▲ 120 ▼ U.S. Government to Take Cut of Nvidia and AMD A.I. Chip Sales to China (www.nytimes.com) submitted 1 year ago by zero@fek.xyz to c/technology@lemmy.world 11 comments fedilink hide all child comments In a highly unusual arrangement with President Trump, the companies are expected to kick 15 percent of what they make in China to the U.S. government.
[–] FerretyFever0@fedia.io 4 points 1 year ago (2 children) That is pretty unusual now that I think about it... permalink fedilink source parent hideshow 2 child comments replies: [–] zero@fek.xyz [S] 7 points 1 year ago* (1 child) On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government its 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said. Sounds very unusual, so Nvidia is giving a kickback to the White House? No matter how I look at it, I can't see how this isn't a conflict of interest. I'm quite certain that someone will say the 15% kickback will be used in R&D etc to stay ahead the competitors but where do you draw the line between revenues and national interest? permalink fedilink source parent hideshow 1 child comment replies: [–] Wispy2891@lemmy.world 5 points 1 year ago How the government can use the bribe for R&D? At most can get a "mom: we have deepseek at home" meme model permalink fedilink source parent
[–] zero@fek.xyz [S] 7 points 1 year ago* (1 child) On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government its 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said. Sounds very unusual, so Nvidia is giving a kickback to the White House? No matter how I look at it, I can't see how this isn't a conflict of interest. I'm quite certain that someone will say the 15% kickback will be used in R&D etc to stay ahead the competitors but where do you draw the line between revenues and national interest? permalink fedilink source parent hideshow 1 child comment replies: [–] Wispy2891@lemmy.world 5 points 1 year ago How the government can use the bribe for R&D? At most can get a "mom: we have deepseek at home" meme model permalink fedilink source parent
[–] Wispy2891@lemmy.world 5 points 1 year ago How the government can use the bribe for R&D? At most can get a "mom: we have deepseek at home" meme model permalink fedilink source parent