Trump AI Summit Targets Hardware as Key to US Supremacy – Bloomberg

Nvidia Corp. Chief Executive Officer Jensen Huang waves to the crowd at the “Winning the AI Race” summit on July 23.Photographer: Chip Somodevilla/Getty Images North America

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Ed Ludlow reports on the implications of the Trump administration’s new AI Action Plan.

Tesla and Samsung: Elon Musk’s EV maker agreed a $16.5 billion chipmaking pact with Samsung, which will see the Korean company dedicate its production in an upcoming Texas fab to making the brains of future Tesla self-driving systems.