Chinese technology giant Tencent Holdings on Wednesday said it has a large stockpile of AI chips from U.S. maker Nvidia, but that broadened U.S. restrictions on high-end chip sales to China will eventually impact its cloud services.
President Martin Lau, on an analyst call following Tencent's third-quarter earnings report, said the U.S. decision last month to ban the export to China of more chips used in artificial intelligence (AI) will force the firm to use existing stock more efficiently and seek domestically produced alternatives.
The new rules, however, will impact cloud services where Tencent sells computing power to clients.
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