Stuart Varney and Madison Allworth report on Nvidia CEO Jensen Huang dismissing apocalyptic AI fears. Jensen Huang explains why extreme concerns about AI are not based on science, as President Donald Trump mentions at the event. Nvidia CEO Jensen Huang delivered a dual message of caution and explosive financial optimism at a recent Scottish summit convened by King Charles, urging the artificial intelligence industry to prioritize “good old-fashioned engineering” and predicting that his company’s chip sales will double next year. Addressing growing public anxiety about AI risks alongside leaders from Google DeepMind, OpenAI and Anthropic, Huang made clear that despite security hurdles, the global AI gold rush is only accelerating. Asked about Nvidia’s financial horizon amid broader technology scrutiny, the CEO delivered a massive projection that underscores relentless international demand. BESSENT SAYS US NEEDS MORE OPEN SOURCE AI MODELS TO COMPETE WITH CHINA Nvidia CEO Jensen Huang speaks during the G20 Innovation Ministerial on September 2, 2026, in Chapel Hill, North Carolina. (Sean Rayford/Getty Images) “I expect Nvidia to sell twice as many chips next year as it did this year,” Huang revealed, attributing the explosive growth to nations investing aggressively in localized AI infrastructure and cloud data centers. Despite the bullish market outlook, Huang issued a stern directive to technology developers, warning them to keep half-baked products out of the public’s hands. Britain’s King Charles III (L) walks with Nvidia CEO Jensen Huang (R) to attend a conference of artificial intelligence (AI) industry and government leaders at Dumfries House in Cumnock, Scotland, on September 17, 2026. (Jonathan Brady/AFP via Getty Images) “It is the responsibility of AI companies to develop the technology safely and test it properly,” Huang told reporters. Acknowledging recent incidents in the industry, he emphasized that they serve as a critical wake-up call. “If he’s not ready, just hold him back. You should go as fast as you can, but no faster.” Huang firmly rejected comparisons between the current AI boom and the largely uncontrolled rise of social media. He argued that AI is a fundamental technology, like a newly developed aircraft engine, that requires contained and rigorous testing before its launch. Instead of entirely new regulatory frameworks, he suggested governments adapt the “incredible number of laws” that already govern existing sectors such as healthcare and transportation, where AI is being deployed. Ticker Security Last Change Change % NVDA NVIDIA CORP. 218.94 +5.04 +2.36% Environmental concerns were another important focal point, aligning with the King’s mandate that AI must also serve the natural world. Addressing critics who fear massive AI data centers will strain global power grids, Huang acknowledged the “interesting dichotomy” of AI factories requiring immense energy. However, he argued that this relentless demand will actually catalyze a green energy revolution, sparking unprecedented investment in sustainable energy options such as fusion, fission, air and hydro. he concluded. “But don’t lose sight of the ultimate prize, which is the incredible impact that technology can bring to different economies and societies.”
