The post Nvidia’s Jensen Huang Convinced Trump That AI “Races” Are A Loser appeared on BitcoinEthereumNews.com.

TOPSHOT – Jensen Huang (C), CEO and founder of Nvidia, which makes chips used to train artificial … More intelligence technology, attends the Siam.AI Cloud event in Bangkok on December 4, 2024. (Photo by Lillian SUWANRUMPHA / AFP) (Photo by LILLIAN SUWANRUMPHA/AFP via Getty Images) AFP via Getty Images The Trump administration’s expressed desire to “beat” China in the AI race was the path to the U.S. falling hopelessly behind. That’s why the meeting Nvidia’s Jensen Huang had with President Trump last week was so important. Which requires a quick look back in time, specifically to Adam Smith’s 18th century visit to a pin factory. Smith observed for readers that while one man working alone in the factory could maybe produce one pin per day, several men working together in specialized fashion could produce tens of thousands. What Smith saw was a simple, but crucial lesson for today: workers aren’t a cost, evidence of jobs “taken,” or a sign of those not doing the work “falling behind,” rather they’re an input. The more workers the better. As in the more hands and machines at work in specialized fashion around the world, the exponentially faster the progress in any commercial endeavor. The Smith diversion is essential mainly because the business press have focused on Huang convincing Trump to allow Nvidia, AMD and other U.S. chipmakers to resume sales of their AI chips in China. About this change from the Trump administration, it’s a big deal as readers can guess in consideration of the massive size of the Chinese market for AI. As a recent report in the New York Times indicated, something like 50 percent of the world’s AI developers are based in China. Which speaks to the much bigger reason Huang’s meeting with Trump was so important. To see why,…

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Filed under: News - @ July 16, 2025 5:22 pm