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U.S. · TECHNOLOGY · NOV 12, 5:26 PM ET

Jim Banks calls for Lutnick to testify on Nvidia CEO controversy, alleging 'loophole' use

Reported by 30 outlets in the past day, including The Hill, South China Morning Post, France 24.

1What happened

Sen. Jim Banks (R-Ind.) called on Commerce Secretary Howard Lutnick to testify regarding his involvement with former Nvidia CEO Jensen Huang’s relationship with an alleged Chinese spy, accusing Lutnick of using a “loophole.” “This news is as concerning as it gets,” Banks said Thursday during an appearance on Fox News. The Hill ↗

2Compared to what

America’s great building booms, compared

Canals1836–410.66%Railroads1870–902.24%Electrification1905–250.5%Highways1956–731.13%Telecom and fiber1996–20031.1%AI2025–323.63%*183618501900195020002032

At an estimated 3.6% of the economy a year, the AI build-out is larger than the railroad boom and more than three times the highway program. AI spending is an estimate. Source: Stijn Van Nieuwerburgh, as reported by The Wall Street Journal, Sept. 23, 2026

3Also reported

Senior White House officials are discussing whether Commerce Secretary Howard Lutnick should be pushed out amid a spy scandal surrounding Nvidia’s now-former CEO Jensen Huang, two people familiar with the situation said on Thursday. South China Morning Post ↗

Sources

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