At least $1 billion in NVIDIA AI chips smuggled into China
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"We believe we're in an AI race, and we want the United States to win that race," Trump administration crypto tsar David Sacks told reporters. The AI plan promises to build data centre infrastructure while also eradicating "ideological bias", but critics said it was a giveaway to Big Tech.
Foxconn is developing Nvidia's next-generation Vera Rubin server architecture and securing custom chip orders from cloud providers, reinforcing its market-leading position as artificial intelligence infrastructure spending continues despite mixed industry sentiment.
The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.
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Cryptopolitan on MSNDeepSeek in the spotlight as U.S.-China AI rivalry heats up
DeepSeek and Trump’s AI plan grabbed attention at China’s biggest AI forum, showing the growing tech rivalry between the U.S. and China.
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White House to unveil plan to push US AI abroad, crack down on restrictive rules, document shows
Despite the focus on expansion, the plan does mention the importance of "defending against misuse and preparing for future AI-related risks."
Nvidia is now the first company to surge past $4 trillion in market capitalization, rebounding from its DeepSeek-induced slump earlier this year. Other AI chipmakers, including AMD and China’s Huawei, are reporting strong financial results. Nearly every major chipmaker is now centering its strategy on AI. But what if AI doesn’t work out?
The blueprint seeks to make American technology the foundation for AI worldwide while enacting security measures to keep adversaries like China from gaining an edge.
Trump’s AI Action Plan outlines a deregulatory strategy to boost U.S. tech leadership through innovation, infrastructure, and global AI diplomacy.