Embracing the controversial technology might help retailer Pop Mart adapt the fad before it fizzles, but the cultural consequences in the U.S. could be dire.

China's top leadership has recently pledged to curb "involutionary" competition amid intense price wars in the country.

Nvidia founder and CEO Jensen Huang has been active on the government relations and lobbying front, and now he’s got something big to show for his efforts: the Trump Administration has agreed to lift a ban on selling Nvidia H20 AI chips to China.

American chipmaking giant Nvidia (NVDA) says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.

But the fact that America or China will win this contest should not turn other countries into mere spectators. Even more important for their economies and societies is the other AI race, the one for “everyday AI ”: the deployment and diffusion of the technology across the whole of the nation.

The rollout is expected to include pushing for speedier permitting for data center buildouts and promoting US tech exports.

China has invested billions into its artificial intelligence ambitions, aiming to be a leader in the global tech landscape. At the Beyond Expo in Macao, CNN’s Kristie Lu Stout explores the country’s latest breakthroughs and its growing influence in the world of AI.

Critics have slammed the White House's anticipated move to loosen AI chip exports as ceding leverage to the U.S. rival.