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Trump wanted to break up Nvidia — but then its CEO won him over
The Verge
·
1m ago
Medial
Former President Donald Trump initially considered breaking up Nvidia, the leading tech company in AI chips, after learning about its dominance. However, after discussions and understanding the complexities involved, Trump opted against it. Nvidia CEO Jensen Huang successfully persuaded the Trump administration to allow the sale of certain AI chips to China, despite initial restrictions. This decision boosted Nvidia’s revenue opportunities while the government's antitrust probe seems less imminent under Trump’s stance.
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Wanted to hire him in 2004: Zoho CEO as Sriram Krishnan's named White House's AI advisor
Inshorts
·
8m ago
Medial
Zoho CEO Sridhar Vembu congratulated Indian-American businessman Sriram Krishnan on being named the White House's Senior Policy Advisor on AI. Adding that he came across Sriram's blog in 2004, he said, "I was so impressed I wanted to recruit him but Microsoft already had recruited him." "Thank you Sridhar. You've been an inspiration to [Aarthi Ramamurthy] and me," Sriram replied.
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Donald Trump once offered to sell Truth Social to Elon Musk, report says
Business Insider
·
1y ago
Medial
According to The Washington Post, Donald Trump offered to sell his social media platform, Truth Social, to Elon Musk last summer. Although the talks did not progress further, Trump has reportedly continued to advocate for Musk's involvement in the platform. Trump recently confirmed a meeting with Musk but was unsure if the Tesla CEO would endorse him. Despite having fewer followers on Truth Social compared to other platforms, Trump has consistently used the platform. Truth Social has faced financial challenges since its launch in 2022, with reported losses and delays in its planned merger.
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Trump says would extend TikTok deadline if there is still no deal
Economic Times
·
3m ago
Medial
Former President Donald Trump mentioned a willingness to extend the June 19 deadline for ByteDance, TikTok's parent company, to sell its U.S. assets if a deal isn't reached by then. On NBC's "Meet the Press," Trump expressed a liking for TikTok, noting its role in helping him connect with young voters during the 2024 election. He emphasized the importance of protecting the app while acknowledging its potential influence.
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Trump will be incredible, wish I had done more thinking: Altman
Inshorts
·
7m ago
Medial
OpenAI CEO Sam Altman said his perspective about US President Donald Trump changed after watching him "more carefully recently". "I wish I had done more of my own thinking," he said on X. "I'm not going to agree with him on everything, but I think he will be incredible for the country in many ways!" he added.
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Trump says without TikTok, 'Facebook and Zuckerschmuck will double their business'
Business Insider
·
1y ago
Medial
Former President Donald Trump has expressed concern over the potential ban of TikTok in the US. He believes that eliminating the app could strengthen Facebook and its CEO, Mark Zuckerberg. Trump's comments come after TikTok users launched a campaign against a proposed bill that would ban the app or require its sale to a non-Chinese company. The White House supports the bill, which aligns with Trump's previous stance on TikTok. Trump has a history of feuding with Zuckerberg, calling him a "criminal" and accusing him of interfering in elections.
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It's pretty clear: Elon Musk's play for OpenAI was a desperate bid to save Tesla
Business Insider
·
1y ago
Medial
Elon Musk's aggressive and desperate efforts to save Tesla in 2018 included attempting to take over OpenAI, an artificial-intelligence startup. Musk suggested that OpenAI raise $1 billion, merge with Tesla, and name him CEO. He saw OpenAI as a source of capital but also wanted to keep its technology a secret. OpenAI founders Greg Brockman and Sam Altman were pushed by Musk to raise more money than they felt necessary and merge with Tesla. Now, OpenAI is fighting with Musk, revealing the contentious nature of their earlier interactions. Tesla, meanwhile, faces challenges and a need for support.
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US senators warn Nvidia CEO about upcoming China trip - The Economic Times
Economic Times
·
1m ago
Medial
Two U.S. senators, Jim Banks and Elizabeth Warren, have cautioned Nvidia CEO Jensen Huang against meeting Chinese firms potentially undermining U.S. chip export controls during his China trip. They urged him to avoid companies linked to China's military and intelligence bodies. Nvidia plans cheaper AI chips for China. Concerns persist over Nvidia's role in strengthening China's AI industry and circumventing U.S. controls, amid tensions over advanced AI export regulations.
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Rupee logs biggest weekly gain in more than a year, but underperforms peers
VCCircle
·
7m ago
Medial
The Indian rupee recorded its largest weekly gain in over a year, closing up 0.3% at 86.2050 per U.S. dollar, driven by temporary relief from potential U.S. tariffs under President Trump. Despite this rise, the rupee underperformed compared to other regional currencies like the Korean won and the offshore Chinese yuan. The dollar index fell amidst speculation of a potential trade deal with China. However, concerns over India's current account and outflows persist.
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Donald Trump expected to shift course on antitrust, stop Google breakup
Economic Times
·
9m ago
Medial
Donald Trump is expected to ease the antitrust policies pursued under President Joe Biden, potentially dropping the bid to break up Google's monopoly in online search. Trump's skepticism about breaking up Google shows the power he holds over these cases. The US Department of Justice is currently pursuing antimonopoly cases against Google, Apple, Meta Platforms, and Amazon.com. However, the final ruling on remedies for Google's search case is not expected until August 2025, giving Trump and the DOJ time to change course. Trump is also expected to relax policies that have irritated dealmakers, such as a reluctance to settle with merging companies.
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Bitcoin hits record high, surpasses $75,000 as Trump leads in US exit polls
Economic Times
·
9m ago
Medial
Bitcoin reached a new all-time high of over $75,000 after early US presidential election exit polls indicated a slight lead for Republican candidate Donald Trump. This surpassed its previous high of $73,750 and reflected a positive response from the market. Trump won eight states while Harris secured three states and Washington, D.C., with the election remaining tight. Bitcoin was trading at $75,060, up 8.4%, while Ether also experienced gains, rising 7.2% to $2,576. Trump's perceived support for cryptocurrencies may have contributed to the market's optimism. The dollar index increased 1.25% to 104.72.
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