Nvidia CEO Hails China’s AI at Supply Chain Expo in Beijing

• Nvidia CEO Jensen Huang calls China’s AI a catalyst for global progress.
• The China International Supply Chain Expo attracted 650 companies from 60 countries.
• Nvidia will resume sales of H20 AI chips to China after U.S. policy changes.
• Huang emphasizes the transformative power of AI across various industries.
• Nvidia plans new RTX Pro GPU compliant with export restrictions.

Nvidia’s CEO Speaks at Important Supply Chain Expo

The China International Supply Chain Expo held in Beijing has attracted roughly 650 companies from 60 countries, illustrating the potential and importance of global trade. At this expo, Nvidia CEO Jensen Huang lauded China’s open-source artificial intelligence as a “catalyst for global progress,” emphasizing its revolutionary impact on various industries, especially supply chains. This event marked a significant moment, not just for Nvidia but for the tech industry as a whole, as Huang’s own company recently hit a monumental $4 trillion market value, a first for a U.S. firm.

AI’s Role in Transforming Industries

In his speech during the opening ceremony held on Wednesday, Huang didn’t shy away from highlighting the importance of AI in transforming areas like scientific research, healthcare, and transportation. He specifically noted the capabilities of Chinese AI startups like DeepSeek, emphasizing that they give every country a chance to participate in the ongoing AI revolution. Just the day before his speech, an important announcement came from Nvidia regarding the resumption of H20 AI chip sales to China, following a decision by the U.S government to lift prior export licensing restrictions. This shift has been welcomed by Huang as a breath of fresh air for the market.

The Global Economic Landscape is Shifting

The implications of Nvidia’s announcements are wide-reaching. As pressures ease around export controls, new chips are on the horizon for Chinese clients. The H20 chip, which is specifically designed for export, faced setbacks previously due to tightened restrictions imposed during the Trump administration. However, recent trade negotiations between the U.S. and China seem to have created a pathway for Nvidia. Moreover, the tech firm is now also focusing on developing a new chip called the RTX Pro GPU, ensuring compliance with U.S. regulations. This news has had a palpable ripple effect in global markets, with tech stocks – particularly in the U.S. and Hong Kong – seeing an uptick, as investors reacted positively to the increasing tech collaboration between the two nations. The heightened U.S. curbs on exports came as China’s economy faced its own challenges, from faltering consumer confidence to a significant real estate crisis contributing to diminished growth prospects. In light of these factors, President Xi Jinping has recently advocated for greater self-reliance, underscoring the importance of maintaining a robust global supply chain. Al Jazeera’s Katrina Yu pointed out that China is keen to position itself not only as a leader in trade but also as an essential player within global logistics, reflecting an intent to counteract the narrative of U.S. dominance.

In conclusion, Nvidia’s recent spotlight on China’s AI and its upcoming chip sales could signify a pivotal shift in tech trade relations and emphasize China’s resilience amidst economic challenges. As the world watches, the unfolding dynamics between the U.S. and China will be crucial. With Huang’s bullish comments, the tech landscape appears to be gearing up for new opportunities as markets react favorably to these developments.