It's all thanks to China's energy policy, Nvidia's Jensen Huang claims. The chief executive of AI darling Nvidia has a sharp prediction about who will dominate the global AI market. “China is going to win the AI race,” Jensen Huang told the Financial Times on Wednesday.

China is requiring new state-funded data centers to swap foreign AI chips with locally designed alternatives, Reuters reported, reflecting Beijing’s longstanding desire to reduce the country’s dependence on American technology including Nvidia Corp.