MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.

Huang has argued that “100% of everybody’s jobs will be changed” by AI but not erased, as said by many. Rather than causing mass unemployment, Huang envisions AI as a tool t

Nvidia CEO Jensen Huang hailed Chinese AI models like DeepSeek as world-class, adding that AI is ‘fundamental infrastructure’ akin to electricity. Speaking in Beijing, he called China's open-source AI a ‘catalyst for global progress’.

Amid strained bilateral relations, tech titan says many US-educated Chinese researchers are being lured home by vibrant market opportunities.

Huang’s comments stand in stark contrast to those of Anthropic CEO Dario Amodei, who said AI could eliminate half of all entry-level white collar jobs and spike unemployment by double digits over the next five years. Amazon CEO Andy Jassy has also warned AI will reduce the company’s total corporate workforce.

"You know this is no different than getting three opinions. Three doctors' opinions. I do the same thing," Huang said.

Machine learning and automation will replace humans in factories within a decade, said Nvidia’s CEO Jensen Huang.

Jensen Huang, Founder & CEO of Nvidia, delivers a speech at the opening ceremony of the third China International Supply Chain Expo in Beijing, on July 16, 2025. Photo: Chi Jingyi