US Aims To Thwart Xi Jinping's AI Ambitions As China Lures Billionaires Into Race
Portfolio Pulse from Ananya Gairola
The US is considering updating export controls on AI chips to limit China's access to advanced technologies with military applications. This could impact companies like Nvidia Corp. Meanwhile, China is attracting billionaires to participate in the AI race, with companies like Tencent Holdings, Alibaba Group Holding, and Baidu Inc. successfully luring renowned entrepreneurs and engineers. China's AI sector is expected to spend an estimated $15 billion on AI technology this year.
June 28, 2023 | 5:50 am
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NEGATIVE IMPACT
Nvidia could be impacted by the US's potential update of export controls on AI chips, which aims to limit China's access to advanced technologies.
As a leading manufacturer of AI chips, Nvidia could face potential sales losses if the US restricts exports of these technologies to China.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Alibaba is successfully attracting talent for the AI race, which could boost its position in the AI sector.
Alibaba's successful recruitment of talent for the AI race could enhance its AI capabilities and competitiveness, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Baidu is successfully attracting talent for the AI race, which could boost its position in the AI sector.
Baidu's successful recruitment of talent for the AI race could enhance its AI capabilities and competitiveness, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Tencent is successfully attracting talent for the AI race, which could boost its position in the AI sector.
Tencent's successful recruitment of talent for the AI race could enhance its AI capabilities and competitiveness, potentially boosting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75