Chinese artificial intelligence companies are rushing to hire Nvidia computing power abroad amid fears of new restrictions in the US -. Reuters.
Chinese companies developing artificial intelligence are seeking to secure access to Nvidia's computing power in foreign data centers. According to Reuters, the concerns are related to a possible tightening of American restrictions after the scandal surrounding Nvidia chief Jensen Huang's alleged ties to a Chinese spy.
Chinese companies are currently circumventing restrictions on chip exports by leasing computing power outside of China. However, proposed legislative measures in the United States may close this possibility. Against the background of the fear of new restrictions, Chinese technology shares fell sharply: Alibaba shares lost up to 7.1%. At the same time, gray market participants began buying banned Nvidia chips in anticipation of greater restrictions from Washington.
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