Nvidia CEO Huang Warns Export Bans Empower Chinese AI Firms
Huang Says Rules Shut Nvidia Out of $50B China Market, Gives Rivals Long-Term Edge
CEO Jensen Huang says new U.S. chip restrictions on China forced Nvidia to write down $4.5 billion in AI inventory and will hurt American leadership in global infrastructure as Chinese firms gain momentum. The rules fuel China’s rise and jeopardize U.S. infrastructure dominance, according to Huang.
CEO Jensen Huang says new U.S. chip restrictions on China forced Nvidia to write down $4.5 billion in AI inventory and will hurt American leadership in global infrastructure as Chinese firms gain momentum. The rules fuel China’s rise and jeopardize U.S. infrastructure dominance, according to Huang.