For many years, the US has controlled the global technology market. China, however, wishes to alter that. The second-biggest economy in the world is investing heavily in robots and artificial intelligence (AI). Importantly, Beijing is also making significant investments to manufacture the sophisticated processors that drive these innovative technology.
The head of Nvidia, a massive AI chip company based in Silicon Valley, Jensen Huang, issued a warning last month that China was only “nanoseconds behind” the US in chip development. Can Beijing, then, match American technology and shift away from importing expensive chips? When China’s DeepSeek introduced a competitor to OpenAI’s ChatGPT in 2024, it rocked the IT industry.
The launch of a relatively obscure startup was noteworthy for several reasons, not the least of which was that it claimed to be significantly less expensive to train than top AI models. It was reportedly made with a significantly lower number of expensive chips than its competitors. When it was released, the market value of Nvidia, a company based in Silicon Valley, briefly declined.
Additionally, the tech sector in China has continued to gain momentum. Some of the nation’s largest tech giants have stated this year that they aim to challenge Nvidia and become the primary providers of cutting-edge chips for regional businesses.
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