As competition over artificial intelligence intensifies, U.S. tech leaders are warning that China’s rapid state-backed progress could soon outpace the West, raising concerns that America is losing its technological edge.
At a time when artificial intelligence is reshaping global power, Nvidia's chief executive has warned that the U.S. risks surrendering its lead to China. Speaking at the Financial Times' Future of AI Summit, Jensen Huang said the West is being held back by "cynicism" and regulatory overreach, while Beijing's state-backed push is fuelling rapid advances in AI development.
Huang cautioned that a growing patchwork of state-level rules in the U.S. could soon create "50 new regulations," splintering innovation and slowing progress. By contrast, he pointed to China's energy subsidies that make it cheaper for companies to power massive data centres and train AI systems, remarking that "power is free" for Chinese firms developing domestic alternatives to Nvidia's chips.
His remarks come as the Trump administration maintains its export ban on Nvidia's most advanced Blackwell chips to China, despite a recent meeting between U.S. President Donald Trump and Chinese leader Xi Jinping.
Huang has previously warned that China's AI systems are fast closing the gap with American models and that restricting chip exports may backfire by driving Beijing toward full technological self-sufficiency.
Following his meeting with Xi, Trump told CBS News that the U.S. would retain exclusive access to the most sophisticated chips, saying, "The most advanced, we will not let anybody have them other than the United States."
White House spokesperson Karoline Leavitt reinforced that stance on Tuesday, stating, "As for the most advanced chips, the Blackwell chip, that's not something we're interested in selling to China at this time."
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The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
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Nvidia is teaming up with some of the biggest names in global finance in a move that underscores how artificial intelligence is rapidly becoming one of the world's most sought-after investment themes.
Parts of Europe and the Arctic will briefly fall into darkness on Wednesday, 12 August, as the Moon passes between Earth and the Sun in a total solar eclipse.
Meta said one of its AI models hacked another company's systems during cybersecurity testing, intensifying concerns about how developers can contain increasingly capable AI systems following similar incidents involving Anthropic and OpenAI.
Scientists say the accidental crash of a discarded SpaceX rocket stage into the moon has provided valuable data on impact cratering while posing no threat to Earth or lunar hardware.
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