At Huawei Connect 2025, Huawei revealed its Ascend chip roadmap, including the 950, 960, and 970 series for AI and HPC, challenging NVIDIA’s dominance. Despite semiconductor manufacturing challenges, Huawei focuses on domestic design, proprietary tech, and open-source strategies. New Ascend chips promise performance leaps with enhanced interconnects. Huawei’s SuperPoD and SuperCluster strategy, powered by UnifiedBus 2.0 (an open protocol), aims to provide scalable, high-performance computing, expanding into general-purpose computing with Kunpeng 950 processors and TaiShan SuperPod. Huawei claims significant performance advantages over competitors.

Kevin Durant’s forgotten Coinbase account, containing Bitcoin purchased in 2016, has become a surprisingly profitable investment due to the cryptocurrency’s surge in value. Agent Rich Kleiman revealed that Durant’s team has been unable to access the account due to a forgotten password, leading to an unintentional “hodl” strategy. While Bitcoin’s value has skyrocketed by over 11,000% since Durant’s initial investment, the situation highlights the challenges of digital asset management and account recovery, even for prominent figures. Durant and Kleiman are also investors in Coinbase Global and have a partnership with the platform.

Sivers Semiconductors announced an $8.3 million directed share issue to Swedish and international institutional investors, managed by Pareto Securities AB. Funds will accelerate R&D (60%), support strategic investments like acquisitions and talent (20%), and optimize capital structure (20%). The company is focusing on high-growth markets in SATCOM and AI data centers and aims to strengthen its position through strategic partnerships, expanded product offerings, and a growing customer pipeline. Board members and the CEO intend to participate in the offering.

Microsoft is investing $4 billion in a second Wisconsin data center, following a $3.3 billion initial commitment. The Mount Pleasant facility, equipped with Nvidia Blackwell GB200 GPUs, will support demanding AI workloads, addressing the growing demand for AI processing power. This expansion comes amidst a global scramble for cloud infrastructure driven by AI adoption. Microsoft aims to match energy consumption with carbon-free sources, including a 250-megawatt solar farm. The data centers’ power requirements exceed 900 megawatts, but Microsoft aims to avoid inflating local energy costs. Wisconsin is poised to become a major AI hub.

Coinbase CEO Brian Armstrong addressed Capitol Hill amid a regulatory clash between crypto and banking sectors. The debate centers on crypto exchanges offering rewards, viewed as similar to bank interest. Banking groups lobby to restrict this, fearing deposit outflows to stablecoins. Armstrong argues for a level playing field, dismissing bank concerns as protecting revenue. The GENIUS Act’s interpretation on exchange-offered rewards is disputed. Banks warn of diminished lending capacity, citing a potential $6.6 trillion deposit shift. Crypto advocates claim restrictions favor traditional institutions. The outcome of market structure legislation will shape the future of digital assets and finance.

Amentum announced a significant expansion in the UK, creating 3,000 jobs over four years due to growing demand in nuclear power and defense. This follows discussions between Amentum’s CEO, the U.S. President, and the UK Prime Minister, emphasizing transatlantic partnerships. Amentum is a key partner in UK nuclear projects like Hinkley Point C and Sizewell C, and provides services for the Royal Navy’s submarine fleet. The expansion includes investments in digital engineering, AI, and automation.

Deliveroo CEO and co-founder Will Shu is stepping down pending DoorDash’s £2.9 billion ($4 billion) acquisition, expected to finalize on October 2nd. Shu, who founded Deliveroo in 2013, announced his departure after 13 years, citing opportune timing and achieved growth. The acquisition gives DoorDash a significant European presence and access to Deliveroo’s infrastructure. While integration challenges exist, the deal offers potential synergies in technology and market expertise, impacting the competitive landscape of the food delivery industry.

Palo Alto Networks (PANW) launched “Be A Genius. Deploy Bravely,” an AI-driven marketing campaign featuring historical innovators. Utilizing tools like Google Veo and Gemini, PANW significantly reduced ad production time from nine months to one week and costs from millions to under $1,000 per ad. AI was also used to predict ad effectiveness. The campaign, appearing on platforms like CNBC and LinkedIn, signals a move towards AI in marketing, mirroring a broader industry trend of AI adoption. PANW emphasizes the security of AI initiatives with its Prisma® AIRS™ platform.

Palo Alto Networks launched an AI-driven marketing campaign, “Be A Genius. Deploy Bravely,” showcasing AI’s potential while promoting secure AI deployment. The campaign, featuring AI-generated ads of historical innovators, achieved significant cost and time savings, reducing production timelines from nine months to one week per ad, and costing less than $1,000 per ad. Palo Alto Networks aims to demonstrate AI’s transformative power and position itself as a leader in secure AI adoption, aligning with their AI security platform, Prisma® AIRS™.

China has reportedly expanded restrictions on Nvidia chips, impacting the RTX Pro 6000D AI chip in addition to the H20 GPU. This move signals growing confidence in China’s domestic semiconductor industry and a potential negotiation tactic with the U.S. Huawei is emerging as a domestic force with its Ascend chips. Experts view these actions as a strategic attempt to gain leverage in trade negotiations, influencing U.S. policy on export controls. The U.S. may re-evaluate its approach balancing security concerns with economic interests.