Tag: artificial intelligence ‘chips’

US bans sales to China of key artificial intelligence ‘chips’
Intelligence, Security

US bans sales to China of key artificial intelligence ‘chips’

Nvidia and competitor AMD announced that the US is blocking them from selling chips for artificial intelligence products to China. Nvidia could lose $400 million this quarter. Chip maker Nvidia revealed on Wednesday that US officials told the company to stop exporting two key computing chips destined for artificial intelligence projects to China. Competitor Advanced Micro Devices (AMD) is in the same situation. According to Reuters, this measure may hamper the ability of Chinese companies to perform advanced tasks, such as image recognition, but also cause some difficulties for Nvidia's business in China. Nvidia shares are down nearly 6.6% after the announcement. The company said the ban could interfere with the completion of development of the H100, a chip announced by Nvidia this ye...