Bessent blames Commerce for Megaspeed delay as Lutnick faces scrutiny
CNN reports that some Trump advisers are discussing the commerce secretary's future as Nvidia's fallout reaches the Cabinet.
Why this story? One of the most watched videos since yesterday, with 212,524 views.
Bessent publicly blames at Lutnick as Nvidia fallout grows
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Press to jump
- 0:19Bessent criticizes Commerce over delays in placing Nvidia customer Megaspeed on the Entity List.
- 2:03Treene reports on White House briefings and tensions between Bessent and Lutnick.
- 5:13Farah Griffin argues that agencies should coordinate and establish facts before officials speak publicly.
- 8:51Dean discusses congressional calls for Huang to testify about security risks and potential conflicts of interest.
- 11:35Knight explains Nvidia's importance to AI development and discusses Trump's suggestion of Tim Cook as its next leader.
Scott Bessent is putting responsibility on another Cabinet department. In a CNBC interview carried by CNN, the treasury secretary accuses Howard Lutnick's Commerce Department of delaying action to place Nvidia customer Megaspeed on a restricted trade list over national security concerns.
That public criticism is the new development in CNN's expanding Nvidia coverage. The broadcast drew about 213,000 views within its first few hours today, moving the story beyond Jensen Huang's departure to the administration's handling of chip exports.
CNN White House correspondent Alayna Treene reports that some of President Donald Trump's advisers have begun discussing whether Lutnick should be dismissed. The channel also reports that administration officials and outside advisers have raised concerns about him directly with Trump. Those are reported discussions, not an announced decision to remove him.
Former Trump aide Alyssa Farah Griffin argues that the public finger-pointing exposes a failure of coordination between agencies. Her prescription is straightforward: officials should establish the facts together before speaking publicly.
The segment then moves to Congress, where Pennsylvania Democrat Madeleine Dean discusses calls for Huang to testify about security risks and potential conflicts of interest.
WIRED's Will Knight closes by explaining why the consequences extend beyond a vacant executive office. Nvidia's chips are central to building the largest AI models, he says, making uncertainty over its leadership a concern for the wider industry. He also addresses Trump's suggestion of Tim Cook as a replacement, a proposal rather than an appointment.
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