Overview
- The Financial Times quoted Nvidia CEO Jensen Huang saying “China is going to win the AI race,” citing cheaper energy and looser rules, before he later emphasized that China is only “nanoseconds behind” and urged the U.S. to “race ahead.”
- Microsoft CEO Satya Nadella said his immediate constraint is electricity and data‑center shells rather than chips, warning he has GPUs he cannot plug in and calling power the binding limit to near‑term AI deployment.
- OpenAI CFO Sarah Friar’s talk of a potential government “backstop” for AI financing drew criticism before she clarified, and CEO Sam Altman stated the company does not have or want government guarantees for data centers.
- Altman said OpenAI discussed possible U.S. loan guarantees only for semiconductor fabs, detailed about $1.4 trillion in planned commitments over eight years, and projected an annualized revenue run rate above $20 billion in 2025 with ambitions for hundreds of billions by 2030.
- U.S. officials continue to restrict sales of Nvidia’s top‑end Blackwell chips to China, while analysts highlight cooling enterprise AI adoption and rising concerns about returns from large AI infrastructure bets.