Key Takeaways Nvidia CEO Jensen Huang said on Wednesday that AI demand has grown “substantially” in the last six months. The CEO also said he believes the AI boom is still in its early stages, with further room for growth. Demand for artificial intelligence is booming and only just getting started, according to Nvidia CEO Jensen Huang. “This year, particularly …
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Bessent says US tariff revenues to rise ‘substantially,’ focus on reducing debt
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said he expects a big jump in revenues from sweeping tariffs imposed by President Donald Trump, and said the money would be used first to start paying down the federal debt, not to give rebate checks to Americans. Bessent, speaking in an interview on CNBC’s “Squawk Box,” said he expected …
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