Nvidia's CEO Jensen Huang has voiced concern about the increasing prowess of Chinese AI companies like Huawei, which are rapidly evolving to fill the void left by US firms restricted from operating in the domestic market. With Nvidia locked out of China, it faces an $8 billion sales loss this quarter. Huang argues that local companies are adapting by turning to Chinese alternatives for AI technology, resulting in narrowing performance gaps between US and Chinese products, highlighting the urgent need for the US government to reconsider export restrictions.
Nvidia's CEO Jensen Huang highlighted increasing competition from Chinese AI firms, stating they are effectively filling gaps left by US firms withdrawing from the market.
During a quarterly earnings call, Huang emphasized the dual challenge of losing substantial sales due to US restrictions while Chinese competitors rapidly advance in technology.
Huang stated, 'The Chinese competitors have evolved,' recognizing that companies like Huawei are becoming significant players in the AI chip landscape.
He warned that 'the gap between US products and Chinese alternatives is decreasing,' particularly mentioning Huawei's rising capabilities in the AI sector.
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