Tools & Platforms

AMD and NVIDIA to Share 15% of China AI Chip Revenues with U.S. Government Under New Licensing Deal

Published

3 weeks ago

August 12, 2025

Nvidia and AMD have agreed to pay the U.S. government 15% of revenue from sales of their high-end AI chips to China in return for licenses to sell in the country, according to the Financial Times. The arrangement covers Nvidia’s H20 AI chips and AMD’s MI308 chips, with licenses now being issued for both.

The deal follows shifting U.S. export control policies that initially restricted AI chip sales to China but later paused bans amid trade discussions and Nvidia’s pledge to invest heavily in U.S. data centers. While the Biden administration’s approval has faced national security criticism, the move underscores the complex intersection of AI technology, global trade, and geopolitical competition.

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Published

1 hour ago

August 30, 2025

The Editors

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iShares Future AI & Tech ETF (NYSEARCA:ARTY) Surges 27.6% in 2025 — Is It a Buy?

Published

2 hours ago

August 30, 2025

The Editors

ARTY delivers strong tech exposure with 83% allocation to AI leaders, but volatility and valuations test investor conviction | That’s TradingNEWS

TradingNEWS Archive
8/30/2025 8:54:36 PM

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Emperor Musk’s AI Clothes – Will Lockett’s Newsletter

Published

3 hours ago

August 30, 2025

Will Lockett

Musk has been parading around in his AI clothes for a while now. With the amount he screams and shouts about AI, you’d think he invented it. Of course, like everything else Musk peddles, he had nothing to do with its invention or development, except for underpaying and overworking his engineers and being an awful, overpromising PR man. However, people aren’t just noticing that Musk’s clothes are non-existent — they are also starting to point and laugh at his skid marks and the “I Love the Nazi Man” tattoo down his back. Why? Because he just can’t seem to get his AI up and working. And there is no little blue pill to remedy this situation.

Take, for example, Tesla’s hilariously crap Robotaxi rollout. The media at large is only just cottoning on to it being a huge PR stunt.

I have gone on ad nauseam about why Tesla’s self-driving cars are completely inadequate, so if you want to know the details, read my previous article here. But the helicopter view is that, unlike other autonomous vehicles, Tesla’s system has zero redundancy or safety nets and requires a nearly 100% accurate AI — which categorically can’t exist — to be even remotely safe.

Tesla is painfully aware of this fatal flaw, with Tesla engineers whistleblowing their concerns about it to the media (read more here) and the DOJ opening an investigation (read more here). So I, along with countless other commentators, was pretty damn relieved to find out that Tesla’s Robotaxis had safety drivers. There was even mention of remote workers being able to take control of the car and drive it safely in the case of a critical disengagement.

But this kind of system isn’t impressive enough for Musk. Any Uber or Lyft driver with a Tesla who wastes their money on FSD can do the exact same thing. There is no social or investor kudos to be gained for Tesla or Musk here. And here is a hint: Musk doesn’t make money from Tesla sales. After all, his $50 billion pay packet (which is now less, thanks to Musk tanking Tesla’s valuation) was the equivalent of him getting $10,000 for every Tesla ever sold! Tesla makes substantially less profit from every car sold than that.

So, what do you do if you have bet your entire company’s valuation on autonomous technology that you simply can’t deliver on?

Fudge it.

Tesla put the safety driver in the passenger seat! Because, look, it’s a self-driving car — there is no one in the driver’s seat!

This is a dangerous move that offers no benefit other than optics.

Rather than being able to properly take over the car and drive it to safety, the only thing these safety drivers could do was press a button to bring the vehicle to a stop. Which, as anyone with a driving licence will tell you, is not always the safest option! Particularly when you consider that Robotaxis have been spotted driving into lanes of oncoming traffic.

Yet, this bafflingly shite decision wasn’t really reported on. Or at least it wasn’t until a video surfaced a few days ago that showed FSD failing and a safety driver being forced to exit the vehicle in the middle of traffic to take the driver’s seat and regain control. (watch it here).

This shows just how wildly dangerous Tesla’s Robotaxis are.

The safety driver had to take a serious risk to take control of the car. Not only that, but this incident suggests there are no remote operatives capable of taking over when things go wrong. That has been a core safety feature of all developing self-driving ride-hailing services, such as Waymo and Cruise, since day one and is routinely used to keep passengers safe. The fact that this is absent for Robotaxis, which Tesla already know have a far, far higher critical disengagement rate than any other self-driving ride-hailing service, could easily be seen as insanely negligent.

Musk is comfortable putting other people — not just the safety driver, but paying passengers and the public — in danger, all for a crappy PR stunt to cover up how bad his self-driving system actually is. And the media at large, as well as public consensus, are beginning to catch up to this horrifying fact.

However, Musk’s AI woes go far, far deeper than that.

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