Chipmaker Nvidia will exclude the Chinese market from its revenue and profit forecasts following the imposition of tough US restrictions on chip sales to China, its CEO said Thursday.

Nvidia and AI search firm Perplexity said they are joining hands with model builders and cloud providers across Europe and the Middle East to refine sovereign large-language models (LLMs) and accelerate enterprise AI uptake in local industries.

NVIDIA Corporation NVDA showed off its AI market leadership and growing opportunities for sovereign AI at GTC Paris, an analyst said in a new investor note. The NVDA Analyst: JPMorgan analyst Harlan Sur maintained an Overweight rating on Nvidia with a $170 price target.

Will artificial intelligence save humanity — or destroy it? Lift up the world’s poorest — or tighten the grip of a tech elite? Jensen Huang, the global chip tycoon, offered his opinion on Wednesday: neither dystopia nor domination.

CEO Jensen Huang kicked off GTC Paris by unveiling plans for an Industrial AI Cloud in Europe and a network of AI factories to power the next industrial revolution. Warning! GuruFocus has detected 4 Warning Signs with NVDA.

Nvidia Corp chief executive officer Jensen Huang (黃仁勳) yesterday projected that Europe’s artificial-intelligence (AI) computing capacity will increase by a factor of 10 over the next two years, with more than 20 so-called AI factories in the works.

The chip designer pledged to build 20 AI factories on the continent, including a German facility in the works to be equipped with 10,000 GPUs.