Nvidia, AMD to pay US government 15% of advanced chips sale to China
The deal hasn't been officially announced as yet, but highly-placed government officials, requesting anonymity, confirmed that Jensen Huang, Nvidia's chief executive, met with President Trump at the White House on Wednesday and agreed to pay the unprecedented 15 per cent cut to the federal government.
The US government had halted sales of Nvidia's H20 chips to China in April, but the company said last month that it would be allowed to resume sales.
The story was first broken by The Financial Times. Sources told Reuters that the Commerce Department began granting licenses for AI chip sales two days (Friday) after the Trump-Huang meeting.
AMD's MI308 is also in the list of chips that can now be exported to China, after the Trump administration had banned its sales to the country.
The US official told Reuters that the Trump administration did not feel the sale of H20 and equivalent chips was compromising US national security.
An Nvidia spokesperson, without confirming the deal, said in a statement: 'We follow rules the US government sets for our participation in worldwide markets. While we haven't shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide.'
AMD and the US Department of Commerce did not respond to a request for comment on Sunday.
China is a significant market for both companies. Nvidia generated US$17 billion in revenue from China in the fiscal year ending January 26, representing 13 per cent of total sales, while AMD reported US$6.2 billion in China revenue for 2024, accounting for 24 per cent of total revenue.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UAE Moments
34 minutes ago
- UAE Moments
OpenAI Revives GPT-4o After GPT-5 Backlash
OpenAI just brought GPT-4o back after an avalanche of complaints about its shiny new GPT-5. The newer model, hyped as the 'smartest, fastest' yet, didn't land well — users said it felt 'sterile,' 'dry,' and way less friendly. CEO Sam Altman admitted they 'underestimated' how much people valued GPT-4o's personality, even if GPT-5 scores better in performance. Updates to ChatGPT: You can now choose between 'Auto', 'Fast', and 'Thinking' for GPT-5. Most users will want Auto, but the additional control will be useful for some people. Rate limits are now 3,000 messages/week with GPT-5 Thinking, and then extra capacity on GPT-5 Thinking… — Sam Altman (@sama) August 13, 2025 Why GPT-5 Didn't Click GPT-5 uses a real-time router to switch between quick, efficient answers and deeper reasoning. Sounds great on paper, but for many, it lost the charm. Redditors said it was 'emotionally distant' and 'too businesslike,' even after customizing instructions. 'Sure, 5 is fine—if you hate nuance and feeling things,' one user quipped. What's Next For now, GPT-4o stays available for ChatGPT Plus users, but there's no promise it'll be around forever. OpenAI says it will 'watch usage' before deciding. Meanwhile, they're working to make GPT-5 'warmer' and doubling its rate limits for Plus users. The whole saga has reignited talk about how attached people can get to chatbots — and whether chasing 'smarter' AIs means losing the human touch people secretly love.
Arabian Business
44 minutes ago
- Arabian Business
$18bn Perplexity AI makes ambitious $34.5bn offer to buy Google's Chrome
In an audacious bid, artificial intelligence startup Perplexity AI, which is currently valued at US$18 billion, has made an unsolicited offer of US$34.5 billion for Google's Chrome browser. The Wall Street Journal exclusively reported the story on Tuesday, with the company saying that several of its investors, including large venture-capital funds, has agreed to back the transaction in full. Google did not immediately respond to requests for comment from several media outlets. AI startup bids to buy Chrome The offer comes at a time when an antitrust decision is set to be announced against Google's parent company, Alphabet. US District Court Judge Amit Mehta could issue a ruling as early as this week that would force Google to sell its web browser as a way of reducing the company's monopoly in the internet search market. The Perplexity chief executive, Aravind Srinivas, in a letter to Sundar Pichai, chief executive of Google's parent company, Alphabet, said that its offer to buy the Chrome browser was 'designed to satisfy an antitrust remedy in highest public interest by placing Chrome with a capable, independent operator.' WSJ reported that Perplexity offered to Pichai that 'it would maintain and support Chromium, the open-source project that supports Chrome and other browsers. It also said that it would continue placing Google as the default search engine within Chrome, though users could change settings'. Perplexity, which was an acquisition target of Meta earlier this year, is known for its AI-powered search engine that gives users simple answers to questions and links to the original source material on the web. Last month, it launched its own AI-powered browser called Comet. Chrome, which was launched by Google in 2008, has nearly 3.5 billion users worldwide and accounts for more than 60 per cent of the global browser market. The Justice Department brought the case against Google in 2020. It has pushed for the federal court to force Google to sell Chrome browser in a series of remedy proposals after prevailing in its antitrust case against the search giant. The department has argued that forcing Google to divest Chrome and share search results and ads with rivals would create more competition. In testimony earlier this year, Pichai told the judge that forcing the company to sell it or share data with rivals would harm Google's business, deter it from investing in new technology and potentially create security risks.
Khaleej Times
an hour ago
- Khaleej Times
PRYPCO and Ovaluate launch world's first AI-powered instant valuation engine for fractional real estate investments
Revolutionising real estate investment with the power of technology and fractional ownership, PRYPCO, the UAE's pioneering PropTech platform, has partnered with Ovaluate, the world's first and only intelligent, AI-driven Automated Valuation Model (AVM) platform, to launch the first-ever instant valuation engine for fractional real estate. Integrated within PRYPCO Blocks, the Dubai-based real estate fractional ownership platform, regulated by the Dubai Financial Services Authority (DFSA), this pioneering innovation enables investors to access accurate, real-time valuations for both fractional and full ownership properties in 10 seconds. Ovaluate's advanced AVM technology uses real-time data and global valuation standards to generate accurate, transparent, unbiased, and regulator-approved reports. 'Fractional ownership has transformed real estate investing, and trust depends on valuations that are accurate, transparent, and fast. With Ovaluate's AI-driven valuation technology integrated into PRYPCO Blocks, every investor now gets instant, data-backed insights. It's about levelling the playing field, strengthening market transparency, and reinforcing Dubai's leadership in PropTech innovation,' said Amira Sajwani, Founder and CEO of PRYPCO. At a time when transparency and investor trust are more critical than ever, this partnership represents a paradigm shift in how real estate is evaluated, bought, and sold, reinforcing Dubai's position at the forefront of global PropTech innovation. 'Our mission has always been to ensure property valuations are instant, unbiased, and methodologically sound. By partnering with PRYPCO Blocks, we're not just enhancing that standard, we're bringing it into a new era of real estate investment, where technology and transparency empower every investor,' said Omran Yousef, Founder and CEO of Ovaluate. Since its launch, PRYPCO Blocks has made premium, regulated property investment accessible to investors in over 200 countries, starting from just AED 2,000, attracting a rapidly growing community of first-time and next-generation buyers. The integration of Ovaluate now offers these users the same AI valuation tools traditionally reserved for institutional investors, further accelerating PRYPCO's vision to enable real estate freedom for all.
