Nvidia CEO Huang says US not far ahead of China on AI

Investing.com -- Nvidia (NASDAQ: NVDA) CEO Jensen Huang stated that the United States is overall "not far ahead" of China in artificial intelligence development during a CNBC interview on Wednesday.

Huang expressed support for the H-1B visa policy, saying it allows the US to attract the best talent. "Immigration is the foundation of the American dream," the CEO noted during the interview.

The tech executive reported that demand for Nvidia’s Blackwell chips is "really, really high" and shared that his company is "always looking for startups to invest in." Huang emphasized that Nvidia’s goal is to support AI infrastructure success and help the ecosystem grow.

When discussing investments, Huang revealed his "only regret" was not giving Elon Musk’s xAI more money and not investing in OpenAI earlier. He noted that OpenAI’s revenue is growing exponentially.

Bloomberg News reported on Tuesday that xAI is raising more financing than initially planned, with the funding round reaching $20 billion. Nvidia is reportedly investing up to $2 billion in the equity portion of the deal. The financing, which includes both equity and debt, will be connected to Nvidia graphics processing units that xAI plans to use in its Colossus 2 data center.

Huang also expressed interest in Musk’s ventures, stating that Nvidia wants "to be part of almost everything Musk is involved in."

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