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<p>Nvidia CEO Jensen Huang, widely recognized as a leading figure in AI, gives credit not to himself, but to President Trump for saving the AI industry.</p>
<p>“The fact that he came into office and the first thing that he said was: drill, baby, drill. His point is we need energy growth. … Without energy growth, we can have no industrial growth. And that was it, saved it, saved the AI industry,” Huang told podcaster Joe Rogan. “I gotta tell you flat out, if not for his pro-growth energy policy, we would not be able to build factories for AI.”</p>
<p>On the first night of his presidency, Trump wasted no time addressing American energy. He <a href="https://www.whitehouse.gov/presidential-actions/2025/01/declaring-a-national-energy-emergency/" target="_blank" rel="noopener">declared</a> a “National Energy emergency,” stating, “An affordable and reliable domestic supply of energy is a fundamental requirement for the national and economic security of any nation.”</p>
<p>While Huang told Rogan that long-term, “the amount of energy necessary for artificial intelligence for most people will be minuscule, utterly minuscule,” he made it clear that today, energy “is the bottleneck” for AI growth.</p>
<p>His warning is backed by Wall Street. Goldman Sachs <a href="https://www.goldmansachs.com/insights/articles/AI-poised-to-drive-160-increase-in-power-demand" target="_blank" rel="noopener">estimates</a> that power demand from data centers could rise by 160% by the end of the decade due to AI.</p>
<p>Trump has spoken openly about the scale of that challenge. In a speech discussing the future of AI, the president recalled learning how much electricity AI plants would require. “You got to be kidding. Double what we produce right now for everything.”</p>
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<p>Preparing the nation for a surge in energy demand, Trump passed an executive order, titled “<a href="https://www.whitehouse.gov/presidential-actions/2025/01/unleashing-american-energy/" target="_blank" rel="noopener">Unleashing American Energy</a>.” The order calls for expanded energy exploration and production on federal lands and waters and instructs federal agencies to review existing regulations, orders, and policies. Federal agencies are directed to revise or rescind actions that “impose an undue burden on the identification, development, or use of domestic energy with particular attention to oil, natural gas coal, hydropower, biofuels, critical mineral, and nuclear energy resources.” The order also paused Biden-era funding and subsidies for many “green” initiatives.</p>
<p>Five days before President Biden left office, his administration issued the AI Diffusion Rule, creating new compliance and export requirements for advanced AI technology. Nvidia quickly condemned the rule and later supported the Trump administration’s decision to rescind it. “This last-minute Biden administration policy would be a legacy that will be criticized by U.S. industry and the global community,” stated Nvidia’s vice president of government affairs in a statement <a href="https://seekingalpha.com/news/4393980-nvidia-criticizes-biden-administrations-plan-for-ai-chip-export-curbs" target="_blank" rel="noopener">shared</a> with Seeking Alpha. “We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the U.S. economy, set America back. And play into the hands of U.S. adversaries.”</p>
<p>Exactly two months after Biden’s AI Diffusion Rule had been in place, and three months before it would have taken effect, the Trump administration rescinded the rule.</p>
<p>The rule, issued on January 15, 2025, was scheduled to take effect on May 15. The Bureau of Industry and Security, which has authority over the rule, later rescinded it, stating that the requirements would have stifled American innovation by burdening U.S. companies with heavy regulatory costs.</p>
<p>Complimentary of the administration’s policies, Huang also noted he was surprised by President Trump.</p>
<p>“The one-on-one President Trump is very different,” the CEO explained. “He surprised me. First of all, he’s an incredibly good listener. Almost everything I’ve ever said to him he’s remembered.”</p>
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Nvidia CEO Says Trump’s Energy Policy Saved American AI
