Alibaba announces latest AI chip as China steps up push to dethrone Nvidia

Alibaba (HKG: 9988) has announced its latest AI chip Wednesday, stepping up China’s push to develop homegrown alternatives to dethrone Nvidia (NASDAQ: NVDA). This happened as Nvidia gaming chips, especially designed for the Chinese market, remain banned. The company says that Zhenwu M890 is three times faster than the previous model. It is made for...