Nvidia, a global leader in AI chip technology, is grappling with new U.S. export restrictions that affect its custom-designed H20 chip for China. With the revised rules halting shipments without a special license, Nvidia could see a $5.5 billion hit to revenue. This development highlights the growing geopolitical tensions surrounding advanced technology and their impact on semiconductor firms.

Netflix delivered a powerful financial performance in the first quarter of 2025, surpassing market expectations with a 13% revenue increase and a significant boost in net income. Backed by strong subscriber activity, advertising revenue, and recent price adjustments, the streaming giant remains optimistic about its future, aiming to double its revenue by 2030 and significantly expand its ad business.

California's Attorney General has declined to support Elon Musk's lawsuit challenging OpenAI’s shift toward a for-profit structure. Musk claims this move violates the company's original nonprofit mission, while OpenAI insists it's necessary for securing future investment. The legal standoff continues without state backing.

Despite a sharp decline in the Indian stock market, with the Sensex and Nifty witnessing significant drops, Trent Ltd. shares soared by 6%, making it the top performer in the Nifty 50 index. This surge comes amid heightened market volatility and investor concerns over global economic uncertainties. Trent’s impressive rally highlights strong investor confidence in its retail expansion and financial stability.

OpenAI has successfully raised $40 billion in a landmark funding round, pushing its valuation to an impressive $300 billion. With investments from SoftBank, Microsoft, and other major players, this funding aims to accelerate AI research, expand computing infrastructure, and enhance user tools for ChatGPT’s growing audience. The investment solidifies OpenAI’s dominance in the artificial intelligence industry and fuels its ambitions to develop next-generation AI systems.

President Donald Trump has announced potential escalations in tariffs on Canada and the European Union (EU) if they engage in actions perceived to harm the U.S. economy. This follows the administration's recent imposition of a 25% tariff on imported vehicles, effective April 3, 2025, aimed at protecting domestic auto manufacturing. The move has elicited strong reactions from international leaders and raised concerns about a deepening global trade conflict.

Chinese AI firm DeepSeek has launched an upgraded version of its large language model, DeepSeek-V3-0324, significantly enhancing its reasoning and coding capabilities. The update marks a major leap in China’s AI development, narrowing the technological gap with U.S. firms like OpenAI. As DeepSeek strengthens its position in the AI sector, its cost-effective and open-source approach is prompting other Chinese AI startups to rethink their strategies.