New US restrictions on AI chip exports to China are causing financial setbacks for Nvidia and AMD.These limitations, impacting Nvidia's H20 chips, are a consequence of the ongoing "chip war" driven by concerns over China's AI advancements, exemplified by models like DeepSeek. Meanwhile, broader economic uncertainties, including potential semiconductor tariffs, are affecting venture capital interest and IPO plans, creating a cautious investment environment. In other AI developments, NATO has acquired Palantir's AI-powered warfighting platform, and Nvidia has announced plans to manufacture AI supercomputers in the US for the first time. Additionally, AI is being applied in diverse areas such as predicting lightning-induced wildfires, showcasing its growing utility.

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