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Transcripts For BBCNEWS World 20240702

The us tells nvidia to take its chips off the table as washington bans the company from exporting some of its products to china. And Pakistan International Airlines Cancels more than 300 hundred flights, as the National Carrier struggles to pay for jet fuel. Welcome to World Business report. Im lukwesa burak. Lets start with the tech giant nvidia, which says the us has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The ban was originally set to come into place in the middle of november, but has been moved forward by the white house. The new restrictions bar exports of nvidias advanced ai chips, which had been designed for the Chinese Market to comply with earlier export regulations. Michelle fleury is in new york for us. Is this more to for tat between the us and china or could this be something far more significant . I think you have to look at whats going on here, china and us to have the biggest economies are in a Battle Over Future

Transcripts For BBCNEWS Verified 20240702

Nvidia or china who will be hurt most by this, or neither . I nvidia or china who will be hurt most by this, or neither . I think what america most by this, or neither . I think what america is most by this, or neither . I think what america is trying most by this, or neither . I think what america is trying to most by this, or neither . I think what america is trying to do most by this, or neither . I think what america is trying to do is l what america is trying to do is prevent china from getting this technology, or at least slow down its ability to grow its own industry, so they are trying to stop the transfer of knowledge, if you like, as well as the products. And we are seeing Companies Get caught in the middle of this battle between these two huge economic superpowers. Nvidia as you pointed out, is a leading chip maker, particularly when it comes to ai chips, and it has specifically tailored a product of the Chinese Market that complied with existing export curbs that the us had

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