Earlier this yr, DeepSeek briefly crashed Nvidia’s inventory due to hypothesis that its fashions require far fewer chips.
Now, Chinese language fintech big Ant Group, which is backed by Alibaba founder Jack Ma, is claiming a serious AI breakthrough. Ant was ready to make use of Chinese language chips made by Alibaba and Huawei to create strategies that reduce AI coaching prices by 20%, Bloomberg reported, citing sources acquainted with the matter.
What’s extra, the Chinese language-made chips carried out about in addition to Nvidia chips throughout Ant Group’s assessments, Bloomberg sources declare.
If these Chinese language chips catch on, it might hurt Nvidia’s present and extremely profitable standing as the most well-liked AI chip producer.
Nvidia chips stay highly-sought after, together with in China, the place patrons are reportedly getting its newest Blackwell chip regardless of U.S. export controls.
Ant Group and Nvidia didn’t instantly reply to requests for remark.