Nicholas Gordon
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Articles by Nicholas Gordon
'I told you so': China's chip sector is making breakthroughs—and US export controls are the reasons why
“I'm not going to say ‘I told you so,'” says Rakesh Kumar. “But it really is ‘I told you so.'” Kumar, a professor of electrical and computer engineering at the University of Illinois Urbana-Champaign and author of Chip Age: How Semiconductors Became the World's Most Powerful Resource , has spent four years as one of Washington's most persistent academic critics of its attempt to freeze China's chip industry.
'I told you so': China's chip sector is making breakthroughs—and US export controls are the reasons why
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At Singapore launch, Anthropic defends its oversight of how customers use its model, citing AI's dual use risks
Nicholas Gordon, Ashleigh Nghiem Anthropic is unwilling to relinquish all oversight of how customers use its most powerful AI models, citing the “dual use” nature of the technology, co-founder Benjamin Mann said Wednesday.
The US.-China relationship is on 'tactical autopilot' after the Xi-Trump summit. Maybe that's not so bad
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Macau wants to be a 'business city,' not just a gaming hub—and it's spending $16 billion to help it get there
Macau, the world's largest gambling hub, hopes to move from being a “tourism city” to a “business city,” according to the head of the Chinese city's trade and investment promotion arm. Speaking at the Fortune Leaders Forum in Macau on Sept. 8, Alex Che Weng Keong, president of the board of directors of the Commerce and Investment Promotion Institute of the Macao SAR, cited an interesting role model: Las Vegas.
Asian family philanthropy is 'a lot more hands-on'—and more corporate—than the West
Asia's richest families approach philanthropy in much the same way they approach business: Managing things directly and keeping a close eye on outputs, rather than just writing the checks. That's one of the conclusions from a new report from the Bridgespan Group, a U.S.-based philanthropy advisory group, released at the Philanthropy for Better Cities Forum in Hong Kong on Sept. 7. Asia's family fortunes are still younger than the rest of the world's.
Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it's still not the best time for an IPO
Airwallex president Lucy Liu invokes a car metaphor to describe one of her company's newest products. “It's like assisted driving, like you have in a Tesla ,” she says to describe T:0, an automated bookkeeping system that can run a company's entire financial department on its own.
Airwallex expands from cross-border payments to autonomous finance-though president Lucy Liu says it’s still not the best time for an IPO
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Geopolitical risk needs to move away from the 'after-dinner speaker': Eurasia Group and Rio Tinto's Dominic Barton
Surprise U.S. tariffs. A war involving Iran. New American tech bans and Chinese export controls. The list of geopolitical shocks that CEOs must be mindful of, let alone plan for, keeps getting longer. “We're in a world where all the assumptions about international institutions, free trade, a rules-based order—that's all going away,” said Dominic Barton, strategic counselor to Eurasia Group and chair of Australian mining giant Rio Tinto.
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of US competitors
Shares in Unitree, one of China's largest manufacturers of humanoid robots, closed their first day of trading by more than 460%, showing strong investor appetite for China's robotics sector. Unitree raised around $900 million in its IPO on Shanghai's STAR Market, the city's board for technology startups, at a valuation of $9 billion. After today's surge, Unitree is now worth around $66 billion, ahead of larger Chinese tech firms like Baidu and JD.com .
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of US competitors
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Unitree vs. Shein: How August's big China IPOs show how AI hype is leaving e-commerce giants behind
Size isn't everything in China's IPO markets. Unitree, perhaps China's most famous humanoid robotics maker, is in the middle of an initial public offering on Shanghai's STAR market, the city's board for tech startups, with a trading debut expected for this week. Then, later this week, the fast-fashion platform Shein will reportedly start its own IPO in Hong Kong, with shares potentially debuting as soon as Aug. 28, according to Reuters.
Inside China's two-speed economy: Why goods consumption is slumping even as exports and services boom
China's economy grew just 4.3% in the second quarter, the slowest pace since the end of the pandemic and short of Beijing's own target.
China’s moonshot, ZAI, and DeepSeek are challenging US AI labs-and beating them on cost
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China's moonshot, ZAI, and DeepSeek are challenging US AI labs—and beating them on cost
It was, perhaps, the worst-kept secret in the AI community. In mid-July, online sleuths who obsessively track the internet for signs of new AI models started to whisper about the latest offering from Moonshot AI, the Beijing-based artificial intelligence startup behind the Kimi large language model: Something big was coming Moonshot AI's latest model didn't just live up to the hype—it raised the stakes.
Booted from Malaysia, tech guru Balaji Srinivasan finds a new patron for his 'nomad' commune: Kazakhstan
A controversial, self-styled tech prophet had been searching the world for a place to set up a nomadic education community. Balaji Srinivasan, the former chief technology officer for Coinbase, thought he'd found one in Malaysia—specifically, in a largely uncompleted complex just across the waterway separating the Southeast Asian country from its neighbor, Singapore.
How SK Hynix just pulled off the second-largest US share sale by quietly powering the AI boom
Nicholas Gordon SK Hynix, the world's leading manufacturer of high-bandwidth memory, debuted on the Nasdaq yesterday, after raising $26.5 billion in the largest U.S. listing ever by a foreign company and the second-largest share sale in U.S. history, trailing SpaceX's $86 billion IPO last month. Shares rose 12.8% in their first day of trading.
Japan embraces agents as legacy code and a shrinking workforce create a perfect market for an AI software engineer
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U.S. would only break Iranian ceasefire if there was ‘absolutely no alternative,’ says Deutsche Bank—this weekend was a warning shot
A year ago, U.S. strikes against Iran would have had analysts running for the hills. In 2026, they’re barely raising an eyebrow. On Monday, the U.S. military carried out action near the Strait of Hormuz, claiming self-defense rather than signaling an end to the ceasefire. In response, NBC News reported Iran’s Revolutionary Guard vowed today to “respond decisively to any violation of the ceasefire.” Despite the potential knock to negotiations, economists remained relatively sanguine this morning.
Microsoft Cares About Your Privacy Why the 137-year-old developer Hongkong Land is reinventing itself—and trying to loosen its ties to its home city
Nicholas Gordon In the mid-1990s, when Percy Weatherall was CEO of Hongkong Land and Michael Smith was a junior property cadet at Jones Lang Wootton, Weatherall offered Smith a job. Smith turned him down as he was already committed to UBS in Sydney. Weatherall, Smith recalls, “wasn't very happy. I don't think he had many people say no to him.” Three decades later, Smith sat in that same corner office, newly installed as the company's CEO.
Microsoft Cares About Your Privacy Indosat CEO Vikram Sinha is building an AI for Indonesia's local languages. Can he make a business case for sovereignty?
Nicholas Gordon Is there room in the global AI race for anyone other than the United States and China? Vikram Sinha, the CEO of Indonesia's second-largest mobile carrier , Indosat Ooredoo Hutchison (IOH), thinks there has to be. “What gets solved in the U.S. or China might not work in Indonesia,” he told Fortune in early April, pointing to the country's different culture and languages.
China's decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI
Nicholas Gordon China has blocked Meta's deal to acquire AI startup Manus. The National Development and Reform Commission, the country's top macroeconomic regulator, unceremoniously posted on Monday that it had “decided to block the foreign acquisition of the Manus project and require the parties to unwind the deal.” The move is a headache for Meta, for whom the Manus acquisition, reportedly valued at around $2 billion, is a key element of its new AI strategy.
John Ternus, Apple's new CEO, inherits a rebounding China business—and some messy headaches
Nicholas Gordon John Ternus, Apple's senior vice president of hardware engineering, takes over as CEO on Sept. 1, ending Tim Cook's 15-year tenure at the top of the world's most valuable consumer technology company. Apple's presence with China is perhaps the defining relationship of the Tim Cook era. Chinese factories, managed by Global 500 companies like Foxconn and Luxshare, made the iPhones that turned the company into a global juggernaut.
‘They're sweating': Why Japanese giants are pouring money into Silicon Valley startups
Nicholas Gordon Japan has long gone its own way on technology, even inspiring its own term, “Galapagos syndrome,” for products and services that thrive at home yet go nowhere abroad. Now, the country's corporate giants are worried they're about to miss another technology wave, and are writing big checks to make sure they don't.
Microsoft Cares About Your Privacy Manycore, the first of the Hangzhou 'Little Dragons' to go public, pushes 'spatial intelligence' as the next wave of AI development
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised advertising and content, advertising and content measurement, audience research and services development.
Blazing hot IPOs, an AI agent craze, and a new word for 'token': Here's what's happening in the world of Chinese AI
Nicholas Gordon China now has a word for token: ciyuan . Liu Liehong, the administrator of China's National Data Administration, the country's main data regulator, unveiled the term at a State Council press conference in March, explaining that tokens were now “the settlement unit linking technological supply with commercial demand.” The National Data Administration disclosed that China now processes 140 trillion tokens every day, up from just 100 billion at the start of 2024 .
Anduril founder Palmer Luckey wants to arm the US.'s allies. Could his insistence on deferring to Washington scare them off?
Nicholas Gordon Palmer Luckey is clear when asked whether he would sell weapons to North Korea. “If the U.S. asks me to, yes.” Anduril, the defense-technology startup Luckey founded in 2017 after his politically charged departure from Facebook, could be set for a $60 billion valuation .
Indonesia faces a ‘perfect storm' of downgrade fears, trade tensions and now the Iran war—and 2026 has only just started
Nicholas Gordon Airlangga Hartato was all smiles on Feb. 19 as he signed his name to what he called a “win-win” deal. After four trips to Washington, seven formal negotiating rounds, and nine meetings with U.S. Trade Representative Jamieson Greer, Indonesia's economy minister had finally secured a reduction in U.S. duties on Indonesian goods—from a punishing 32% to a more tolerable 19%.
How the Strait of Hormuz poses an existential threat to Asia's economies
Nicholas Gordon As the Iran war enters its fourth week, much of its cost is being borne by countries that had nothing to do with starting it. Iran closed the Strait of Hormuz soon after the U.S. and Israel launched their strikes on the country, choking the maritime artery through which nearly all of the Persian Gulf's oil and natural gas flow.
OpenAI investor Vinod Khosla, a vocal Trump critic, agrees with the president on AI and China: 'We are in a techno-economic war'
Nicholas Gordon Venture capitalist Vinod Khosla has not been shy in criticizing Donald Trump's policies on immigration, climate change and diplomacy. In 2024, he said the then presidential-candidate had “depraved values.” But the billionaire Khosla, who acknowledges he is on the president's “sh-tlist,” places himself in Trump's corner on one key issue: AI policy and China.
Economist Eswar Prasad warns a ‘motley group' of middle powers can't stop the ‘doom loop' threatening the global economy
Nicholas Gordon Mark Carney, Canada's prime minister, didn't mince words when he took the stage at the World Economic Forum in Davos earlier this year.
多边主义不再盛行的世界,中国仍是“负责任的利益攸关方” - 财富中文网
Jin Liqun will hand over his position as president of the AIIB, China's answer to the World Bank, on Jan. 16, 2026.Qilai Shen—Bloomberg via Getty Images When China wanted to set up its answer to the World Bank, it picked Jin Liqun—a veteran financier with experience at the World Bank, the Asian Development Bank, China’s ministry of finance and the China Investment Corporation, the country’s sovereign wealth fund—to design it.
The Asian Infrastructure Investment Banks first president defends Chinas role as responsible stakeholder in a less multilateral world
When China wanted to set up its answer to the World Bank, it picked Jin Liquna veteran financier with experience at the World Bank, the Asian Development Bank, Chinas ministry of finance and the China Investment Corporation, the countrys sovereign wealth fundto design it.
HPs chief commercial officer predicts the future will include AI-powered PCs that dont share data in the cloud
Increased focus on privacy and security may open the door for AI-enabled devices rather than rely entirely on cloud computing and remote data centers. In a world where sovereign data retention matters, people want to know that if they input data to a model, the model wont train on their data, David McQuarrie, HPs chief commercial officer, told Fortune in October. Using an AI locally provides that reassurance.
What Southeast Asia’s largest companies say about a region in flux
20 hours ago TEL AVIV, Israel (AP) — Israel struck Iran’s state-run television station Monday during a live broadcast, forcing a reporter to run off camera following an explosion, after Iran fired a new wave of missiles at Israel that killed at least eight people. In other developments, Prime Minister Benjamin …
Nintendo’s Switch 2 could breathe new life into the video game giant—if Trump’s trade war doesn’t upend it all | Flipboard
4 hours ago Trump announces travel ban and restrictions on 19 countries set to go into effect Monday WASHINGTON (AP) — President Donald Trump on Wednesday resurrected a hallmark policy of his first term, announcing that citizens of 12 countries would be banned from visiting the United States and those from seven others would face restrictions.
Microsoft says Asia’s climb up the value chain—from ‘made in’ to ‘created in’—will make it a hub for AI adoption | Flipboard
1 day ago New York CNN — The president doesn’t control the economy, right? Every election year, that’s the reminder voters get from historians, politicos, journalists and academics of all stripes. It’s practically a cliché — voters make choices based on gas prices and grocery bills, even though those things …
Toss founder Lee Seung-gun—onetime dentist, now Korea’s fintech maven—talks superapps, ‘rubbish ideas’, and IPO plans ‘in the near future’ | Flipboard
1 hour ago Watch Coldplay cover ‘APT.’ with Rosé in South Korea Coldplay have performed a cover of ‘APT.’ with Rosé in South Korea – check out fan-shot footage of the performance below.
Trump’s ‘punitive’ China tariffs could end trade between the world’s two largest economies—and that would be painful, volatile, and dangerous | Flipboard
10 hours ago Trump exempts phones, computers, chips from new tariffs President Donald Trump exempted smartphones, computers, and other tech devices and components from his reciprocal tariffs, new guidance from U.S. … 17 hours ago Trump's China tariff shocks US importers. One CEO calls it 'end of days' WASHINGTON (AP) — Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports.
Trump’s ‘Liberation Day’ tariffs are now in effect—and Asia is taking the hardest hit | Flipboard
Now CNN — President Donald Trump just ignited a direct showdown with the one nation that might be able to beat the United States in a trade war. Trump’s escalation against China — which is about to face tariffs of at least 104% on goods entering the US — is the most serious pivot yet in his global tariff …
‘Great powers in decline can tend to be very aggressive’
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‘Great powers in decline can tend to be very aggressive’
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The cars all look the same
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How Singapore’s Jenny Lee wants to rethink venture capital
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Elon Musk may not fully understand Tesla’s ‘catfish’ role in the China tank
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Elon Musk may not fully understand Tesla’s ‘catfish’ role in the China tank
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CEOs speak out against Trump assassination attempt-and get trolled
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The rise and stunning fall of Paytm, which once had India’s largest IPO but is now the target of a central bank crackdown that could kill its business | Flipboard
Finance 7 hours ago Federal Reserve cuts interest rate amid inflation concerns cryptopolitan.com - Benson Mawira • 7h In a significant move reflecting the current economic climate, the U.S. Federal Reserve has decided to cut its interest rate, with most economists … Finance 9 hours ago This US politician’s super suspicious trade goes unnoticed finbold.com - Elmaz Sabovic • 9h Due to their appeal, US politicians and their insider trades rarely go unnoticed by the trading community.
Carlos Ghosn, fugitive and EV pioneer, says Apple killed its car project ‘because of value’—not technical problems | Flipboard
9 hours ago During Target’s investor event on Tuesday, the retail giant announced it is launching a paid membership program, Target Circle 360, on April 7 to compete with rivals Amazon and Walmart. The subscription tier includes unlimited free same-day delivery for orders over $35 and two free-day shipping, …
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