China, NVIDIA and Jensen Huang
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At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.
Nvidia CEO Jensen Huang hailed Chinese AI models like DeepSeek as world-class, adding that AI is ‘fundamental infrastructure’ akin to electricity. Speaking in Beijing, he called China's open-source AI a ‘catalyst for global progress’.
Jensen Huang, Founder & CEO of Nvidia, delivers a speech at the opening ceremony of the third China International Supply Chain Expo in Beijing, on July 16, 2025. Photo: Chi Jingyi
MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.
U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.