President Trump Delivers Remarks From The White House On Investing In America

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Trump snubs Jensen Huang for his trip to China

Nvidia CEO Jensen Huang regularly appeared at formal White House functions and trips overseas with Trump. Nvidia is eager to sell its H200 chips to China.

Jon Keegan

5/12/26 11:27AM

Nvidia CEO Jensen Huang did everything that President Trump asked him to do: he popped in to Mar-a-Lago on several occasions, he flew to the UK and donned a formal tux at a royal banquet with King Charles, he joined Trump’s elite tech council, and he appeared at events with Trump in Saudi Arabia and South Korea.

This week, Trump will travel to China for a high-stakes meeting flanked by Tesla’s Elon Musk, outgoing Apple’s CEO Tim Cook, Meta President Dina Powell McCormick, and a bevy of other tech executives. But Huang will not be making the trip.

Huang told CNBC last week that it would be a “great honor” to make the trip to China with Trump, but Reuters reports that Huang was not invited, citing a source that said the White House is “focusing more on agriculture and commercial aviation matters” on this trip.

Nvidia has a lot riding on China as a potential market for its advanced H200 GPUs. After lots of back-and-forth over the past year, the Trump administration finally announced an unusual licensing scheme to allow limited sales of the chips (and similar offerings from peers like Advanced Micro Devices) to approved buyers in China — with the government getting a 25% cut of all sales.

Nvidia was said to have been ramping up production of the chips in anticipation of the new market, estimated to be worth $54 billion, but Chinese officials have blocked the import of the H200s, leaving the chip designer in the lurch despite strong demand from Chinese AI companies. The Financial Times reported that Nvidia recently told partner TSMC to halt production of the H200 upon China sales uncertainty (though it said it had ample supply), in favor of its most advanced Vera Rubin chips.

China, like other countries, is eager to boost its own domestic AI industry. Its technology is beginning to close the gap with competitive AI models like DeepSeek, Qwen, and new data centers full of Alibaba’s own Zhenwu chips.

On Nvidia’s last earnings call, CFO Colette Kress said the company was not certain it would be able to sell any H200s in China.

Nvidia reports its first-quarter FY2027 earnings on May 20.

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Prediction markets have, predictably, been given a boost by the summer of sports

Major platforms like Kalshi and Polymarket have seen huge upticks in users of late, thanks in no small part to what’s felt like a recent sporting smorgasbord, with major competitions across hockey, basketball, and soccer soaking up fans’ time (and spending, clearly) at the outset of summer.

While gaming industry groups may not like it, there’s been a huge change in the methods people are using to put money on the big games, with everyone from fortunate NYC bar owners, to a far less fortunate Spanish supporter, turning to prediction markets to try and turn their sports know-how into cold, hard cash.

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

2026 World Cup Reverses Seasonal Lull for Sports Betting Apps

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

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Britain announces social media ban for under-16s starting early 2027

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Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals

Only days after releasing two versions of its next-gen AI model, Anthropic has disabled them for users worldwide.

Anthropic says it received a Friday night order from the Trump administration to suspend access to the models for any foreign national (anywhere in the world) — a group that included some Anthropic employees. In response, the company turned off access to everyone.

Last week, the company released to the public its much-anticipated Claude Fable 5 model (and its restricted version Claude Mythos 5, which is still being tested with trusted partners). Anthropic said in a blog post announcing the action that officials cited national security concerns with the new models, while offering few specific details.

The post said that the government gave the company “verbal evidence of a potential narrow, non-universal jailbreak” of the public Fable 5 model. A jailbreak is a means by which users can evade restrictions built into the code to unlock prohibited functionality. Anthropic downplayed the significance of the attack, and said other major models, such as OpenAI’s GPT-5.5, could also be affected by the technique described.

Fears of these first Mythos-class models being misused are running high, after Anthropic warned the cybersecurity world in May that the advanced cyber capabilities of Mythos have rapidly discovered thousands of vulnerabilities in ubiquitous software, leading to the decision to restrict the full version of the model to a close group of trusted partners for testing.

This morning, Axios reported that Anthropic technical staff have flown to Washington to meet with White House officials to resolve the issue.

The Wall Street Journal is reporting that the Trump administration’s decision to take action against Anthropic was prompted by discussions that Amazon CEO Andy Jassy had with officials, including Treasury Secretary Scott Bessent. According to the report, Amazon researchers said they had been able to evade some of Fable 5’s security restrictions using specific prompts. Amazon is a major investor in Anthropic.

Anthropic is currently suing the US government to fight the Pentagon’s blacklisting of the company on national security grounds.

Statement on the US government directive to suspend access to Fable 5 and Mythos 5