NVIDIA's AI Monopoly: Trump's Past Threats and Present Praise

U.S. President Trump previously considered breaking up NVIDIA to promote competition, but after a briefing, he realized it would be difficult to replace the company's AI chip monopoly. Trump now praises NVIDIA CEO Jensen Huang, indicating a more balanced approach to AI regulation and tech giants. BiyaPay supports USDT trading for U.S. and Hong Kong stocks, enabling users to invest in popular tech stocks like Tesla and NVIDIA.

U.S. President Donald Trump has taken a significant shift in his stance on NVIDIA, the world's most valuable tech company, following a briefing that revealed the challenges of breaking up its AI chip monopoly. Initially, Trump expressed interest in dismantling the company to promote competition, but after learning the facts, he acknowledged the difficulty of replacing NVIDIA's market dominance. Now, Trump praises NVIDIA CEO Jensen Huang, signaling a more balanced approach to AI regulation and tech giants.

Trump's remarks, made during the announcement of his new "AI Action Plan," were initially met with confusion. He admitted to being unaware of NVIDIA's existence, even though the company is a leader in the AI chip market. However, Trump later revealed that his aides informed him that breaking up NVIDIA would be challenging. "I figured we could go in and we could sort of break them up a little bit, get them a little competition, and I found out it’s not easy in that business," Trump said [1].

Since his shift in stance, Trump has publicly praised Huang and NVIDIA. At an AI summit in Washington, Huang commended Trump for recognizing the importance of AI and energy, stating that "America’s unique advantage that no other country can possibly have is President Trump" [2]. Trump reciprocated this praise, repeatedly complimenting Huang for his investments in tech in the U.S.

This newfound appreciation for NVIDIA comes as the company's stock price has surged, propelling it to the forefront of the AI race. Huang's comments about Trump's understanding of AI and energy production have likely influenced this shift. Moreover, NVIDIA's recent trade truce with China, allowing the company to resume selling its H20 AI chips, may have further solidified Trump's support for the tech giant.

Despite the shift in Trump's stance, the U.S. government's approach to AI regulation and tech giants remains a topic of interest. The recent approval of NVIDIA's trade deal with China and the company's role in major tech initiatives, such as Tesla's AI efforts, underscore the complex interplay between U.S. policy and global tech competition.

References:
[1] https://nz.finance.yahoo.com/news/trump-says-didnt-even-know-162437598.html
[2] https://www.livemint.com/news/us-news/nvidia-ceo-jensen-huang-reveals-americas-unique-advantage-donald-trump-seems-to-love-it-11753509128949.html