Nvidia says US export controls on AI to China were ‘a failure’

TAIPEI (Reuters) -U.S. export controls on artificial intelligence to China were a failure, Nvidia Chief Executive Jensen Huang said on Wednesday.

Speaking at the annual Computex event in Taipei, Huang said Nvidia’s market share in China dropped to 50%, from 95% at the start of former U.S. President Joe Biden’s administration.

(Reporting By Max Cherney and Wen-Yee Lee in Taipei; Editing by Anne Marie Roantree and Tom Hogue)