Nvidia CEO: China's AI industry will continue to develop with or without American chips
On May 28, Jensen Huang, CEO of global chip manufacturer Nvidia, stated in a conference call with analysts that the Trump administration's policy restricting sales of Nvidia products to China "weakens America's position." China's AI (artificial intelligence) industry will continue to develop with or without American chips.
Nvidia released its financial report on the same day, showing a 69% year-over-year increase in overall revenue for the first quarter, reaching $44.1 billion, higher than market expectations of $43.1 billion. However, inventory overstock of H20 chips in the first quarter resulted in a $4.5 billion charge; if not restricted, the company should have recorded an additional $2.5 billion in sales. The main reason for the H20 chip surplus was due to the Trump administration's announcement of export restrictions to China.
Huang further stated that China's $50 billion AI market is essentially closed to American industries. These restrictions have not only failed to limit China's AI capabilities but have instead "stimulated Chinese innovation and scale."
He said, "China is one of the largest AI markets globally and also a trampoline for success worldwide. Half of the world's AI researchers are in China, and winning the Chinese platform will lead globally."
Currently, U.S. policies are based on the assumption that China cannot manufacture its own AI chips. Huang pointed out that this assumption has always been problematic, but it is clearly wrong now. "The issue is not whether China will have AI; the question is whether one of the largest AI markets in the world will run on American platforms."
Original article: https://www.toutiao.com/article/1833409674701000/
Disclaimer: This article solely represents the views of the author.