On this episode of “Uncanny Valley,” our senior business editor joins us to talk about the Trump administration’s deals with chipmakers, OpenAI’s potential $500 billion valuation—and ants.

Nvidia struck a surprising deal after convincing the president that H20 chips aren’t a national security risk. But whether the reversal is good or bad depends on who you ask.

China demonstrates how manipulating economic data can ultimately erode government credibility.