Nvidia's Huang calls for global AI expansion to boost economic growth

Nvidia CEO Jensen Huang urged G20 nations to accelerate AI development and adoption during a tech event in North Carolina, comparing AI to essential infrastructure like water and electricity. He emphasized the need for each country to build its own AI infrastructure to support economic growth. As G20 representatives met in North Carolina, opposition to data center construction in the U.S. has risen, becoming a key issue in the November midterm elections. Meanwhile, AI model breaches have prompted calls for stricter regulations to ensure safety. Huang warned that public and policy fears of AI could hinder progress, stressing the importance of focusing on AI's potential to boost productivity and prosperity. Nvidia reported a 70% sales growth forecast for the next fiscal year, driving a significant stock increase since April 2025. Other tech leaders, including SpaceX's Elon Musk, also called for reduced AI restrictions, criticizing EU regulations as overly strict. Musk claimed his company has fully committed to AI, arguing excessive regulation could stifle innovation. The event, attended by major tech executives, highlighted global efforts to balance AI growth with safety and regulatory oversight.