"That is the ULTIMATE wealth tax," Mark Cuban said following reports that Nvidia and AMD have agreed to pay the US government 15% of their China chip sale revenues.
In Donald Trump's second term, the U.S. government is increasingly involving itself in private business — like a reported 15% tax it has placed on some chip exports to China.
Former Microsoft CEOs Bill Gates, left, and Steve Ballmer, center, pose for photos with CEO Satya Nadella. The company is taking its foot off the AI accelerator.
