NVIDIA CEO Jensen Huang spoke with reporters in Singapore on Wednesday, speaking about their dominant place within the AI market with growing AI GPU competitors, in addition to saying it’s going to adjust to new US rules.
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China has a booming AI chip market that’s value $7 billion, and NVIDIA takes a dominating 90% share of that AI chip market, which is why the current US sanctions are going to vary that. The brand new US sanctions additionally create a possibility for Chinese language rivals to spice up their very own AI chip foothold whereas NVIDIA creates alternate AI GPU options.
Huang spoke with reporters whereas he was in Singapore on Wednesday, the place he’s assembly up with Prime Minister Lee Hsien Loong to speak about all issues AI. Huang mentioned: “NVIDIA has been working very carefully with the U.S. authorities to create merchandise that adjust to its rules. Our plan now could be to proceed to work with the federal government to provide you with a brand new set of merchandise that adjust to the brand new rules which have sure limits”.
The corporate is conscious of its rivals within the likes of AMD, Intel, Huawei, and others within the AI GPU market, with Huang particularly citing Huawei. The NVIDIA founder mentioned to a reporter: “We’ve got loads of rivals, in China and outdoors China. Most of our rivals do not actually care the place I’m. They need to compete with us in all places we go“.
Huang mentioned that China-based Huawei was a “formidable” competitor within the AI GPU enterprise.
US Commerce Secretary Gina Raimondo mentioned on the weekend: “We can not let China get these chips. Interval. We’ll deny them our most cutting-edge expertise. I do know there are CEOs of chip firms on this viewers who have been a little bit cranky with me once I did that since you’re shedding income. Such is life. Defending our nationwide safety issues greater than short-term income“.
3Hell, we’re seeing the GeForce RTX 4090 — NVIDIA’s flagship gaming GPU — being torn aside and became an AI accelerator due to US sanctions in China. It isn’t only one outlet doing it both, with a number of Chinese language companies working across the restrictions the Biden administration is placing up on the subject of AI GPUs.
Keep in mind that China represents round 20% of NVIDIA’s gross sales, so it might’t piss the US authorities off an excessive amount of by pushing right into a $7 billion AI market when it already owns 90%+ of it. Huang mentioned NVIDIA will adhere to US commerce rules “completely” and that he has to navigate more and more difficult US-China commerce tensions which have taken purpose at NVIDIA’s dominant AI GPUs as strategically vital, additionally known as weapons of warfare.
Meta’s chief scientist just lately mentioned that there’s an “AI warfare” taking place proper now, and that NVIDIA CEO Jensen Huang is “supplying the weapons,” including, “in case you assume AGI is in, the extra GPUs you must purchase“.
