Story perspectives

Trump Praises Nvidia; Texas AI Factory Gets $50 M, 1,000 Jobs

6/17/2026

Summary

Story summary

President Donald Trump praised Nvidia CEO Jensen Huang and called AI an “amazing industry”.
Nvidia and Coherent will expand a Sherman, Texas factory with $33 million CHIPS Act funds, a $17 million grant and 1,000 jobs.
Economists Jessica and Jonathan Wachter say $380 billion AI spending last year could double, raising AI’s GDP share from 3% to 8%–39% while the Trump administration imposed export controls on Anthropic’s models and ordered AI system vetting.

1 of 1

Story summary

President Donald Trump praised Nvidia CEO Jensen Huang and called AI an “amazing industry”.
Nvidia and Coherent will expand a Sherman, Texas factory with $33 million CHIPS Act funds, a $17 million grant and 1,000 jobs.
Economists Jessica and Jonathan Wachter say $380 billion AI spending last year could double, raising AI’s GDP share from 3% to 8%–39% while the Trump administration imposed export controls on Anthropic’s models and ordered AI system vetting.