(Updates with details)
AMSTERDAM, Feb 12 (Reuters) – Nvidia CEO Jensen Huang said on Monday that every country needs its own artificial intelligence infrastructure to take advantage of its economic potential while protecting its own culture.
“You can’t let other people do that,” Huang said at the World Government Summit in Dubai.
Huang, whose company has catapulted to a stock market value of $1.73 trillion due to its dominance of the market for high-end AI chips, said his company is “democratizing” access to AI thanks to rapid efficiency gains in AI computing.
“The rest is really up to you to take initiative, activate your industry, build the infrastructure, as quickly as you can.”
He said fears about the dangers of AI are exaggerated, noting that other new technologies and industries such as automobiles and aviation have been successfully regulated.
“There are some interests in trying to scare people about this new technology, to mystify this technology, to encourage other people not to do anything about that technology and to trust them to do it. And I think that’s a mistake is.”
Following a new round of US restrictions imposed in October on some of its AI chips, Nvidia said in November it was working with customers in China and the Middle East to obtain export licenses for new products that would comply with US rules to fulfil.
The CEO did not comment on the matter on Monday.
Nvidia will report fourth-quarter results on February 21.
(Reporting by Toby Sterling; Editing by Christopher Cushing & Shri Navaratnam)