Jensen Huang

And there's several different aspects of the deal that show that ByteDance is going to potentially have a board seat, that ByteDance will still have oversight over key parts of the business and its own executives leading key parts of TikTok's business.

So it really seems the more that you drill down into the deal that is on the table, that there are a lot of

points that make it seem like there is in fact going to be an operational relationship, which would probably not pass legal muster.

Bloomberg's Alex Levine, relentlessly on this story.

We thank you and I'm sure we'll come back on it.

Meanwhile, let's keep the discussion going on U.S.-China relations and its impact on the tech sector at large.

Amy Webb is with us.

She's a founder and CEO of Future Today Strategy Group and a professor at NYU Stern School of Business.

You and your colleagues, you develop predictive scenarios, executable strategies for organizations worldwide with research specializations.

You particularly look at AI, at biotech.

And Amy...

What did you make of Trump and Xi's relations this week?

Because much was left unsaid rather than just said.

That's right.

I mean, I think the result here was certainly a de-escalation rather than a full reset, but it definitely did not end the AI Cold War or some of the consternations around other frontier technologies that are often in the mix when we talk about these two countries.

So I would argue that this sort of moves the battlefield away from tariffs, but over to transistors for the time being.

Okay, let's go to transistors because much was hyped that maybe Blackwell architecture chips from NVIDIA would be discussed between the two leaders, and it wasn't.

We understand today that Jensen Wang is still optimistic that he'll get some sort of access to China.

What do you think about the realities of that?

Well, I think at the moment what we have is predictability, where all we had before was growing uncertainty.