Chinese AI Euphoria Obscures a Gloomier Technological Reality [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
which investors have grown increasingly excited about the prospects for the country's AI chip advancement. That euphoria may be misplaced. From Moore Threads to Cambricon Technologies Corp. and MetaX, the market is celebrating a coterie of once-unknown names that now harbor bold ambitions to take on Nvidia Corp. — at least at home. Major players like Alibaba Group Holding Ltd. and Baidu Inc. are making headway into the semiconductors that underpin AI development — one of Beijing's top priorities. Recently, Canadian research firm TechInsights took apart a Huawei Technologies Co. smartphone and revealed a processor made using more advanced technologies than Chinese chipmakers were thought capable of. China is even now preparing a package of as much as $70 billion to bankroll and support the sector, people familiar with the matter said. Most Read from Bloomberg A Train Grows in Brooklyn Trump's New Architect Is Sticking With Ballroom's Giant Size Extreme Weather Plunges Brazil'
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- Nvidia Eyes Bigger AI Chip Output After China Orders Flood In [Yahoo! Finance]Yahoo! Finance
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- Intel Nears $1.6 Billion Deal for AI Chip Startup SambaNova [Yahoo! Finance]Yahoo! Finance
- Oracle Delays Some Data Center Projects for OpenAI to 2028 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nvidia Owes It To Shareholders To Sell To Its Most Capable Customers [Forbes]Forbes
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