AI Daily: Senators aim to bar Nvidia from selling AI chips to China

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly:

AI CHIPS: U.S. senators plan to introduce legislation that would make it more difficult for China to obtain critical American AI-related technology, effectively barring Nvidia (NVDA) from selling its AI chips to Beijing, the Financial Times’ Demetri Sevastopulo reports. The Secure and Feasible Exports Chips Act would mandate that the commerce secretary prohibit export licenses for advanced chips to China for 30 months, which would prevent Nvidia from selling its H200 and Blackwell chips to China, the author says. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Qualcomm (QCOM) and Texas Instruments (TXN).  

PARTNERSHIP WITH META: People Inc. announced a strategic content partnership with Meta (META) as the first lifestyle publisher to make real-time content available to Meta AI users across popular categories such as entertainment, home, food, health, and finance. The deal includes celebrated People Inc. brands such as People, Better Homes & Gardens, Allrecipes, Food & Wine, Southern Living, Verywell Health, InStyle and more. People Inc. content is expected to phase into Meta AI’s experiences over the coming days. Terms of the deal are not being publicly disclosed. The multi-year partnership provides Meta access to People Inc. content to help Meta AI users discover lifestyle topics tailored to their interests-from holiday trends to celebrity news-ensuring appropriate attribution and links back to all People Inc. websites. People Inc. is based in New York City and is an operating business of IAC (IAC).

USA Today (TDAY) also announced a multi-year strategic partnership with Meta Platforms (META) to access new and archival content from USA Today, more than 200 USA Today Network local publications and the network of USA Today Sports wires. This partnership enables Meta’s family of apps and devices to feature news and information from local and national newsrooms.

TETON RIDGE: Palantir (PLTR) and TWG AI announced a new effort with Teton Ridge, the western sports and entertainment company backed by TWG Global, to bring real-time AI and computer vision to rodeo – accelerating and elevating the sport experience for athletes, fans, and partners, in collaboration with Nvidia (NVDA). Over the past year, Teton Ridge, owner of Cowboy Channel and related western sports and media communities, has partnered with PRCA-sanctioned rodeos to test and refine AI and computer-vision applications in live arena settings, gathering critical athlete feedback and enabling rapid real-world iteration. Teton Ridge began this effort by aggregating and structuring years of historical rider, animal, and event-performance data across multiple disciplines. Working with Palantir and TWG AI through TWG Global, the company deployed Palantir Foundry and AIP to analyze every ride and race with advanced computer vision models, building a deeper understanding of the mechanics between human and animal athletes.

BUY COREWEAVE: Roth Capital initiated coverage of CoreWeave (CRWV) with a Buy rating and $110 price target. CoreWeave is positioned to be “a top four market share winner” in an AI Cloud market that will likely exceed the size of the traditional Internet Cloud, says the firm, citing the company’s “proven scale,” speed to market, and superior product-price performance versus AI Cloud peers and hyperscalers. With shares down about 40% since early October, the firm sees a “highly asymmetric risk/reward,” Roth tells investors.

Freedom Capital analyst Paul Meeks also started coverage of CoreWeave with a Buy rating and $100 price target. The firm says the stock’s recent selloff “significantly overstates” the risk that CoreWeave will not deliver its $56B multi-year revenue backlog. The company’s payments from hyperscalers which are supporting its capital expenditures “are secure for several years,” Freedom tells investors in a research note.