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The president of the United States, Donald Trump, says he considered breaking Ai dear Nvidia before learning more about the chips manufacturer and his CEO, Jensen Huang.
“I said: ‘Look, we will break this type’ before learning the facts of life”, Trump said from Huang During a Wednesday speech about his new AI action plan. Then, the president of the United States seemed to have an earlier conversation with an advisor to the Nvidia market share, his CEO and potentially break the company.
“I said, who the hell is? What is the name of … What the hell is Nvidia? I had never heard of that before,” said the president of the most valuable technological company in the world.
“I thought we could enter and we could break them a little, get them some competition, and I discovered that it is not easy in that business … Then I met Jensen and now I see why,” he said, inviting Huang, who was sitting at the audience, standing.
The president made the comments during a summit of the organized in Washington on Wednesday, but it is not clear when the original conversation about the company’s potential rupture took place.
The representatives of NVIDIA did not immediately respond to a request for comments made by Fortune.
Huang’s relationship with Trump
Huang won a victory for Nvidia from the president of the United States earlier this month.
After a meeting between Huang and Trump in the White House, the Trump administration raised the Nvidia AI H20 chips exports to China, which allows the company to sell the chips in the lucrative market and reverse the previous restrictions of the Trump administration.
By him New York Times, Huang participated in months of lobbying for policy change, meeting with Trump, testifying before Congress and working closely with White House allies as the advisor of the David Sacks. The CEO argued that restricting chips sales would damage US technological leadership by allowing Chinese rivals to dominate, and emphasized that Nvidia chips were crucial for global standards of AI.
The technological giant has been on a winning streak lately. Earlier this month, the company made history when it became the first in the world to reach a market value of $ 4 billion. The company’s shares have shot in the last five years, with a gain of almost 18% registered in the year to date. The supercharged growth of Nvidia is Promoted by the rise of the AI and the almost monopoly of the company in the manufacture of IA chips. The company’s graphics processing units (GPU) are used by all the main technological companies to maintain and develop AI models.
The domain of the company in the Hardware of AI has made it a key player in global technological geopolitics, particularly as governments analyze the export of advanced semiconductors technology in the middle of tensions increasing in the United States-China.
