Chinese tech giants Alibaba, Baidu, and Tencent doubled AI spending to $7B amid US sanctions on Nvidia chips.

As US semiconductor sanctions hamper China's access to Nvidia chips, Chinese tech giants Alibaba, Baidu, and Tencent have doubled their AI spending, investing $7 billion in the first half of 2022. The companies are reportedly accessing the banned chips through brokers and anonymized cryptocurrency methods, while Nvidia works on a China-compliant version of its AI platform. Despite these maneuvers, the US is considering banning the sale of H20 chips to China.

August 26, 2024
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