Nvidia CEO Jensen Huang has warned that China could overtake the US in the race for artificial intelligence (AI) because of its cheaper energy costs and fewer regulations, the Financial Times reported.

“China is going to win the AI race,” Huang told the newspaper on the sidelines of the Financial Times’ Future of AI Summit. FT reported that the Nvidia chief said that the west, including the US and UK, was being held back by “cynicism,” singling out new rules on AI by US states that could result in “50 new regulations”.

He added that one key challenge to the chipmaker comes from the Chinese approach of offering energy subsidies to domestic companies that makes it more affordable for them to run Chinese alternatives to Nvidia’s AI chips.

Huang later softened his stance, saying that “China

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