During a significant AI summit in Washington D.C., President Trump praised Jensen Huang, CEO of Nvidia, calling him a ‘great guy’. He highlighted Huang’s remarkable achievement of holding a 100% market share in AI chips and noted that it would be impossible for any company to catch up to Nvidia, even if it faced 10 years of poor performance. This statement followed Trump’s admission that he had not heard of Nvidia during his presidency.

Key Highlights

• Trump expressed past thoughts about breaking up Nvidia to encourage competition but recognized the difficulty given its strong market presence.
• Both Jensen Huang and Dr. Lisa Su, the CEO of AMD, were acknowledged for their contributions in the AI field.

‘I’ll tell you,’ Trump mentioned, ‘if we put together the greatest minds, it would take at least ten years to catch up with Nvidia if they lose 10 years of performance’.

• This summit underlined Nvidia’s significant role in US AI policy and vision for the future, with a clear recognition of the competitive landscape of AI technology.