- Chinese AI stocks fell on Wednesday after news that the United States was planning to impose further chip restrictions on China.
- China’s CSI artificial intelligence index fell 3.76%. Inspar Electronic Information Industry and Chinese Academy of Sciences Chengdu Information Technology fell 10%.
- The Wall Street Journal reported, citing sources familiar with the matter, that restrictions could come into force as early as next month to prevent Nvidia and other chip makers from selling to Chinese customers. reported to have sex.
Nvidia Corp. HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) in the showroom at the company’s offices in Taipei, Taiwan, Friday, June 2, 2023.
Chen Yihua | Bloomberg | Getty Images
Chinese artificial intelligence stocks fell Wednesday after The Wall Street Journal reported that the United States plans to impose new restrictions on shipments of AI chips to China.
US chip makers such as Nvidia will be affected by the move, which could occur as early as July, according to the magazine.
Nvidia makes the graphics chips that power the technology behind OpenAI’s ChatGPT and Alphabet’s Bard chatbot.
China’s CSI artificial intelligence index fell 3% in Asian markets on Wednesday following the news. Shenzhen-traded Insper Electronic Information Industry shares fell 10%, while Chinese Academy of Sciences Chengdu Information Technology also fell nearly 8%. These companies primarily manufacture computers and software.
Other Chinese AI plays also fell. Hong Kong-listed shares of Alibaba, which launched its own version of the viral chatbot ChatGPT, fell about 1.6%, while Tencent, which builds its own AI model, fell 1.58%.
The WSJ, citing sources familiar with the matter, reported that the United States is growing more concerned about whether China can make technological progress with AI.
The report said the U.S. Department of Commerce could “suspend shipments of chips made by NVIDIA and other chipmakers to customers in China and other countries of concern without obtaining prior license.”
The Commerce Department did not immediately respond to CNBC’s request for comment outside of normal business hours.
Such a move would expand U.S. efforts to block China from advanced chip technology.
In October, the United States implemented rules cutting China off from advanced chip devices.
In May, the Chinese government banned Chinese critical information infrastructure operators from purchasing Micron Technology’s products, saying US memory chip makers pose a “serious security risk.”
The US government has also reportedly asked South Korea not to allow domestic chip makers to fill Micron’s hole in China.
