China is reportedly taking steps to help emerging AI startups compete with tech giants.
As the Financial Times (FT) report At least 17 cities on Monday announced they would offer “computing vouchers” to startups to help pay for rising data center costs amid shortages of the types of chips essential to the artificial intelligence (AI) field. promised.
These vouchers are worth between $140,000 and $280,000 and can be used for time at AI data centers where companies can train and run large-scale language models (LLMs), according to the report.
According to the report, industry experts said the move came after internet companies providing cloud computing services voided their contracts. That’s because stricter measures in the United States have left them “hogging the GPU.” [graphics processing units] For myself,” one AI founder told the Financial Times.
The report, citing anonymous sources familiar with the matter, said the tech giant is taking steps to limit rentals. Nvidia’s GPU reserves most of these stockpiled AI processors for internal use and major customers.
This follows two years of restrictions by the White House on access to China’s AI chips, forcing companies to stockpile chips, reuse NVIDIA’s gaming chips or turn to the black market. says the report.
“The shortage of expensive AI chips that OpenAI and other AI companies rely on is a concern for companies,” PYMNTS wrote last month. “NVIDIA currently dominates the chip market with over 80% global market share.”
This advantage has helped Nvidia become a $2 trillion company and placed it “at the center of a generative AI revolution that you literally can’t run without its products,” as reported here.
“We have the speed, scale, and reach to help any company in any industry become an AI company.” jensen fansaid Nvidia’s founder and CEO during the company’s latest quarterly earnings call. “The year ahead will bring major new product cycles with great innovation to move the industry forward.”
Meanwhile, PYMNTS investigated China’s role last year as the first major market economy to regulate AI.
The report argues that given China’s status as the world’s largest producer of AI research, China’s oversight of the industry will “ensure the necessary context regarding the underlying structure and technical feasibility of different regulatory approaches.” We will probably add more.”