Nvidia CEO Jensen Huang mentioned Friday he won’t be going to President-elect Donald Trump’s inauguration — opting to not be part of a number of of his fellow tech titans slated to fly in to Washington, DC.
As an alternative, Huang mentioned he shall be “on the road” celebrating the Lunar New Yr together with his workers and their households.
The Taiwan-born Huang, whose firm has ridden the AI wave to turn into probably the most priceless on the earth, celebrated at an Nvidia celebration in Taipei on Wednesday.
He mentioned he has not spoken with the incoming Trump administration about President Joe Biden’s new synthetic intelligence export guidelines.
“Not yet,” Huang mentioned. “But I’ll look forward to congratulating the Trump administration when they take office.”
Huang attended an Nvidia new 12 months celebration in Shenzhen on Wednesday, in keeping with Chinese language social media posts. He’s anticipated to go to Beijing on Monday for the corporate’s celebration there, a supply near Nvidia mentioned.
That very same day, Tesla and SpaceX founder Elon Musk, Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg and OpenAI CEO Sam Altman are planning to attend the inauguration — even skipping the opening of the World Financial Discussion board in Davos, Switzerland, to stay in DC.
Huang additionally mentioned he had met with C.C. Wei, the chairman of TSMC, Nvidia’s largest provider, for lunch and mentioned increasing manufacturing of Nvidia’s most superior Blackwell AI chips.
As demand for AI chips has skyrocketed, so has Nvidia’s worth. The chip makers has a market cap of $3.4 trillion, and its inventory has soared greater than 140% over the previous 12 months.
However on Monday, the Biden administration revealed new export restrictions on superior pc chips that might put a dent in Nvidia’s revenues.
Nevertheless, new U.S. authorities export restrictions on AI chips could complicate Nvidia’s capacity to ship the sturdy income progress that buyers anticipate.
The rules restrict AI chip exports to most international locations aside from a choose group of shut US allies together with Taiwan.
In addition they keep a block on exports to some international locations, together with China, because the US tries to shut regulatory loopholes and forestall Beijing from buying superior chips that might bolster its army capabilities.
On Monday, Nvidia criticized Washington’s newest effort to tighten its grip on AI chip flows all over the world, saying the regulation would jeopardize present US management in AI.
Whereas it’s unclear how the Trump administration will implement the brand new guidelines, he shares comparable views as Biden on the aggressive risk from China.
Trump’s workforce didn’t instantly reply to a request for remark.
The brand new rules are set to take impact 120 days from publication, giving the brand new administration time to weigh in.
