Bessent Confronts Lutnick Over Lack of Curbs on Chip Sales to Megaspeed

Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick last week about why the administration had not restricted advanced chip sales to Megaspeed. The firm is at the center of a broader Nvidia affair, and the clash exposes a disagreement among top officials over export controls on AI chips. The report is short on details about the specific restrictions being debated.

Why it matters: The internal split over whether to limit advanced Nvidia chip sales to Megaspeed signals how US export policy on AI hardware may be decided, which affects anyone sourcing or reselling AI compute.