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America One News
16 Apr 2025
#economy
Le Monde: Nvidia warns of $5.5 billion hit from new US chip export curbs
Nvidia anticipates a $5.5 billion loss this quarter due to new U.S. licensing requirements for its H20 chips, which are restricted from export to China over national security concerns. Shares fell over 6% following the announcement.
The licensing rule affects GPUs with bandwidth similar to the H20, adding to previous restrictions on Nvidia's advanced AI chips. The uncertainty in global markets continues as trade tensions escalate, particularly between the U.S. and China.
#crime
GB News: Care worker jailed after stealing £17k from vulnerable residents to splash on gambling and takeaways
Cheryl Pratt, a former senior support worker at a York care home, has been sentenced to two years in prison for fraud after stealing over £17,000 from vulnerable residents. She used their bank details to fund gambling and make personal purchases, abusing her position of trust.
Her crimes were uncovered when a victim's family member noticed suspicious activity. An investigation revealed that Pratt had set up online accounts in residents' names and transferred funds for her own gain, despite her claims of consent.