After share price fall, another problem is troubling Nvidia CEO Jensen Huang, he urges American policymakers to intervene urgently

Nvidia Chief Executive Jensen Huang has pushed American policymakers to make artificial intelligence (AI) a national priority, underscoring the urgent need for investment in workforce training to compete in the global AI race, as per a report.

Full Embrace of AI and Workforce Training

During a speech at the Hill & Valley Forum in Washington, D.C., Huang reiterated that the US needs to use AI technology at its full potential and invest in reskilling employees to tap into its potential, according to Benzinga.

Huang said, "To lead, the U.S. must embrace the technology, invest in reskilling, and equip every worker to build with it," quoted Benzinga.

Competitive Edge in the AI Race

The CEO also emphasized the importance of understanding competitive advantages in the AI race, saying that “50% of the world’s AI researchers are Chinese” — a factor he says must “play into how we think about the game,” as quoted in the report.

He also explained by pointing out how the United States had succeeded historically because it “applied steel, applied energy faster than any country,” rather than worrying about labour displacement, reported Benzinga.

Huang said, “This is an infinite game,” as quoted in the report.

Nvidia's Challenges

His remarks come at a time when his company is facing challenges due to the ongoing US-China trade war, as per the report. After new export restrictions in the US, Nvidia had to suspend its H20 processor sales to China, which the company estimates will reduce earnings by $5.5 billion, reported Benzinga.

Optimism for the Future of AI

However, Huang remains optimistic about his company as he predicts AI will eventually handle “20, 30, 40% of 100% of the jobs in the world,” quoted Benzinga.

FAQs

How does Huang compare AI to past technological revolutions?
He draws parallels to the historical adoption of steel and energy, saying the U.S. succeeded because it embraced new technologies quickly, as per the report.

What challenges is Nvidia facing?
Due to the US-China trade tensions, Nvidia has had to stop sales of its H20 processors to China, which may cause $5.5 billion loss, as per Benzinga.