EconomyLens.com
No Result
View All Result
Wednesday, September 2, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Tech bosses press G20 to build data centers, but split on risk

Natalie Fisher by Natalie Fisher
September 2, 2026
in Other
Reading Time: 8 mins read
A A
0
19
SHARES
236
VIEWS
Share on FacebookShare on Twitter

Nvidia CEO Jensen Huang and US Secretary of Commerce Howard Lutnick speak during the G20 Innovation Ministerial in Chapel Hill, North Carolina. ©AFP

Chapel Hill (United States) (AFP) – Top US tech bosses, including Nvidia chief Jensen Huang and OpenAI’s Sam Altman, urged G20 ministers Wednesday to embrace artificial intelligence and build the data centers to run it. The executives spoke on the second day of a G20 meeting in North Carolina, where the Trump administration corralled the AI industry’s top figures to pitch their vision to ministers from the world’s leading economies.

Related

US energy secretary in Venezuela to sign Trump’s ‘biggest’ oil deal

Wall Street stocks rise despite bond yields, oil rising

Wall Street stocks mixed as energy prices, bond yields turn lower

Stocks drop, bond yields rally on Mideast flare-up

Stocks drop, yields at three-decade highs on Mideast flare-up

“In the end, what every single country will have to recognize is that (AI) is infrastructure, just as it’s water, roads, electricity, the internet,” Huang told the ministers. “Every single country needs to build infrastructure so that you can support your own local economy,” he said. Nvidia is the key corporation behind the generative AI frenzy that has catapulted it to become the world’s most valuable publicly traded company. Housed in data centers going up around the world, the company’s graphics processing units are key components for training AI models. Such facilities provide “the digital intellectual capacity to support your researchers and students and society and industries and startups,” Huang said.

However, data centers have become a political hot potato in the United States, with many communities opposed to their construction and concerned about the impact they will have on electricity rates. Huang also pushed back on notions that AI posed a threat to jobs. “The idea that somehow all the jobs are going to be eliminated or removed — that’s just nonsense,” he said. Work would be redefined rather than eliminated, he argued. “The tasks are going to be automated, but our jobs’ purpose remains,” he said. In a reflection of public concern, the meeting on the campus of the University of North Carolina was met with about 100 to 200 people protesting AI’s fast development.

Huang reserved his sharpest warning for governments that dwell on the technology’s risks. “The worst outcome is that you don’t take advantage of it, that you are left behind,” he said, adding that countries would suffer if leaders “talk about the technology with fear, with uncertainty.” His appearance was moderated by US Commerce Secretary Howard Lutnick, who called Huang an “American treasure.”

Altman, addressing another session, was less pushy about data centers. “Some of you will choose to build data centers. Some of you will choose to rent data centers (from) other people because you don’t want them in your country,” he said. “I think all that’s fine.” But adoption itself was not optional, the OpenAI chief argued, comparing a country refusing AI to one refusing electricity a century ago. “It is non-negotiable. You have to use it,” Altman said. “The value to a country is too high to ignore.” He struck a more alarmist tone than Huang on risk. “Worry is warranted. Worry is how we anticipate problems,” Altman said, drawing a parallel with the development of fire safety after blazes destroyed cities. He also cautioned against the technology concentrating wealth, saying OpenAI did not want to be the only company in the field or to “suck up all the value.”

Ministers in the room were more circumspect. Chris McDonald, the UK’s science and technology minister, told AFP nobody disputed the opportunity the executives were describing, but that “clearly the people leading businesses have a different set of responsibilities to people running countries.” Britain was pursuing AI acceleration and public trust at once, he said, warning that neglecting either would be problematic. “There’s no choice between things like IP protection and AI, or economic growth and growing AI. You’ve got to get the sweet spot where you get them both in the same place,” McDonald said. “The porridge can’t be too hot or too cold. It’s got to be just right, and that’s a matter of judgment,” he added, calling it a Goldilocks moment.

Britain has not seen the level of opposition now facing US projects, McDonald said, but he cautioned against assuming it would stay that way, citing British resistance to hydrogen projects and fracking. “We have to be really careful just to make sure we take communities with us,” he said. “It’s not about being an evangelist for the technology; it’s about being practical, pragmatic.”

© 2024 AFP

Tags: artificial intelligencedata centersG20
Share8Tweet5Share1Pin2Send
Previous Post

Europe, US closer than they look on tech rules, says EU tech chief

Natalie Fisher

Natalie Fisher

Related Posts

Other

Global bond sell-off, surging oil prices send markets into the red

September 2, 2026
Other

‘Discomfort’ at G20 finance talks as US hosts Russian minister

September 1, 2026
Other

Zuckerberg, Musk make plea at G20 for more AI data centers

September 1, 2026
Other

Canadian minister says Russia’s G20 presence sparked ‘discomfort’

September 1, 2026
Other

EU official says it’s not time to ‘normalize’ Russia at G20 finance talks

September 1, 2026
Other

Shein flattens on Hong Kong debut facing global headwinds

September 2, 2026
0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Tech bosses press G20 to build data centers, but split on risk

September 2, 2026

Europe, US closer than they look on tech rules, says EU tech chief

September 2, 2026

Uber says laying off ‘about 10%’ of workforce worldwide

September 2, 2026

US energy secretary in Venezuela to sign Trump’s ‘biggest’ oil deal

September 2, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.