Jensen Huang is urging China and the U.S. to team up on AI safety, while warning that this stuff carries significant risks. Sounds pretty diplomatic, but in reality he’s caught in the middle, with no easy way to please either side—the chip restrictions are choking him, and he can’t afford to lose the market either. Any tightening of AI regulation could shake up the computing-power narrative, and on-chain AI plays will follow sentiment in the short term. Don’t get carried away.

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