TAIPEI: Nvidia chief executive Jensen Huang said Wednesday that US export controls on artificial intelligence chips to China had failed, with companies using locally developed cutting-edge technology.
Huang said Nvidia’s share of China’s AI chip market had fallen to 50 percent from nearly 95 percent at the beginning of former president Joe Biden’s administration.
“The local companies are very, very talented and very determined, and the export control gave them the spirit, the energy and the government support to accelerate their development,” Huang told reporters at Taiwan’s top tech show, Computex.
“I think, all in all, the export control was a failure,” Huang said, noting companies would use the “second best” option if they couldn’t get Nvidia’s chips.
Washington has sought in recent years to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing’s military systems and otherwise undermine American dominance in AI.
US President Donald Trump’s administration last week rescinded some controls, answering calls by countries that said they were being shut out from crucial technology needed to develop artificial intelligence.
Some US lawmakers feared the restrictions would have incentivised countries to go to China for AI chips, spurring the superpower’s development of state-of-the-art technology.
Nvidia and other chipmakers had lobbied against the curbs.
Huang said Nvidia had written off “multiple billions of dollars” due to the export controls.
He said China’s AI market would be worth $50 billion in 2026, adding “it would be a shame not to be able to enjoy that opportunity, bring home tax revenues to United States, create jobs, sustain the industry.”
“China has a vibrant technology ecosystem, and it’s very important to realize that China has 50 percent of the world’s AI researchers, and China is incredibly good at software,” Huang said.
Huang also praised China-based DeepSeek, saying it had been positive for AI infrastructure and “increased the amount of computing need by maybe 100 to 1000 times.”
“That’s the reason why all over the world, the AI companies are saying their GPUs are melting down,” Huang said.
DeepSeek shook up the world of generative artificial intelligence with the debut of a low-cost, high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths.
Several countries have questioned DeepSeek’s handling of data and believe that the secretive company may be subject to the control of the Chinese government.
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Nvidia CEO Huang says US AI chip export controls a ‘failure’
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Nvidia CEO Huang says US AI chip export controls a ‘failure’
‘Hero’ who disarmed Bondi gunman recovers in hospital as donations pour in
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Sydney resident Ahmed al Ahmed seized rifle from one of the gunmen
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Ahmed was shot in hand and arm his family says
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Australia PM said Ahmed showed ‘best of humanity’
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SYDNEY: Donations for a Sydney man who wrestled a gun from one of the alleged attackers during a mass shooting at Bondi Beach have surged past A$1.1 million ($744,000), as he recovers in hospital after surgery for bullet wounds.
Forty-three-year-old Ahmed al Ahmed, a Muslim father-of-two, hid behind parked cars before charging at one of the gunmen from behind, seizing his rifle and knocking him to the ground.
Prime Minister Anthony Albanese said Ahmed’s bravery saved lives.
“What we’ve seen in the last 24 hours was the worst of humanity in a terrorist act. But we also saw an example of the best of humanity in Ahmed Al Ahmed running toward danger, putting his own life at risk,” Albanese told state broadcaster ABC News.
He was shot twice by a second perpetrator, Albanese said. Ahmed’s family said he was hit in the hand and arm.
Australian police on Monday said a 50-year-old father and his 24-year-old son carried out the attack at a Jewish celebration on Sunday afternoon, killing 15 people in the country’s worst mass shooting in almost 30 years.
HAILED A HERO FOR DISARMING THE GUNMAN
Ahmed’s father, Mohamed Fateh al Ahmed, told ABC News in an interview that his son was an Australian citizen and sells fruits and vegetables.
“My son is a hero. He served in the police, he has the passion to defend people.”
“When he saw people lying on the ground and the blood, quickly his conscience pushed him to attack one of the terrorists and take away his weapon,” Mohamed Fateh said.
Jozay Alkanji, Ahmed’s cousin, said he had had initial surgery and may need more.
AHMED PICTURED IN HOSPITAL
Tributes have poured in from leaders both abroad and at home.
Chris Minns, the premier of New South Wales, where Sydney is located, said in a social media post he visited Ahmed at St. George Hospital and conveyed the gratitude of people across the state.
“Ahmed is a real-life hero,” his post said. “Thank you, Ahmed.” A photo showed Minns at his bedside, and Ahmed propped on pillows with his left arm in a cast.
US President Donald Trump called Ahmed “a very, very brave person” who saved many lives.
A GoFundMe campaign set up for Ahmed has raised more than A$1.1 million within one day. Billionaire hedge fund manager Bill Ackman was the largest donor, contributing A$99,999 and sharing the fundraiser on his X account.
SUPPORTERS THANK AHMED FOR SAVING LIVES
Outside St. George Hospital, strangers came to show their support.
Misha and Veronica Pochuev left flowers for Ahmed with their seven-year-old daughter, Miroslava.
“My husband is Russian, my father is Jewish, my grandpa is Muslim. This is not only about Bondi, this is about every person,” Veronica said.
Yomna Touni, 43, stayed at the hospital for hours to offer assistance on behalf of a Muslim-run charity also raising funds for Ahmed.
“The intention is to raise as much money as possible for his speedy recovery,” she said. ($1 = 1.5047 Australian dollars) (Writing by Praveen Menon; Editing by Michael Perry, Saad Sayeed, Alexandra Hudson)
Sydney resident Ahmed al Ahmed seized rifle from one of the gunmen
*
Ahmed was shot in hand and arm his family says
*
Australia PM said Ahmed showed ‘best of humanity’
*
SYDNEY: Donations for a Sydney man who wrestled a gun from one of the alleged attackers during a mass shooting at Bondi Beach have surged past A$1.1 million ($744,000), as he recovers in hospital after surgery for bullet wounds.
Forty-three-year-old Ahmed al Ahmed, a Muslim father-of-two, hid behind parked cars before charging at one of the gunmen from behind, seizing his rifle and knocking him to the ground.
Prime Minister Anthony Albanese said Ahmed’s bravery saved lives.
“What we’ve seen in the last 24 hours was the worst of humanity in a terrorist act. But we also saw an example of the best of humanity in Ahmed Al Ahmed running toward danger, putting his own life at risk,” Albanese told state broadcaster ABC News.
He was shot twice by a second perpetrator, Albanese said. Ahmed’s family said he was hit in the hand and arm.
Australian police on Monday said a 50-year-old father and his 24-year-old son carried out the attack at a Jewish celebration on Sunday afternoon, killing 15 people in the country’s worst mass shooting in almost 30 years.
HAILED A HERO FOR DISARMING THE GUNMAN
Ahmed’s father, Mohamed Fateh al Ahmed, told ABC News in an interview that his son was an Australian citizen and sells fruits and vegetables.
“My son is a hero. He served in the police, he has the passion to defend people.”
“When he saw people lying on the ground and the blood, quickly his conscience pushed him to attack one of the terrorists and take away his weapon,” Mohamed Fateh said.
Jozay Alkanji, Ahmed’s cousin, said he had had initial surgery and may need more.
AHMED PICTURED IN HOSPITAL
Tributes have poured in from leaders both abroad and at home.
Chris Minns, the premier of New South Wales, where Sydney is located, said in a social media post he visited Ahmed at St. George Hospital and conveyed the gratitude of people across the state.
“Ahmed is a real-life hero,” his post said. “Thank you, Ahmed.” A photo showed Minns at his bedside, and Ahmed propped on pillows with his left arm in a cast.
US President Donald Trump called Ahmed “a very, very brave person” who saved many lives.
A GoFundMe campaign set up for Ahmed has raised more than A$1.1 million within one day. Billionaire hedge fund manager Bill Ackman was the largest donor, contributing A$99,999 and sharing the fundraiser on his X account.
SUPPORTERS THANK AHMED FOR SAVING LIVES
Outside St. George Hospital, strangers came to show their support.
Misha and Veronica Pochuev left flowers for Ahmed with their seven-year-old daughter, Miroslava.
“My husband is Russian, my father is Jewish, my grandpa is Muslim. This is not only about Bondi, this is about every person,” Veronica said.
Yomna Touni, 43, stayed at the hospital for hours to offer assistance on behalf of a Muslim-run charity also raising funds for Ahmed.
“The intention is to raise as much money as possible for his speedy recovery,” she said. ($1 = 1.5047 Australian dollars) (Writing by Praveen Menon; Editing by Michael Perry, Saad Sayeed, Alexandra Hudson)
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