Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China's Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3%
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5 Articles
Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China's Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3%
A reported U.S. rule could shut the overseas cloud backdoor Chinese tech giants use to reach top-tier AI chips. One company's all-in bet on cloud and in-house silicon puts it in the sharpest crosshairs, while its rivals barely flinch.
The U.S. government is pursuing measures to expand export restrictions to block Chinese artificial intelligence (AI) companies from using advanced U.S. AI semiconductors through data centers in third countries, such as Southeast Asia. The core of the plan involves designating seven additional countries, including Singapore and Malaysia, as targets for restrictions and limiting remote access by Chinese companies. On the 11th (local time), the U.S…
Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China’s Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3%
The post Alibaba Sinks 8% on Report U.S. Is Finalizing Curbs on China’s Remote AI Chip Access; Baidu Falls 4%, PDD Slides 3% appeared first on 24/7 Wall St.. U.S.-listed Chinese tech stocks are under pressure as Washington moves closer to closing a key path to advanced AI chips. Alibaba…
The Information reported today that the U.S. Department of Commerce is preparing to finalize new regulations that would prohibit Chinese AI companies from remotely obtaining advanced AI chip computing power through data centers in other countries. The scope of the regulation will be expanded to include seven more countries, including Malaysia, Singapore, and Thailand.
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