President Donald Trump’s “gold card” visa program, which demands a $1 million investment for legal U.S. residency, has granted approval to only one person so far, the White House says. Commerce Secretary Howard Lutnick added that hundreds of applications are waiting in the queue. The scheme is intended to draw wealthy investors and could ultimately offer a route to citizenship.
The White House has accused China of industrial scale theft of intellectual property from American AI labs, saying the alleged practice exploits US innovation. Reporting by the Financial Times suggests the administration is preparing a direct crackdown. The move signals a hardening of international technology relations, with AI security at the center of US-China tension.
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