Nvidia founder Jensen Huang successfully lobbied the Trump Administration to lift a ban on selling Nvidia H20 AI chips to China. Huang argued that AI technology can enhance productivity and living standards for both nations. He asserted that the U.S. can maintain an AI edge by ensuring its chips support global AI development. Previously, the Biden Administration restricted these chip sales to limit China's AI advances. Nvidia lost about $2.5 billion in sales due to these restrictions, which also affected future earnings projections.
Nvidia founder and CEO Jensen Huang emphasized that the AI revolution can enhance business productivity, improve living standards, and elevate GDP for both the U.S. and China.
The U.S. government initially restricted sales of Nvidia's powerful chips to China to curb Beijing's AI ambitions, resulting in Nvidia losing approximately $2.5 billion in sales.
Huang argued that to maintain AI leadership, America's tech stack must be available globally, allowing all developers, including those in China, to effectively utilize American technology.
Half of the world's AI researchers are in China, highlighting the importance of collaboration as part of the ongoing AI race between the U.S. and China.
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