​​Nvidia CEO Jensen Huang on California’s proposed billionaire’s tax: We chose to live in…

Nvidia CEO Jensen Huang says he is not worried about a proposed tax on billionaires in his home state of California. Even though the tax could cost him over $7 billion, Huang stated that he is “perfectly fine with it” because he and his company chose to live in Silicon Valley for its talented workforce. He explained that he values the region and is willing to accept the taxes that come with staying there.In an interview with Bloomberg, Huang said his primary focus is on his technology work, not his personal taxes. He said, “Not this person. This person is trying to build the future of AI.” He further explained his choice to remain in the state by saying, “We chose to live in Silicon Valley, and whatever taxes, I guess they would like to apply, so be it.” Nvidia was founded in a California restaurant over 30 years ago and, under Huang's leadership, it has grown into the world's most valuable company.The proposed plan involves a one-time 5% tax on billionaires' total wealth in the state to help fund services such as health care and education. Huang, who is currently the ninth-richest person in the world, said in the interview that he has not spent any time worrying about the bill. He mentioned that while other wealthy tech leaders may be upset about the potential cost, he has not even thought about it once.If the tax proposal passes, Huang could end up paying one of the state's most significant tax bills. He's worth $155.8 billion according to the Bloomberg Billionaires Index, meaning the 5% tax on his wealth would cost him over $7.8 billion.Nvidia became one of Silicon Valley's most powerful companies by creating the computer chips that power artificial intelligence. The company started in a Denny's restaurant in San Jose, California, in 1993, and is now headquartered in nearby Santa Clara.While Jensen Huang said he plans to stay in the state, several other billionaires decided to move before the January 1 residency deadline. On New Year’s Eve, Peter Thiel said he was opening a Miami office for Thiel Capital as he shifted his residency to Florida. Venture capitalist and current AI czar David Sacks also said he was leaving California for Austin.