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Nvidia chief disappointed with China ordering tech firms to halt buying AI from it

Nvidia CEO Jensen Huang has said that Washington and Beijing “have larger agendas to work out”. Mr Huang’s statement comes against the backdrop of the tech giant navigating the tricky politics of the US-China trade war and trying to satisfy demand from companies worldwide hungry for the company’s crucial artificial intelligence (AI) chips.
Mr Huang’s statement follows Chinese internet regulator’s order to top tech firms to halt purchases of the American company’s AI chips and cancel existing orders.
China’s reported move comes after a Reuters’ report earlier in September had said that major Chinese tech firms wanted more of Nvidia’s crucial AI chips despite being discouraged from purchasing them by Beijing’s regulators.
While many companies have been caught in the middle of the US-China trade war, Nvidia is unique. It dominates the AI chip space and receives notable attention from both the White House and the administration of Chinese President Xi Jinping, even as the world’s two largest economies have been at loggerheads over trade for most of this year.
“We can only be in service of a market, if a country wants us to be,” Mr Huang has said in response to a question about China’s regulations. “I am disappointed with what I see, but they have larger agendas to work out between China and the United States, and I am patient about it,” he has added.

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