"Significant contributions"

Nvidia boss Huang praises Chinese AI research

The CEO of US chip manufacturer Nvidia, Jensen Huang, has praised China's contribution to the development of artificial intelligence (AI). China has made "significant contributions" to the research work that has brought AI technology forward, said Huang, who was born in Taiwan, in Hong Kong.

"Open science and open research in the field of AI are absolutely global" and, in his view, "nothing will change in the foreseeable future".

Export ban on certain AI chips
Trade in the AI sector between the USA and China is a politically sensitive issue: under outgoing President Joe Biden, the US government had banned Nvidia from selling certain AI chips to China.

The US considers China to be a strategic competitor, including in the development and manufacture of modern semiconductors. A tech trade war involving tariffs and export restrictions has been raging for years.

Nvidia currently the world's most valuable company
Nvidia, based in the US state of California, was once again named the world's most valuable company at the beginning of November. Its market capitalization most recently stood at 3.58 trillion dollars (3.43 trillion euros).

The previous number one, Apple, was quoted at 3.46 trillion dollars. This makes Nvidia more valuable than all DAX companies combined. According to the quarterly figures published on Wednesday, Nvidia increased its net profit from July to September to 19.3 billion dollars - more than double the figure for the same quarter last year.