Good morning!
It is the umpteenth time that US President Trump interferes with American chip makers. Because Producers of AI-Chips Nvidia and AMD are expected to hand over 15 percent of the proceeds from Chinese sales to the United StatesAmerican media report this morning, including The New York Times and the Financial Times. The media speak of a “highly unusual agreement” between companies and the Trump government.
Only a month ago, the US government gave Nvidia permission to deliver his AI chips to China. To sell in China, the chip maker developed a special H20 chip, which is slower than the fastest chip it produces. The company thus expresses their abilities on their way so that China will not overtake the US quickly in the field of artificial intelligence.
But that license has never actually been issued, the American media now write. Only after the CEO of Nvidia Jensen Huang would have negotiated in the White House last Wednesday and had agreed to give up 15 percent of the proceeds from Chinese sales to the US government, would the license be issued for the sale of AI chips in China. That deal would also apply to chip maker AMD, some chips were previously given a sales ban in China.
The granting of export permits in exchange for part of the trade income is “unorthodox,” writes The New York Times. The fact that the US government is in fact ‘trading partner’ of Nvidia’s activities in China fits Trumps’ more and more interventionist role in international business deals with American companies, “the newspaper said.
Continue on this summer Monday morning:
- The Tax authorities annually spends tens of millions of euros on the newly entered tax on crypto coins, while it hardly yields anything. That reported Het Financieele Dagblad yesterday. The Tax Authorities and Crypto companies must hire more staff and adjust IT systems to maintain the evasion of wealth tax through cryptos, but it still appears to be relatively easy for fraudsters to circumvent all those rules.
- Even more AI news: Investors are doing more and more shares of the handbecause connoisseurs say that the services they provide can be replaced by AI. This is reported by the Bloomberg news agency. Investors become more careful due to automation. WebsiteMaker Wix.com and Digital images company Shutterstock were already worth a third less at the stock exchange in this year. Adobe also fell nearly a quarter.