At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.

Industry demands are changing and only about 30 per cent of the country’s intelligent computing capacity is being used.

American chipmaking giant Nvidia says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.

Nvidia's CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used for artificial intelligence to China.

Nvidia CEO Jensen Huang praised China’s open-source AI innovation during a fireside chat at the China International Supply Chain Expo, according to SCMP. Jensen Huang called open source “extremely powerful” and praised China’s ecosystem for producing the world’s best open-reasoning models,

David Sacks said this would "deprive Huawei of basically having this giant market share in China."

Gil Luria from D.A. Davidson discusses the national security concerns around the report that U.S. officials are delaying a deal for the UAE's purchase of Nvidia AI chips.

Back in April, the U.S. government banned Nvidia’s H20 AI exports to China. As of July 15, the government has reversed its decision. The company is now legally allowed to file for export licenses. This change comes after the crucial London meeting between Chinese and U.