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Commerce Secretary Howard Lutnick on allowing Nvidia chip sales to China
CNBC Television· 2025-07-15 21:00
I'm looking at Nvidia getting a deal to be allowed to sell certain chips and do more business into China that's coming from this administration. Is that a change of heart. Well, it's funny because the Biden administration allowed China to buy these chips last year.So then we held it up and then in the magnets deal with the Chinese, we told them that we would start to resell them. So remember these are an older chip. Biden had had them available and we rethought it.But now that Nvidia came out with their new ...
White House AI and crypto czar on efforts to win the global AI race
CNBC Television· 2025-07-15 17:30
So, President Trump assigned us this mission of winning the AI race. And there's really three ways that I think we do that. Number one is innovation.We have to out compete our global adversaries. There's just no substitute for innovation. You can't regulate your w your way to winning the AI race.And in the United States, the innovation is done by the private sector. So, it's really the job of government to enable the private sector and get the red tape out of the way. And you're seeing that with respect to ...
David Sacks on Nvidia Chips to China, US Tech Stack
Bloomberg Technology· 2025-07-15 17:03
The focus is on video and AMD's ability to now sell in a limited way chips back into the Chinese market. Just your reaction generally to that. Well, we still have a policy of not selling our state of the art advanced semiconductors to China.And the H-20 is not that. It's a heavily deprecated chip, and that's why the Biden administration allowed the sale of the H-20 to China. And this is a continuation of that policy in the larger rubric of the trade negotiations that Secretary Bessant was talking to you abo ...
We want American technology to be the golden standard, says White House crypto czar David Sacks
CNBC Television· 2025-07-15 15:41
Welcome back. The Pennsylvania Energy and Innovation Summit getting underway in Pittsburgh this morning. Pennsylvania Senator Dave McCormack and the Trump administration highlighting billions of dollars worth of investments in the state focused on AI and energy.Joining us now from the summit is White House AI and Cryptozar David Saxs. It's good to see you. I know you just spoke on a panel about how we win the AI race.So, so tell us a little bit about how we do that and whether it's happening. Sure, Sarah. G ...