Nvidia's $5.5 Billion Loss, Huawei Capitalizes, OpenAI's New Models & Windsurf Acquisition

New US export laws cost Nvidia $5.5 billion, Huawei plans on filling their void, OpenAI announced new reasoning models, and could compete with Cursor.

Nvidia Faces $5.5B Hit from U.S. AI Chip Export Rules

Nvidia announced a $5.5 billion loss on April 15, 2025, due to canceled orders for its H20 chip, now requiring a U.S. export license for China. The tightened rules aim to curb China’s AI progress, impacting Nvidia and competitors like AMD.

Such a large write-off means there’s a void in AI chips, which …