Nvidia CEO Jensen Huang said on Monday that every country needs to have its own artificial intelligence infrastructure in order to take advantage of the economic potential.AI 

Nvidia CEO Advocates for Nations to Develop Autonomous AI Systems; Addresses Overblown Worries

Nvidia CEO Jensen Huang said on Monday that each country needs to have its own AI infrastructure to tap into the economic potential while protecting its own culture.

“You can’t allow other people to do it,” Huang said at the World Government Summit in Dubai.

Huang, whose company has risen to a $1.73 trillion market capitalization as it dominates the market for high-end AI chips, said his company is “democratizing” the use of artificial intelligence due to the rapid increase in the efficiency of AI computing.

“The rest is really up to you to take the initiative, activate your industry and build the infrastructure as fast as you can.”

He said fears of the dangers of artificial intelligence have been exaggerated, noting that other new technologies and industries such as automobiles and aviation have been successfully regulated.

“There are some benefits to scaring people away from this new technology, mystifying this technology, encouraging other people not to do anything with this technology and trusting them to do it. And that, I think, is a mistake.”

After the U.S. imposed a new restriction on some of its artificial intelligence chips in October, 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 U.S. rules.

The CEO did not discuss the matter on Monday.

Nvidia is scheduled to report its fourth quarter earnings on the 21st. February.

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