Is Jensen Huang’s Departure Actually a Win for the US Against China?
Nouriel Roubini tells Julie Hyman and Jake Conley that Jensen Huang’s departure from Nvidia paradoxically strengthens America’s position against China, for three reasons: the most advanced frontier models are now tightly guarded, the route by which advanced chips reached China via Singapore is closing, and Western startups are building chips on a different architecture. The economist once known for his pessimism then argues US potential growth reaches 4% by 2030 and 10% by 2050, that the AI build-out is inflationary now and disinflationary within three years, and that a universal basic income is affordable if the winners are taxed. Forecasts here are his own.
Featuring:
Nouriel Roubini, Professor Emeritus of Economics and International Business, NYU Stern School of Business
Julie Hyman, Yahoo Finance
Jake Conley, Yahoo Finance
Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc
Timestamps
0:00 Why he says Jensen Huang’s exit helps the US against China
2:08 Can America afford a universal basic income?
3:56 How you get to 10% growth, and why inflation falls
6:10 The deficit, and the Social Security time bomb
8:29 Taxing the winners
10:36 What could actually crash the models
12:24 The gap between the build-out and the returns
14:01 Why he rejects the case for selling chips to China
#Nvidia #AI #Economy #YahooFinance
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