Jensen Huang

Friday

Cockburn

AI CEOs set for Xi state dinner

From our US edition

You meet Washington at a very Chinese time in its life – the capital is preparing for the state visit of Xi Jinping, as the Chinese president blows off the UN General Assembly and heads for talks with President Trump next week instead. His visit will include a state dinner, where invitees include a number of business leaders who operate in China. Cockburn understands that Sam Altman, CEO of OpenAI, and Jensen Huang, CEO of Nvidia are on the guestlist. Presumably Altman will be trying to bend Xi’s ear on that AI slowdown to which he’s ever so committed. Huang, meanwhile, took a call from Trump onstage at a conference this week, where the President called AI concerns a “hoax” and Huang pledged, “We’re going to make sure that everybody wins in the AI race in America.

ai ceos xi

Thursday

Matthew Lynn

Don’t bet against Nvidia – yet

Last night revealed another set of outstanding results from Nvidia. Its quarterly revenues were up by 105 percent year-on-year, comfortably ahead of expectations. Its earnings per share doubled. Its gross margin remained at an impressive 75 percent. And its guidance for the third quarter was for another significant rise in revenues. The chip manufacturer's founder Jensen Huang bullishly declared that the Artificial Intelligence industry had reached its “golden age” without risking ridicule. Nvidia's share had been flat-lining for much of the past few months, and rival chipmakers have been crashing, as investors started to doubt whether the massive investment in AI, and the data hubs that power it, could be sustained. And yet, once again, the company proved its critics wrong.