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News 2026-07-22 18:53 UTC

Bessent Wants Chinese AI Sanctioned, But Jensen Huang Says Distillation Is Learning

Nvidia Corp. (NASDAQ: NVDA ) CEO Jensen Huang says American companies should “absolutely” use Chinese AI models. The White House disagrees: within hours of his comments, it accused Moonshot AI of stealing from Anthropic and accessing export-restricted Nvidia chips to build Kimi K3. The pressure started Tuesday, when Tr

News 2026-07-07 02:16 UTC

Trump Says First 500,000 'Trump Accounts' Are Funded as Economist Warns There Is 'Nothing to Celebrate' as Kids Will Also Inherit the Debt

On Monday, President Donald Trump said the federal government has deposited the first $1,000 into more than 500,000 newly created “Trump Accounts,” launching a program aimed at giving eligible American newborns an early start in investing. Trump Announces First Wave Of Funded ‘Trump Accounts’ Trump announced that the g