Nvidia CEO Jensen Huang praised China’s AI models at a supply chain expo in Beijing, highlighting the impact of models like DeepSeek and Alibaba. The company expects to resume H20 chip shipments to China soon after halting sales in April due to U.S. restrictions, causing a $2.5 billion sales miss in April.
The U.S. chip restrictions have impacted Nvidia’s share in China, with the company expected to lose $8 billion in the July quarter. Huang warns of Huawei benefiting from U.S. AI chip curbs. Chinese companies like Alibaba, Tencent, and Baidu have released their own AI models despite limited access to training chips.
Huang also praised Chinese companies for their open-source approach to AI, allowing developers to access code for free. He emphasized the importance of open-source technology for AI safety and global cooperation on standards. The latest U.S. export controls on Nvidia aim to prevent advanced semiconductor sales to China over defense sector concerns.
In response to U.S.-China trade talks, restrictions on high tech exports to China are easing, and Beijing has resumed rare earths exports to the U.S. Huang has pushed back against concerns of China’s military using U.S. technology, emphasizing the need for global access to ensure China remains an AI leader.
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