Nvidia CEO lauds China’s AI progress
Jensen Huang, CEO of Nvidia, praised China's rapid advancements in artificial intelligence (AI) during his visit to Beijing, highlighting the country's large and dynamic market. In a meeting with Ren Hongbin, chairman of the China Council for the Promotion of International Trade, Huang emphasized the importance of AI technologies in enhancing supply chain stability and efficiency. He noted the complexity of global supply chains, stating that it takes around 200 technology companies to build one of Nvidia's AI computers.
Huang expressed admiration for the thriving AI ecosystem in China, pointing to numerous startups and major cloud service providers like Alibaba and Tencent. He remarked on the diverse applications of AI in various sectors, including consumer services and self-driving cars, and expressed satisfaction with the development of AI in the country.
This visit marks Huang's third trip to China in 2025, where he is set to attend the third China International Supply Chain Expo. Nvidia is also seeking to resume sales of AI chips to China, having applied for U.S. export licenses. This move comes amid ongoing U.S.-China trade negotiations and follows Huang's recent meeting with U.S. President Donald Trump. Nvidia's AI chips have been under scrutiny due to concerns about their potential military applications in China, with the company estimating that U.S. export controls could reduce its sales by $15 billion.
Despite facing competition from Chinese tech firms like Huawei, Nvidia aims to develop a new model of its AI chips for the Chinese market that complies with U.S. regulations. The company’s shares rose significantly following the announcement, reflecting optimism about its growth prospects in AI. Huang maintains that re-establishing sales to Chinese AI developers is crucial for Nvidia's global leadership in the AI sector.
