UPDATE 1-Nvidia CEO Huang Says Countries Must Build Sovereign AI Infrastructure | Old North State Wealth News
Connect with us


UPDATE 1-Nvidia CEO Huang says countries must build sovereign AI infrastructure



(Updates with details)

AMSTERDAM, Feb 12 (Reuters) – Nvidia CEO Jensen Huang said on Monday that every country needs to have its own artificial intelligence infrastructure in order to take advantage of the economic potential while protecting its own culture.

“You cannot allow that to be done by other people,” Huang said at the World Government Summit in Dubai.

Huang, whose firm has catapulted to a $1.73 trillion stock market value due to its dominance of the market for high-end AI chips, said his company is ‘democratizing’ access to AI due to swift efficiency gains in AI computing.

“The rest of it is really up to you to take initiative, activate your industry, build the infrastructure, as fast as you can.”

He said that fears about the dangers of AI are overblown, noting that other new technologies and industries such as cars and aviation have been successfully regulated.

“There are some interests to scare people about this new technology, to mystify this technology, to encourage other people to not do anything about that technology and rely on them to do it. And I think that’s a mistake.”

Following a new round of U.S. restrictions in October imposed on some of its AI chips, Nvidia said in November it was working with customers in China and the Middle East to obtain export licenses for new products that would comply with U.S. rules.

The CEO did not address that issue on Monday.

Nvidia is due to report fourth-quarter earnings on Feb. 21.

(Reporting by Toby Sterling; Editing by Christopher Cushing & Shri Navaratnam)

Read the full article here


Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.