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A Nvidia Corp. HGX H100 graphics processing unit (GPU) for artificial intelligence in the showroom of the company’s offices in Taipei, Taiwan, on Friday, June 2, 2023.
Ai Huacheng | bloomberg | Getty Images
China’s artificial intelligence stocks fell on Wednesday after The Wall Street Journal reported The United States plans to impose new restrictions on shipments of artificial intelligence chips to China.
According to the magazine, American chip manufacturers such as nvidia You will be affected by the move, which may occur as early as July.
nvidia It produces the graphics chips responsible for driving the technology behind OpenAI’s ChatGPT chat software and Alphabet’s Bard.
China’s CSI Artificial Intelligence fell 3% on the news on Wednesday in Asia. Shares traded in Shenzhen Inspur electronic information industry fell 10% Chengdu Information Technology affiliated to the Chinese Academy of Sciences fell nearly 8%. These companies mainly produce computers and software.
Other Chinese AI plays have also declined. Shares of Hong Kong-listed Alibaba — which launched its own version of chatbot ChatGPT — fell about 1.6%, and shares of Tencent, which is building its own artificial intelligence model, fell 1.58%.
Citing sources familiar with the matter, the Wall Street Journal said the United States has growing concerns about China’s ability to make technological advances using AI.
According to the report, the US Department of Commerce can “stop shipments of chips made by Nvidia and other chipmakers to customers in China and other countries of interest without first obtaining a license.”
The Commerce Department did not immediately respond to CNBC’s request for comment outside of normal business hours.
Such a move would expand Washington’s efforts to prevent China from using advanced chip technology.
The United States implemented rules to isolate China from advanced chip equipment in October.
In May, Beijing banned Chinese operators of critical information infrastructure from purchasing products from Micron Technology, saying the US memory chip maker posed a “major security risk”.
Washington reportedly urged South Korea not to allow domestic chipmakers to fill Micron’s void in China.
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