Nvidia Corp.’s HGX H100 artificial intelligence supercomputing graphics processing unit (GPU) is seen in a showroom at the company’s office in Taipei, Taiwan, Friday, June 2, 2023.
Zheng Yihua | Bloomberg | Getty Images
Chinese artificial intelligence stocks fall on Wednesday The Wall Street Journal reports The United States plans to impose new restrictions on the export of artificial intelligence chips to China.
According to the Wall Street Journal, U.S. chipmakers Nvidia That move, which could happen as early as July, will be affected.
Nvidia Produces graphics chips that drive the technology behind OpenAI’s ChatGPT and Alphabet’s Bard chatbot.
Affected by the news, the CSI Artificial Intelligence Index in Asian stocks fell 3% on Wednesday.Shenzhen stock exchange Inspur Electronic Information Industry fell 10%, and Chengdu Information Technology of the Chinese Academy of Sciences fell nearly 8%. These companies mainly produce computers and software.
Other Chinese artificial intelligence stocks also fell. Shares in Hong Kong-listed Alibaba, which launched its own version of the viral chatbot ChatGPT, fell about 1.6 percent, while Tencent, which is building its own artificial intelligence model, fell 1.58 percent.
The Wall Street Journal quoted people familiar with the matter as saying that the United States is increasingly concerned about China’s ability to use artificial intelligence to achieve technological advancement.
The U.S. Department of Commerce may “stop shipping chips produced by Nvidia and other chipmakers to customers in China and other relevant countries without prior approval,” the report said.
The Commerce Department did not immediately respond to CNBC’s request for comment outside normal business hours.
The move would expand Washington’s efforts to block China’s access to advanced chip technology.
The United States implemented rules in October to cut off the supply of advanced chip equipment from China.
In May, Beijing banned Chinese critical information infrastructure operators from purchasing Micron products, saying the U.S. memory chip maker posed a “significant security risk.”
Washington also reportedly urged South Korea not to allow its domestic chipmakers to fill Micron’s China presence.
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