Gemini update During President Donald Trump's state visit to Beijing (May 13–15, 2026), he traveled with a high-profile delegation of 17 business leaders focused on reopening trade in high-tech and financial sectors. While Trump hailed the summit results as "fantastic trade deals," the outcomes were characterized more by conditional agreements and the extension of a trade truce than by immediate, firm breakthroughs.
🛡️ Semiconductor & AI Breakthroughs
- Nvidia & AMD: Trump reached a "monetization" deal allowing Nvidia and AMD to resume limited sales of advanced chips (like the H200) to selected Chinese firms in exchange for paying 15% of that revenue directly to the U.S. government.
- AI Guardrails: Preliminary discussions were held regarding international AI guardrails to prevent advanced models from being misused by non-state actors.
- Micron & Qualcomm: Executives from Micron and Qualcomm sought the removal of compliance reviews and the expansion of 5G licensing, though specific new contracts have not yet been confirmed by Chinese officials.
✈️ Boeing & Aerospace
- 200 Aircraft Order: Trump announced an agreement for China to purchase 200 Boeing aircraft, specifically 737 MAX jets, with a "potential" for this to scale to 750 planes.
- Market Reaction: Despite the 200-jet announcement, Boeing shares fell as the figure was lower than the 300–500 units investors had anticipated.
🚗 Autonomous & Emerging Tech
- Tesla FSD: Elon Musk joined the trip to secure approval for Full Self-Driving (FSD) software in China. Analysts expect a "green light" soon as part of a broader deal involving Tesla's expansion.
- EV Manufacturing: Trump reiterated that Chinese automakers would be welcome to build plants in the U.S. if they use American labor, aiming to counter the "flood" of Chinese-made EV imports.
- xAI & Tech Investment: Trump claimed China plans to invest "hundreds of billions" into the companies represented in the room, though no formal investment vehicles or term sheets were released.
Financial Tech & Market Access
- Citigroup Breakthrough: On the eve of the summit, Beijing approved Citi's application to operate its own securities business in China, ending years of regulatory delays.
- Payment Services: CEOs from Visa and Mastercard pushed for wider acceptance of their networks within China's digital payment ecosystem.
- BlackRock & Blackstone: Larry Fink and Stephen Schwarzman focused on easing restrictions for foreign financial services firms and increasing market access for U.S. investment.
💡 Key Takeaway: The summit resulted in a "deterioration freeze"—an extension of existing trade truces rather than a comprehensive new treaty. Most "deals" currently remain unilateral claims by the U.S. delegation, awaiting official confirmation from Beijing.
related question- which colleges or other emerging networks (eg schmidt ai expo) being awarded 200 million dolars plus to research how to transform every colege curriculum's with ai or transparent governance
gemini --In addition to the Cambridge Rokos School of Government and the funding involving USC Marshall (rather than UCL), several other major institutions and partnerships have secured $200 million+ commitments in 2026 to transform AI governance, research, and public application.
Key Institutional Funding Over $200 Million (2026)
- University of Cambridge (Rokos School of Government): Investor Chris Rokos pledged £190 million ($251 million) in March 2026 to establish a new school of government. It focuses on cross-disciplinary leadership in technology and politics.
- University of Southern California (USC Mark and Mary Stevens School): In May 2026, Nvidia director Mark Stevens and his wife Mary gifted $200 million to USC. This investment aims to integrate AI across disciplines, including health sciences and USC Marshall's new AI for Business degree.
- Anthropic & Gates Foundation Partnership: This May 2026, the two organizations launched a $200 million initiative. It provides AI credits and grant funding to scale AI applications in health, education, and agriculture for underserved communities.
- U.S. Department of Defense (CDAO): In late 2025/early 2026, the Pentagon awarded contracts of up to $200 million each to OpenAI, Google, Anthropic, and xAI. These "agentic AI" contracts focus on adopting commercial AI innovations for national security and defense operations.
- Humanity AI Initiative: Launched by a coalition of ten major foundations (including Ford and MacArthur), this is a $500 million, five-year fund. Starting in 2026, it supports organizations using AI for the public good, such as protecting democratic institutions and labor rights.
💡 Note on UCL: While UCL-affiliated startups like Ineffable Intelligence (founded by David Silver) have raised over $1 billion recently, this was private venture capital for "frontier AI" development rather than a specific governance grant.
If you'd like, I can:
- Detail the specific research goals of the Rokos School of Government.
- Break down the curriculum changes coming to USC Marshall.
- Compare how public vs. private funding is shaping AI safety standards.
How would you like to explore these cases further?
Mark Stevens & Nvidia
- Board History: He first served from 1993 to 2006 and rejoined in 2008.
- Early Investor: He was a partner at Sequoia Capital when the firm made its initial investment in Nvidia in 1993.
- Financial Impact: Much of his estimated $12.5 billion net worth comes from his early and significant stake in the company.
Who else is on the Nvidia Board?
- Jensen Huang: Founder, President, and CEO.
- Tench Coxe: Former Managing Director at Sutter Hill Ventures; also a billionaire early investor.
- Suzanne Nora Johnson: Former Vice Chairman of Goldman Sachs; appointed in May 2026 (effective July 13, 2026).
- Aarti Shah: Former Senior VP and Chief Information Officer at Eli Lilly.
- Persis Drell: Former Provost of Stanford University.
- Harvey Jones: Managing Partner at Square Wave Ventures.
- Dawn Hudson: Former CEO of Pepsi-Cola North America.
- Michael McCaffery: Chairman of Makena Capital Management.
- Stephen Neal: Chairman Emeritus of Cooley LLP.
- Brooke Seawell: Venture Partner at New Enterprise Associates.
Other Recent Mega-Gifts for AI
- $750 Million: The Michael and Susan Dell Foundation recently committed this amount to the University of Texas at Austin for an "AI-native" medical center.
- $100 Million: Tench Coxe (another Nvidia board member) also donated this amount to UT Austin earlier this year for medical and AI research.
- $175 Million: Just this week (May 15, 2026), Mark Stevens announced another donation to establish a new medical school in Silicon Valley (a joint venture with Sutter Health and Santa Clara University).
If you'd like, I can:
- Detail Suzanne Nora Johnson’s specific role in AI governance at Nvidia.
- Compare the USC vs. UT Austin AI research mandates.
- Look into any UCL-specific governance funds you might have seen.
Would you like to focus on the governance side or the university partnerships?
