Caroline Hyde

There are some winners.

There are some losers along the way.

But, you know, I think the key is you've got to really focus on who is delivering the

the revenue today, or at least the visibility of that, and who has the wherewithal.

And just an example, you know, I mean, Alphabet's got, what, $150 billion of operating income.

OpenAI is losing $9 billion a year.

So, you know, the wherewithal, the financial might probably, I think investors are thinking, may sit with Alphabet at the moment.

Going toe to toe against anyone.

The American technology industry has nothing to fear.

We are mighty, we're fast, we're inventive, we'll take anybody on.

In the case of China, we shouldn't concede the entire market to them.

They're formidable, but conceding that entire market, we ought to go compete for it.

Nvidia CEO Jensen Huang there speaking on American AI leadership at the CSIS conference in Washington yesterday.

also met with President Trump to discuss export controls on his chips, noting some uncertainty over whether China would even accept the processes if restrictions were indeed eased.

Here with the latest is Bloomberg senior tech editor Mike Shepard.

And Mike, we're talking about H200s in particular here, and it feels as though maybe Jensen thinks the ship has already sailed.

They're limited and wanting to focus on domestic, really.

Yeah, it's unclear exactly where things stand internally inside the administration on the H200 and whether Donald Trump will give the ultimate green light for those chips to be sold to China.

You'll remember just a few weeks ago before the holiday, we broke the news that administration officials have been deliberating this idea of allowing the H200 to be sold to China, to be exported to China.

And this would be a significant relaxation of the export controls that have been in place on