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.

The reason, according to Huang, is U.S. regulation, specifically new state-level AI rules that he claims could result in “50 new regulations.”

But the U.S. has no federal AI regulation, and Trump’s AI Action Plan is focused on deregulation. In the absence of federal oversight, some states, like California , have taken matters into their own hands. Meanwhile, China introduced its first national AI regulation in 2023 and recently started enacting new labeling rules for AI-generated content. In other words, it’s hard to say what Huang is talking about.

Huang, like many others

See Full Page