
Jensen Huang: Nvidia boss, AI visionary in black leather jacket
Relatively unknown to the general public only three years ago, Jensen Huang now stands as one of the most powerful entrepreneurs in the world as head of chip giant Nvidia.
The unassuming 62-year-old draws stadium crowds of more than 10,000 people as his company's products push the boundaries of artificial intelligence.
Chips designed by Nvidia, known as graphics cards or graphics processing units (GPUs), are essential in developing the generative artificial intelligence powering technology like ChatGPT.
Big Tech's insatiable appetite for Nvidia's GPUs, which sell for tens of thousands of dollars each, has catapulted the California chipmaker to a market valuation of over $4 trillion, making it the first company to surpass that milestone.
Nvidia's meteoric rise has boosted Huang's personal fortune to $150 billion – making him one of the world's richest people – thanks to the roughly 3.5% stake he holds in the company he founded three decades ago with two friends in a Silicon Valley diner.
In a clear demonstration of his clout, he recently convinced U.S. President Donald Trump to lift restrictions on certain GPU exports to China, despite the fact that Beijing is locked in a battle with Washington for AI supremacy.
'That was brilliantly done,' said Jeffrey Sonnenfeld, a governance professor at Yale University.
Huang was able to explain to Trump that 'having the world using a U.S. tech platform as the core protocol is definitely in the interest of this country' and won't help the Chinese military, Sonnenfeld said.
Born in Taipei in 1963, Jensen Huang (originally named Jen-Hsun) embodies the American success story.
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Qatar Tribune
10 hours ago
- Qatar Tribune
Japan's Ishiba vows to stay to tackle inflation, US tariffs despite election loss
Agencies Japanese Prime Minister Shigeru Ishiba said Monday he would remain in office to address key challenges, including surging prices and steep U.S. tariffs, despite his coalition's election loss over the weekend that left it with a minority in both chambers of parliament and sparked calls for his resignation. Ishiba's ruling Liberal Democratic Party (LDP) and its junior coalition partner Komeito were short three seats to maintain a majority in the 248-seat upper house in Sunday's vote. Though the LDP is still the leading party, its ruling coalition is now a minority in both houses of the Diet, or parliament, which makes it difficult for the coalition to pass any legislation. The loss of a majority in Sunday's election does not immediately lead to a change of government because the upper house lacks the power to file a no-confidence motion against a leader. With opposition too fractured to form a united front powerful enough to topple the ruling coalition, Ishiba is under more pressure to step down from ultraconservative rivals in his own party. Ishiba said he takes the result seriously but that his priority is to avoid creating a political vacuum and to tackle impending challenges, including the Aug. 1 deadline for a tariff deal with the U.S. 'While I painfully feel my serious responsibility over the election results, I believe I must also fulfill my responsibility I bear for the country and the people so as not to cause politics to stall or go adrift,' Ishiba said. 'Challenges such as global situation and natural disaster won't wait for a better political situation.' His chief tariff negotiator, Economic Minister Ryosei Akazawa, is heading to Washington for his eighth round of talks. The prime minister hopes to reach a mutually beneficial deal and meet with U.S. President Donald Trump 'as soon as possible,' he said. Sunday's vote comes after Ishiba's coalition lost a majority in the October lower house election, stung by past corruption scandals, and his unpopular government has since been forced into making concessions to the opposition to get legislation through parliament. It has been unable to quickly deliver effective measures to mitigate rising prices, including Japan's traditional staple of rice, and dwindling wages. Trump has added to the pressure, complaining about a lack of progress in trade negotiations and the lack of sales of U.S. autos and American-grown rice to Japan despite a shortfall in domestic stocks of the grain. A 25% tariff due to take effect Aug. 1 has been another blow for Ishiba. At a news conference Monday, Ishiba said his LDP and the Komeito have agreed to stick with their coalition while seeking further cooperation from opposition parties. Ishiba resisted calls for his resignation and did not say how much longer he planned to stay on. He is sticking around for the country and the people, not for self-interest, 'to put the pressing issues on a path to a solution,' he said. Voters frustrated with price increases exceeding the pace of wage hikes, especially younger people who have long felt ignored by the ruling government's focus on senior voters, rapidly turned to emerging conservative and right-wing populist parties. Established liberal to centrist parties, including the main opposition Constitutional Democratic Party of Japan, gained little ground. The Democratic Party for the People quadrupled its seats by campaigning for higher take-home pay. The right-wing Sanseito, running on a 'Japanese First' platform that puts tougher regulations on foreigners and brakes on gender and sexual diversity, surged to number three in the opposition. The LDP has lost support due to the people's discontent over the party's measures for rising prices, foreign residents and other reasons and that he will 'quickly analyze the results and learn the lesson,' Ishiba said. None of the opposition parties said they want to form a full-fledged alliance with the governing coalition, but are open to cooperating on policy. CDPJ leader Yoshihiko Noda told broadcaster NHK that his priority is to form an alliance among the opposition. 'Public opinion clearly said 'no' to the Ishiba government,' Noda said. Sanseito leader Sohei Kamiya told NHK late Sunday he is open to cooperating with the ruling bloc on conservative policies. While he said his party did better than expected, he would wait to gain more seats in the other house in the next election and attempt to form a multi-party coalition like in Europe. The Sanseito party's stance encouraged the spread of xenophobic rhetoric in the campaign and on social media, while also attracting people who are struggling with economic woes and looking for targets to vent their discontent and anxiety, experts say. The language triggered protests from rights activists and alarmed foreign residents.


Qatar Tribune
10 hours ago
- Qatar Tribune
Stimulus boost: China launches massive hydropower dam
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Qatar Tribune
a day ago
- Qatar Tribune
Chinese EV brands Zeekr, Neta inflated sales in recent years
Agencies Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars, according to documents reviewed by Reuters and interviews with dealers and buyers. The companies arranged for cars to be insured before they were sold to buyers, the documents show, enabling them under Chinese industry car registration practices to book sales early so they could hit the monthly and quarterly targets, the dealers and buyers said. Neta booked early sales of at least 64,719 cars through this method from January 2023 to March 2024, according to copies of records it sent to dealers, seen by Reuters. That was more than half the sales of 117,000 vehicles it reported over the 15 months. Zeekr, a premium EV brand owned by Geely, used the same method to book early sales in late 2024 in the southern city of Xiamen through its main dealer there, state-owned Xiamen C&D Automobile, according to dealers, buyers and sales receipts seen by Reuters. Vehicles booked as sold before reaching a buyer are called 'zero-mileage used cars' in the Chinese auto industry. The practice has emerged out of cutthroat competition for sales in the world's largest auto market, which is reeling from a brutal, years-long price war caused by chronic overcapacity. The industry faces a moment of reckoning, with state media calling out the zero-mileage car practice, the cabinet pledging to regulate 'irrational' competition, and other central government bodies organizing meetings with the industry's largest players to express concern about such methods. On Saturday a publication run by the China Association of Auto Manufacturers said the industry ministry was planning to clamp down on the practice by banning cars from being resold within six months of being registered as a sale. Also on Saturday, state media reported that Zeekr had been selling cars with insurance already purchased to inflate sales, the first such naming and shaming of a specific automaker. In a front-page story, the China Securities Journal newspaper interviewed Zeekr car buyers in cities such as Guangzhou and Chongqing, who the newspaper said had found that their cars already had insurance policies before they were sold. They said they were refused refunds, even though they felt they were deceived. The newspaper questioned Zeekr's unusually high sales in the cities of Shenzhen and Xiamen in December. Its reported sales in Xiamen surged to 2,737 that month, more than 14 times its monthly average. Reuters could not determine how much of that volume might have been booked early. The China Securities Journal also raised questions over Neta's sales, saying it showed anomalies. Reuters is reporting for the first time details of how Neta inflated sales. Zeekr, Zhejiang Hozon New Energy Automobile, which owns Neta, and Xiamen C&D did not respond to requests for comment on Saturday. — Reuters A spokesperson for Geely said, 'Geely firmly rejects the report put forward by the China Securities Journal.' The spokesperson declined to comment on Reuters findings or provide further details. Li Yanwei, an analyst with the China Automobile Dealers Association, said he believed the firms carried out such practices to embellish their financial reports and achieve their performance goals.