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Today's Topics:
1. Nvidia CEO Jensen Huang warns China is ?not behind? in AI
(Stephen Loosley)
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Message: 1
Date: Fri, 02 May 2025 00:24:29 +0930
From: Stephen Loosley <[email protected]>
To: "link" <[email protected]>
Subject: [LINK] Nvidia CEO Jensen Huang warns China is ?not behind? in
AI
Message-ID: <[email protected]>
Content-Type: text/plain; charset="UTF-8"
Nvidia CEO Jensen Huang warns China is ?not behind? in AI
By Kif Leswing Published Wed, Apr 30 2025
https://www.cnbc.com/2025/04/30/nvidia-ceo-jensen-huang-says-china-not-behind-in-ai.html
Key Points
Nvidia CEO Jensen Huang said that ?China is not behind? in artificial
intelligence, and that Huawei is ?one of the most formidable technology
companies in the world.?
Huang was in Washington, D.C., to speak at a tech conference.
?China is right behind us,? Huang said. ?We are very close. Remember this is a
long-term, infinite race.?
Speaking to reporters at a tech conference in Washington, D.C., Huang said
China may be ?right behind? the U.S. for now, but it?s a narrow gap.
?We are very close,? he said. ?Remember this is a long-term, infinite race.?
Nvidia has become key to the world economy over the past few years as it makes
the chips powering the majority of recent advanced AI applications. The company
faces growing hurdles in the U.S., including tariffs and a pending Biden-era
regulation that would restrict the shipment of its most advanced AI chips to
many countries around the world.
The Trump administration this month restricted the shipment of Nvidia?s H20
chips to China without a license.
That technology, which is related to the Hopper chips used in the rest of the
world, was developed to comply with previous U.S. export restrictions. Nvidia
said it would take a $5.5 billion hit on the restriction.
Huawei, which is on a U.S. trade blacklist, is reportedly working on an AI chip
of its own for Chinese customers.
?They?re incredible in computing and network technology, all these essential
capabilities to advance AI,? Huang said.
?They have made enormous progress in the last several years.?
Nvidia has made the case that U.S. policy should focus on making its companies
competitive, and that restricting chip sales to China and other countries
threatens U.S. technology leadership.
Huang called again for the U.S. government to focus on AI policies that
accelerate the technology?s development.
?This is an industry that we will have to compete for,? Huang said.
President Trump on Wednesday called Huang ?my friend Jensen,? cheering the
company?s recent announcement that it planned to build $500 billion in AI
infrastructure in the U.S. over the next five years.
Huang said he believes Nvidia will be able to manufacture its artificial
intelligence devices in the U.S. The company said earlier this month that it
will assemble AI servers with its manufacturing partner Foxconn near Houston.
?With willpower and the resources of our country, I?m certain we can
manufacture onshore,? Huang said.
Nvidia shares are down more than 20% this year, sliding along with the broader
market, after almost tripling in value last year. The stock fell almost 3% on
Wednesday.
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