The U.S. government has given artificial intelligence giants Nvidia and AMD the green light to sell some chips to China in exchange for a 15% cut of the revenue. Technology journalist Jacob Ward joins CBS News to dig into the deal and some of the other top AI stories.

Chip giants Nvidia and AMD have agreed to pay the US government 15% of Chinese revenues as part of an "unprecedented" deal to secure export licences to China, the BBC has been told.