The Nvidia CEO says he doesn't think the U.S. is far ahead of China in AI development, while President Donald Trump has suggested no other country poses a serious threat to the U.S.'s lead.
Major U.S. equities indexes climbed Wednesday as enthusiasm for artificial intelligence stocks boosted the tech sector. The Dow, S&P 500, and Nasdaq all gained.
AMD's big agreement this week with OpenAI gives the chipmaker a chance to cut into Nvidia's dominance in the AI market. "Right now, Nvidia almost has a monopoly," said Mandeep Singh, senior analyst at Bloomberg intelligence.
Nvidia CEO Jensen Huang says his company is investing in Elon Musk's xAI. The executive confirmed the chipmaker's participation in xAI's latest funding round in an interview with CNBC Wednesday (Oct. 8).
Nvidia CEO Jensen Huang broke down the AI race between the U.S. and China. Huang said that the U.S. is "not far ahead" of China and will need a "nuanced strategy" to stay on higher ground.
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