Big quote: Jensen Huang just spent a week watching his company's valuation get hit by the threat of a Chinese open-weight model. His response was to go on the record defending it. Speaking to Axios in Fort Worth, Texas, at the opening of a new phase of the Wistron plant that builds Nvidia's AI infrastructure, the Nvidia CEO said American companies should "absolutely" be free to run Chinese models. "These Chinese models are excellent," he said. "Open-source models that are excellent should be used." Asked whether China could displace American labs, he was blunt: "Zero possibility."
A Senate briefing, a jailbreak, a rushed export ban, and a rare Five Eyes alarm
Why it matters: Ten days ago, Anthropic was happy to announce its most advanced AI model was going public. Today, almost nobody can use it. On June 12, the Trump administration directed the company to restrict Fable 5 and Mythos 5 to US citizens only – unable to verify nationality at scale, Anthropic's only option was a full global shutdown, cutting off allies, researchers, and its own foreign-national employees with 90 minutes' notice. It's the first time the US government has applied export controls to an AI model, and the consequences are still unfolding.
Intel could gain a major foundry customer as Apple looks to reduce its reliance on TSMC
What just happened? President Trump says that Apple has agreed to work with Intel to design and build its chips in America. In a Truth Social post, Trump complained that "Stupid Presidents" had "let Taiwan and others steal our Semiconductor Factories."
Many projects cannot source enough energy or crucial electrical components
Cutting corners: American AI companies are racing to build as many data centers as they can, but limits in domestic manufacturing and energy supply are slowing progress. As a result, only about half of recent projects are meeting completion targets, and it remains unclear how many more will stay on schedule this year.