financetom
Business
financetom
/
Business
/
Ant Group Reportedly Uses Alibaba, Huawei Chips to Train AI Models Amid Nvidia Shift
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ant Group Reportedly Uses Alibaba, Huawei Chips to Train AI Models Amid Nvidia Shift
Mar 24, 2025 4:49 AM

07:20 AM EDT, 03/24/2025 (MT Newswires) -- Alibaba ( BABA ) and Huawei-made semiconductors are reportedly being used by Ant Group to develop cost-efficient artificial intelligence training techniques, multiple media outlets reported Sunday, citing unnamed sources.

Bloomberg, citing people familiar with the matter, reported that Ant is leveraging the Mixture of Experts machine learning technique to reduce training costs by 20%. While it continues to use Nvidia ( NVDA ) chips, Ant is increasingly shifting to domestic and Advanced Micro Devices ( AMD ) alternatives amid the US export restrictions, the report said.

CNBC also reported Sunday that Ant Group is using a combination of Chinese and US-made chips -- from AMD, Huawei, and Alibaba ( BABA ) -- to train its AI models and lessen its reliance on Nvidia ( NVDA ). When inquired by CNBC, Ant declined to provide a comment.

Alibaba ( BABA ) did not immediately respond to requests for comment from MT Newswires.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cyclacel Pharmaceuticals Says David Lazar Buys $3.1 Million in Preferred Stock, Becomes Interim CEO
Cyclacel Pharmaceuticals Says David Lazar Buys $3.1 Million in Preferred Stock, Becomes Interim CEO
Jan 3, 2025
10:49 AM EST, 01/03/2025 (MT Newswires) -- Cyclacel Pharmaceuticals ( CYCC ) said investor David Lazar agreed to buy $3.1 million in preferred stock, and he was named interim chief executive officer. Lazar agreed to buy 1 million shares of series C convertible preferred stock and 2.1 million shares of series D preferred stock at $1 apiece, the company said...
Why AEye (LIDR) Stock Is Trading Higher
Why AEye (LIDR) Stock Is Trading Higher
Jan 3, 2025
AEye Inc ( LIDR ) shares are trading higher by 47% to $2.60 during Friday’s session after the company announced it entered a securities purchase agreement with an institutional investment for $3.24 million in financing. What To Know: The deal includes issuing a senior unsecured convertible promissory note and a warrant for 805,263 shares of common stock. The note, with a 7.4%...
Nippon Steel to sue US government, Nikkei says
Nippon Steel to sue US government, Nikkei says
Jan 3, 2025
TOKYO, Jan 4 (Reuters) - Nippon Steel ( NISTF ) has decided to file a lawsuit against the U.S. government to challenge the appropriateness of the procedures by which President Joe Biden issued an order to block its acquisition of U.S. Steel, the Nikkei business daily reported early on Saturday. ...
Neumora Has 2 More Chances With Navacaprant After Readout Miss, Mizuho Says
Neumora Has 2 More Chances With Navacaprant After Readout Miss, Mizuho Says
Jan 3, 2025
10:47 AM EST, 01/03/2025 (MT Newswires) -- Neumora Therapeutics' ( NMRA ) readout of its first phase 3 trial of navacaprant in major depressive disorder was a significant miss, but the company still has two more chances to go, Mizuho Securities said in a note Friday. Two phase 3 trials are still ongoing, with topline data readouts from both studies...
Copyright 2023-2026 - www.financetom.com All Rights Reserved