Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- President Trump is debating whether to allow Nvidia (NVDA) to sell its advanced AI chips to China.
“That kind of decision sits right on the desk of Donald Trump,” Commerce Secretary Howard Lutnick told Bloomberg TV. “He will decide whether we go forward with that or not.”
- US Sens. Josh Hawley and Richard Blumenthal are asking the FTC and SEC to investigate Meta (META) following a Reuters report that the company is believed to have earned around 10% of its 2024 revenue from ads for scams and banned goods on Facebook and Instagram.
“The FTC and SEC should immediately open investigations and, if the reporting is accurate, pursue vigorous enforcement action where appropriate,” the senators wrote in a letter to the federal agencies, according to Reuters.
“Scams have been allowed to take over Facebook and Instagram as Meta has drastically cut its safety staff, including for FTC mandated reviews, even as it dumps unimaginable sums into its generative AI projects,” the senators added, noting that the scam ads included one of President Trump offering cash to food assistance recipients.
- Amazon (AMZN) said it is launching a preview program for select enterprise customers for the testing of its Leo satellite Internet service ahead of a broader commercial rollout.
Leo, formerly known as Project Kuiper, is aimed at organizations, businesses, and government agencies that operate in places without reliable Internet connectivity, such as airplanes or geographically remote locations. Current customers include JetBlue (BLU), Vanu Inc., Hunt Energy Network, Connected Farms, and Crane Worldwide Logistics.
“The service is designed to support critical business applications, including real-time data processing, remote operations management, and secure communications for teams working in field locations,” Amazon said in a statement.
“It also connects directly to Amazon Web Services, as well as other cloud and on-premise networks, allowing customers to securely move data from remote assets to private networks without touching the public internet,” Amazon added.
Other providers of satellite Internet service are Viasat (VSAT) and Elon Musk’s Starlink (STRLK).