Researchers say the TikTok owner's planned spending on computing power 'will drive progress' in China’s artificial intelligence industry

China is scrambling to keep its technology ambitions on track amid rising trade tensions with the US and other western nations

The plan comes as no surprise considering US officials, such as Commerce Secretary Gina Raimondo, have said Chinese tech presents national security risks

Interest in local Chinese partnerships comes at a time when foreign carmakers are quickly losing share in the world’s biggest car market

Research firm Canalys expects that 5% of smartphones shipped globally in 2024, or 60 million smartphones will be AI-capable

China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for some advanced chip orders

The milestone comes just three months after the chatbot was opened to the public following months of trials and scrutiny from Beijing

China's largest search engine saw third-quarter revenue of $4.72 billion as advertisers responded to recent green shoots of recovery

Tencent is the second large Chinese technology company to look for domestic alternatives to Nvidia amid tightening US sanctions

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

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

Baidu, which owns China's largest internet search engine, is at the forefront of the country’s AI model development