This article briefly:

Chinese AI companies are exploring domestic alternatives to Nvidia to boost resilience amid U.S. chip restrictions.

Investors backed by the Guangzhou government committed $280 million to Shanghai Biren Intelligent Technology Co., Ltd.

Chinese companies Baidu and Tencent have stockpiled enough Nvidia chips to keep operating despite U.S. restrictions.

A Chinese artificial intelligence chip company has received a $280 million investment commitment as the United States plans to restrict exports of artificial intelligence chips to China.

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

Chinese AI firms seek domestic alternatives to Nvidia

China is stepping up its efforts to challenge Nvidia, the world's largest chipmaker, according to Bloomberg. Investors backed by the Guangzhou government have reportedly pledged to invest 2 billion yuan (about $280 million) in Shanghai BiRen Intelligent Technology Co., Ltd. (BiRen).

Bloomberg's sources further revealed that Billon's goal is to obtain additional funds from the Hong Kong government. Moore Threads, another Chinese AI chip startup, has reportedly raised millions of yuan in a Series B round of financing.

These developments have brought relief to Chinese companies focused on AI development, such as Baidu and Tencent Holdings. Nonetheless, these AI companies revealed that they have stockpiled enough Nvidia chips to maintain operations.

Baidu boldly stated that its latest AI model can compete with OpenAI's GPT-4. At the same time, Alibaba released the AI ​​model "Tongyi Qianwen 2.0", which has the capabilities of understanding, copywriting, reasoning, and anti-hallucination.

In October, the U.S. Department of Commerce announced restrictions on Chinese artificial intelligence chips to prevent them from using the technology for military advancement. Media previously reported:

"The United States is concerned that advanced chips in China's hands could empower more destructive weapons and military strategies that threaten U.S. national security."

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