00:00China is also working feverishly to develop AI, including AI weapons systems that can
00:07be turned against the United States.
00:10One company, NVIDIA, makes the chips that are powering AI's advances.
00:18In recent years, NVIDIA's valuation has ballooned to nearly $5 trillion.
00:23That makes NVIDIA the world's biggest company and NVIDIA's CEO, Jensen Huang, a very powerful
00:32person.
00:34And Mr. Huang wants to sell NVIDIA's chips to China, which will profit his own company
00:40and advance China's AI development.
00:44Now I invited NVIDIA's CEO, Jensen Huang, to testify at this hearing and he refused to
00:50join us.
00:51I invited Mr. Huang because he and NVIDIA are lobbying hard to get a blank check from
00:59the Trump administration to allow the sale of advanced chips to China.
01:04Mr. Huang's efforts have alarmed senior military leaders here in the United States who have
01:10warned that such technology could strengthen China's military and put our own national security
01:19at risk.
01:20risk.
01:20No matter.
01:21In Trump's D.C., money talks and President Trump appears to be giving policy handouts to
01:29the highest bidder.
01:31If it's not plain old-fashioned bribery, it sure smells like it.
01:36Mr. Huang and NVIDIA have been active here in D.C.
01:40NVIDIA donated a million dollars to the Trump inauguration.
01:44Mr. Huang made a big donation to Trump's favorite project, his gold-encrusted ballroom.
01:50Mr. Huang wheeled his way into a seat on Air Force One on the President's summit with President
01:57Xi in China.
01:59Mr. Huang even managed to score a meeting with President Xi himself along with President Trump
02:05about NVIDIA's business interests.
02:08All that sucking up to the President has paid off big time for Mr. Huang.
02:14Mr. Huang had strong export controls that would have blocked NVIDIA from selling these chips to China, but the Trump
02:23administration is relaxing these rules.
02:26The Trump administration has also turned a blind eye as massive numbers of these chips have been sold elsewhere, then
02:35somehow magically made it to China.
02:38The American people deserve to hear Mr. Huang answer hard questions from both sides about the role he has played
02:48in undermining our national security.
02:52A.I. holds tremendous promise, but Americans are rightly concerned that it could further rig our economy.
03:01Congress can no longer be a bystander as the risks from A.I. grow nearer and millions more American chips
03:10are sent to China.
03:12It is time for Congress to stand up so that the American people can share in the success of this
03:18technology and not just be left holding the bag for whatever goes wrong.
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03:32A.I.
03:33.
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