The president said that Nvidia would pay the government in exchange for easing export restrictions — and that he'd initially asked for a larger cut.

The US has sought to maintain its sovereignty in AI, citing national security concerns and financial motivations.

Authorities have sent notices to a range of firms discouraging use of the less-advanced semiconductors, with the guidance taking a particularly strong stance against the use of Nvidia's H20s for any government or national security-related work by state enterprises or private companies,