Nvidia CEO Jensen Huang stated that the United States need not fear China’s open-source AI models, but should be concerned about restrictive bans, emphasizing that Chinese AI models are highly capable and that high-quality open-source models should be utilized. He rejected claims from OpenAI and Anthropic that Chinese competitors steal models, arguing open-source models expand the overall market size. Huang referenced Moonshot AI’s Kimi K3, which triggered the most intense AI-related market panic since DeepSeek roiled financial markets in January 2025, due to its performance approaching the industry frontier, significantly lower pricing, and openly available model weights. Huang asserted it is absolutely impossible—with zero probability—for Chinese firms to drive U.S. companies out of the market, contending that Wall Street and the White House fundamentally misunderstood Kimi K3. He argued cheaper open-source models will allow more individuals and enterprises to benefit from AI, increasing demand for Nvidia chips, data centers, and computing power.