Ant Group, a major player in the fintech world and backed by Alibaba’s Jack Ma, is making waves with a significant technological breakthrough. They’ve managed to slash AI training costs by 20% using only Chinese-made chips. These chips, crafted by Alibaba and Huawei, are reportedly matching Nvidia’s performance in Ant Group’s internal tests, according to Bloomberg.
This development follows market disruptions caused by DeepSeek, which had previously shaken Nvidia’s stock due to concerns about their chip needs. With Ant Group’s move, we might see a shift in the AI chip market, where Nvidia has long been a dominant force, even as U.S. export rules limit access to its latest Blackwell chip.
Ant Group’s bold step of using domestic tech for AI could have a ripple effect across the industry, especially if these high-performing chips start gaining popularity. It’s a story to watch closely, though neither Ant Group nor Nvidia has commented on this emerging competition yet.
