Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Chinese officials are allowing Tencent (TCEHY), ByteDance (BDNCE), and Alibaba (BABA) to buy over 400,000 Nvidia (NVDA) H200 AI chips, according to Reuters.
Reuters added that other Chinese firms are also waiting for approval to buy the chips, subject to certain conditions.
- Snap (SNAP) has created a subsidiary called Specs that will focus on its augmented reality glasses, which are expected to hit the market later this year.
“This structure provides greater operational focus and alignment, enables new partnerships and capital flexibility, allows us to grow a distinct brand, and supports clearer valuation of the business as we work towards the public launch of Specs later this year,” Snap said in a statement.
- Apple (AAPL) CEO Tim Cook called for a de-escalation of tensions following the death of a second ICE protestor in Minnesota last weekend, adding he was “heartbroken” about the situation.
“This is a time for de-escalation,” Cook wrote in a memo to employees, according to Bloomberg.
“I believe America is strongest when we live up to our highest ideals, when we treat everyone with dignity and respect no matter who they are or where they’re from, and when we embrace our shared humanity,” Cook added.
Cook also said that he discussed the situation with President Trump earlier this week.