Hello, tech aficionados! Today, we dive into an exciting development in the world of artificial intelligence that could change the game for AI costs.

This year, the fintech powerhouse Ant Group, closely associated with Alibaba’s founder Jack Ma, has announced a significant AI breakthrough that is creating waves in the tech community.

In a stunning reveal, Ant Group has reported that it has managed to cut AI training costs by 20% by leveraging Chinese chips produced by Alibaba and Huawei.

Interestingly, during testing, these Chinese chips demonstrated performance levels akin to those of Nvidia chips, which has been a staple in the AI chip market.

If these Chinese alternatives become widely adopted, it could potentially disrupt Nvidia’s highly profitable position as the leading AI chip producer.

Despite ongoing U.S. export controls, Nvidia chips remain highly coveted, especially in China, indicating a robust competition on the horizon.

As the story unfolds, the reactions from both Ant Group and Nvidia are awaited with keen interest.