TLDR
- Nvidia (NVDA) stock closed at $221.30 on Oct. 14, down $7.22 or 3%, and traded near $217.86 in premarket.
- CEO Jensen Huang said he would stop supplying chips to a developer of unsafe AI, calling it “a hypothetical, but yes.”
- Nvidia is donating $250 million over five years to UK AI safety research, including work at Oxford and UCL.
- Huang dismissed AI bubble concerns and said demand for AI infrastructure will exceed component supply for several years.
- Chip stocks led declines in U.S. trading, and Bharti Airtel’s Sunil Mittal urged governments to act early on AI rules.
Nvidia (NVDA) stock closed at $221.30 on Oct. 14, down $7.22, or 3%. Premarket trading on Oct. 15 showed it near $217.86, another 2% lower.
The drop came as chip stocks led declines in U.S. trading. It also came on a day when CEO Jensen Huang made headlines for his comments on AI safety.
Huang spoke with Bloomberg’s Emily Chang in London. She asked whether he would stop supplying chips to an irresponsible AI developer.
“It’s a hypothetical, but yes,” Huang said. He added that Nvidia would talk to the company first.
“We don’t run other people’s companies,” he said. He noted there is a limit to the judgment Nvidia applies, because its technology is general-purpose.
Safety Funding and the Debate
Nvidia is putting $250 million over five years into UK research on AI safety. The money will give researchers access to advanced computing time.
Oxford University and University College London are among the institutions involved. They will study safeguards and ways to control AI agents.
Huang is touring Europe ahead of a company event in Berlin. He said fears about AI safety are part of growing pains in a fast-moving industry.
He said many young companies are “growing incredibly fast.” In his view, they are still growing into the accountability that comes with that.
Anthropic CEO Dario Amodei has proposed an industrywide slowdown to address safety concerns. Huang said he believes the software can be controlled and used safely.
He also said some of the worry is “self-imposed.” The industry, he said, is doing a “horrible job” of explaining the benefits of AI.
Huang argued that AI can be part of the fix. He called for faster work on monitoring tools, saying “AI is that monitor.”
Demand Outlook and Calls for Rules
Huang also waved off talk of an AI bubble. He said demand for AI infrastructure would outrun component supply for several years.
Supply and demand will eventually balance, he told an event in London. He stressed that this has not happened yet.
In India, Bharti Airtel chairman Sunil Mittal called on governments to move early on AI rules. He said the technology is growing faster than regulators can prepare.
Mittal pointed to warnings from technology founders that their agents “may run rogue.” He asked whether governments will “wake up only when an accident happens.”
Nvidia stock was trading near $217.86 in premarket on Oct. 15, after Tuesday’s 3% decline to $221.30.
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