SHANGHAI: US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious artificial intelligence (AI)-powered projects, analysts say. The curbs now also target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere. "China's tech champions face an uncertain future in the wake of the October 17 controls." 'Recalibrate their bombasts'The US chip controls are yet another blow to China's tech sector, which was already suffering from the economic impact of the Covid pandemic and Beijing's regulatory crackdown against some of the country's biggest firms. But the impact of the sanctions has been brought into sharp focus by the cloud spin-off scrapping by Alibaba, and China's once high-flying tech companies are facing major uncertainty going forward.
Source: Manila Times November 19, 2023 04:10 UTC