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Ari Goldschmidt:

Elon Musk Is Responsible for “Killing the World’s Poorest Children,” Says Bill Gates

Billionaire philanthropist Bill Gates ratcheted up his feud with Elon Musk, accusing the world’s richest man of “killing the world’s poorest children” through what he said were misguided cuts to U.S. development assistance.

Gates, who is announcing a plan to accelerate his philanthropic giving over the next 20 years and close down the Gates Foundation altogether in 2045, said in an interview that the Tesla chief had acted through ignorance.

In February, Musk’s so-called Department of Government Efficiency (Doge) in effect shut down the US Agency for International Development, the main conduit for US aid, saying it was “time for it to die.”

The co-founder of Microsoft, and once the world’s richest man himself, said the abruptness of the cuts had left life-saving food and medicines expiring in warehouses and could cause the resurgence of diseases such as measles, HIV, and polio.

“The picture of the world’s richest man killing the world’s poorest children is not a pretty one,” he told the Financial Times.

⇒ Read More Here

Ray Blanco:

Nvidia and Other Chipmakers Are Getting a Big Win As Trump Kills the ‘AI Diffusion Rule’

U.S. government plans to withdraw a rule introduced under the Biden administration that had aimed to restrict exports of advanced AI chips — a policy that had posed challenges for major semiconductor companies like Nvidia (NVDA) and AMD (AMD).

“The Biden AI rule is overly complex, overly bureaucratic and would stymie American innovation,” a spokeswoman from the Commerce Department said in a statement. The Trump administration intends to issue a revised version of the rule, which was set to come into effect on May 15. This process could take months to finalize.

The regulation in question — titled the Framework for Artificial Intelligence Diffusion — would have limited exports of AI chips to over 100 countries. These restrictions aimed to prevent countries from bypassing U.S. export controls, particularly in relation to China.

Chipmakers had criticized the rules, however. They argued it would give an advantage to Chinese competitors, such as Huawei, as they develop and sell their own AI hardware, foregoing an opportunity to ensure that much of the world would rely on American technology.

⇒ Read More Here