Nvidia chief executive officer Jensen Huang on Wednesday, April 30, said that China is not behind in the artificial intelligence industry and noted that Huawei is one of the most formidable technology companies in the world.
The mentioned statements were made by Mr. Huang during his speech to reporters at a tech conference in Washington, D.C. According to him, China may be right behind the United States for now, but this is a narrow gap. He stated that the two countries are very close. The head of Nvidia also noted that the artificial intelligence race is a long-term and infinite one.
Over the past few years, the mentioned company’s position has significantly strengthened. Nvidia is developing chips that are necessary for training and ensuring the subsequent operation of artificial intelligence systems. The company’s products are very popular in the context of the so-called AI boom currently underway. Last year, Nvidia’s market capitalization crossed the historical mark of $3 trillion.
Media reports say Huawei, which is on a US trade blacklist, is working on its own artificial intelligence chip. Jensen Huang stated that this company is incredible in computing and network technology, all these essential capabilities to advance AI. He also noted that Huawei has made enormous progress over the past few years.
Nvidia is currently facing difficulties in the United States. The specified situation, among other things, is related to the tariffs imposed by the administration of US President Donald Trump on almost all countries of the world, including China. This month, Washington restricted shipments of Nvidia’s H20 chips to the mentioned Asian country without a license. The company said that the specified measure would take a $5.5 billion hit for it.
Jensen Huang stated that, in his opinion, Nvidia will be able to produce its artificial intelligence devices in the United States. He also called on the US government to focus on AI policies, noting that this is an industry that Washington will have to compete for.
As we have reported earlier, Nvidia Announces New AI Chips.
