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“This industrial policy of taxing a specific company to have the right granted by the government to ship product to a specific country that, for lack of better words, is a little funky chicken.” CNN contributor Kevin O’Leary reacts to the reported plan that Nvidia and AMD will pay the US government 15% of the revenue of chips exported to China. The payments would be in exchange for export licenses, an unprecedented quid pro quo arrangement aimed at solidifying America’s AI business dominance while maintaining trade ties with China #CNN #News
