Overview
- Speaking at the Financial Times Future of AI Summit, Huang said China is "on the verge" of winning the AI race and described local electricity for domestic AI efforts as effectively "free."
- Coverage cited provincial policies that cut power bills by about 50% for firms using homegrown chips, which can offset efficiency advantages of foreign hardware.
- Huang pointed to China’s rapid energy buildout, with IAEA data showing roughly 29 nuclear reactors under construction alongside expansions across other generation sources.
- The White House said Nvidia will not be permitted to sell its Blackwell-class processors to China, reinforcing existing U.S. export restrictions.
- After the interview, Nvidia amplified a softer X post from Huang saying China is only "nanoseconds" behind and urging the U.S. to win by leading and attracting developers, while warning that proliferating state regulations could stifle innovation.