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Chinese language electrical automotive firm Nio mentioned it does not count on U.S. restrictions on Nvidia to have an effect on the start-up’s enterprise operations.
Vcg | Visible China Group | Getty Pictures
Li mentioned Wednesday there are numerous corporations in China with synthetic intelligence coaching chips, and that Nio is evaluating alternatives to work with completely different corporations.
However he mentioned the U.S. restrictions wouldn’t have an effect on Nio’s long-term technique.
Final week, automaker Geely mentioned it won’t be affected by the new restrictions, as did autonomous driving start-ups WeRide and Pony.ai.
Earlier this week, Chinese language monetary information website Caixin reported that He Xiaopeng, chairman of electrical automotive start-up Xpeng, mentioned the restrictions would carry challenges for all autonomous driving algorithm coaching on cloud computing platforms.
However he mentioned the corporate has purchased sufficient of the high-tech merchandise to satisfy demand for the approaching years, in keeping with the report. Caixin cited He is publish on a private WeChat account, which has similarities to a personal Fb information feed publish.
Xpeng didn’t instantly reply to a CNBC request for remark.
— CNBC’s Arjun Kharpal contributed to this report.
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