Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Business

Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

by April 30, 2025
April 30, 2025
Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI

Nvidia CEO Jensen Huang said on Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”

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-time, 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 tech, all these central 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.

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 AI 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.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Crypto Market Recap: Meme Coins Make Regulatory Waves, SEC Delays XRP and DOGE ETF Decisions
next post
US-Ukraine inching toward mineral deal amid last-minute roadblocks

You may also like

Trump Organization sues Capital One bank over account...

Retail sales slumped 0.9% in January, down much...

Vanguard fined more than $100 million by SEC...

MSNBC President Rashida Jones steps down after four-year...

Nvidia says it is not sending GPU designs...

The trucking industry hits the brakes with tariffs...

Grocery stores are rationing eggs as supply falls...

What’s Turo? The ‘Airbnb of cars’ was used...

Immersive entertainment company Cosm lands rights to broadcast...

‘Eat now, pay later’? DoorDash-Klarna deal fuels concerns...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • On the streets of Tehran, guarded hope and rising doubt as nuclear...

    • US to impose sanctions on Sudan after finding government used chemical weapons

    • Man sleeps through massive container ship running aground on his front lawn

    • China says Trump Harvard ban will ‘tarnish’ US image as students caught in crosshairs

    • Iran doesn’t believe a nuclear deal is likely, sources say, as talks with US set to resume

    Categories

    • Business (466)
    • Investing (2,192)
    • Politics (3,628)
    • Uncategorized (1)
    • World (2,325)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top