Chinese AI companies are actively adapting to recent US restrictions on chip exports. These firms are exploring domestic alternatives to major chipmakers like Nvidia, thereby enhancing their resilience. A significant development in this direction is the $280 million investment pledged by Guangzhou government-backed investors to Shanghai Biren Intelligent Technology Co., a Chinese AI chip firm. This investment reflects a broader trend of Chinese companies setting up challengers to Nvidia.
Despite these restrictions, companies like Baidu and Tencent Holdings have managed to stockpile enough Nvidia chips to maintain operations. Baidu has even developed an AI model that rivals OpenAI's GPT-4, while Alibaba has introduced Tongyi Qianwen 2.0, capable of advanced AI functions. These developments signal a robust response to the US Commerce Department's October restrictions aimed at hindering China's military advancements using AI technology. The US has expressed concerns that advanced chips in Chinese hands could lead to more potent weapons and military strategies threatening US national security.
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