Sam Altman's comments come following Huang's fundamental idea on AI and job losses — AI will not eliminate jobs on the whole but will fundamentally change how work is done.

Huang is now richer than LVMH’s Bernard Arnault ($147.9 billion) and just behind Google co-founder Larry Page ($150.6 billion).

Nvidia CEO Jensen Huang delivered a rare Mandarin-language keynote at the China International Supply Chain Expo on July 16, appearing in traditional Chinese attire. His presence underscored Nvidia's growing engagement with China's fast-evolving AI landscape.

Nvidia CEO Jensen Huang says AI won't erase jobs but will transform how we work — starting with how we think and ask questions.

The approvals mark a major reversal after April’s sweeping restrictions, imposed by the Trump administration, barred companies from selling certain advanced semiconductors to China. Those rules left Nvidia facing a $4.5 billion inventory write-down, as it had no alternative buyers for its H20 chips.

They don’t need Nvidia’s chips … to build their military,” Jensen Huang said in a CNN interview aired Sunday, days ahead of another trip to China.

Huang’s comments stand in stark contrast to those of Anthropic CEO Dario Amodei, who said AI could eliminate half of all entry-level white collar jobs and spike unemployment by double digits over the next five years. Amazon CEO Andy Jassy has also warned AI will reduce the company’s total corporate workforce.

MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.