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Nvidia announced a new $150 billion share repurchase authorization on Monday, adding to the $80 billion buyback plan it revealed in May alongside a dividend increase to 25 cents per share from 1 cent. The move comes as Nvidia's forward price-to-earnings ratio has fallen to 14.5, well below its five-year average of 62.9, even as analysts project net income near $385 billion in fiscal 2028.
According to The Information, China's Ministry of Industry and Information Technology has asked Alibaba and ByteDance to detail plans for purchasing Nvidia's RTX Pro 5500 chips, which are officially gaming GPUs. Sources say Beijing expects these chips could be repurposed into servers to help run China's leading AI models, potentially loosening restrictions on Nvidia hardware.
Sources say OpenAI proposed investing $100 million in Hugging Face, with talks including using Hugging Face as a distribution channel for OpenAI's custom Jalapeño chips built with Broadcom. Those discussions collapsed early, and Nvidia later announced a roughly $13 billion deal to acquire Hugging Face on Sept. 3. AMD was also reportedly in separate talks with Hugging Face around the same time.
A former technical advisor to NVIDIA, who worked with the company in 1993 on biquadratic texture mapping for its first graphics chip, says he recently discovered he was granted 25,000 stock options that appear never to have been exercised or paid out. He describes helping port his rendering technique to NVIDIA's early hardware and demonstrating it publicly before Microsoft's DirectX standard favored triangle-only rendering, which he says hurt NVIDIA's early business.
In an interview with the New York Times' Ezra Klein, Nvidia CEO Jensen Huang said AI companies that release models they cannot control should expect civil or criminal liability. He argued that if a lab believes its AI cannot be safely contained, the appropriate response is to withhold the product rather than ship it and risk harm.
On the Ezra Klein Show, Huang was presented with a Chinese study of 26,000 students showing that AI use correlated with declining long-term exam performance and eroded basic math skills like long division and multiplication tables. When asked whether this cognitive decline matters, Huang did not offer reassurance and appeared to accept the tradeoff as acceptable.
In an interview with The New York Times' Ezra Klein, Nvidia CEO Jensen Huang said that if AI labs cannot contain their experiments and those experiments risk harming the world, the labs should be shut down. He argued the potential civil and criminal liabilities from uncontained AI testing would be too great for society to bear.
Palo Alto Networks CEO Nikesh Arora said slowing down AI development is unrealistic and downplayed fears that AI poses an extinction-level threat to humanity, calling that risk extremely small. His stance was noted as aligning closely with Nvidia CEO Jensen Huang's view, which contrasts with more cautious warnings from the heads of Anthropic and OpenAI.
Nvidia CEO Jensen Huang told CBS he sees no chance of a catastrophic AI scenario unfolding by 2030, calling some AI industry leaders' warnings irresponsible and unnecessarily frightening to the public. He suggested that frontier AI labs pushing for new regulations may be doing so to sidestep accountability under existing laws.
Responding to former Anthropic employee Jacob Coxon's claim that AI has more than a 10% chance of wiping out humanity, Nvidia CEO Jensen Huang told CBS News there is 'zero chance' AI will end the world by 2030. He argued that stoking fear about AI risk is unnecessary and irresponsible.
TechCrunch's Equity podcast hosts examined Anthropic CEO Dario Amodei's newly published proposal urging the industry to slow AI development pace, contrasting it with Nvidia CEO Jensen Huang's dismissal of AI backlash concerns as overblown, echoing President Trump's stance against regulation. Podcast host Sean O'Kane expressed skepticism that Amodei's plan contains enough concrete detail to actually change corporate behavior, despite apparent support from figures including Sam Altman and Elon Musk.
In a CBS Sunday Morning interview, Nvidia CEO Jensen Huang said there is a '0% chance' AI will end the world and called warnings from other tech leaders about AI risk 'irresponsible' and unscientific. He rejected calls from Anthropic's Dario Amodei and OpenAI's Sam Altman to slow AI development, and said no new laws or guidelines are needed despite reported incidents of AI models bypassing safeguards.