Nvidia CEO Jensen Huang says Washington has lost its edge in artificial intelligence and warns that China will win the AI race. He cited the West's cynicism, export controls, and favorable energy circumstances in China as the reason, claiming it is much easier for companies to access energy in the country.
The chief of the most valuable company in the world by market cap has long been saying that the U.S. ban on chip exports is a failure, and that the spread of its advanced semiconductors is vital for it to retain its competitive advantage globally. However, the ongoing trade war between the two powers has resulted in export bans of Blackwell chips from the White House on the one hand, and the CCP banning foreign AI chips from state-funded data centers on the other. Because of this, Nvidia’s market share in China has since dropped to basically zero, which probably led to Huang’s statement to the Financial Times.
