Nvidia CEO Jensen Huang is meeting with President Donald Trump at the White House, as his administration weighs new limits on shipping advanced computer chips to China. The move comes amid growing concerns that Chinese startup DeepSeek’s AI model could disrupt the industry and alter the balance of power in the AI race.
DeepSeek claims to have developed an AI model much cheaper than leading companies, sending Nvidia’s stock price plummeting. The potential loss of demand for Nvidia’s chips could slow China’s AI advances. However, it’s worth noting that Nvidia still sells its H20 chip in China and is not affected by former President Joe Biden’s restrictions.
The Trump administration is considering restricting the availability of Nvidia’s chips in China, including the H20 chip, which would curb China’s AI development. The meeting between Huang and Trump marks an escalation in tensions over chip exports to China, a critical issue for the US tech industry.
Source: https://eu.usatoday.com/story/news/politics/2025/01/31/nvidia-ceo-huang-meeting-trump-white-house/78082695007