Chinese how the company is holding its ground in the U.S. crackdown

This article is brief:

Amid U.S. chip restrictions, Chinese Robotics is exploring domestic alternatives to Nvidia to build resilience.

Guangzhou government-backed investors pledged US$280 million in Shanghai Biren Intelligent Technology Co., Ltd.

Despite U.S. restrictions, Chinese companies Baidu and Tencent have stockpiled enough Nvidia chips to stay afloat.

At a time when the United States plans to restrict the export of artificial intelligence chips to China, a Chinese intelligent chip company has received a $280 million investment commitment.

Chip restrictions and other sanctions on Chinese industrial intelligence companies are seen as a huge blow to the development of artificial intelligence in various countries. However, these companies have begun to look for alternatives to strengthen their resilience to repression.

Chinese Intelligent Company Seeks Domestic Alternative to Nvidia

According to Bloomberg, China is stepping up its efforts to challenge Nvidia, the world’s largest chipmaker. Guangzhou government-backed investors have reportedly pledged to invest 2 billion yuan (US$280 million) in Shanghai Biqian Intelligent Technology Co., Ltd. (“Biren”).

Bloomberg sources further revealed that Bilen is aiming to get additional funding from the Hong Kong government. Moore Threads, another Chinese smart chip startup, has reportedly raised millions of yuan through a Series B funding round.

These developments have come as a relief to Chinese companies such as Baidu and Tencent Holdings, which focus on AI development. Still, the AI companies have revealed that they have stored enough Nvidia chips to stay afloat.

Baidu has boldly stated that its latest AI model can compete with OpenAI’s GPT-4. At the same time, Alibaba released the artificial intelligence model “Tongyi Qianwen 2.0”, which has the ability to understand, copywriting, reasoning, and prevent hallucinations.

In October, the U.S. Department of Commerce unveiled restrictions on Chinese smart chips to prevent it from taking advantage of the technology’s military advances. The media previously reported:

"The U.S. is concerned that advanced chips in China’s hands could endow them with more devastating weapons and military strategies that threaten U.S. national security. ”

Do you have anything to say about Chinese intelligent enterprises?