China, Trump
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China, NVIDIA and H20
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President Trump is facing growing pushback on multiple fronts over his administration’s decision to allow Nvidia to sell its H20 chips to China, a move that critics argue could give Beijing a leg up in the race to develop artificial intelligence (AI).
Nvidia, which stands to make billions, pushes back as Democratic senators criticize the Trump administration for letting the company resume the AI GPU sales to China.
Trump to announce investment in AI, energy, threatens 100% tariffs on Russia, food brands could be ripe for deals, and more news to start your day.
Democratic lawmakers expressed “grave concern” to Commerce Secretary Howard Lutnick after the administration approved Nvidia’s exporting chips to China, loosening controls imposed on national security grounds.
The US will now temporarily block restriction on exports of chips and other technology to China, the Financial Times reported. The aim is to help Trump book a meeting with China President Xi Jinping later this year in order to strike a trade deal,
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China appeals for standardization in AI governance days after Trump’s deregulation pushChina’s Premier Li Qiang spoke at the World AI Conference in Shanghai, calling for the establishment of an international institution to guide AI collaboration just days after Washington moved to loosen its industry oversight.
5don MSN
At least $1 billion in Nvidia computer chips were smuggled into China in the three-months span after President Trump imposed export controls on the cutting-edge chips, according to a bombshell report Thursday.
U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.
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