"Chinese Tech Giants Reject Nvidia's Slower AI Chips"

Nvidia has unveiled a slower, less powerful AI chip to comply with US export rules, but Chinese tech giants like Alibaba and ByteDance have indicated they are not interested in the product. The move comes as the Biden Administration aims to slow China's technological advancements, leading to concerns about potential increases to US restrictions. By downgrading its chips, Nvidia faces a narrowing performance gap compared to Chinese alternatives, prompting Chinese firms to consider sourcing locally. This shift poses challenges for Nvidia, which has previously enjoyed a significant share of China's AI chip market.