Trump Administration Scraps Panel With AI Industry Leaders
The Trump administration has cancelled a meeting of a panel that includes Meta's Mark Zuckerberg and Nvidia's Jensen Huang. The news came as technology shares fell sharply on November 5. Investors worried that a new Congress could slow AI development and that heavy AI spending may not pay off.
Context
Context: Nvidia makes the chips used to build many AI systems, and Meta owns Facebook and Instagram. Big tech firms are spending huge sums on AI data centres, so investors are watching closely whether that spending will earn returns.
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