Bessent Says Nvidia, AMD Deals Could Be a 'Model' | Bloomberg Tech 8/13/2025

In a recent interview, U.S. Treasury Secretary Scott Bessent suggested that the deal allowing Nvidia and AMD to sell some AI chips to China could serve as a "model" for future agreements. The comment comes amid growing tensions between the U.S. and China over technology and trade. Tencent, the Chinese tech giant, reported better-than-expected revenue, driven in part by its investments in artificial intelligence (AI) technology. The company outlined plans to further expand its AI capabilities. Additionally, CoreWeave, a U.S.-based cloud computing company, discussed its strategy to scale its operations to meet the increasing demand for AI-powered services. The CEO, Michael Intrator, highlighted the company's efforts to keep up with the rapidly evolving AI landscape. The article provides insights into the evolving dynamics between the U.S. and China in the technology sector, as well as the growing importance of AI for major tech companies and cloud computing providers.