• Nvidia's CEO praises China's open-source AI as a "catalyst for global progress."
• Huang emphasizes the contributions of Chinese startups like DeepSeek in AI innovation.
• Nvidia will resume sales of its H20 AI chips to China after receiving US licensing assurances.
• The announcement has positively impacted global tech markets.
• Huang describes Chinese AI models as "world-class," revolutionizing supply chains.

Nvidia's CEO Jensen Huang addressed the China International Supply Chain Expo, calling China's open-source artificial intelligence a "catalyst for global progress." He emphasized that China's innovative efforts in AI provide every country an opportunity to engage in the AI revolution, particularly highlighting Chinese startup DeepSeek's contributions, according to Channel News Asia and India Times.

During the expo, Huang remarked on the speed of innovation within China, attributing it to the determination of its "researchers, developers, and entrepreneurs." He asserted that AI is transforming numerous sectors, from healthcare to transportation, underscoring the significance of this technology in today's economy, according to Reuters.

Nvidia announced its plans to resume the sale of its H20 AI chips to China, a development made possible by recent assurances from the US government regarding export licenses. These chips are designed to adhere to new US regulations that had previously stalled deliveries, which impacted the global tech market positively, causing stocks like those on the Nasdaq and in Hong Kong to rise, according to India Times and Reuters.

Huang described Chinese AI models as "world-class" and noted that their advancements are revolutionizing supply chains. He also mentioned Nvidia's plans to develop another chip for Chinese customers, ensuring compliance with US export regulations, which reflects the significant interplay between US and Chinese interests in technology, according to Channel News Asia and Reuters.