AI 4 March 2026 - 6 March 2026

Nvidia has halted production of its H200 AI chips for China and shifted capacity to its next-generation Vera Rubin platform, the Financial Times reported. The move comes as U.S. officials weigh tighter export controls on AI chips. Nvidia recently disclosed it received licenses to ship only small amounts of H200 chips to China. TSMC declined to comment; Nvidia did not respond to requests for comment.

Oracle is preparing to cut thousands of jobs as it increases spending on AI data centers for clients like OpenAI, Bloomberg reported Thursday. The reductions could begin this month and affect multiple divisions. Oracle declined to comment. Third-quarter results are due March 10.

Microsoft signed an 18-month agreement with Chile’s Codelco to test AI, analytics, automation, and digital security in mining operations. The deal comes as Microsoft faces scrutiny over AI’s power demands and rising infrastructure costs. Codelco aims to boost productivity amid declining ore grades and project delays. Microsoft’s shares fell 10% after January results despite heavy AI investment.

UiPath added Switzerland as a data residency option for its Integration Service and GenAI Activities, storing customer data within Swiss borders. Shares rose 0.2% to $11.07 in U.S. premarket trading Thursday, ahead of results due March 11. The company also updated Automation Cloud license tracking and tightened Document Understanding access controls. UiPath last reported quarterly revenue of $411 million, up 16% year over year.

Oracle signed a White House pledge to cover power costs for new AI data centers, joining Google, Microsoft, and Amazon. The agreement aims to prevent rising household electricity bills as data-center construction accelerates. Oracle will report quarterly results on March 10, with investors focused on cloud spending. The pledge is voluntary and lacks enforcement provisions.

Western Digital says top cloud customers have locked in 2026 purchase orders, with some extending to 2028. The company expects mid- to high-single-digit price-per-terabyte gains next year. CEO Irving Tan cited AI video workloads driving sharply higher storage demand. Shares rose about 4% Wednesday; director Martin I. Cole sold 6,000 shares March 2.

Brand Engagement Network shares rose 23% to $52.30 in premarket trading after announcing a live guest trial of its AI concierge at Seven Visions Resort & Places, The Dvin in Yerevan, Armenia. The system routes guest requests for room service, housekeeping, and bookings directly to hotel staff. The rollout covers select rooms and uses QR codes and messaging. The company’s market value is about $249 million.

Lin Junyang, head of Alibaba’s Qwen AI division, said he is stepping down, marking the third senior departure from the team this year. Alibaba shares fell about 4% in Hong Kong trading on Wednesday. The company has released over 400 Qwen models since 2023, downloaded more than 1 billion times, according to Chinese media. The reasons for Lin’s exit were not disclosed.