NVIDIA CEO Jensen Huang opposes Trump-backed US AI firm stakes
Business
NVIDIA CEO Jensen Huang isn't on board with the idea of the US government buying shares in AI firms, a plan backed by US President Donald Trump and others.
He feels Americans already have plenty of ways to benefit from these companies, saying, "Americans have a stake in American companies already, naturally, in a whole lot of different ways."
Huang urges more energy, smart regulation
Huang points out that people gain from AI through stock investments, jobs, and taxes, so there's no need for extra government ownership.
He also warns that the rapid growth of AI data centers is putting serious strain on US energy resources.
According to him, more energy production and smart regulation are needed to keep innovation moving without risking national security.