Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
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Apple CEO Tim Cook Meets China's IT Minister During Beijing Visit

FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo
FILE PHOTO: Apple CEO Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US, Sept. 9, 2024. REUTERS/Manuel Orbegozo/File Photo

Apple CEO Tim Cook met on Wednesday with China's Minister for Industry and Information Technology Jin Zhuanglong during a visit to Beijing this week, the ministry said in a statement.
During the meeting, Jin told Cook that he hoped Apple would continue to deepen its presence in China, increase investment in innovation, grow with Chinese companies and share the dividends of high-quality development, the statement showed.
The trip is Cook's second to China this year. His posts on the X-like Weibo social media platform showed he visited an organic farm and toured ancient neighborhoods with artists including local photographer Chen Man, Reuters reported.
China is the world's biggest smartphone market where, in recent quarters, the iPhone maker has been losing market share to domestic rivals. Apple began China sales of its latest smartphones on Sept. 20, the same day local champion Huawei launched a rival handset. The new iPhones got off to a strong start with sales rising 20% in the first three weeks of launch compared with the year-earlier model, showed data from researcher Counterpoint.
However, overall iPhone sales in China fell 2% on year during the three-week period due to declining sales of older models and increased competition with Huawei's Mate and Pura series, Counterpoint said.



EU Lags US and China in AI Investments, Nvidia CEO Says

Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. (Reuters)
Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. (Reuters)
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EU Lags US and China in AI Investments, Nvidia CEO Says

Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. (Reuters)
Words reading "Artificial intelligence AI", miniature of robot and toy hand are pictured in this illustration taken December 14, 2023. (Reuters)

The European Union lags far behind the United States and China in investing in artificial intelligence, the CEO of AI chipmaker Nvidia said on Wednesday.

While there are only a handful of artificial intelligence companies in Europe, such as France's Mistral and Germany's Aleph Alpha, the bloc passed the world's first comprehensive rules to govern AI which came into force in August.

"The EU has to accelerate the progress in AI," Nvidia CEO Jensen Huang said during a visit to Copenhagen. "There's an awakening in every country realizing that the data is a national resource."

Huang was in Denmark to launch a new supercomputer named Gefion, which boasts 1,528 graphic processing units (GPUs) and was built by Nvidia in partnership with the Novo Nordisk Foundation and Denmark's Export and Investment Fund.

Nvidia is the world's top maker of GPUs, which are in high demand because they can be used to speed up artificial intelligence work. OpenAI's ChatGPT, for example, was created with thousands of Nvidia GPUs.

Denmark plans to use the supercomputer for drug discovery, disease diagnosis, treatment and complicated life science challenges.

"The era of computer aided drug discovery must be within this decade," Huang said. "This will be the decade of digital biology."

Nvidia is the second largest listed US company after Apple with a market value of $3.52 trillion.