Nvidia (NVDA) CEO Jensen Huang is having discussions with China to quell their concerns about potential security risks associated with the company’s AI chips, Lily Kuo of The New York Times reports. The company was recently granted permission by the U.S. to sell its H20 semiconductors in China, but China’s internet regulator, Cyberspace Administration of China, said U.S. AI experts told them of “backdoor” functions that would track chips or shut them down remotely. “There are no such things,” Huang said, according to the Times. “There never has been. And so hopefully, the response that we’ve given to the Chinese government will be sufficient. We are in discussions with them.”
Claim 55% Off TipRanks
New trading tool for NVDA bearsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Nvidia price target raised to $214 from $190 at Evercore ISI
- Nvidia (NVDA) Asks Suppliers to Halt H20 AI Chip Production Amid China’s Crackdown
- Nvidia’s Huang Calls Buying TSMC Stock a ‘Very Smart’ Move
- Is Nvidia Stock (NVDA) a Buy Ahead of Q2 Earnings?
- CoreWeave Stock (CRWV) Rallies as Jane Street Reveals a 5.4% Stake
