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Aug 12, 2025
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Happy Tuesday! President Donald Trump says he would consider a deal to allow Nvidia to sell advanced AI chips to China. The CEO of GitHub is stepping down. A judge denies Anthropic's request to delay the trial for a copyright case.
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President Donald Trump said Monday that he would consider a deal with Nvidia to allow the chip company to sell a version of its advanced AI “Blackwell” chips to China. “It’s possible I’d make a deal” on a “somewhat enhanced — in a negative way — Blackwell,” he said at a press briefing with reporters that was reported by Bloomberg. Explaining how the chip would be different, he said. “In other words, take 30% to 50% off of it.” At the same briefing, Trump confirmed reports that
the government had reached a deal with Nvidia and AMD that would involve the companies giving the government a 15% cut of the sales of their less-advanced chips in China, in exchange for receiving export licenses for the Chinese market. There are a lot of unanswered questions about the arrangements, which are highly unusual, including when a deal over the Blackwell chip might be reached. “I think he’s coming to see me again about that,” Trump reportedly said of Nvidia Chief Executive Officer Jensen Huang. The pair have developed a close relationship since Trump took office for a second time.
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The CEO of Microsoft’s GitHub subsidiary, Thomas Dohmke, will step down, he announced on Monday. Dohmke said in a blog post announcing his resignation that he plans to found a new startup after stepping down from the role at the end of 2025. The move comes several months after Microsoft reorganized its top leadership to place GitHub and other developer-focused divisions under the purview of Jay Parikh, a former Meta executive who joined the company at the start of this year. Parikh is tasked with convincing Microsoft’s customers to buy more of its AI agent tools,
including the AI coding tool GitHub Copilot. Dohmke said in the blog post on Monday that, going forward, GitHub “will continue its mission as part of” the division overseen by Parikh. Dohmke had spent the past 10 years at Microsoft after it acquired a developer tools app that he founded in 2015. He was tapped to lead GitHub in 2021 after former GitHub CEO Nat Friedman departed the company. Since then he has overseen the expansion of GitHub Copilot, the codewriting AI tool powered by OpenAI’s models that has become one of Microsoft’s best-selling AI products.
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The judge overseeing a copyright lawsuit brought by a group of authors against Anthropic on Monday denied the company’s request to delay the case while it appealed to a higher court. Anthropic is appealing the federal district court’s ruling that downloading and storing over 7 million “pirated” books does not qualify as fair use and the court’s decision to make the case a class action lawsuit. The district judge overseeing the case argued in his decision that the court of appeals will be able to make a
better-informed decision after the case has concluded with its scheduled trial in December. That trial could expose Anthropic to “potentially billions of dollars in liability,” according to the company’s lawyers. Authors Andrea Bartz, Charles Graeber and Kirk Johnson sued Anthropic last year, alleging that the AI company violated copyright laws by purchasing and downloading books, including their own, and using them to train its Claude models.
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President Donald Trump praised Intel CEO Lip-Bu Tan after their meeting on Monday, saying Tan’s “success and rise is an amazing story.” Trump’s positive description of his meeting with Tan came after the president last week demanded that Tan step down immediately. Trump’s call for Tan’s resignation came after Republican Senator Tom Cotton wrote a letter to Intel’s board asking about Tan’s ties to Chinese companies, including his investments in firms with alleged links to the Communist Party. In a post on his Truth Social social media
site on Monday, Trump said his meeting with Tan was a “very interesting one.” The president also said that “Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.” Intel’s stock rose 2.4% in after-hours trading Monday following Trump’s comments about his meeting with Tan.
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Ticketing platform StubHub is giving an initial public offering another go, and will have to explain lumpy business results to prospective investors. The company publicly filed first-quarter financial information Monday, revealing that revenue growth had slowed to 10% in the first quarter to $398 million, compared to 30% annually last year. Free cash flow as a percentage of revenue roughly halved, from 14% to 7% in the quarter. The company said in its filing that the variations in which big concerts and sporting events take place lead to variations in its business results. The company halted IPO preparations in the spring, and is planning to go public in the fall. It will likely argue that it is taking market share from competitors like Vivid Seats, which has
reported declining revenues to investors in recent quarters.
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In David Ellison’s first major move after taking control of Paramount, the company has announced a seven year, $7.7 billion media rights deal with UFC, the mixed-martial arts organization owned by Ari Emanuel-led TKO. Under the terms of the agreement, Paramount will exclusively distribute UFC’s events on its Paramount+ streaming service in the U.S. starting in 2026, with a select number of events also airing on the CBS broadcast TV network. The deal also marks UFC’s move away from its existing pay-per-view model, making the events available without requiring viewers to pay an extra fee. The deal suggests that the Ellison-led Paramount will continue to be a major bidder for sports media rights even as fees to license live games and events have skyrocketed in recent years. Paramount said it intends to explore UFC
rights outside of the U.S. as they become available in the future. But also notably, the company said the payment schedule for its U.S. deal with UFC is weighted toward the back end of the seven-year term.
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