The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
business2 days ago
China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia in China amid US sanctions, the Wall Street Journal reported on Tuesday, citing sources.
Huawei's latest processor, Ascend 910C, is being tested by Chinese Internet and telecom companies in recent weeks, the report said, adding that Huawei has told potential clients that the chip is comparable to Nvidia's H100.
Huawei did not immediately respond to a Reuters request for comment.
US regulators last year put in place rules that stopped Nvidia from selling its advanced chips, including the H100, to Chinese customers, citing national security concerns.
Nvidia then introduced three chips tailored for China, including the most-closely watched H20 chips. However, in line with US sanctions, H20's computing power had been significantly capped compared to the H100 chips.
The Journal report said Huawei aims to start shipping its newest chip as soon as October.
Companies such as TikTok parent ByteDance, Baidu and China Mobile are looking to obtain the 910C chips.
Initial negotiations between Huawei and potential customers indicate that orders are likely to surpass 70,000 chips, with a total value of around $2 billion, according to the report.
The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
business2 days ago
Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
business4 days ago
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
business4 days ago
Companies had select sellers which hurt smaller players, reports find
business4 days ago
The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
business4 days ago
Common queries highlight a broader need for clarity and understanding
business4 days ago
Northern emirate has announced several investor-friendly measures
business5 days ago
Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
business5 days ago