"We must not allow US companies to sell these vital artificial intelligence (AI) assets to Chinese entities," Representative John Moolenaar stated in a letter to Commerce Secretary Howard Lutnick. He emphasized the potential advancement of Chinese AI and military interests through exports of Nvidia H20 GPUs.
The steady drip of revelations about Chinese attacks on US critical infrastructure, businesses, government IT systems, contractors, and perhaps even courts has done little to calm matters. The ongoing threat underscores serious vulnerabilities and necessitates robust protective measures for sensitive data.
Instead, that's the exact opposite of what happened. Just a day after Lutnick announced a deal had been signed, news broke that Trump is on the cusp of signing executive actions which would dramatically escalate the so-called "AI arms race" with China.
Gold's price correction, after nearing $3,400/oz, reflects shifting market sentiment amid easing trade war fears between the U.S. and China, indicating a technical adjustment.