Nvidia's Huang May Have Won China Reprieve
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Nvidia stock rose in premarket trading Friday after CEO Jensen Huang met with Chinese Commerce Minister Wang Wentao Thursday, in a sign it might deepen ties with China further.
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"You know this is no different than getting three opinions. Three doctors' opinions. I do the same thing," Huang said.
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Huang’s comments stand in stark contrast to those of Anthropic CEO Dario Amodei, who said AI could eliminate half of all entry-level white collar jobs and spike unemployment by double digits over the next five years. Amazon CEO Andy Jassy has also warned AI will reduce the company’s total corporate workforce.
Nvidia CEO Jensen Huang visits China, praises its electric vehicles and tech innovation, calls Xiaomi a miracle, and hopes for stronger US-China tech ties.