This is why Nvidia’s CEO thinks U.S. export controls on chips haven’t worked - MarketWatch

1. Nvidia warns U.S. controls boost Chinese AI innovation, hurting its market position. 2. Jensen Huang expresses concerns of lost market share to local Chinese competitors. 3. Nvidia expects $5.5 billion charges due to export-license requirements this quarter. 4. Huang predicts China’s AI market could reach $50 billion soon. 5. Nvidia partners with Saudi firm for 18,000 chips for a new data center.