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"The goal truly is channels of communication and ensuring we don't veer into conflict - simple as that," said a senior Biden administration official. The Biden administration wants to counter the country's growing military without provoking a conflict and to push back on what it considers unfair business practices while avoiding an all-out trade war. "The criticism we get from some on (Capitol) Hill and some in the academic community, of course, is that competing means you can't talk to China," said the administration official. NO DELAY IN CHINA POLICIESAdministration officials acknowledge China may see the U.S. push to engage as a chance to weaken or slow Washington's policies targeting China, particularly on exports in strategic industries such as semiconductors, but deny that this is happening. The administration official denied the delays were to avoid upsetting China but were about "getting the technical pieces right, and balancing economic impact on our own domestic competitiveness."
Persons: Antony Blinken, Leah Millis, Biden, Joe Biden, Xi Jinping, Ivan Kanapathy, Travis King, China –, Xi, San Francisco – doesn't, Mike Gallagher, Michael Martina, Humeyra Pamuk, Don Durfee Organizations: U.S, State Department, REUTERS, Rights, Biden, China, gaslight, White House National Security, Economic Cooperation, Republicans, China's Communist Party, CCP, Democratic, Inspur, Diplomats, Blinken, Thomson Locations: Mexico, Washington , U.S, United States, China, Beijing, U.S, stonewall, Asia, North Korea, San Francisco, CHINA, South China, Lincoln
"The U.S. could account for some 55% (of the growth), but China is likely to be the world's second largest AI market with over 6% share. Computing power serves as the foundation for AI development and ByteDance, Tencent, Alibaba and Baidu, as a group are the world's second largest buyers of AI chips (12%)," they added. A key driver will be AI cloud services, they said . Stock picks CLSA named Baidu , Alibaba and Tencent as the "cheapest AI plays" that will "lead China's AI innovation." "Alibaba, Baidu and Tencent are trading at only 8.8x, 13.1x and 15.6x 24 [months] adj[usted] P/E (price-to-earnings) which only reflect the value of their traditional businesses.
Persons: CLSA, Stock, — CNBC's Michael Bloom Organizations: Baidu, International Data Corporation, Inspur, Tsinghua University, Hong Locations: U.S, China, Hong Kong
Hong Kong CNN —Nvidia warned Wednesday that if the United States imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry. The rules, as reported, could make it harder for companies like Nvidia (NVDA) to sell advanced chips to China. Fueled by a boom in demand for its AI chips, the company briefly hit a market capitalization of $1 trillion in late May. We do not anticipate any immediate material impact on our financial results,” Kress added. Chinese AI stocks suffered much heavier losses.
Persons: Colette Kress, , ” Kress, , Biden, ” Jefferies Organizations: Hong Kong CNN, Nvidia, Wall Street, Financial Times, US Department of Commerce, CNN, Bloomberg, Chengdu Information Technology, Chinese Academy of Sciences, Baidu, Biden, Micron Technology Locations: Hong Kong, United, China, Washington, Shenzhen, Chengdu, ChatGPT, Beijing
A Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) at the showroom of the company's offices in Taipei, Taiwan, on Friday, June 2, 2023. China's artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is planning to impose new curbs on shipments of AI chips to China. According to the Journal, U.S. chip makers such as Nvidia will be affected by the move which could happen as early as July. China's CSI artificial intelligence index fell 3% on that news on Wednesday in Asia. The Shenzhen-traded shares of Inspur Electronic Information Industry slumped 10% and Chengdu Information Technology of Chinese Academy of Sciences dropped nearly 8%.
Persons: OpenAI's ChatGPT, Bard chatbots, Organizations: Nvidia Corp, Wall Street Journal, Journal, Nvidia, CSI, Industry, Chengdu Information Technology, Chinese Academy of Sciences Locations: Taipei, Taiwan, China, Asia, Shenzhen, Chengdu, Hong Kong, U.S
However, for investors who might have missed that run-up in such stocks, HSBC has identified four Chinese stocks that are still set to benefit from the growing trend. The bank believes that demand for training these artificial intelligence systems will be the critical driver for A.I. The table below shows four stocks, all of which are specialist hardware manufacturers targeting AI systems, HSBC is bullish toward: The bank's positive outlook on A.I. According to the Asia-focused investment bank, there are significant opportunities within hardware supply chains and software providers when investing in new developments within A.I. Other stocks HSBC highlighted include A.I.
U.S. reviewing China's Inspur Group entity listing
  + stars: | 2023-03-07 | by ( Karen Freifeld | ) www.reuters.com   time to read: +1 min
March 7 (Reuters) - The United States is reviewing China's Inspur Group Co Ltd's entity listing and will update it as appropriate, a spokesperson for the U.S. Department of Commerce said. The United States last week added Inspur to its trade blacklist for allegedly acquiring U.S.-origin items in support of the China's military modernization efforts. The listing means that companies cannot sell Inspur items like semiconductors, which are made with U.S. tools, unless they apply for and get licenses, which are likely to be denied. Nvidia Corp (NVDA.O), Advanced Micro Devices Inc (AMD.O) and other U.S. firms are racing to assess whether they must halt sales to units of China's Inspur Group Ltd after its addition to the list. Reporting by Karen Freifeld; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
March 7 (Reuters) - Nvidia Corp (NVDA.O), Advanced Micro Devices Inc (AMD.O) and other tech firms are scrambling to assess whether they must halt sales to units of China's Inspur Group Ltd after its addition to a U.S. export blacklist last week. The United States last week added Inspur to its trade blacklist for allegedly acquiring U.S.-origin items in support of the China's military modernization efforts. Executives from AMD and Nvidia were questioned about dealings with Inspur Group Co Ltd. at an investor conference on Monday. An Nvidia spokesperson declined to comment beyond her remarks. An AMD spokesperson did not return a request for additional comment on AMD Chief Technology Officer Mark Papermaster's remarks made at the same conference.
REUTERS/Eric ThayerMarch 2 (Reuters) - The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI (300676.SZ) and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the units pose a "significant risk" to contributing to Chinese government surveillance. The Commerce Department accused Inspur of acquiring and attempting to acquire U.S. goods to support China's military modernization efforts. Commerce added 26 other Chinese entities to the list - which makes it hard for targeted companies to receive shipments of U.S. goods from suppliers. In 2020, the Commerce Department added two units of BGI Group, the world’s largest genomics company, to its economic blacklist over allegations it conducted genetic analyses used to further the repression of China’s minority Uyghurs.
Factbox: Chinese tech firms working on ChatGPT-style technology
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: +3 min
[1/2] A response in Chinese by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. Like Microsoft and Google,Chinese tech giants such as Baidu and Alibaba (9988.HK) as well as smaller start-ups have been working on AI projects for years. The e-commerce giant said large language models and generative AI have been areas of focus since it formed its research institute Damo Academy in 2017. NETEASEGaming firm NetEase (9999.HK) plans to deploy large language models technology to serve its education business, a source familiar with the company told Reuters on Feb. 8. 360 SECURITY TECHNOLOGY INC360 Security Technology Inc (601360.SS) said on Feb. 8 it possessed language model technology but that it could not give a clear indication on when it would launch any related products.
OAKLAND, Calif., Nov 7 (Reuters) - U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands. In late August, Nvidia and Advanced Micro Devices Inc AMD.O both said that their advanced chips, including Nvidia's data center chip A100, were added to the export control list by the Commerce Department. The Nvidia A800 can be used in place of the A100, and both are GPUs, or graphics processing units. "The Nvidia A800 GPU, which went into production in Q3, is another alternative product to the Nvidia A100 GPU for customers in China. At least two Chinese websites by major server makers offer the A800 chip in their products.
OAKLAND, Calif., Nov 7 (Reuters) - U.S. chip maker Nvidia Corp (NVDA.O) is offering a new advanced chip in China that meets recent export control rules aimed at keeping cutting-edge technology out of China's hands, the company confirmed on Monday. In late August, Nvidia and Advanced Micro Devices Inc AMD.O both said that their advanced chips, including Nvidia's data center chip A100, were added to the export control list by the U.S. Commerce Department. The Nvidia A800 can be used in place of the A100 and both are GPUs, or graphics processing units. "The Nvidia A800 GPU, which went into production in Q3, is another alternative product to the Nvidia A100 GPU for customers in China. At least two Chinese websites by major server makers offer the A800 chip in their products.
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