Senator Elizabeth Warren requested an explanation from the US Commerce Department regarding policy shifts granting the UAE greater access to AI chips following investments in the Trump-backed cryptocurrency venture World Liberty Financial.
U.S. Commerce Secretary Howard Lutnick emphasized tangible results for shipbuilding cooperation with South Korea, pledging to remove regulatory barriers for Korean firms investing $150 billion in the U.S. sector, aligning with President Trump's results-based model.
Anthropic has restored access to its Fable AI model after a two-week halt due to US government concerns over potential cyber-attack abuse. Export controls were lifted following collaboration with the Commerce Department to enhance safeguards, with the government now working closely with AI companies on security protocols.
US Commerce Secretary Howard Lutnick has reportedly raised concerns with ASML executives about the potential presence of the Dutch chipmaker's advanced EUV lithography machines in China, a move that would violate US export controls. ASML denies any such machines are in China, while the US Commerce Department claims to have evidence but has not shared it. The situation highlights ASML's critical role in AI chip production and the geopolitical implications of advanced technology.
US Commerce Secretary Howard Lutnick has expressed concerns to ASML executives that the Dutch chipmaker's advanced EUV lithography machines may have been sent to China, a potential breach of export controls. ASML denies this, stating no such machine exists in China, while the US Commerce Department claims to have evidence but has not shared it.
The US Commerce Secretary has warned ASML that one of its advanced EUV chipmaking machines may have been shipped to China, a move that would violate export controls. ASML denies any such shipment, stating they track all machines and have internal firewalls to prevent China-based staff from accessing EUV technology.
U.S. Commerce Secretary Howard Lutnick has reportedly told ASML executives he fears the Dutch chipmaker's advanced EUV lithography machines may have been sent to China, a potential breach of export controls. ASML denies this, stating no such machine exists in China, while U.S. officials claim to have evidence but have not shared it.
Cybersecurity experts and tech CEOs are protesting the Trump administration's restrictions on Anthropic's advanced AI models, Fable 5 and Mythos 5. They argue the move disarms defenders against malicious hackers and hinders efforts to protect digital infrastructure, while not uniquely addressing AI risks.
Senators Elizabeth Warren and Andy Kim criticized the Trump administration for potentially allowing advanced AI chips to be exported to overseas units of Chinese firms, urging Commerce Secretary Howard Lutnick to testify before Congress.
Commerce Secretary Howard Lutnick donated $5 million to a GOP super PAC weeks before being interviewed by the House Oversight Committee about his past interactions with Jeffrey Epstein. Lutnick denies wrongdoing and stated he barely knew Epstein.
House Democrats demand Commerce Secretary Howard Lutnick's resignation, alleging he lied about his relationship with Jeffrey Epstein, a convicted sex offender, and failed to be candid during a closed-door interview.
Commerce Secretary Howard Lutnick recanted his claim that Jeffrey Epstein engaged in blackmail, stating it was mere speculation during a House Oversight Committee interview, amid scrutiny over his interactions with Epstein despite initial reservations.
Commerce Secretary Howard Lutnick faced House lawmakers over past interactions with Jeffrey Epstein, revising blackmail claims to speculation and downplaying meetings, prompting Democratic criticism and resignation calls.
US Commerce Secretary Howard Lutnick and billionaire Ted Waitt testified about their interactions with late sex offender Jeffrey Epstein and his co-conspirator Ghislaine Maxwell, revealing unsettling encounters and relationships that have led to bipartisan calls for Lutnick's resignation.
Sen. Chris Coons pressed Commerce Secretary Howard Lutnick about Nvidia's H200 AI chip exports to China, citing contradictory statements. Lutnick said the US has not sold any H200 chips to Chinese companies, while Nvidia CEO Jensen Huang claimed in March that approvals were obtained from both governments. Coons expressed deep concern about national security risks and requested detailed information on licensed and shipped chips within a week.
Senators Elizabeth Warren and Ron Wyden are seeking information from Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino regarding a reported loan from Tether to a trust benefiting Lutnick's children, citing potential conflicts of interest.
Commerce Secretary Howard Lutnick testified Thursday that only one person has been approved for Trump's $1 million gold card visa program, appearing to contradict his earlier claim of $1.3 billion in sales shortly after the December launch. The program, meant to replace the EB-5 investor visa, requires applicants to pay $1 million plus a $15,000 vetting fee, with corporations able to sponsor foreign employees for $2 million plus annual fees. Lutnick previously said the program would raise $1 trillion to help balance the budget, while the U.S. debt stands at $31.3 trillion with a $2 trillion annual deficit.
Commerce Secretary Howard Lutnick testified Thursday that only one person has been approved for Trump's gold card visa program, despite his earlier claim in December that the government had sold US$1.3 billion worth within days of launch. The $1 million visa is meant to replace the EB-5 investor program and attract wealthy foreigners, though hundreds remain in the queue.
The Trump administration's Gold Card visa programme has approved only one applicant so far, Commerce Secretary Howard Lutnick told a US House committee on Thursday. The programme offers US residency in exchange for a $1 million fee plus a $15,000 processing charge. Hundreds of applications are under review, with all candidates required to undergo 'extraordinary vetting'. The programme began accepting applications in December.
US Commerce Secretary Howard Lutnick sought to quell fears in Senate testimony on Wednesday that American technology was aiding China’s military, but drew scepticism given the US president’s willingness to sell advanced semiconductors. Lutnick asserted before the powerful Senate Appropriations Committee that US President Donald Trump was striking a “delicate balance” on the technology transfer issue given his cordial personal relationship with Chinese leader Xi Jinping, claiming that China has...
