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Trump to Join AI and Energy Summit in Pittsburgh with Tech and Energy Leaders

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U.S. President Donald Trump will attend an artificial intelligence and energy summit in Pittsburgh, Pennsylvania, on July 15, according to an announcement from the office of Pennsylvania U.S. Senator Dave McCormick. The inaugural Pennsylvania Energy and Innovation Summit will take place at Carnegie Mellon University.

The event is expected to gather top executives from both the tech and energy industries. Axios reported that the guest list includes high-profile tech leaders such as OpenAI CEO Sam Altman, Meta Platforms CEO Mark Zuckerberg, Microsoft CEO Satya Nadella, and Alphabet CEO Sundar Pichai. Leading figures from the energy sector such as Exxon Mobil CEO Darren Woods, Shell CEO Wael Sawan, and Chevron CEO Mike Wirth are also expected to attend.

White House AI czar David Sacks is scheduled to participate as well. Earlier this week, Sacks voiced concerns that excessive regulation of artificial intelligence in the U.S. could hinder industry growth and give China a competitive advantage in the global AI market. His comments suggest that the Trump administration may adopt a more expansionist policy for U.S. AI companies, focusing on boosting international markets for American AI chips and models.

This approach contrasts with that of Democratic former President Joe Biden, who emphasized strict controls to prevent U.S. AI chips from being used to strengthen China’s military capabilities.

Meanwhile, a bipartisan group of 40 state attorneys general, including Republicans from Ohio, Tennessee, Arkansas, Utah, and Virginia, have pushed back against federal efforts to limit state-level AI regulations. They argue that states should retain the authority to develop and enforce consumer protection rules for AI technologies.

The Pittsburgh summit signals the increasing intersection of AI policy, energy strategy, and international trade considerations in U.S. political and economic debates as AI continues to reshape multiple sectors.

Nvidia to Exclude China from Financial Forecasts Amid U.S. Export Restrictions

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Nvidia will stop factoring in revenue and profit from the Chinese market in its financial forecasts, CEO Jensen Huang told CNN on Thursday, citing ongoing U.S. trade restrictions on chip sales to the region. The decision comes as the U.S. maintains stringent export controls that limit Nvidia’s ability to sell its advanced chips to Chinese customers.

When asked if the ongoing trade discussions between the U.S. and China could lead to a lifting of export controls, Huang said he was not counting on any changes:

“If it happens, then it will be a great bonus. I’ve told all of our investors and shareholders that, going forward, our forecasts will not include the China market.”

Huang reiterated his criticism of U.S. chip export curbs, arguing that they are not achieving their intended policy objectives. “The goals of the export controls are not being achieved,” he said. “The goals have to be well-articulated and tested over time.”

According to D.A. Davidson analyst Gil Luria, Nvidia may face downside risks for 2026 if it remains unable to resume sales to China. Nvidia’s China business remains significant: in the first quarter, China accounted for 12.5% of the company’s total revenue, generating $4.6 billion largely from customers stockpiling the H20 chip before the restrictions took full effect.

The company estimates the export curbs cost it $2.5 billion in lost sales in Q1, with an $8 billion revenue hit projected for Q2. Nvidia is still exploring limited options for the Chinese market but acknowledged:

“Until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China’s $50 billion data center market.”

Michael Ashley Schulman, CIO at Running Point Capital, said Nvidia’s move to exclude China from its forecasts simplifies its financial outlook:

“By zero-basing China, Nvidia removes a volatile variable that neither Wall Street nor the Commerce Department can reliably handicap.”

Taiwan Cyber Unit Unfazed by China’s Bounty Threat on Alleged Hackers

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Taiwan’s cyber defense forces have vowed not to be intimidated by China’s offer of monetary rewards for the arrest of 20 individuals Beijing claims are Taiwanese military hackers, the island’s defense ministry said on Wednesday. Taiwan emphasized that China’s legal system holds no jurisdiction over the democratically governed island.

The controversy escalated last week when China’s Guangzhou Public Security Bureau named and published photos, names, and identity card numbers of the alleged hackers linked to Taiwan’s Information, Communications and Electronic Force Command, offering rewards exceeding $1,000 for their capture. Beijing’s Taiwan Affairs Office warned that it would “pursue the matter to the end” and would not show leniency.

In response, Taiwan’s defense ministry condemned China for spreading false narratives and using “cross-border rewards” as part of what it called a disinformation campaign to weaken military morale. Taiwan’s constitution affirms that Chinese laws have no binding authority on the island or its people.

“The officers and soldiers of the Information, Communications and Electronic Force Command will remain steadfast,” the ministry said, “defending the digital frontier and ensuring national security through solid information defense.”

Taiwan has frequently accused China of extensive cyberattacks and disinformation campaigns aimed at undermining public trust in Taiwan’s government, amid increasing military and political pressure from Beijing.