Nvidia CEO Says Global Cooperation in Tech will Continue under Trump Administration

Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
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Nvidia CEO Says Global Cooperation in Tech will Continue under Trump Administration

Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)

Nvidia CEO Jensen Huang said on Saturday that global cooperation in technology will continue even if the incoming US administration imposes stricter export controls on advanced computing products.
US President-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security - a policy continued under President Joe Biden. The curbs forced Nvidia, the world's leading maker of chips used for artificial intelligence applications, to change its product lineup in China.
"Open science in global collaboration, cooperation across math and science has been around for a very long time. It is the foundation of social advancement and scientific advancement," Huang told media during a visit to Hong Kong.
Cooperation is "going to continue. I don't know what's going to happen in the new administration, but whatever happens, we'll balance simultaneously compliance with laws and policies, continue to advance our technology and support and serve customers all over the world."
The head of the world's most valuable company was speaking in the financial hub after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, Reuters reported.
During the visit, Huang participated in a fireside chat with the university's Council Chairman Harry Sham in front of an audience of students and academics.
Asked about the huge energy requirements of graphics processing units - chips behind artificial intelligence - Huang said, "If the world uses more energy to power the AI factories of the world, we are a better world when that happens".
Huang said "the goal of AI is not for training, the goal of AI is for inference". He said AI can discover, for instance, new ways to store carbon dioxide in reservoirs, new wind turbine designs and new materials for storing electricity.
He said people should start thinking about placing AI supercomputers slightly off the power grid and let them use sustainable energy and in places away from populations.
"My hopes and dreams is that in the end, what we all see is that using energy for intelligence is the best use of energy we can imagine," Huang said.
Earlier on Saturday, Huang told graduates that "the age of AI has started" in a speech after receiving the honorary degree.
"A new computing era that will impact every industry and every field of science."



Australia Ditches Plans to Fine Tech Giants for Misinformation

Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
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Australia Ditches Plans to Fine Tech Giants for Misinformation

Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)
Facebook's new rebrand logo Meta is seen on a smartphone in front of displayed logo of Facebook, Messenger, Instagram, WhatsApp, Oculus in this illustration picture taken October 28, 2021. (Reuters)

Australia has ditched plans to fine social media companies if they fail to stem the spread of misinformation, the country's communications minister said Sunday.

The proposed legislation outlined sweeping powers to fine tech companies up to five percent of their yearly turnover if they breached new online safety obligations.

Communications Minister Michelle Rowland said she had dumped the bill after running into significant opposition in the country's senate.

"Based on public statements and engagements with senators, it is clear that there is no pathway to legislate this proposal through the senate," she said in a statement.

The proposed bill notably drew the ire of tech baron Elon Musk, who in September likened the Australian government to "fascists".

Australia has been at the forefront of global efforts to regulate the tech giants.

The government will soon roll out a nationwide social media ban for children under 16.

Social media companies could be fined more than US$30 million if they fail to keep children off their platforms, under separate laws tabled before Australia's parliament on Thursday.