Nvidia CEO praises China’s advancements in AI at Beijing expo.
An estimated 650 companies from 60 countries convened at the China International Supply Chain Expo in Beijing, showcasing the rapidly evolving landscape of global commerce. This event has underscored China’s pivotal role in international supply chains and its commitment to fostering innovation in technology sectors.
Nvidia CEO Jensen Huang addressed attendees during the expo’s opening ceremony, emphasizing the significance of China’s open-source artificial intelligence as a catalyst for global advancement. Huang referred to AI as a transformative force across various industries, including scientific research, healthcare, energy, transportation, and logistics. His insights reflect a growing recognition that innovation is increasingly becoming a collaborative endeavor, with contributions from nations worldwide.
In a notable development, Nvidia resumed sales of its H20 AI chips to China after the U.S. government announced it would lift certain licensing restrictions that had previously hampered exports. This strategic shift highlights the evolving dynamics of international trade and cooperation. Huang acknowledged that Chinese AI startups, such as DeepSeek, are not merely participants in the AI revolution but are actively empowering countries and industries globally to harness the potential of artificial intelligence.
The California-based Nvidia specializes in advanced semiconductor technology, yet had faced challenges exporting its most sophisticated chips to China due to apprehensions regarding their potential military applications. The H20 chip was designed as a less advanced alternative specifically for the Chinese market, yet its distribution was delayed following the tightening of U.S. export regulations under the previous administration.
The U.S. government’s current assurances regarding the issuance of necessary licenses have revitalized Nvidia’s plans for the Chinese market. In addition to the H20 chip, Nvidia has announced the development of the RTX Pro GPU, aligning it with U.S. export compliance. This momentum has positively impacted global tech stocks, with the Nasdaq Composite Index reaching record highs, illustrating the intertwined nature of technological progress and international markets.
As China navigates a challenging economic landscape marked by consumer hesitancy and ongoing issues within its property sector, President Xi Jinping has reiterated the importance of self-reliance amid external uncertainties. The China International Supply Chain Expo serves as a testament to the country’s vision of becoming a cornerstone of global logistics and trade. This initiative not only highlights China’s critical role in the world economy but also reaffirms its commitment to fostering international partnerships, thereby enhancing its position within global supply chains.
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