Beijing has also reportedly encouraged Chinese AI developers to increase purchases of domestic chips as trade tensions between China and the US escalate. In mid-April, Nvidia stated that it was expecting around $5.5 billion in charges associated with its AI chip inventory due to significant export restrictions imposed by the US government affecting its business with China. The Trump administration added Nvidia’s H20 chip, its most powerful processor that could be sold to China, to a growing list of semiconductors restricted for sale to the country.
China seeks self-reliance on AIReuters reported on April 26, citing state media reports, that Chinese President Xi Jinping pledged “self-reliance and self-strengthening” to develop AI in the country.“We must recognise the gaps and redouble our efforts to comprehensively advance technological innovation, industrial development, and AI-empowered applications," Xi said at a Politburo meeting study session on April 25.
The Shenzhen-based Huawei is poised to start testing a new AI chip called the Ascend 910D, and has approached local tech firms, which are slated to receive the first batch of sample chips by late May, The Wall Street Journal reported on April 27, citing people familiar with the matter.
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Author / Journalist: Cointelegraph by Martin Young
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