US export controls have fuelled China’s AI development

US President Donald Trump finally agreed to Nvidia CEO Jensen Huang’s plea that the company be allowed to sell H200s to China, estimated to be a US$10 billion opportunity. Although Trump claimed that Chinese President Xi Jinping responded “positively”, early signs indicate that China may want to limit H200s imports to reduce reliance on the US and develop domestic capability. The White House’s artificial intelligence (AI) tsar, David Sacks, said that China is rejecting H200s, and the Financial...