‘China is going to win the AI race’ — Nvidia CEO Jensen Huang decries the price of electricity in the US, contrasts it with China’s subsidized pricing

‘China is going to win the AI race’ — Nvidia CEO Jensen Huang decries the price of electricity in the US, contrasts it with China's subsidized pricing

Jensen Huang made this controversial comment on the sidelines of the Future of AI Summit.

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(Image credit: Getty Images) 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 .

“China is going to win the AI race,” Jensen commented. He also added that “we need more optimism,” saying that the West’s cynicism is holding it back. Huang released a statement on Nvidia’s X account a few hours after FT published his words. “As I have long said, China is nanoseconds behind America in AI. It’s vital that America wins by racing ahead and winning developers worldwide.” The Nvidia CEO previously mentioned this in late September on a podcast, leaning on his stance that he’s been preaching for over a year that export restrictions on his company’s AI chips are detrimental to the U.S.’s long-term interests.

Jensen Huang says China is ‘nanoseconds behind’ the US in chipmaking

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