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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Kazakhstan has signed a $10 billion agreement with Firebird and NVIDIA to build one of Central Asia's largest AI computing hubs, as governments increasingly compete for the infrastructure needed to power artificial intelligence.
The United States has moved to close a regulatory gap that may have allowed advanced AI chips to reach Chinese-linked firms overseas despite export restrictions.
President Donald Trump said he would urge China’s Xi Jinping to “open up” to U.S. business during his trip to a summit in Beijing on Wednesday. He also added Nvidia CEO Jensen Huang to a group of executives travelling with him, following a stop in Alaska en route.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
A cyber extortion group has claimed it stole more than a terabyte of data from Danish pharmaceutical giant Novo Nordisk after the company allegedly refused to pay a $25 million ransom.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
Anxiety over artificial intelligence is hardening among young workers as executives promote faster adoption and companies point to automation in fresh job cuts.
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