With smugglers and front companies, China is skirting American AI bans: The US is trying to stop China from getting Nvidia microchips to advance its military. The private sector is fighting back. NYT
Who in Silicon Valley is supporting Trump -- and why? Backers concentrated in cryptocurrency community and defense tech sector. Nikkei
Senator calls grow for OpenAI to prove it’s not silencing staff: Following a Washington Post report, bipartisan pressure in Congress emerges for OpenAI to prove it is developing its AI safely. WP
Helen Toner on the OpenAI coup: ‘It was about trust and accountability’: The former board member who (briefly) ousted Sam Altman talks about taking on one of tech’s most powerful CEOs. FT
OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid: Sam Altman’s ChatGPT promises to transform the global economy. But it also poses an enormous threat. Here, a scientist who appeared with Altman before the US Senate on AI safety flags up the danger in AI – and in Altman himself. Gary Marcus
Surging AI power demand boosts utility stocks: Investors have found a cheaper way to play the market’s hot new obsession. FT
Bloomberg: Big Tech’s AI promises become a ‘show me’ story for investors
+ Earnings growth has cooled dramatically for Mag 7 so far
+ Investors balked at heavy spending on AI without results
Bloomberg: Big Tech fails to convince Wall Street that AI is paying off
+ Amazon, Microsoft, Alphabet earnings disappointed investors
+ Amazon projected profits that fell shy of market expectations
The Times: Warren Buffett sells another $50bn of Apple shares
Google hires top start-up team, fueling concerns over Big Tech’s power in AI: The search company’s deal with the start-up Character.ai is similar to recent moves by Microsoft and Amazon that have drawn antitrust scrutiny. WP
The fake Al Michaels is surprisingly good in Olympics highlights: Finally, a use for artificial intelligence that doesn’t stink. WP
Enjoy the ride + plan accordingly.
-Marc
