Because the US plans to limit the export of synthetic intelligence (AI) chips to China, a Chinese language AI chip agency has secured an funding pledge of $280 million.
The chip restrictions and different sanctions on Chinese language AI corporations had been seen as an enormous blow to the international locations’ AI developments. Nonetheless, the companies have began to determine alternate options, constructing resilience in opposition to the crackdowns.
Chinese language AI Corporations Search Home Options to Nvidia
According to Bloomberg, China is ramping up on setting challengers to the world’s largest chipmaker – Nvidia. Consequently, Guangzhou government-backed traders reportedly pledged an funding of ¥2 billion (round $280 million) in Shanghai Biren Clever Know-how Co. (Biren).
Bloomberg’s sources additional knowledgeable that Biren goals to safe extra funding from the Hong Kong authorities. One other Chinese language AI chip startup, Moore Threads, reportedly raised tens of millions of yuan by means of a series-B spherical.
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These developments come as a aid for Chinese language companies resembling Baidu and Tencent Holdings, which had been specializing in AI developments. Nonetheless, these AI companies revealed that that they had saved sufficient Nvidia chips to maintain the operations operating.
Baidu boldly states that its newest Synthetic Intelligence mannequin can compete with OpenAI’s GPT-4. In the meantime, Alibaba introduced its AI mannequin, Tongyi Qianwen 2.0, that has capabilities of understanding, copywriting, reasoning, and hallucination prevention.
In October, the US Commerce Division unveiled AI chip restrictions on China to thwart its army development utilizing the know-how. BeInCrypto beforehand reported:
“The US fears superior chips in Chinese language arms may empower extra devastating weapons and army methods that threaten US nationwide safety.”
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