TNB Tech Minute: Nvidia and AMD CEOs Rally Behind President Trump's AI Plan - Tech News Briefing
This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.
Speaker 1: Here's your morning TNB Tech Minute for Thursday, July 24th. I'm Ariana Aspuru for The Wall Street Journal. Chief executives of chip giants Nvidia and Advanced Micro Devices have supported President Trump's new AI action plan, which also has been embraced by the broader tech and business community. The plan promises to streamline the development and use of AI and boost exports of American tech, including semiconductors that are essential for AI. At a tech industry event yesterday, Trump took a moment to recognize the Nvidia and AMD CEOs as leaders who are vital to helping America win the AI race. And we are exclusively reporting that Walmart is taking a step back and consolidating its numerous AI agents into four superagents to simplify user experience. In recent months, the company has built dozens of agents, but now the superagents will be for customers, employees, engineers, and sellers/suppliers. The company plans to announce the changes today. The customer-facing agent is already available, with others expected to launch this year and next year. Finally, the South Korean memory chip maker SK Hynix plans to increase spending this year to meet strong demand for its artificial intelligence chips after a record second quarter. The chip maker is the main supplier of high-bandwidth memory products for Nvidia. SK Hynix also plans to mass-produce new chips in the second half of 2025. This could potentially widen its lead over Samsung and Micron Technology. That's it for your TNB Tech Minute. Join us again this afternoon for more.
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