Nvidia's CEO is working hard to convince everyone that AI is safe, following the drama at OpenAI

• The OpenAI chaos raised big concerns about AI safety and the firms profiting from its development.
• Nvidia CEO Jensen Huang is keen to assure people that AI developers have things under control.

Sam Altman may be back at OpenAI, but the chaos surrounding his unexpected ousting and reinstatement as CEO has raised serious questions about the future of AI safety.

Now, Jensen Huang, leader of one of the dominant AI players, is trying to reassure people that there's nothing to worry about.

The Nvidia CEO told BBC News on Wednesday, "I have every confidence that between all of our colleagues around the world, we will invent technologies, philosophies, methodologies, practices, monitors, regulations, design practices, to keep technology safe."

Huang did not offer any specifics about how the AI community would do this, but perhaps has his own reasons for wanting to boost people's confidence in the technology.

His company has so far been the driving force behind the AI revolution, providing the high-powered chips that every major AI developer, including OpenAI, uses.

Demand has sent the company's market cap soaring up to $1.2 trillion in November, which is an increase of 250%.

However, Nvidia is facing many challenges in China, which historically accounted for about 20% of its sales.

US export restrictions that aim to limit China's access to advanced technology have required Nvidia to develop a new set of products that meet the rules.

At the same time, Chinese rival Huawei has set its sights on the advanced chip market and announced plans to make AI integral to its strategy. Huang said on Wednesday that Huawei was emerging as a "very formidable" competitor, Bloomberg reported.

But the Nvidia cofounder also welcomed the competition, telling BBC News that it "allows us to do our best work and make contributions to society."

The tech chief's assurances on AI safety and his company's future came during a visit to Singapore to help the city-state on plans to further develop its AI offering, Sea-Lion.

Huang told reporters that state-owned large language models would be "the second wave" of AI development.

Huang did not immediately respond to Business Insider's request for comment made outside of normal working hours.