Nvidia CEO hopes to meet Chinese top policymakers next week, FT reports
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RTHK
3 hours ago
- RTHK
Chinese AI hailed as 'catalyst for global progress'
Chinese AI hailed as 'catalyst for global progress' Jensen Huang arrives to address the China International Supply Chain Expo dressed in a traditional Chinese shirt in a rare departure from his leather jacket. Photo: Reuters Nvidia chief executive Jensen Huang called China's open-source artificial intelligence a "catalyst for global progress" and hailed the country's innovation in the sector as he addressed an expo in Beijing on Wednesday. Addressing the opening ceremony of the China International Supply Chain Expo, Huang – whose firm this week became the first to touch US$4 trillion in market value – hailed China's role in pioneering AI. "China's open-source AI is a catalyst for global progress, giving every country and industry a chance to join the AI revolution," he said in a reference to Chinese AI startup DeepSeek. "AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics." Huang praised China's "super-fast" innovation, powered by its researchers, developers and entrepreneurs. On a personal note, Huang said "I am Chinese but grew up in America" and "my first language is Chinese but I stopped using it when I was five'. He said he is very glad to have the chance to speak Chinese in Beijing. Nvidia announced on Tuesday that it will resume sales of its H20 AI chips to China after Washington pledged to remove licensing restrictions that had halted exports. Nvidia developed the H20 – a less powerful version of its AI processing units – specifically for export to China. However, that plan stalled when the Trump administration tightened export licensing requirements in April. "The US government has assured Nvidia that licences will be granted, and Nvidia hopes to start deliveries soon," the company said on Tuesday, adding it was "filing applications to sell the Nvidia H20 GPU again". Beijing is using the expo as a forum to boost its image as the global defender of free trade, in contrast to the tariff chaos sparked by US President Donald Trump. (AFP/Reuters)
South China Morning Post
3 hours ago
- South China Morning Post
France considers cutting national holidays to ease debt burden
France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the 'curse' of his country's debt. Presenting 2026 budget proposals, Bayrou said two out of France's 11 national holidays could go, suggesting Easter Monday and May 8, a day that commemorates the end of World War II in Europe. Such a measure would bring France into line with Germany's nine national – although federal states can add their own – and take it well below Italy's 12 days. After years of overspending, France is on notice to control its public deficit and cut its sprawling debt, as required under EU rules. French Prime Minister Francois Bayrou. Photo: Reuters Bayrou said France had to borrow each month to pay pensions and the salaries of civil servants, a state of affairs he called 'a curse with no way out'.
South China Morning Post
4 hours ago
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China and Europe power 24% growth in global EV sales in June
Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. Advertisement A total of 1.8 million battery-powered electric vehicles (BEVs) and plug-in hybrids were sold last month, the London-based firm said on Tuesday. Sales in China jumped 28 per cent to 1.11 million units, or 60 per cent of the worldwide total, while Europe's demand rose 23 per cent to 390,000 units, according to the report. The US, the world's second-largest vehicle market after China, was the laggard, with sales in North America falling 9 per cent to just over 140,000 units, the data showed. Demand in the rest of the world surged 43 per cent to more than 140,000 vehicles, boosting the significance of the emerging markets of Southeast Asia and Central America, Rho Motion said. In the first half of this year, 9.1 million electric vehicles (EVs) were sold globally, a 28 per cent increase from a year earlier. China led with 5.5 million units, followed by Europe with 2 million and North America with 900,000. 10:08 How Chinese companies have pulled ahead of Tesla in the electric vehicle race How Chinese companies have pulled ahead of Tesla in the electric vehicle race '[The] EV sales figures for the first half of 2025 show that China and Europe are steaming ahead in terms of the electric transition,' said Charles Lester, data manager at Rho Motion. Advertisement Lester said he expected subsidies in China to continue in the second half despite 'reports that some cities' subsidies have run out, prompting expectations of a slowdown in the Chinese market'.
