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I want Elon to thrive: Trump denies cutting Musk's subsidies, weeks after ‘DOGE' jibe

Indian Express

25 minutes ago

Indian Express

I want Elon to thrive: Trump denies cutting Musk's subsidies, weeks after ‘DOGE' jibe

Weeks after suggesting the Department of Government Efficiency (DOGE) turned against billionaire Elon Musk's companies, US President Donald Trump on Thursday dismissed rumours that he intends to cut federal subsidies to the tech mogul's companies. 'Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the US Government. This is not so!' Trump posted on Truth Social. He stated that his priority is for American businesses to flourish: 'I want Elon, and all businesses within our country, to THRIVE, in fact, THRIVE like never before!' Trump added that the country's economic momentum is strong and should be preserved. 'The better they do, the better the USA does, and that's good for all of us. We are setting records every day, and I want to keep it that way!' This comes after Trump suggestion that DOGE, the cost-cutting agency Musk helped set up, could be used to hurt the billionaire's companies – as the former allies continue their public dispute over Trump's budget plans. 'Elon may get more subsidy than any human being in history, by far,' he wrote on social media. 'Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!' The tech billionaire wrote in reply: 'I am literally saying CUT IT ALL. Now.' Musk has time and again criticised Trump's so-called 'big, beautiful bill', suggesting that it undermines the work he undertook to cut government spending. A row between Trump and Musk first blew up last month, and then again earlier this month, with the pair trading barbs publicly before Musk backtracked on some of his attacks. Musk also launched a new political party, weeks after dramatically falling out, which he announced on his social media platform X that he had set up the America Party, billing it as a challenge to the Republican and Democratic two-party system. Trump had hit out at former close ally, saying: 'I think it's ridiculous to start a third party. It's always been a two-party system and I think starting a third party just adds to the confusion.'

Nvidia, AMD CEOs rally behind President Trump's AI ‘action plan'

Mint

25 minutes ago

Mint

Nvidia, AMD CEOs rally behind President Trump's AI ‘action plan'

WASHINGTON—The chief executives of chip giants Nvidia and Advanced Micro Devices stood behind the Trump administration's new artificial-intelligence 'action plan" on Wednesday, welcoming a set of moves that could serve as a further boon for the American chip sector. The plan, which also has been embraced by the broader tech and business community, promises to clear away red tape around the development and use of AI and boost exports of American tech—including semiconductors essential for AI. Additionally, it aims to streamline the creation of data centers and make energy for them more readily available. On stage Wednesday at a Washington tech industry event, Nvidia Chief Executive Jensen Huang proclaimed that the unique advantage America has that other countries don't is President Trump. 'On the first day of his administration, he realized the importance of AI and he realized the importance of energy," Huang said. 'For the last, I don't know how many years, energy production was vilified." AMD Chief Executive Lisa Su told The Wall Street Journal that the Trump administration's AI plan is excellent and heralds an era where the U.S. stands to win the global AI race. 'For the U.S. to lead in AI, we have to run fast, and the AI action plan is a great way of just laying out all the various pieces that will be helpful for us to run fast," said Su, who also spoke at the event. 'It's a great day for those of us, like us, who are really trying to get technology adopted as fast as possible, in partnership with the government," she added. The administration's new AI plan—the first step of which involved President Trump signing AI-related executive orders late Wednesday—could further bolster the businesses of both Nvidia and AMD. Trump also spoke at the tech event, and he took a moment to recognize Huang and Su as leaders vital to helping America win the AI race. Huang recently lobbied President Trump to remove restrictions the Commerce Department had placed on selling Nvidia's H20 AI chip to China. The administration reversed course after a meeting Huang had with the president. AMD also is expected to resume shipments to China once licenses for a restricted chip are approved. Exports of the company's MI308 accelerators to China were similarly halted in April. 'We understand the sensitivity," Su said, referring to the restriction. 'I think the balance was found in a good place with the new policies." Speeding up the construction of data centers and getting energy to power them also is a key win for the U.S. chip sector. Powerful AI chips called graphics processing units, or GPUs, are the engine behind AI models like the ones that power OpenAI's ChatGPT. They run inside of data centers and require immense amounts of power to keep them running. During his remarks, Trump said the administration would use 'every rule at our disposal" to ensure that the country could build AI infrastructure like data centers and chip-manufacturing facilities. Those moves will likely involve deregulation—a message that was received warmly by tech execs. 'How do we clear the regulatory environment so it's easier to build, it's easier to permit, and get more power throughout the distribution network? All of that is enabling," Su said. Trump officials said Wednesday that the U.S. needs to sell homegrown chips and software to allies so their AI is dependent on American companies, not Chinese ones. The plan is to use the U.S. Export-Import Bank and Development Finance Corp. to help spread American technology in other countries. Daniel Castro, vice president at the Information Technology and Innovation Foundation, said the administration's AI action plan is incredibly promising for businesses. The ITIF is a think tank backed by tech companies that promotes innovation. 'The [AI] plan's focus on clearing regulatory red tape, supporting American workers, and accelerating adoption is huge for businesses that are ready to embrace AI-driven productivity growth," Castro said. While Nvidia and AMD have a heated rivalry in building the advanced chips that power AI, Su said the administration's package of moves are beneficial for both. 'We have very similar principles, which is, we want American technology to be as capable as possible, and we want to get it proliferated as much as possible," Su said. 'It is really about doing what is good for the overall industry, which happens to also help all of our competitive positions globally." Write to Belle Lin at

Why the US is targeting Harvard's J-1 visa programme amid broader political tensions

Time of India

an hour ago

Time of India

Why the US is targeting Harvard's J-1 visa programme amid broader political tensions

The US State Department has launched an investigation into Harvard University's use of the J-1 visa programme under the Exchange Visitor Program. The move is part of a broader federal campaign targeting Harvard's international activities, including its ties to China and student protest records. The University has been ordered to submit records within a week. The probe follows earlier visa-related actions and has already affected funding, legal proceedings, and international scholar entry into the US. The US State Department has launched an investigation into Harvard University's participation in the Exchange Visitor Program, which allows institutions to sponsor J-1 visas for international scholars, researchers, and certain students. The investigation, made public on a Wednesday, is the latest development in a series of federal actions scrutinising the University's international activities. As reported by The Harvard Crimson, the State Department did not allege specific misconduct in its public statement but said the inquiry aims to ensure such visa programmes 'do not run contrary to our nation's interests.' The department also reasserted that all sponsors must comply fully with visa regulations and support US foreign policy and national security objectives. J-1 visa programme under federal scrutiny The J-1 visa programme is part of the Exchange Visitor Program (EVP), which promotes cultural and educational exchange. Harvard, along with other universities, uses the programme to bring in international scholars and educators. The current investigation forms part of a wider effort by the Trump administration to exert oversight over institutions hosting foreign nationals. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo According to The Harvard Crimson, Secretary of State Marco Rubio informed Harvard President Alan M. Garber in a letter that the University must submit a comprehensive set of records related to its J-1 visa sponsorships within one week. A State Department spokesperson declined to specify what exact records have been requested. Connection to wider federal action This inquiry into the EVP follows earlier actions targeting Harvard's involvement in the Student and Exchange Visitor Program (SEVP), a separate system managed by the Department of Homeland Security (DHS) that oversees international student records for F-1 and M-1 visa holders. Harvard does not host students under M-1 visas. The Trump administration has raised concerns linking Harvard's international programmes to broader foreign policy and national security issues. The Harvard Crimson reported that the administration considers statements such as calls to cut military aid to Israel potentially valid grounds for revoking visas. The administration has also flagged Harvard's connections with China as possible national security risks. Obstacles faced by international visa holders Prior to the announcement of the State Department probe, international scholars on J-1 visas and students on F-1 visas had already begun encountering difficulties. In June, at least two incoming scholars were turned away at Boston airport, though Harvard later confirmed they were expected to be granted entry, according to The Harvard Crimson. In response to the investigation, Harvard spokesperson Jason A. Newton described the move as 'retaliatory' and argued it violates the University's First Amendment rights. He said Harvard 'continues to enrol and sponsor international scholars, researchers, and students, and will protect its international community,' as quoted by The Harvard Crimson. Broader federal pressure on Harvard continues As reported by The Harvard Crimson, federal agencies have issued multiple demands to Harvard, including a subpoena from Immigration and Customs Enforcement (ICE) requesting records on international students' post-graduation work under Optional Practical Training, as well as videos of student protests dating back to 2020. DHS previously warned the University it could lose its SEVP certification unless it produced detailed internal communications and protest records. After Harvard submitted a partial response, the DHS deemed the reply insufficient. In late May, the department revoked Harvard's SEVP certification, followed by an executive order by President Trump restricting entry for Harvard-bound students. A federal judge has since granted preliminary relief, blocking both actions. Investigations impact funding and institutional operations The federal crackdown has significantly affected Harvard's research funding. The University has filed a lawsuit in response to the freeze, with the case currently pending. The government's actions have already resulted in a loss of over $2 billion in federal research grants, The Harvard Crimson reported. Congress and federal agencies have opened more than a dozen investigations into Harvard, including probes into hiring and admissions practices, links to foreign governments, and antisemitism allegations. Senator Rubio has been directly involved, urging further scrutiny, including a recent call for the Treasury Department to investigate a Harvard-hosted event involving sanctioned Chinese officials. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!