At the Beijing Expo, Jensen Huang also announced plans for a new chip for Chinese clients that is designed for robotics and smart factories.

In a meeting with Jensen Huang, Minister Wang Wentao says China’s doors are wide open for Nvidia and other multinational firms.

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’.

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.