Overview
- Speaking at the Financial Times’ Future of AI Summit, Jensen Huang said “China is going to win the AI race,” marking his bluntest assessment yet of the rivalry.
- He contrasted Beijing’s subsidized energy and streamlined rules with growing constraints in Western markets, which he said raise AI development costs.
- Nvidia shares dropped late Wednesday after the FT published the remarks, according to market reporting.
- The comments land as President Trump says Nvidia’s most advanced Blackwell chips should be reserved for U.S. customers, and Nvidia has not sought export licenses for those top-tier processors in China.
- Reports indicate China has directed new state-funded data centers to use domestic AI chips and expanded subsidies that lower operating costs, while separate reports say Nvidia and AMD agreed to remit a portion of China-tailored chip revenue to U.S. authorities.