Consumer Tech News (Jan 12-16): Trump Imposes 25% Tariff on Nvidia, Eyes Starlink, Pushes $1.5T Military Budget & More

Benzinga_recent_news01-18

President Donald Trump imposed a 25% tariff on select high-end artificial intelligence chips from companies like Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD). Trump revealed...

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Ltd. (OTC:SSNLF), to disclose their source code and make certain software changes to enhance security.\nTaiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) posted net sales of $33.73 billion, topping the $33.27 billion analyst consensus. EPS came in at $3.14, above the $2.79 consensus estimate.\n$Bank of America Corp(BAC-N)$ (NYSE:BAC) reported fourth-quarter EPS of 98 cents, beating the analyst consensus estimate of 96 cents. Revenue, net of interest expense, increased 7% year-over-year (Y/Y) to $28.532 billion, beating the analyst consensus estimate of $27.944 billion.\nSpotify Technology SA (NYSE:SPOT) is moving ahead with another price increase as it seeks to strengthen profitability amid moderating growth, leadership changes, and heightened attention from investors and artists alike.\nNano Nuclear Energy Inc. (NASDAQ:NNE) issued a formal Request for Information to identify partners for future surface fission power system development.\nTalen Energy Corporation (NASDAQ:TLN) signed definitive agreements to acquire three large natural gas power plants in the Midwest for a total value of $3.45 billion.\nEricsson (NASDAQ:ERIC) said it has filed a formal notice with Swedish authorities about potential layoffs. The company estimates that up to roughly 1,600 positions across its Swedish workforce could be affected.\nAlibaba Group Holding Ltd (NYSE:BABA) is accelerating its push into consumer-facing artificial intelligence by deeply integrating its Qwen AI app with the company’s core services.\nAmazon Web Services (AWS), the cloud computing arm of Amazon.com Inc. (NASDAQ:AMZN), disclosed the launch of the AWS European Sovereign Cloud, its first AWS region in Brandenburg, Germany.\nAmazon.com reportedly renegotiated prices with some suppliers as reduced U.S. tariffs on Chinese imports eased cost pressures across its e-commerce supply chain.\nWalmart Inc. (NYSE:WMT) announced a partnership with Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Gemini, which will enable customers to easily discover and purchase products from its store and its warehouse club, Sam's Club.\nCleanSpark, Inc. (NASDAQ:CLSK) announced it is expanding its Texas footprint with a land-and-transmission deal near Houston aimed at powering large-scale data center campuses built for artificial intelligence and high-performance computing.\nIn an internal memo to the workforce, Dell Technologies Inc. (NYSE:DELL) COO and Vice Chairman Jeff Clarke has reportedly announced a significant overhaul of the company's operations, collectively known as One Dell Way.\nAdvanced Micro Devices Inc. (NASDAQ:AMD) and Tata Consultancy Services (TCS) announced a strategic collaboration to help enterprises transition artificial intelligence initiatives from pilot stages to large-scale production, while modernizing legacy IT environments and enhancing digital workplaces.\nApollo Global Management (NYSE:APO) has led a $3.5 billion financing package for Valor Compute Infrastructure (VCI), a fund run by Valor Equity Partners. This money will help fund a $5.4 billion acquisition and lease of data-center infrastructure, including Nvidia‘s GB200 GPUs, to a subsidiary of Elon Musk‘s artificial intelligence company, xAI.\nNVIDIA and Eli Lilly newly announced $1 billion AI co-innovation lab underscores how artificial intelligence is spreading beyond data centers into medicine, and ETF investors are beginning to price that into thematic funds.\nCoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator has forcefully rejected allegations that his company is engaged in \"circular financing\" with Nvidia, describing the narrative as \"ridiculous\" and mathematically unsound.\nMicrosoft Corporation (NASDAQ:MSFT) has pledged to adopt a \"community-first\" approach to its AI infrastructure expansion, ensuring that local electricity bills do not surge due to its operations.\nMeta Platforms Inc. (NASDAQ:META) is launching a new AI infrastructure group called Meta Compute as Chief Executive Officer Mark Zuckerberg accelerates multibillion-dollar investments in data centers and long-term energy supplies to pursue advanced artificial intelligence.\nMeta is planning to cut about 10% or more jobs in its Reality Labs division, which includes the metaverse, to focus more on next-generation AI initiatives.\nAlphabet has expanded its long-running partnership with Nvidia as Google Cloud begins deploying its latest Blackwell-based AI systems to support advanced enterprise and government workloads.\nApple launched Apple Creator Studio, a new subscription bundle designed for creators across Mac, iPad, and iPhone. \nApple is teaming up with Alphabet’s Google to power upcoming artificial intelligence features, including future versions of Siri, as it moves to strengthen its AI capabilities.\nThe American Federation of Teachers is shutting down its presence on X, after the platform’s AI chatbot, Grok, produced sexually explicit images of minors, prompting concerns over child safety.\nA Ford Motor Co. (NYSE:F) employee suspended for heckling President Donald Trump has received close to $800,000 in GoFundMe donations.\nNio Inc. (NYSE:NIO) vowed to keep pushing its business in Europe as the European Commission formalized conditions for China-made EVs’ tariff alternatives.\nXPeng Inc. (NYSE:XPEV) announced that it will establish independent supply chain teams in Europe and Southeast Asia in 2026, furthering its efforts to localize operations as overseas demand accelerates.\nTesla Inc. (NASDAQ:TSLA) unveiled a new, 7-seater version of the Model Y crossover SUV as the EV maker’s sales improved in China despite a Q4 delivery shortfall.\nCEO Elon Musk has shared that the company will stop offering the Full Self-Driving (FSD) service as a one-time payment in favor of a monthly subscription.\nWeRide Inc. (NASDAQ:WRD) launched its Robotaxi service Mini Program, \"WeRide Go\", on WeChat in China.\nWeRide  announced the 1,000 Robotaxi feat, sharing that it has “reached 1,023 Robotaxis globally!” WeRide also announced that it had achieved driverless operations in Beijing, Guangzhou & Abu Dhabi.\nGov. Gavin Newsom (D-Calif.) condemned Elon Musk’s artificial intelligence company xAI, urging state authorities to investigate its chatbot Grok over the creation and spread of nonconsensual AI-generated sexual images involving children.\nMalaysia and Indonesia have blocked access to Elon Musk's artificial intelligence (AI) chatbot, Grok, after discovering that the tool could be used to generate and distribute images containing nonconsensual explicit content and child sexual abuse material (CSAM).\nOpenAI has inked a deal with AI chipmaker Cerebras Systems to procure 750 megawatts of computing power through 2028.\nOpenAI rehired former executive Barret Zoph after he was reportedly fired from Mira Murati’s AI startup, Thinking Machines Lab.\nOpenAI acquired the health-care technology startup Torch, days after the company unveiled ChatGPT Health, a platform designed to help patients and doctors navigate complex medical information.\nStarlink, the satellite internet service provider by Elon Musk‘s commercial space flight company SpaceX, has unveiled new residential plans for the U.S.\nDatavault AI Inc. (NASDAQ:DVLT) announced a new partnership with Fintech.TV to launch its patented AI media-rating technology.\nDatavault AI plans to operate a nationwide edge network of more than 100 nodes across 33 U.S. cities, with revenue generation expected to begin in the second half of 2026.\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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