Losing China’s artificial intelligence ( AI ) market, according to Nvidia CEO Jensen Huang, would be a huge loss, with the market poised for significant growth in the upcoming years as the chip designer struggles to tighten export restrictions from Washington.
In an appointment with US broadcaster CNBC on Tuesday, Huang claimed that China’s Artificial industry is likely to increase to US$ 50 billion in the next two to three years. It would be a huge reduction if we weren’t able to address it as an American business, he said.
Selling to China may also contribute to taxes, bring in more money, and” make a lot of jobs,” he continued. ” The active of the world today. You must maintain agility.
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The US silicon company is grappling with the effects of US export controls, which were just expanded to include Nvidia’s H20 AI cards. Google Holdings and ByteDance, two of China’s largest tech companies, now use these chips to create and train their Artificial models.
Nvidia began selling the H20 cards in the first 2024s after the highly developed A100, H100, A800, and H800 AI cards were all placed under US trade controls designed to address national security concerns. Nvidia has provided modified versions of its cards in response to the US tightening these limits.
Huang has repeatedly emphasized the significance of China’s AI industry, as the company works to keep a foothold there, where it contributed around 14 % of its revenue next year, accounting for US$ 11.7 billion.
In a recent interview with US journalists in Washington, Huang claimed that China is “right behind” the US in the Artificial market.
He also rebuffed Huawei Technologies ‘ claims that the Shenzhen-based telecoms products company is “one of the most formidable technology companies in the world,” given that the company has made significant progress in recent years with “essential skills to advance AI.”
Huang argued that Washington should change the rules for exporting AI systems from the US to other countries so that British businesses can better capitalize on potential future successes.
Huang made a surprise visit to China in the middle of April after Chinese clients were prohibited from exporting their custom-made H20 Artificial cards. The company made it known before the trip that the H20 regulations would value it US$ 5.5 billion.
Huang met with senior government officials during the trip, including Shanghai president Gong Zheng and Vice-Premier He Lifeng, who oversees US-China trade deals.
According to state-owned China Central Television, Huang even met with Ren Hongbin, the head of the China Council for the Promotion of International Trade, in which he expressed desire that Nvidia would continue to collaborate with China.
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