Finance News

Trump plans state dinner for Xi Jinping with Altman, Huang and Cook


President Donald Trump is planning to hold a state dinner next week to mark a visit by Chinese President Xi Jinping, and several tech industry leaders are expected to attend.

OpenAI CEO Sam Altman and Apple Executive Chairman Tim Cook are both reportedly planning to attend the state dinner.

Nvidia CEO Jensen Huang is also expected to attend the event, a person familiar with the matter told FOX Business.

The tech leaders’ anticipated attendance at the Trump-Xi state dinner comes at a time of geopolitical tensions, including over the development of artificial intelligence (AI) and access to both models and the chips that power them.

NVIDIA CEO DRAWS LINE ON AI SAFETY AFTER ALARMING INCIDENTS: ‘IF IT’S NOT READY, JUST HOLD IT BACK’

President Donald Trump and President Xi Jinping

President Donald Trump and China’s President Xi Jinping are scheduled to hold a state dinner during Xi’s visit next week. (Andrew Caballero-Reynolds/AFP)

The U.S. and China are locked in a competition in which the two world powers are racing to develop more capable AI tools, which have been a source of tension between the countries.

China’s access to specialized chips that power advanced AI models has been restricted through the U.S. government’s use of export controls on advanced semiconductors, like those made by Nvidia.

Huang has been critical of those restrictions and said in May that China has “all the chips they need” despite the U.S. restrictions.

BESSENT SAYS US NEEDS MORE OPEN-SOURCE AI MODELS TO COMPETE WITH CHINA

Nvidia CEO Jensen Huang.

Nvidia CEO Jensen Huang is among the tech leaders expected to attend the state dinner. (Sean Rayford/Getty Images)

American companies like OpenAI and Anthropic have relied on using frontier models, which are proprietary and not available for use without purchasing a license, to gain their edge in the AI race. Chinese tech companies have used distillation as a means of using open-weight models to keep up with U.S. firms’ frontier models.

Altman and other tech leaders have recently been discussing steps to rein in AI development to ensure the safety and alignment of those models amid concerns about their potential impact on humanity.

“It is the responsibility of the AI companies ourselves to develop the technology safely and to properly test it,” Huang told reporters. “If it’s not ready, just hold it back. You should go as fast as you can, but no faster than that.”

State dinners are among the highest diplomatic honors a U.S. president can bestow on a foreign leader.

NVIDIA CEO JENSEN HUANG WARNS CHINA HAS ‘ALL THE CHIPS THEY NEED’ DESPITE US BANS

Ticker Security Last Change Change %
AAPL APPLE INC. 336.13 -0.87 -0.26%
NVDA NVIDIA CORP. 222.27 +2.93 +1.34%

Next…



Read More: Trump plans state dinner for Xi Jinping with Altman, Huang and Cook

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More