Overview
- The Financial Times quoted Nvidia CEO Jensen Huang saying China is “going to win the AI race,” and Nvidia soon issued a tempered statement from him calling China “nanoseconds behind” and urging the U.S. to race ahead, with shares recovering after the clarification.
- Microsoft CEO Satya Nadella said GPUs are sitting idle because of power shortages and a lack of “warm shells,” emphasizing that data‑center capacity rather than chip supply is the binding constraint.
- The White House reiterated it is not interested in allowing sales of Nvidia’s most advanced Blackwell chips to China, underscoring ongoing export limits despite Nvidia’s push to expand access.
- OpenAI CFO Sarah Friar walked back earlier remarks about exploring a federal “backstop,” saying the company is not seeking government guarantees for its infrastructure spending.
- OpenAI CEO Sam Altman said the company does not want government guarantees for data centers, noted discussions about loan guarantees only for U.S. semiconductor fabs, and projected an annualized revenue run rate above $20 billion with about $1.4 trillion in capital commitments over eight years.