facility on Batam island to produce its Airtag tracking devices, the industry ministry clarified that this does not qualify as contributing to iPhone production. Kartasasmita emphasised that only phone components would satisfy the local content rules necessary for certification to sell iPhones in Indonesia.
Apple, which lacks manufacturing facilities in the country, has maintained its presence through application developer academies since 2018. Despite two days of discussions between Kartasasmita and Apple’s vice president of global government affairs, Nick Ammann, the company’s proposals for ‘innovative investment’ failed to meet Indonesia’s regulatory standards for smartphone sales.
The planned Batam facility, expected to launch operations next year, underscores Apple’s interest in expanding its footprint in Indonesia, a nation of 280 million people. However, the iPhone 16’s path to market in the region remains uncertain.
AI startups have played a key role in reviving United States venture capital funding, with total capital raised in 2024 increasing by nearly 30% year-on-year, according to PitchBook. AI firms secured a record 46.4% of the $209 billion raised, a sharp rise from less than 10% a decade ago. The surge in investment has been driven by growing enthusiasm for AI technology, particularly since OpenAI’s ChatGPT gained widespread attention in late 2022. Major funding rounds, including $6.6 billion for OpenAI and $12 billion for Elon Musk’s xAI, highlight investor confidence in AI’s potential.
Despite the strong investment trends, analysts warn that maintaining such momentum could be challenging, especially for foundation model firms that require significant capital for computing power and expertise. Venture capital funding overall still faces hurdles, with only $76 billion raised in 2024—the lowest in five years. Exit values also remain well below their 2021 peak, although they improved from 2023’s seven-year low. While the IPO market did not recover as quickly as expected, year-end listings like ServiceTitan have provided some renewed optimism.
Hopes for a stronger IPO and M&A market are tied to the incoming administration of President-elect Donald Trump, which is expected to introduce policies favourable to technology and business. Industry experts believe more venture-backed companies could go public in the second half of 2025, helping to sustain the investment rebound. With AI continuing to dominate venture capital funding, the sector’s ability to meet ambitious business milestones will be critical to maintaining investor confidence.
