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Jon Keegan3/25/25

Nvidia and other chipmakers push to stop impending “AI diffusion” rule

Unless the White House acts, a strict rule regulating the global spread of American AI technology will take effect on May 15.

Going above and beyond current export controls covering the most advanced AI hardware, the “AI diffusion” rule places countries into one of three tiers based on their geopolitical alignment in relation to the US:

- Tier 1 includes America’s closest allies: Canada, most of western Europe, Japan, Taiwan, and Australia. These countries face few restrictions on American AI technology. But the other tiers face caps on computing power exports and outright bans, depending on the country.

- Tier 2 includes India, Mexico, much of the Middle East, and most of South America. These countries would need to comply with tight US security regulations for any AI projects using American AI technology.

- Tier 3 contains US adversaries China and Russia. No chips or AI for you!

Bloomberg reports that AI chipmakers and world leaders are pushing the Trump administration to make changes to the rule before it takes effect. Companies want to shift away from formal government approval to a self-reporting mechanism for compliance.

Nvidia and Oracle both want the Trump administration to kill the rule outright, which is unlikely, according to the report.

The rule was put in place in the last weeks of the Biden administration.

Tech Chiefs, Foreign Leaders Urge Trump to Rethink AI Chip Curbs

Tech Chiefs, Foreign Leaders Urge Trump to Rethink AI Chip Curbs

- Tier 1 includes America’s closest allies: Canada, most of western Europe, Japan, Taiwan, and Australia. These countries face few restrictions on American AI technology. But the other tiers face caps on computing power exports and outright bans, depending on the country.

- Tier 2 includes India, Mexico, much of the Middle East, and most of South America. These countries would need to comply with tight US security regulations for any AI projects using American AI technology.

- Tier 3 contains US adversaries China and Russia. No chips or AI for you!

Bloomberg reports that AI chipmakers and world leaders are pushing the Trump administration to make changes to the rule before it takes effect. Companies want to shift away from formal government approval to a self-reporting mechanism for compliance.

Nvidia and Oracle both want the Trump administration to kill the rule outright, which is unlikely, according to the report.

The rule was put in place in the last weeks of the Biden administration.

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Trump’s deal offering top Nvidia chips to China was nixed at last minute, the WSJ reports

Nvidia’s CEO, Jensen Huang, really wants to sell the chipmaker’s most powerful Blackwell GPUs to China. He almost had his way.

According to a report from The Wall Street Journal, President Trump was ready to put Blackwell chips on the negotiating table for his meeting with Chinese President Xi to seek relief from China’s decision to block crucial rare earth exports to the US.

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

Traders are getting more and more pessimistic about the government shutdown ending any time soon

The market expects the shutdown to last well into November.

The Capitol Building in Washington DC

OpenAI’s internal Slack messages could cost it billions in copyright suit

Authors and publishers suing OpenAI over copyright infringement were granted access to internal OpenAI communications about the deletion of a pirated books dataset, and now want to review attorney communications.

Frightened Man

US corporate spending on private flights for executives has ballooned in recent years

The median expense spent by America’s largest companies on air travel jumped 66% from 2020 to 2024.

1990s Business man private jet

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Claire Yubin Oh10/1/25

OK, so when was the longest shutdown in US history?

The US government officially shut down at 12:01 a.m. on Wednesday after senators failed to agree on a last-minute funding bill. Though initially shrugging off the threat of a shutdown during yesterday’s session, stocks were mildly in the red on Wednesday as investors reacted to what is now the 11th shutdown in the government’s history.

Until this latest shutdown, there had been 20 government funding gaps experienced since 1976 — though not all ended in a full shutdown, with full closure averted in half of those cases.

Indeed, prior to the 1980s, funding gaps didn’t typically have major effects on government operations, with agencies continuing to operate on the basis that the funding would come eventually. However, a more stringent interpretation of the rules led to a stricter appropriations process from the early 1980s onward, with many subsequent funding gaps resulting in a shutdown of affected agencies (unless the gaps were quickly fixed or occurred over a weekend).

Obviously, the duration of the latest shutdown is still unclear, but it will continue until Congress passes a funding bill — most likely via a “continuing resolution,” which has ended every shutdown since 1990. Data analyzed by USAFacts suggest that it might not be a one- or two-day affair, as funding gaps have lengthened in recent years.

Government shutdown patterns — Sherwood News

Indeed, the last shutdown, which began in December 2018, ended up becoming the longest in history, at a whopping 34 days. By the time the government reopened in January 2019, about $3 billion (in 2019 dollars) had been wiped from the GDP in Q4, per data from the Congressional Budget Office, with approximately $18 billion in “federal discretionary spending” delayed over the roughly five-week stretch.

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