Chinese tech firms have historically relied on sector leader Nvidia but Washington’s tech curbs have prompted a shift away from the US firm

The foray by Ant into financial AI is notable as the company founded by billionaire Jack Ma is China's biggest fintech firm

China is changing its approach to AI amid a slowdown and debt crisis in its real estate sector — which has accounted for nearly a quarter of the country’s economic output

The three, along with 26 other other signatories signed the "Bletchley Declaration" at the AI Safety Summit in Britain on Wednesday

Andrew Ng, one of the founders of Google Brain and a Stanford University professor, warns that Big Tech companies are keen to trigger heavy regulation to reduce competition in the AI sector

Chinese tech giants, including Alibaba, ByteDance and Baidu, had placed orders worth billions for 2024 and Nvidia had planned to deliver some of them by mid-November

New order will require developers of AI systems that pose risks to security, the economy, health or safety to share test results, while officials set standards for key chemical, biological, radiological, nuclear, and cyber risks

Up until now Japan, the US and countries in Southeast Asia have taken a more hands-off approach than the EU and Canada to AI innovation

Industry analysts said the breakthrough by the country’s leading memory chip producer was a "surprise technology leap"

A push since last year to replace all Western equipment in critical sectors with domestic alternatives 'has re-drawn entire sub-sectors' of China's software industry

In a filing to the SEC, Nvidia noted five chips that will be impacted as the rules go into effect: the A100, A800, H100, H800, and L40S

Analysts say the US move last week to expand its export controls may allow the Chinese tech giant to fill the void created by the ban on Nvidia's popular artificial intelligence chips