The US has sought to maintain its sovereignty in AI, citing national security concerns and financial motivations.

Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday.

U.S. chipmakers Nvidia and AMD will pay the U.S. government 15% of revenue generated by sales of their AI chips in China, a White House official confirmed to CBS News. The Financial Times on Sunday reported that the agreement between the tech giants and the U.