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Business Insider
12-06-2025
- Business
- Business Insider
3 takeaways from Jensen Huang's European charm offensive
Jensen Huang is the man of the moment on a massive mission: to strike AI infrastructure deals with Europe. The Nvidia CEO owned multiple rooms as he rubbed shoulders with world leaders at London Tech Week and VivaTech in Paris. Business Insider was there for his talks at both events. Here's what to know about the European tour of the man whose company is powering the AI boom. Nvidia is all in on 'sovereign AI' One phrase was top of mind for Huang this week: " sovereign AI." The term describes a country using its own AI infrastructure within its own borders, from data to hardware to the models themselves. The idea is to create technological self-reliance for AI, versus using data centers located in other countries or models developed by foreign companies. "Sovereign AI is an imperative — no company, industry, or nation can outsource its intelligence," said Huang while announcing a partnership with French startup Mistral to provide Nvidia chips for its homegrown AI infrastructure platform. It's not a new concept, nor the first time Huang has talked about it. But Huang mentioned it during every talk and Q&A in London and Paris, and announced deals with local cloud providers in the UK, Germany, France, and Italy. For Nvidia, sovereign AI is also an opportunity to sell more of its chips, particularly as China, as Huang said during last month's earnings call, is " effectively closed" to US chip firms because of export controls. "There's nothing wrong with renting an AI, it's no different from hiring a contractor into your company," said Huang on Wednesday during a VivaTech keynote, wearing his signature black leather jacket. "But you still need to have some ability to develop your own intelligence." Huang's 'rockstar' status isn't going anywhere Few business executives can steal the limelight from world leaders, but Huang is one of them. At London Tech Week, crowds arrived early to grab a spot for his fireside chat with the UK's prime minister, Keir Starmer. There wasn't an empty seat at Olympia's main stage as the Nvidia boss talked up the UK's AI potential. "I make this prediction — because of AI, every industry in the UK will be a tech industry," Huang said Monday to a captivated audience. Two days later, Huang was similarly praised for France's tech ecosystem. During an Nvidia GTC keynote during VivaTech, Huang was in his element showing off the innards of some of his company's latest server technology, interacting with robots, and bigging up the future of quantum computing. But he seemed just as at home alongside France's President Emanual Macron and Mistral CEO Arthur Mensch during a fireside chat that same day, getting laughs from the audience and remaining the center of attention. Nvidia's share price may have had some bumps in February and March before recovering, but Huang's stock in the tech world seems just as high as when he signed MacBooks, chips, and even a woman's top at a Taiwan tech conference last year. Huang remains a resolute AI optimist AI's impact on jobs, particularly in white-collar roles like software development, has set alarm bells ringing for some tech leaders. Last month, Dario Amodei, the CEO of Anthropic, broke ranks to warn that AI could soon wipe out half of all entry-level white-collar jobs — and governments were "sugarcoating" the threat. But Huang's messaging was consistent throughout his European tour: AI will make the world a better place, even if there's disruption. "AI is the greatest equalizer of people," he said during the press briefing. "If you have somebody that you wish just were a better person, tell them to use AI." It's an unsurprising stance for the CEO of a company whose $3.5 trillion market cap stems from its position as the most important provider of AI chips. Huang had particularly strong words for Amodei. "I pretty much disagree with almost everything he says," Huang said during a press briefing at VivaTech on Wednesday. " He thinks AI is so scary, but only they should do it." An Anthropic spokesperson disputed Huang's characterization of Amodei's stance to BI, saying that Amodei has "advocated for a national transparency standard for AI developers," including Anthropic, and that he stands by his concerns about AI's impact on jobs. It was clear in both Paris in London that Huang sees AI as an upskilling opportunity rather than a job destroyer. " Anybody can learn how to program an AI," Huang said at London Tech Week on Monday. "The new programming language is called human."
Yahoo
12-06-2025
- Business
- Yahoo
Nvidia CEO sends blunt 7-word message on quantum computing
Nvidia CEO sends blunt 7-word message on quantum computing originally appeared on TheStreet. Nvidia () CEO Jensen Huang has a new statement on quantum computing, but this time, it isn't sending stocks down. In January 2025, Huang sent shockwaves through the tech sector when he said he believed quantum computing was likely at least 15 years away from having practical applications. This unexpected take caused quantum computing stocks to plunge into a freefall, while experts contested his argument. 💵💰💰💵 This week, Huang addressed this area of technology again, offering a new take that starkly contrasts with his earlier one. The Nvidia CEO has made it clear that his perspective on quantum computing has changed, predicting that an important moment is approaching for the industry. Many quantum computing stocks have performed well this year, even as they continue to be overshadowed by the rise of artificial intelligence (AI). But now an AI leader is shining a light on the technology's progress and growth potential. This week, Huang took the stage in front of many AI investors and enthusiasts at the Nvidia GTC developer conference in Paris, France, on Wednesday, June 11. He discussed the company's innovations and plans for growth, but also laid out his new perspective on quantum computing, making it clear he sees the industry continuing to his address, Huang predicted that 'quantum computing is reaching an inflection point,' referring to the point in differential calculus at which a curve changes direction. He took it a step further, adding, 'It is clear now we're within reach of being able to apply quantum-classical computing in areas that can solve some interesting problems in the coming years.' Quantum computing leverages the principles of quantum mechanics to perform computation tasks at a much higher rate than classical machines. This includes utilizing quantum bits of information, known as qubits, to solve complex problems. Now Huang, one of the tech sector's most influential leaders, is embracing quantum computing, only months after stating it seemed to be years away from having practical applications. In March 2025, he hosted the first-ever Nvidia Quantum Day at the company's U.S. GTC conference, during which he publicly redacted his earlier prediction. The Nvidia CEO also noted that he believes a new generation of supercomputers is coming and that he expects every one to include a quantum processing unit (QPU) assigned, as well as a QPU connected to graphics processing units (GPUs), the hardware Nvidia is famous for building. More Quantum Computing News: Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target IonQ CEO's strong 4-word message sends stock soaring Analyst flags new quantum computing stocks to buy 'Just like Moore's Law, I could totally expect 10 times more logical qubits every five years, 100 times more logical qubits every 10 years,' he added, comparing it to an observation from the co-founder of Intel, who predicted exponential growth for classical computing technology. Some inventors and business leaders succeed because they are able to visualize a future others could not. That seems to be the case with Huang, as he shines a light on quantum computing and how it could help spur growth for other areas of specifically, he seems to foresee a future in which quantum computing and classical architectures work together to solve problems that many experts have long believed could not be solved. 'Every country, every society, every company will depend on' intelligence infrastructure, he stated. 'Europe has now awakened to the importance of these AI factories, the importance of the AI infrastructure." These predictions are similar to those made by another quantum computing leader, D-Wave Systems () CEO Dr. Alan Baratz. When Huang issued his bearish quantum predictions, Baratz responded by arguing that his company's technology disproved that hypothesis. He also noted that AI and quantum could work together effectively, helping usher in a new era of growth for these two technologies. Now, Huang seems to be on the same page, sharing a vision of a future shaped by advancements in CEO sends blunt 7-word message on quantum computing first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
11-06-2025
- Business
- Miami Herald
Nvidia CEO sends blunt 7-word message on quantum computing
Nvidia (NVDA) CEO Jensen Huang has a new statement on quantum computing, but this time, it isn't sending stocks down. In January 2025, Huang sent shockwaves through the tech sector when he said he believed quantum computing was likely at least 15 years away from having practical applications. This unexpected take caused quantum computing stocks to plunge into a freefall, while experts contested his argument. Don't miss the move: Subscribe to TheStreet's free daily newsletter This week, Huang addressed this area of technology again, offering a new take that starkly contrasts with his earlier one. The Nvidia CEO has made it clear that his perspective on quantum computing has changed, predicting that an important moment is approaching for the industry. Many quantum computing stocks have performed well this year, even as they continue to be overshadowed by the rise of artificial intelligence (AI). But now an AI leader is shining a light on the technology's progress and growth potential. This week, Huang took the stage in front of many AI investors and enthusiasts at the Nvidia GTC developer conference in Paris, France, on Wednesday, June 11. He discussed the company's innovations and plans for growth, but also laid out his new perspective on quantum computing, making it clear he sees the industry continuing to grow. Related: Nvidia stands to lose billions, thanks to new Trump policy During his address, Huang predicted that "quantum computing is reaching an inflection point," referring to the point in differential calculus at which a curve changes direction. He took it a step further, adding, "It is clear now we're within reach of being able to apply quantum-classical computing in areas that can solve some interesting problems in the coming years." Quantum computing leverages the principles of quantum mechanics to perform computation tasks at a much higher rate than classical machines. This includes utilizing quantum bits of information, known as qubits, to solve complex problems. Now Huang, one of the tech sector's most influential leaders, is embracing quantum computing, only months after stating it seemed to be years away from having practical applications. In March 2025, he hosted the first-ever Nvidia Quantum Day at the company's U.S. GTC conference, during which he publicly redacted his earlier prediction. The Nvidia CEO also noted that he believes a new generation of supercomputers is coming and that he expects every one to include a quantum processing unit (QPU) assigned, as well as a QPU connected to graphics processing units (GPUs), the hardware Nvidia is famous for building. More Quantum Computing News: Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price targetIonQ CEO's strong 4-word message sends stock soaringAnalyst flags new quantum computing stocks to buy "Just like Moore's Law, I could totally expect 10 times more logical qubits every five years, 100 times more logical qubits every 10 years," he added, comparing it to an observation from the co-founder of Intel, who predicted exponential growth for classical computing technology. Some inventors and business leaders succeed because they are able to visualize a future others could not. That seems to be the case with Huang, as he shines a light on quantum computing and how it could help spur growth for other areas of technology. Related: Broadcom could blow past Nvidia, expert predicts More specifically, he seems to foresee a future in which quantum computing and classical architectures work together to solve problems that many experts have long believed could not be solved. These predictions are similar to those made by another quantum computing leader, D-Wave Systems (QBTS) CEO Dr. Alan Baratz. When Huang issued his bearish quantum predictions, Baratz responded by arguing that his company's technology disproved that hypothesis. He also noted that AI and quantum could work together effectively, helping usher in a new era of growth for these two technologies. Now, Huang seems to be on the same page, sharing a vision of a future shaped by advancements in both. Related: Heavily shorted AI stock is rapidly climbing the Fortune 500 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Mayor
21-05-2025
- Business
- Business Mayor
Raising Our Fair Value Estimate for Wide-Moat Unilever
Editor's Note: This analysis was originally published as a stock note by Morningstar Equity Research. We are transferring coverage of Unilever ULVR, a leading global player in home and personal care, and packaged foods, with significant exposure to emerging markets, accounting for 58% of revenue in 2024. The bottom line: We raise our fair value estimate by around 3% to EUR 59/GBX 4,940/USD 66. We maintain our wide economic moat, standard capital allocation, and Low Morningstar Uncertainty ratings. At current levels, shares offer a modest upside of around 6%. Over the past 18 months, Unilever's shares have risen about 25%, driven by a strategic reset focused on driving productivity savings and stepping up brand and marketing investment and innovation efforts to rekindle volume growth. The wide moat rating reflects Unilever's strong retailer relationships, brand strength across some key categories, particularly in personal care, and cost advantage stemming from its scale and operational efficiency. Big picture: Under new CEO Fernando Fernandez, the company is embarking on the next stage of its transformation. Fernandez's agenda focuses on sharper market execution and more impactful, scaled innovations to improve brand appeal in an increasingly fragmented competitive landscape. Management targets consistent volume growth of at least 2%, supplemented by premiumization efforts to drive mid-single digit organic sales growth, alongside modest operating margin accretion led by gross margin gains. This is supported by continued portfolio rotation toward higher growth categories like beauty and wellbeing, as well as the company's strong presence in emerging markets where population growth, urbanization, and rising incomes should support long-term demand. Read More Nvidia GTC 2025: Winners & Losers Key stats: We model 3.8% organic sales growth, including 2.2% from volume. Our 2029 operating margin forecast is 18.9%, 50 basis points ahead of 2024, reflecting a 100-basis-point contribution from gross margin and overhead reduction, partly offset by brand and marketing reinvestment. The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies. SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk READ SOURCE
Express Tribune
06-05-2025
- Business
- Express Tribune
US lawmaker introduces bill to curb Nvidia AI chip smuggling into China: Reuter
Exclusive: US lawmaker targets Nvidia chip smuggling to China with new bill By Stephen Nellis and Max A. Cherney May 6, 20258:15 AM GMT+5Updated 2 hours ago Nvidia GTC software developer conference in San Jose Item 1 of 5 Data center servers and components containing the newest artificial intelligence chips from Nvidia are seen on display at the company's GTC software developer conference in San Jose, California, U.S., March 19, 2025. REUTERS/Stephen Nellis [1/5]Data center servers and components containing the newest artificial intelligence chips from Nvidia are seen on display at the company's GTC software developer conference in San Jose, California, U.S., March 19, 2025. PHOTO:REUTERS Listen to article US Representative Bill Foster has introduced legislation aimed at preventing the smuggling of Nvidia's advanced artificial intelligence (AI) chips into China, circumventing US export controls, according to a Reuters report. The proposed bill seeks to mandate that chipmakers implement mechanisms to track the location of their chips post-sale and ensure that unlicensed chips cannot be activated. The legislation has garnered support from both Democratic and Republican lawmakers, reflecting bipartisan concern over national security risks posed by unauthorised AI development in China. The bill would require the US Department of Commerce to draft regulations within six months to enforce these measures. Foster and technical experts argue that the necessary tracking technologies are already embedded in current chips. The legislation follows reports indicating that, despite export restrictions, Nvidia chips have been used in China's AI advancements, including those by DeepSeek. Nvidia, a leading supplier of AI chips, has been working closely with the US government to develop products that comply with export regulations while maintaining its presence in the Chinese market. However, the company has warned that tightening US export controls could hinder product development and force it to shift operations out of certain countries. The proposed legislation represents a significant step in the US government's efforts to control the flow of advanced AI technology to China and safeguard national security interests.
