Chip Diplomacy
According to Reuters, “China wants US to relax AI chip-export controls for trade deal, FT reports”, Beijing is pressing to ease export-controls on high-bandwidth memory (HBM) chips ahead of a possible Trump‑Xi summit, a development that could recalibrate global AI supply chains and security calculations. [Reuters]
Market Access Deal
According to Reuters, “Nvidia, AMD to pay 15% of China chip sale revenues to US, FT reports”, the chipmakers reportedly agreed to a *15%* revenue share as a condition for export licences, an unprecedented mix of trade policy and industrial strategy that may compress margins while restoring access to China’s vast AI market. [Reuters]
AI Breakthrough
According to Reuters, “OpenAI launches GPT-5 as the AI industry seeks a return on investment”, OpenAI released *GPT-5* with stronger coding, reasoning and enterprise features, intensifying competition and prompting fresh questions about deployment, safety guardrails, and commercialisation across cloud and software providers. [Reuters]
Chipmakers’ Revenue-Sharing Deal
According to the Financial Times, “Nvidia and AMD to pay portion of China chip sale revenues to US government” after winning export licences; both firms will reportedly hand 15% of China chip sales to Washington, a major development for semiconductors as geopolitics reshapes market access. [ft.com]
Inflation Test for Markets
According to Barron’s, “Stock Futures Edge Higher as Inflation Report Looms”, Wall Street braces for the July CPI report due Aug. 12, 2025; traders warn the rally could be jolted if inflation surprises higher. [barrons.com]
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