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Nvidia CEO Jensen Huang calls Chinese AI models 'world class', including the one ‘banned' by the US government

Nvidia CEO Jensen Huang calls Chinese AI models 'world class', including the one ‘banned' by the US government

Time of India4 days ago
Nvidia
CEO
Jensen Huang
described artificial intelligence models from Chinese firms as "world class" during a supply chain expo in Beijing, just one day after the US chipmaker announced it would resume sales of its popular
H20 AI chips
to China.
"Models like
DeepSeek
(the open-source model that was banned by the US), Alibaba, Tencent, MiniMax, and Baidu Ernie bot are world class, developed here and shared openly [and] have spurred AI developments worldwide,"
Huang
said at the opening ceremony of the third China International Supply Chain Expo.
The praise comes as Nvidia navigates complex US-China trade tensions while maintaining its position in the crucial Chinese market. The company expects to resume H20 chip shipments to China soon following assurances from the US government, after being forced to halt sales in April due to new export requirements.
China's open-source AI approach wins Huang's praise
by Taboola
by Taboola
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Huang specifically lauded Chinese companies for embracing
open-source AI development
, contrasting with proprietary approaches taken by some US firms. "China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said.
The CEO highlighted how more than 1.5 million developers in China currently build on Nvidia's technology, while noting that AI "powers" popular Chinese consumer apps including Tencent's WeChat, Alibaba's Taobao, ByteDance's Douyin, and Meituan's delivery services.
Chip sales resume amid easing trade restrictions
"I have been assured that the licenses will come very fast. There are many order books already in," Huang told the media on the sidelines of the expo, referring to the resumption of H20 chip sales.
US Commerce Secretary
Howard Lutnick
said Tuesday that the planned resumption was part of broader US-China negotiations on rare earths exports. The development follows recent trade talks in London, where both countries began easing some high-tech export restrictions.
This is Jensen Huang's third visit to China this year, and that underscores the market's importance for Nvidia despite ongoing trade tensions between the world's two largest economies.
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Vijay L Bhambwani's Ticker: The reason why bulls aren't stepping out yet
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Mint

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Vijay L Bhambwani's Ticker: The reason why bulls aren't stepping out yet

Ticker is a weekly newsletter by Vijay L Bhambwani. Subscribe to Mint's newsletters to get them directly in your email inbox. Dear reader, Last week, I wrote optimism was giving way to desolation. Bulls were showing a lack of conviction not seen for months. Traded volumes shrank sizeably, and take-home profits shrank significantly. It became a self-fulfilling prophecy of sorts. Traded volumes were poor because profits were meagre, and profits were meagre because traded volumes took a hit. This vicious circle will be broken only after traded volumes rise significantly. Where yields on theta decay (collecting premiums) on option writing are concerned, the low-hanging fruit has been picked already. The road ahead seems to be mildly uphill. That means increased capital intensity and lower take-home profits. That means a small portion of present traders may exit the markets, atleast temporarily. US president Trump continued to threaten nations with additional tariffs and kept markets on the edge. Particularly noteworthy was the threat to impose sanctions on Russian oil exports and nations that bought Russian oil and gas. That includes India. Overseas institutional investors continued to press short sales on Indian markets inspite of announcements of a near breakthrough in India-US trade deal. That was an overhang of overhead supply for retail traders who were stuck with purchases at higher levels. This phenomena of overhead supply occurs when a sizeable number of traders are waiting in the wings to offload their open trades as soon as they reach break-even levels. This usually acts like a speed-breaker for a bull market. That means buyers must not only buy in large volumes but they must continue to buy in large volumes till all the overhead supply is absorbed and selling pressure subsides. That is a challenging task. 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Retail Risk Appetite I use a simple yet highly accurate yardstick for measuring the conviction levels of retail traders – where are they deploying money. I measure what percentage of the turnover was contributed by the lower and higher risk instruments. If they trade more of futures which require sizeable capital, their risk appetite is higher. Within the futures space, index futures are less volatile compared to stock futures. A higher footprint in stock futures shows higher aggression levels. Ditto for stock and index options. Last week, this is what their footprint looked like (the numbers are average of all trading days of the week): The high-risk and capital-intensive futures segment saw no change in turnover contribution for the week. In the relatively lower-risk options segment, turnover rose in the lowest-risk segment in the derivatives category – index options. These are also the least capital-intensive to trade. 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Mint

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China EV brands Zeekr, Neta inflated car sales using insurance scheme

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Sales fell last year to 87,948 vehicles, including 23,399 exported, and it sold 1,215 cars in the first quarter of 2025, according to data from the China Association of Automobile Manufacturers. The brand has been in financial trouble since late 2024, and its owner, Zhejiang Hozon New Energy Automobile, entered bankruptcy proceedings in China last month, according to state media. The Neta dealer said many of the zero-mileage used cars he received from the company remained in his warehouse, unsold. The company "only had one message: Just do it, everyone else is doing it". Zeekr, which is being privatised by Geely Auto, booked sales with the help of Xiamen C&D, which runs dealerships for Zeekr and other brands. Xiamen C&D insured and registered the vehicles under the names of two subsidiaries in December, allowing Zeekr to count the sales before year-end, according to four dealers and two buyers, as well as a receipt shared with Reuters. 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IPO market outlook for H2 2025 remains cautiously optimistic amid improving economic conditions
IPO market outlook for H2 2025 remains cautiously optimistic amid improving economic conditions

Hans India

timean hour ago

  • Hans India

IPO market outlook for H2 2025 remains cautiously optimistic amid improving economic conditions

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