{"id":14865,"date":"2025-01-31T23:34:20","date_gmt":"2025-01-31T23:34:20","guid":{"rendered":"https:\/\/financialrush.com\/?p=14865"},"modified":"2025-01-31T23:34:20","modified_gmt":"2025-01-31T23:34:20","slug":"nvidia-boss-jensen-huang-meets-with-donald-trump-at-white-house","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=14865","title":{"rendered":"Nvidia boss Jensen Huang meets with Donald Trump at White House"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description\">Your guide to what the 2024 US election means for Washington and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=65e9c766-9ff7-4ff8-bff1-2c1c05c9d802&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Nvidia chief executive Jensen Huang met with US President Donald Trump for the first time at the White House on Friday, as Washington and Silicon Valley weigh their responses to Chinese start-up DeepSeek\u2019s AI breakthrough.<\/p>\n<p>The meeting between Trump and <a href=\"https:\/\/www.ft.com\/stream\/5ca7302b-b782-44a0-97d7-d9d2b98262e0\" data-trackable=\"link\">Huang<\/a> was to include discussion of AI policy, according to a person familiar with the discussion. On his first day in office, Trump revoked a Biden administration executive order focused on AI safety and has generally been seen by tech executives as accelerating America\u2019s advances in the fast-moving technology.<\/p>\n<p>Two people familiar with the meeting said it had been planned before DeepSeek stunned Silicon Valley with AI advances apparently achieved using far less computing power than US tech groups. The news wiped almost $600bn from the value of <a href=\"https:\/\/www.ft.com\/nvidia\" data-trackable=\"link\">Nvidia<\/a>, one of the biggest winners from spending on AI chips, on Monday. <\/p>\n<p>Neither the White House nor Nvidia disclosed details of the conversation afterwards, or whether specific agreements were made as a result of it. Speaking with reporters on Friday afternoon in the Oval Office, <a href=\"https:\/\/www.ft.com\/donald-trump\" data-trackable=\"link\">Trump<\/a> called Huang a \u201cgreat gentleman\u201d and added the US would eventually put tariffs on computer chips. <\/p>\n<p>It was not clear if the chip tariffs were part of the discussion with Huang. Tariffs on chips and \u201cthings associated with chips\u201d were part of a sweeping plan <a href=\"https:\/\/www.ft.com\/content\/ff8116f0-b01f-4687-934a-a1b8a07bd5b0\" data-trackable=\"link\">announced by Trump on Friday<\/a> for new restrictions on imports from the US\u2019s biggest trading partners.<\/p>\n<p>\u201cWe appreciated the opportunity to meet with President Trump and discuss semiconductors and AI policy,\u201d an Nvidia spokesperson. \u201cJensen and the president discussed the importance of strengthening US technology and AI leadership.\u201d <\/p>\n<p>DeepSeek\u2019s AI leap has sparked calls in Washington for the US government to further tighten export controls on AI-related technology to make it even harder for China to make advancements in the sector. <\/p>\n<p>On Monday, the same day DeepSeek released its latest model, Trump issued an executive order telling the state department and commerce department to review the US export control system \u201cin light of developments involving strategic adversaries\u201d.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--audio o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"757950e1-a81d-4c66-983e-1cf333262d66\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/757950e1-a81d-4c66-983e-1cf333262d66\" data-trackable=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:1400\/1400\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>Nvidia has long protested the expansion of US export controls that limit sales to China of its most powerful processors for AI. The Silicon Valley-based chipmaker has argued that constraining Chinese companies\u2019 access to American technology would only fuel China\u2019s innovation and development of its own local semiconductor industry. <\/p>\n<p>DeepSeek said its breakthrough AI model was created using a fraction of the computing resources of US rivals such as OpenAI or Elon Musk\u2019s xAI, which are assembling clusters of hundreds of thousands of chips. The final training run for its V3 model cost $5.6mn using just over 2,000 Nvidia chips, DeepSeek said in a research paper, although that figure excluded prior development costs. <\/p>\n<p>Analysts at SemiAnalysis, a chip consultancy, have estimated that DeepSeek and its sister company, hedge fund High-Flyer, have access to about 60,000 Nvidia graphics processing units and have spent more than $500mn on chips to date. <\/p>\n<p>Nvidia, which was the most valuable US company until Monday\u2019s stock market panic, was co-founded by Huang more than 30 years ago, turning the Taiwan-born businessman into one of America\u2019s richest people. He is now one of Silicon Valley\u2019s longest-serving CEOs. <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"747a7b11-dcba-4aa5-8d25-403f56216d7e\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/747a7b11-dcba-4aa5-8d25-403f56216d7e\" data-trackable=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2048\/1152\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252F16701c34-1c4b-4522-b5ca-ef096c6aaf13.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&amp;fit=scale-down&amp;dpr=2&amp;width=240\" alt=\"Montage of China\u2019s flag, a view of Silicon Valley in California, US, DeepSeek logo on a phone, and OpenAI logo\"\/><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>In a letter to Mike Waltz, the new US national security adviser, the Republican chair and top Democrat on the House China committee, said the DeepSeek advance underscored the need for \u201cfrequently updating export controls\u201d. Josh Hawley, a Republican senator, has also introduced legislation that would prohibit the export to China of AI technology.\u00a0<\/p>\n<p>As the Biden administration tightened controls on what US chipmakers could sell in China since October 2022, Nvidia has continued to sell adapted versions of its AI chips there, alongside GPUs for the country\u2019s burgeoning PC gaming market. Customers with billing addresses in China, including Hong Kong, accounted for $11.6bn in revenues in the nine months ending in October, according to Nvidia\u2019s latest results. <\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/65e9c766-9ff7-4ff8-bff1-2c1c05c9d802\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for&hellip;\n","protected":false},"author":7,"featured_media":14866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-14865","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/14865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14865"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/14865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/14866"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}