Nvidia CEO Jensen Huang met Tuesday with Commerce Secretary Howard Lutnick as the Trump administration investigates potential violations involving Nvidia chip exports to China, according to a source familiar. Why it matters: Huang is in Washington as the Trump administration finalizes a framework that would give the government early access to the most advanced AI models before their release. - Officials are also weighing their approach to open-source AI and China. Driving the news: Huang is holding meetings across Washington this week, including with Sen. Mark Warner (D-Va.), the top Democrat on the Intelligence Committee, and other members of Congress from both sides of the aisle. - Huang's trip had been previously reported, but not…
Nvidia CEO Jensen Huang is warning the Trump administration and other policymakers not to let "science fiction" fears about AI drive policy — arguing that overreaction could slow adoption and weaken America's competitive edge. Why it matters: Washington is navigating two AI minefields at once: how to manage increasingly advanced systems , and whether to restrict powerful open-source models emerging from China over alleged IP theft and security risks. Driving the news: Huang railed against AI doomerism in an interview with Axios' Mike Allen for our "Behind the Curtain" video series — implicitly challenging fellow tech CEOs who have emphasized the technology's potentially catastrophic risks. - "The fact that this is going to be the…
One of the bill’s most debated provisions would have authorized the state auditor to conduct post-election performance audits. Blackwell said the audits would occur after elections are complete and would not affect election outcomes.
Nvidia's chips are improving at such a staggering pace that it defies any historical comparison. Why it matters: Without these gains — which are drawing increased attention as AI transforms society — physics would slam the brakes on the data center boom. Driving the news: Nvidia CEO Jensen Huang said Monday he expects the company to reap "at least" $1 trillion in revenue for its newest chips through 2027. - It posted record sales and earnings last month , fueled by skyrocketing orders from Big Tech data center companies. By the numbers: Nvidia has historically dominated the market. But its cumulative share has dropped from 100% in the first quarter of 2022 to 65% in the fourth quarter of last year, according to the research and…
Meta is doubling down on Nvidia AI chips , committing to spend tens of billions of dollars on the chipmaker's newest offerings and sending shares of both companies higher. Why it matters: Even though Meta is already one of Nvidia's biggest buyers, the deal is so big that it stands to boost both companies. Driving the news: Meta will buy millions of chips from Nvidia, ranging from standalone Grace CPUs to next-gen Blackwell GPUs and upcoming Vera Rubin systems, to use across its U.S. data center buildout. - This makes Meta the first Big Tech firm to commit to buying standalone central processing units from Nvidia, which are used to run AI rather than train AI. - This signals a shift toward inference over training, with the latter…