OpenAI's data centre secures $11.6 bn funding

Firm will expand from two to eight buildings

- REUTERS

US export controls on artificial intelligence (AI) chips to China were "a failure", Nvidia Chief Executive Jensen Huang said on Wednesday.

The US Commerce Department issued guidance last week alerting businesses to the risk of violating US export controls by using Chinese chips. Huang's comments came after China on Monday urged the US to "immediately correct its wrongdoings" and stop "discriminatory" measures following the US guidance warning companies not to use advanced computer chips from China, including Huawei's Ascend AI chips.

The US action seriously undermined consensus reached at the high-level bilateral trade talks in Geneva, a statement from China's commerce ministry said, vowing resolute measures if the US continues to harm China's interests.

Huang called for policymakers to propel US AI technology by lowering export barriers aimed at curtailing the rise of a geopolitical rival. Some corners of Washington are receptive to that argument when it applies to countries like Saudi Arabia or the United Arab Emirates, which have close ties to China — but Huang has so far failed to turn the tide of restrictions that specifically target the world's second largest economy.