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Investing.com -- NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said Tuesday the Chinese AI market is going to be worth $50 billion in a couple of years, and not being able to compete is a "tremendous loss."
NVIDIA recently disclosed a $5.5 billion write-off after the U.S. government banned it from selling its less advanced H20 AI chips and systems in China.
"It would be a tremendous loss not to be able to address it as an American company," Huang said in an interview with CNBC’s Jon Fortt given with ServiceNow (NYSE:NOW) CEO Bill McDermott. " It’s going to bring back revenue, it’s going to bring back taxes, it’s going to create lots of jobs here United States."
Despite the comments, Huang said the company would "stay agile" and comply with the government’s policies.
"You know, we just have to stay agile," he said. "Whatever the policies are at the government, whatever is in the best interest of our country, will support and and we’ll stay agile and keep moving on the market for AI is just gigantic."
Huang added that U.S. AI companies should be allowed to compete and will win.
"The world is right now hungry, anxious to engage AI," Huang added. "Let us get the American AI out in front of everybody right now."