Chip Export Deal
According to Financial Times, “Trump to consider allowing Nvidia sales of advanced AI chips to China”, the White House approved terms that reportedly force Nvidia and AMD to remit a 15% REVENUE‑SHARE of China chip sales to the U.S. government for export licences, a move that markets hailed but critics warn could set a troubling precedent for export controls. [Financial Times]
White House and Intel
According to Reuters, “Trump holds high-stakes meeting with Intel CEO after calling his resignation”, President Trump met Intel’s Lip‑Bu Tan to scrutinize past Chinese ties and seek assurances, framing the exchange as a NATIONAL‑SECURITY review that underscores heightened political involvement in semiconductor leadership and corporate governance. [Reuters]
AI Platform Launch
According to TechCrunch, “OpenAI’s GPT-5 is here”, OpenAI unveiled GPT‑5 with broader multimodal inputs, a real‑time router and deeper reasoning; GPT‑5 is being pitched as a platform leap that accelerates enterprise adoption while reigniting debates over safety, benchmarks and real‑world gains versus hype. [TechCrunch]
Markets brace for CPI
According to AP, “US stocks slip as Wall Street braces for an update on inflation” as investors trimmed positions ahead of July’s CPI report, leaving major indexes modestly lower and putting inflation front and center for Fed policy. [AP News]
Tariff pause eases markets
According to Investor’s Business Daily, “Stock Market Today: Dow, Nasdaq Fall, Set Aside Trump-China Tariff Move; Tesla Clears Entry But This AI Stock Craters” as a 90-day pause on new China tariffs eased immediate trade fears, though tariffs remain a key market risk. [Investor’s Business Daily]
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