Earlier this year, DeepSeek briefly crashed Nvidia’s stock because of speculation that its models require far fewer chips. Now, Chinese fintech giant Ant Group, which is backed by Alibaba ...
The chips used in this innovation were sourced from Alibaba Group (NYSE:BABA) and Huawei Technologies—reflecting a broader trend among Chinese tech companies to rely on domestic alternatives in ...
Ant also used Nvidia chips but now relies more on alternatives from Advanced Micro Devices and Chinese chips, according to the Bloomberg report. Ant did declined CNBC's request for comment.
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