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Tag: peril

  • News Analysis: With Gaza deal, praise and peril for Trump

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    At a moment when hope for peace seemed lost, senior U.S. officials, led by then-Secretary of State Hillary Clinton, brokered a ceasefire between Israel and Hamas in 2012 that would be touted for years as a historic diplomatic achievement. She would later campaign on her strategic prowess for the presidency against Donald Trump.

    In 2014, a similar ceasefire was brokered between the two parties during yet another war by Clinton’s successor, John Kerry, also seen at the time as a diplomatic coup. But in the first 72 hours of that ceasefire, without clarity on the precise lines of an Israeli withdrawal from Gaza, Hamas operatives ambushed an Israeli Defense Forces patrol decommissioning a tunnel, throwing peace in doubt. The remains of the Israeli soldier caught in that raid have been held by Hamas ever since.

    History shows that Trump’s achievement this week, brokering a new truce between Israel and Hamas after their most devastating war yet, is filled with opportunity and peril for the president.

    A lasting ceasefire could cement him a legacy as a peacemaker, long sought by Trump, who has harnessed President Nixon’s madman theory of diplomacy to coerce several other warring parties into ceasefires and settlements. But the record of the Israeli-Palestinian conflict shows that consistent interest and engagement by the president may be necessary to ensure any peace can hold.

    Hamas and Israel agreed on Wednesday to implement the first phase of Trump’s proposed 20-point peace plan, exchanging all remaining Israeli hostages held by Hamas since its Oct. 7, 2023, attack on Israel in exchange for 1,700 detainees from Gaza, as well as 250 Palestinian prisoners serving life sentences in Israel.

    Only the first phase has been agreed to thus far.

    Guns are expected to fall silent Friday, followed by a partial withdrawal of Israeli forces that would initially leave roughly half of the Gaza Strip — along its periphery bordering Israel — within Israeli military control. A 72-hour clock would then begin after the partial withdrawal is complete, counting down to the hostage release.

    Achieving this alone is a significant victory for Trump, who leveraged deep ties with Arab partners built over his first administration and political clout among the Israeli right and with its prime minister, Benjamin Netanyahu, to bring the deal to a close.

    The president’s special envoy to the Middle East, Steve Witkoff, had been working toward a ceasefire for months, starting back during the presidential transition period nearly one year ago. He found little success on his own.

    Secretary of State Marco Rubio writes a note before handing it to President Trump during a White House meeting Wednesday.

    (Evan Vucci / Associated Press)

    It was Jared Kushner, Trump’s son-in-law who designed the Abraham Accords in Trump’s first term and maintains close ties with Netanyahu and Arab governments, took an unofficial yet active role in a recent diplomatic push that helped secure an agreement, according to a U.S. official familiar with the matter.

    “None of this would have happened without Jared,” the source said.

    Speaking with reporters from the White House, Trump took a victory lap over the truce, claiming not only credit for a hostage and ceasefire deal but the historic achievement of a broader Middle East peace.

    “We ended the war in Gaza and really, on a much bigger basis, created peace. And I think it’s going to be a lasting peace — hopefully an everlasting peace. Peace in the Middle East,” Trump said.

    “We secured the release of all of the remaining hostages,” he added. “And they should be released on Monday or Tuesday — getting them is a complicated process. I’d rather not tell you what they have to do to get them. They’re in places you don’t want to be.”

    An opening emerged for a diplomatic breakthrough after Israel conducted an extraordinary strike on a Hamas target in Doha, shaking the confidence of the Qatari government, a key U.S. ally. While Doha has hosted Hamas’ political leadership for years, Qatar’s leadership thought their relationship with Washington would protect them from Israeli violations of its territory.

    Trump sought a deal with Qatar, a U.S. official said, that would assure them with security guarantees in exchange for delivering Hamas leadership on a hostage deal. Separately, Egypt — which has intelligence and sourcing capabilities in Gaza seen by the U.S. government as second only to Israel’s — agreed to apply similar pressure, the official said.

    “There’s an argument here, that presumably the Qataris are making to Hamas — which is that they lost, this round anyway, and that it’s going to take them a very long time to rebuild. But the war must come to an end for the rebuilding to start,” said Elliott Abrams, a veteran diplomat from the Reagan, George W. Bush and first Trump administrations.

    “On Friday, the Nobel Peace Prize will be announced, and he won’t get it,” Abrams said, adding that, if the deal falls through, “I think the Israelis are going to be saying to him, ‘This is a game. They didn’t really accept your plan.’”

    “I don’t think, in the end, he’ll blame the Israelis for ruining the deal,” Abrams continued. “I think he’ll blame Hamas.”

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    Michael Wilner

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  • Nvidia CEO Jensen Huang says his AI powerhouse is ‘always in peril’ despite a $1.1 trillion market cap: ‘We feel it’

    Nvidia CEO Jensen Huang says his AI powerhouse is ‘always in peril’ despite a $1.1 trillion market cap: ‘We feel it’

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    Nvidia is on a tear. It is also, according to its billionaire CEO Jensen Huang, in peril.

    The semiconductor maker, whose processors are used in gaming, data centers, and autonomous vehicles, plays a key role in the artificial-intelligence boom that has rejuvenated Silicon Valley. Tech giants compete to buy up its expensive AI chips. This year it joined the select group of companies with a market cap of $1 trillion more.

    But “there are no companies that are assured survival,” Huang warned Thursday at the Harvard Business Review’s Future of Business event.

    Nvidia in its 30-year history has faced several existential threats, which helps explain why Huang recently told the Acquired podcast that “nobody in their right mind” would start a company. For example, it almost went bankrupt in 1995 after its first chip, the NV1, failed to attract customers. It had to lay off half its employees before the success of its third chip, the RIVA 128, saved it a few years later.

    “We have the benefit of building the company from the ground up and having not-exaggerated circumstances of nearly going out of business a handful of times,” Huang said this week, as Observer reported. “We don’t have to pretend the company is always in peril. The company is always in peril, and we feel it.”

    But Huang thinks it’s important to avoid getting too stressed about it.

    “I think the company living somewhere between aspiration and desperation is a lot better than either [being] always optimistic or always pessimistic,” he noted.

    One challenge the Santa Clara, Calif.-based chipmaker now faces is the tightening of U.S. rules on tech exports to China. That could result in Nvidia losing billions of dollars after canceling planned deliveries to Chinese companies.

    “The restriction is a capability restriction,” Huang said. “It’s not an absolute restriction…The first thing we need to do is to comply with the regulation and understand what the limits are and, to the best of our ability, offer products that can still be competitive.”

    But trying to sell chips with decreased capabilities in China leaves Nvidia more exposed to competition from local rivals. “It’s not easy, and competitors are moving quickly,” Huang said. “It’s like anything else that you gotta stay alert and do the best you can.”

    Meanwhile despite Nvidia blowing past expectations in recent quarters, many analysts warn that competition from rival AMD and others is sure to intensify. Among them is David Trainer, chief of research firm New Constructs.

    “The rest of the world won’t just roll over and let them dominate AI,” Trainer told Fortune in August. “They’re facing the same curse as Tesla. Nvidia benefited like Tesla from being first to market. But when Tesla got profitable, loads of competitors entered the EV space, cutting its margins and slowing sales. The same will happen for Nvidia.”

    Huang told Acquired that he’s read the business books by former Intel CEO Andrew Grove, calling them “really good.” Among those is Only the Paranoid Survive.

    Huang seems to have taken it to heart.

    “If you don’t think you are in peril,” he said this week, “that’s probably because you have your head in the sand.”

    This story was originally featured on Fortune.com

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