Once fearing to offend Jensen Huang, OpenAI now backs three U.S. bills imposing chip restrictions on China.
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Beating AI News: OpenAI privately signaled to U.S. members of Congress this week its support for three bills aimed at restricting China’s access to advanced AI chips and manufacturing equipment. This is not OpenAI’s first backing for chip controls on China. Last year, the company actively advocated limiting U.S. firms from selling high-end chips to China, but later stopped pushing for stricter measures in Congress. OpenAI executives have long feared that publicly supporting tighter chip exports to China would anger Jensen Huang and harm its partnership with NVIDIA. The two firms have a close relationship: NVIDIA not only supplies GPUs to OpenAI, but also supports the company’s data center construction via large financing guarantees. For his part, Huang has long lobbied Washington to ease restrictions on chip sales to China. Anthropic has taken a far more unambiguous stance. In September this year, the company directly withdrew from a tech industry association over its opposition to the group blocking chip control bills. Now, OpenAI has reversed course after a prior retreat. The three bills it backs would, respectively, strengthen chip tracking, restrict the supply of chip manufacturing equipment to China, and increase congressional review of sensitive chip export licenses. Jensen Huang resigned on November 12, a move that has weakened NVIDIA’s lobbying influence in Washington. Bipartisan members of Congress are working to include these restrictions in the year-end National Defense Authorization Act.
HashKey Group’s Xiao Feng: In the AI era, the financial system will shift from “financial digitization” to “digital financialization”, and AI Agents may become new financial participants.
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NVIDIA employees have launched an internal petition demanding Jensen Huang's reinstatement, with the related post garnering over 1,600 comments, most of which support his return.
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Nvidia updates Jensen Huang's profile
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