Chinese manufacturer – Charm

Alibaba Tests New AI Chip as China Seeks Nvidia Alternatives

Cs news2 weeks ago02 mins

This article first appeared on GuruFocus. Alibaba (BABA, Financials) is testing a new artificial intelligence chip that could give Chinese firms more options as access to Nvidia hardware remains restricted, the Wall Street Journal reported Friday. The chip is built by a Chinese manufacturer and is more versatile than Alibaba’s earlier AI processor, which had…

Tesla short sellers land a $16.2bn payday on stock plunge as rival BYD hits record high on world’s fastest EV recharging tech

Cs news6 months ago6 months ago07 mins

BYD hit a record-high market cap of nearly $160 billion thanks to its latest innovation, while a steep drop in the share price of Elon Musk’s carmaker has lined the pockets of Tesla bears. Musk’s politics appear to be hurting his business, since “it’s not people with cowboy boots who buy Teslas.” Tesla bulls have…