Nvidia Corp.’s once-dominant presence in China’s artificial intelligence chip market has evaporated, with its share plunging from 95% to zero, according to founder and chief executive Jensen Huang, reports Caixin. Speaking at a Citadel Securities event on Oct. 6, Huang attributed the collapse to US export controls and called the policy a “mistake” that could be counterproductive to American interests.
“At the moment, we’re 100% out of China,” Huang said in remarks from the event released Oct. 16. “We will continue to explain and inform and hold on to hope for a change in policy.”
Huang argued that barring China from accessing foundational US technologies used in AI research is a strategic blunder. China accounts for roughly half the world’s AI researchers, he said. “It’s a mistake not to have those researchers build AI on American technology.” “What harms China could oftentimes also harm America, and even worse,” he said.