Nvidia Faces Setback As China’s Tech Giant To Launch AI Chip

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As a seasoned crypto investor with a keen eye for tech trends, I find myself intrigued by Huawei’s ambitious move to challenge Nvidia in the AI chip market. Having closely observed the tech landscape for years, I can confidently say that this is not just another battle between giants but a significant stride towards technological independence for China.

Huawei, a significant tech player from China, has announced plans for a fresh round of competition with Nvidia by unveiling a new AI chip called Ascend 910C in the near future. With ongoing trade restrictions and economic sanctions on China imposed by the U.S., Chinese companies are leaning towards this innovative AI chip as an alternative.

China’s Huawei To Unveil New AI Chip Rivaling Nvidia

Huawei is about to unveil its new Ascend 910C AI processor soon, as reported by the Wall Street Journal on August 13. The report also mentioned that various Chinese internet and telecommunications firms are currently testing this latest AI chip in an attempt to significantly enhance user experience.

Additionally, the tech colossus situated in Shenzhen seemingly showcased its advanced AI chip competencies to prospective clients, asserting it’s equivalent to Nvidia’s H100. Nevertheless, it’s important to mention that the U.S.-based AI powerhouse dominates the global AI market over the Chinese tech company. This is due to the challenges encountered by the Chinese firm after trade restrictions on AI chips and commercial sanctions enforced by the United States.

Previously this year, American authorities took away permits that allowed companies like Intel and Qualcomm to provide Huawei with chips for computers and mobile devices. However, there’s high anticipation that the upcoming Ascend 910C AI chip could be a groundbreaking innovation for Huawei in the tech industry.

The major American tech company has achieved a significant milestone, boasting a staggering valuation of $2.68 trillion in the market. Interestingly, it’s predicted that Nvidia, headed by Jensen Huang, will supply over a million H20 chips to Chinese clients. This is due to the innovative chip design that circumvents U.S. restrictions on selling AI processors to China.

Meanwhile, the CEO’s latest comments during the current U.S. presidential election have ignited conversations across the country.

Jensen Huang Calls For Debate Between Trump & Harris

Jensen Huang, the head of Nvidia, has proposed a discussion centered around AI, involving both Donald Trump and Kamala Harris. He emphasized this on X, stating, “I’m open to facilitating a debate.” Additionally, he mentioned, “Unlike Elon Musk, I remain neutral in the recent events following Trump’s interview.”

Moreover, let’s note that Elon Musk, the CEO of both Tesla and SpaceX, has extended an invitation to Kamala Harris, a Democratic presidential nominee, for an interview on X spaces. This invitation comes after a Trump interview, causing quite a stir in the U.S., as we approach the upcoming presidential elections.

As an analyst, I’d like to highlight that today, the NVDA stock found itself at $114.23—a notable 4.78% rise, according to the latest figures from Nasdaq.

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2024-08-13 17:33