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yesterday 05:43

Alibaba's shares rose on Wednesday after Chinese state media reported that the e-commerce giant secured an important client for its artificial intelligence chips.

Adrian Rusu

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International

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China Unicom will implement the AI accelerators developed by Alibaba's semiconductor unit, known as Pingtouge or T-Head, according to state television CCTV.

Alibaba's shares closed up over 5% in Hong Kong, while the stocks listed in the US were up over 2%.

Sources

Alibaba, în creştere cu 5% la bursă, miercuri, după ce a atras un client major pentru cipurile sale AI

Alibaba, în creştere cu 5% la bursă, miercuri, după ce a atras un client major pentru cipurile sale AI

ȘTIRI PE ACELEAȘI SUBIECTE

Science IT&C

Alibaba is working on a chip designed for AI applications, focused on inference, without the intention of selling it abroad, in the context of tensions between the USA and China.

International

The Chinese semiconductor company Cambricon recorded a 4,000% increase in revenue in the first half of the year. This performance highlights the efforts of Chinese companies to become alternatives to Nvidia.

International

After a period of accelerated expansion due to unprecedented demand for processors intended for artificial intelligence, Nvidia announces a revenue forecast of approximately 54 billion dollars for the third quarter, slightly below investors' expectations.

International

The regulatory authority in China has stated that Nvidia has violated antitrust laws related to the acquisition of Mellanox, with the company's shares falling by 2%.

Economy

Nvidia and AMD have agreed to transfer 15% of revenues from chip sales in China to the US government, in exchange for export licenses.

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