Chinese electrical automobile firm Nio stated it does not count on U.S. restrictions on Nvidia to have an effect on the start-up’s enterprise operations.
Vcg | Visual China Group | Getty Images
Li stated Wednesday there are numerous corporations in China with synthetic intelligence coaching chips, and that Nio is evaluating alternatives to work with completely different corporations.
But he stated the U.S. restrictions wouldn’t have an effect on Nio’s long-term technique.
Last week, automaker Geely stated it will not be affected by the brand new restrictions, as did autonomous driving start-ups WeRide and Pony.ai.
Earlier this week, Chinese monetary information website Caixin reported that He Xiaopeng, chairman of electrical automobile start-up Xpeng, stated the restrictions would deliver challenges for all autonomous driving algorithm coaching on cloud computing platforms.
But he stated the corporate has purchased sufficient of the high-tech merchandise to satisfy demand for the approaching years, based on the report. Caixin cited He’s submit on a private WeChat account, which is analogous to a non-public Facebook information feed submit.
Xpeng didn’t instantly reply to a CNBC request for remark.
— CNBC’s Arjun Kharpal contributed to this report.
Source: www.cnbc.com”