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Trump Son-Linked Fintech Faces Scrutiny Over China Chip Firm AI Data Center Deal

Published: · Source: rss.donga.com

Trump Son-Linked Fintech Faces Scrutiny Over China Chip Firm AI Data Center Deal
TL;DR: Alt5 Sigma, linked to President Trump’s son Eric, signed an MOU with China’s Nano Labs for a US AI data center, raising conflict-of-interest concerns.

Alt5 Sigma, a US fintech company linked to Eric Trump, the second son of US President Donald Trump, has reportedly signed a memorandum of understanding with Chinese semiconductor maker Nano Labs to build an artificial intelligence data center in the United States. Eric accompanied President Trump on a state visit to China from the 13th to the 15th with his wife, Lara. According to the Financial Times on the 13th, the two companies agreed to conduct 90 days of due diligence to examine possible further cooperation. AI data centers require large-scale power infrastructure and are a core strategic AI industry at the center of US-China technology rivalry. The controversy is growing because Alt5 Sigma is closely connected to World Liberty Financial, a cryptocurrency company owned by the Trump family, raising concerns that family business interests are intersecting with national foreign policy. Source: rss.donga.com

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