SEPTEMBERASIA BUSINESS OUTLOOK8NEWSROOMCHINA ORDERS FIRMS TO HALT NVIDIA RTX PRO 6000D TESTINGChina's Cyberspace Administration has reportedly instructed local companies, including tech giant Alibaba, to halt the purchase and testing of Nvidia's RTX Pro 6000D chip, according to sources familiar with the matter.The RTX Pro 6000D was designed by Nvidia specifically for AI and workstation applications, in compliance with US export restrictions on advanced semiconductors to China.This directive follows earlier guidance discouraging Chinese companies from using Nvidia's H20 Chips, another product modified to meet US regulatory requirements. While neither measure constitutes a formal ban, they collectively limit Nvidia's market penetration in China, one of the world's largest markets for AI hardware.Key Highlights· China asks firms, including Alibaba, to stop using RTX Pro 6000D· Follows guidance discouraging use of Nvidia's H20 chip· Move seen as limiting US chipmaker's market access in ChinaThe move underscores China's efforts to strengthen domestic semiconductor capabilities and reduce dependence on US technology amid escalating tech and trade tensions. Local AI developers and cloud computing providers may now face delays or disruptions as they seek alternatives, potentially shifting demand toward Chinese GPU suppliers or other global vendors less restricted by US policy.For Nvidia, which already faces a tightening regulatory environment for its high-end AI accelerators like the A100 and H100, this development could impact its ability to sustain growth in the strategically important Chinese market. Analysts suggest this may accelerate Nvidia's efforts to expand in other regions while pushing China to double down on indigenous chip development. EVOLUTEIQ SECURES $53M TO BOOST AI AUTOMATION GROWTHEvoluteIQ, a leading provider of AI-driven enterprise automation platforms, has raised US$53 million in a minority growth funding round led by Baird Capital.The investment will fuel global expansion and significantly enhance the company's R&D capabilities in Bengaluru, its largest development center.Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ helps enterprises streamline operations with its integrated automation platform. The platform enables businesses across banking, insurance, healthcare, telecom, and manufacturing to combine process orchestration, AI, analytics, and workflow automation into a single solution.Key Highlights· EvoluteIQ raises $53M in growth funding led by Baird Capital· Plans to expand globally and scale its Bengaluru R&D team· Board strengthened with Baird Capital's Daina Spedding and Mark DonnellyAs part of the funding deal, Daina Spedding and Mark Donnelly of Baird Capital will join the EvoluteIQ board, bringing strategic guidance as the company scales globally. The funding is expected to help EvoluteIQ tap new markets, strengthen its partner ecosystem, and accelerate innovation in the AI automation space.This growth round highlights the increasing demand for enterprise automation solutions that reduce operational complexity and enhance productivity. With a focus on India as its R&D hub, EvoluteIQ is poised to play a key role in shaping the future of intelligent automation globally.
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