Crypto
As the US plans to limit the export of synthetic intelligence (AI) chips to China, a Chinese AI chip company has secured an investment pledge of $280 million.
The chip restrictions and other sanctions on Chinese AI companies had been viewed as a colossal blow to the countries’ AI developments. On the other hand, the companies possess began to figure out doubtless picks, building resilience against the crackdowns.
Chinese AI Companies Be taught about Home Picks to Nvidia
In line with Bloomberg, China is ramping up on environment challengers to the arena’s largest chipmaker – Nvidia. This ability that, Guangzhou government-backed traders reportedly pledged an investment of ¥2 billion (round $280 million) in Shanghai Biren Wise Technology Co. (Biren).
Bloomberg’s sources extra told that Biren goals to stable extra funding from the Hong Kong government. One other Chinese AI chip startup, Moore Threads, reportedly raised hundreds and hundreds of yuan thru a series-B round.
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These developments arrive as a relief for Chinese companies comparable to Baidu and Tencent Holdings, that were specializing in AI developments. On the other hand, these AI companies revealed they’d saved enough Nvidia chips to retain the operations working.
Baidu boldly states that its newest Man made Intelligence model can compete with OpenAI’s GPT-4. Within the intervening time, Alibaba launched its AI model, Tongyi Qianwen 2.0, that has capabilities of working out, copywriting, reasoning, and hallucination prevention.
In October, the US Commerce Department unveiled AI chip restrictions on China to thwart its military advancement utilizing the technology. BeInCrypto previously reported:
“The US fears developed chips in Chinese fingers might likely empower extra devastating weapons and armed forces suggestions that threaten US national security.”
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