On November 5, Nvidia CEO Jensen Huang warned that China will come ahead in the race to develop a new generation of artificial intelligence (AI), while calling on the US to accelerate its efforts.
The head of the world's first company to achieve a capitalization of US$5,000 billion said that Beijing's energy subsidies are contributing to strongly promoting the ambition to develop an advanced semiconductor chip line for AI technology.
As I have said, China is only a few thousand seconds behind the US in the field of AI, he added on X network, emphasizing: The important thing is that the US must win by accelerating and attracting global developers.
After reaching a capitalization of $5,000 billion last week, Nvidia's value has now decreased to about $4,700 billion.
Nvidia's high-end graphics processing chips - used to train and operate generative AI systems - are currently not on sale in China due to national security concerns and Beijing's ban.
Earlier this week, the White House said it still has no intention of allowing Nvidia to sell advanced Blackwell chips in China, citing the risk of giving Beijing a military advantage.
Meanwhile, Mr. Huang has also repeatedly called for the US to ease chip exports because according to the director of Nvidia, this policy only makes China develop faster than domestic technology. From there, Beijing could shorten the gap with Washington and get closer to the top position.
The businessman who often appears in this leather jacket also criticizes new AI regulations issued by US states, saying that is in contrast to China - where the government is subsidizing electricity prices to promote technology.
He said that Western countries, including the US and UK, are being held back by shadyness about AI. However, experts say that Chinese chipmakers will still find it difficult to catch up with Nvidia's technological level before the end of this decade, due to the lack of appropriate software and necessary manufacturing equipment.
