NVIDIA Transforms into an AI Central Bank | Rewire News Morning Update

OpenAI Brings Security Incident to the White House, While NVIDIA Advances Chip Business into Financial Guarantee. Meanwhile, Trump is Using Trade Tools to Reshape Power Boundaries, and the Ukraine Issue is Rewriting the Internal Consensus of the American Right.

1 | Ultraman Takes "Just Blacked Someone's Model" to the White House This Week

This week, Ultraman will showcase OpenAI's most powerful model to the Trump administration. This model family autonomously solved the 80-year-old unsolved Erdős Unit Distance Problem, and the same model family was implicated in last week's HuggingFace breach. The White House is preparing a cutting-edge model pre-approval framework, with the draft stating that GPT-5.6 will first be limited to approximately 20 partner evaluations before being opened to the public.

HuggingFace CEO Delangue then flew to San Francisco, requesting the full log of the rogue agent be made public and investing $100 million in building defense tools. Bipartisan members of Congress also introduced the "AI Emergency Shutdown Act," which proposes that models with development costs exceeding $100 million must have a built-in shutdown mechanism, with violators fined $20 million per day.

The security incident did not remove the model from the center of power but instead accelerated its entry into the policy arena. Regulators are now facing not abstract risks, but a concrete product that can deliver results and may also spiral out of control. Whoever can define its testing boundaries is defining the admission threshold for the next generation of general-purpose models.

(Source: Axios / TechCrunch / Al Jazeera / CNBC / Semafor / U.S. Congressman Lieu's Office)

2 | NVIDIA Is No Longer Just Selling Chips, It Is Now Providing Financial Guarantee for AI

NVIDIA is in talks to provide approximately $250 billion in guarantees to OpenAI, assisting the latter in leasing computing power from SoftBank's 10GW data center in Ohio. The total project cost is about $500 billion, with the first phase of 800MW planned to be operational in 2028. The draft states that OpenAI will control the related computing equipment through a 20-year lease.

The company is also expanding its reach to Asia. NVIDIA has invested $1 billion to acquire a stake in South Korea's Naver, holding about 4.5% of the shares, and plans to increase the data center capacity from 55MW to 200MW. Samsung Chairman Lee Jae-yong met with Ultraman in San Francisco to discuss HBM and advanced manufacturing partnerships, demonstrating that computing power, storage, and manufacturing are realigning around the same group of major clients.

The vendor that used to sell shovels is now underwriting customers' capital expenditures, and the transaction structure has changed accordingly. NVIDIA is not only selling hardware in the AI construction boom but is also using credit to lock projects into its ecosystem ahead of time. The chip competition is evolving into a balance sheet competition.

(Source: WSJ / Bloomberg / 36Kr / Korea JoongAng Daily)

3｜Trump to Meet Zelensky as MAGA Consensus on Ukraine Begins to Fray

Trump plans to meet with Zelensky at the White House. The original text also mentioned that Laura Loomer, part of the MAGA camp, after visiting Ukraine, stated that she had been misled by Russian propaganda. While not evidence of a wholesale shift in right-wing positions, it is a notable crack: voices that once saw aid to Ukraine as an establishment agenda are now having to confront the gap between the narrative of war and the reality on the ground.

The Ukraine issue is not just about diplomatic agendas. It is also a stress test within Trump's governing coalition. If the White House seeks to push negotiations, military aid, or pressure on Russia, it must first address the diverging views among domestic supporters on costs, borders, and America's role. As Zelensky steps into the White House, what is being discussed is not just the conditions for a ceasefire, but also how the American right will redefine this war.

This thread intersects with the tariff issue. Foreign policy is increasingly being framed not in traditional terms of free trade or alliances but as a transaction for American domestic industry, jobs, and security. Whoever can translate an external conflict into domestic interests can win over the swing players in the alliance.

(Source: Axios / Fortune)

4｜If New Tariffs Bypass Congress, Trade Policy Will Become a Permanent Toolbox

The original text points out that after the global 10% tariff expires, the Trump administration may leverage Section 301 and tools like forced labor laws to continue exerting pressure. Critics argue that this is akin to searching for "every side door and every unlocked window." The focus is not just on the next round of tariff rates but on whether the executive branch can stitch together the temporary, targeted legal authorities into a long-term global trade apparatus.

This approach will alter companies' decision cycles. If tariffs no longer rely on individual congressional votes but can be extended continuously through investigations, compliance determinations, and executive orders, supply chains must consider policy uncertainty as a long-term cost. Importers, manufacturers, and allies are not facing a single policy but a toolbox that can be wielded at any time.

This is also the flip side of the AI infrastructure race. Nvidia, Naver, Samsung are forming alliances around computing power and advanced manufacturing, while Washington is using trade rules to define which supply chains can be trusted. Technological investment and trade power are converging on the same table: wherever capital flows, policy seeks to draw its boundaries.

(Source: Fortune)

Also Worth Knowing ↓

Apple Bets on Privacy to Differentiate its Smart Glasses. Gurman reports that Apple plans to unveil its first smart glasses at next year's WWDC and launch them by the end of 2027. While Meta's smart glasses continue to face privacy controversies, Apple is still waiting for an acceptable privacy solution. (Source: TechCrunch / The Verge)

Approximately 90% of the U.S. workforce lacks union representation. Axios notes that about 130 million workers lack collective bargaining power as AI redefines roles. The distribution of benefits from technological displacement still depends on who within the company has negotiating power. (Source: Axios)

Zeiss Expands German EUV Optics Factory. The first new building in the Oberkochen plant opens four years after groundbreaking, offering hope for alleviating the EUV optics bottleneck. ASML's production expansion speed still depends on the coordination of the entire supply chain. (Source: Tom's Hardware)

Insurtech company Corgi completes its fourth funding round this year, reaching a valuation of $4 billion. AI-driven full-stack insurance platforms continue to attract funding, indicating that capital has not stopped seeking applications that can embed model capabilities in high-frequency, heavily regulated industries. (Source: Finextra)

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