Trump to steer billions from elite universities to AI to counter China

The US is overhauling its science and tech funding strategy to keep pace with China’s rapid technological rise. In a major policy shift, the Trump administration plans to redirect billions in federal research dollars away from elite universities, channelling them directly into frontline artificial intelligence (AI), quantum and semiconductor research. SCMP senior AI reporter Vincent Chow breaks down Washington’s new strategy, America’s flagship Genesis Mission and how private tech giants like Nvidia stand to gain.