Bill Gates has warned that AI will replace many jobs, but says coding will stay a fully human profession, even hundreds of years from now.

CEO to talk with Chinese officials next week, aiming for September unveiling of processor compliant with US export controls

Nvidia CEO Jensen Huang has been warned by U.S. Senators to avoid engaging with Chinese companies linked to military or intelligence operations during his upcoming China visit. The bipartisan concern follows fears that Nvidia's actions could aid China's AI and chip development despite export control laws.

Key Takeaways Nvidia CEO Jensen Huang’s net worth could soon overtake famed investor Warren Buffett’s, after the AI chipmaker's stock gains made it the most valuable company in history. Huang was the 10th richest person in the world with an estimated net worth of $142 billion as of Wednesday,

Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.

AI data center spending could blow past the $1 trillion mark by 2028. By then, NVIDIA could be commanding a market cap closer to $5 trillion.