) is developing a version of its flagship artificial intelligence chips for Chinese markets that will fall in line with U.S. export restrictions, Reuters reported on Monday.
Nvidia’s current AI offerings are China are geared specifically towards falling in line with U.S. export restrictions on China. But recent reports suggested that its offerings in the country, such as the H20, were seeing weak demand amid heavy competition from local chipmakers, specifically Huawei. Increased interest in AI development also sparked a revenue bonanza for Nvidia, boosting the company’s valuation to make it among the most valuable companies on Wall Street.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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