Nio says Nvidia chip restrictions will not damage them

Nio says Nvidia chip restrictions will not damage them
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Chinese language electrical automotive firm Nio mentioned it would not anticipate U.S. restrictions on Nvidia to have an effect on the start-up’s enterprise operations.

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Nio says Nvidia chip restrictions will not damage them

Li mentioned Wednesday there are lots of corporations in China with synthetic intelligence coaching chips, and that Nio is evaluating alternatives to work with totally 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 will not be affected by the brand new restrictions, as did autonomous driving start-ups WeRide and Pony.ai.

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Earlier this week, Chinese language monetary information website Caixin reported that He Xiaopeng, chairman of electrical automotive start-up Xpeng, mentioned the restrictions would convey 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 response to the report. Caixin cited He is publish on a private WeChat account, which is analogous 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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