The US semiconductor outfit made the prediction as it unveiled two new AI chips as it bids to compete with sector-leader Nvidia

Gemini is the largest AI model that the company's Google DeepMind AI unit has helped to develop

‘Tianhe Xingyi’ has more CPU computing power and better networking capabilities than its predecessor, Tianhe-2, Xinhua reported

The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says

US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market

The joint public-private project will serve companies like China Telecom and AI firm SenseTime, and see huge savings on land and electricity costs

Dismissing claims of a 'dangerous breakthrough' at OpenAI, Microsoft President Brad Smith said a breakthrough in super-intelligent AI was not likely this year

A bill requiring US companies to notify federal agencies of investment in Chinese technologies is opposed by a key lawmaker who believes Washington needs to invest more in its rival

The closure of the lab is the latest internal change at Alibaba, which surprised investors earlier this month by scrapping its plan to spin-off its cloud business

News of the delay follows analysts concerns around Nvidia’s plan to introduce three new chips for China, as developing new chips can be highly resource-intensive

A letter written by staff researchers to the OpenAI board of directors, in the days before Altman's dismissal, warned of an AI discovery that ‘could threaten humanity’

OpenAI agrees to Altman returning to save the group from collapse; former Salesforce co-CEO Bret Taylor and former US Treasury Secretary Larry Summers will join the new board