KEY TAKEAWAYS Nvidia CEO Jensen Huang reportedly called Washington’s export curbs on the sale of AI chips to China a “failure” that would drive Chinese rivals to speed up developing their own semiconductors.

Huang called U.S. measures designed to limit the export of Nvidia's AI chips to China “a failure,” per multiple reports.

The now-scrapped rule would have limited the number of advanced artificial intelligence chips NVIDIA could sell to certain countries.