David Sacks says Trump's AI EO aims to ease companies' compliance burden and that the administration is working with Congress on a common AI oversight standard (Bloomberg)

Broadcom's shares have significantly declined following a disappointing sales outlook that failed to meet investor expectations, mirroring a similar trend seen with Oracle's recent struggles in the AI sector. This downturn comes despite Broadcom reporting record revenue growth, highlighting investor concerns about future profitability.

China has decided to reject the purchase of Nvidia's H200 AI chips, as stated by David Sacks, who claims the country aims for semiconductor independence and intends to support Huawei. This decision comes amid U.S. efforts to facilitate Nvidia's sales to China, which were previously restricted due to national security concerns.

China has decided to reject the purchase of Nvidia's H200 AI chips, opting instead for domestically produced semiconductors. This decision comes as the U.S. has attempted to facilitate Nvidia's sales to China, which were previously restricted due to national security concerns, as noted by White House AI czar David Sacks.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new digital laws, including deceptive practices related to verification badges. This fine has sparked a confrontation between Musk and European regulators, reflecting ongoing tensions in the tech industry regarding compliance with stringent regulations.

President Donald Trump signed an executive order aimed at preventing state-level regulations on artificial intelligence (AI) through legal actions and funding cuts, a move that has been welcomed by technology industry leaders advocating for a unified regulatory approach. David Sacks, the White House AI and Crypto Czar, discussed the implications of this order on Bloomberg Tech.

Former President Donald Trump signed an executive order aimed at establishing a unified national framework for artificial intelligence (AI), intending to block state-level regulations that he argues create confusion for startups. Critics warn that this move could lead to legal challenges and prolonged uncertainty for emerging tech companies as Congress debates federal regulations.

On December 12, 2025, President Donald Trump signed an executive order that threatens to cut federal funding to states whose artificial intelligence (AI) regulations hinder innovation. This move is part of an effort to establish a unified federal framework for AI oversight, which the administration argues is necessary to prevent state-level regulations from stifling technological advancement.

Donald Trump signed an executive order aimed at preventing states from regulating artificial intelligence (AI), establishing a federal taskforce to challenge state laws on the technology. The order reflects the administration's intent to create a unified regulatory framework for AI, which the president argues is essential for fostering innovation and investment in the sector.