Chinese language electrical automotive firm Nio stated it does not count on U.S. restrictions on Nvidia to have an effect on the start-up’s enterprise operations.
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Li stated Wednesday there are various firms in China with synthetic intelligence coaching chips, and that Nio is evaluating alternatives to work with completely different firms.
However he stated the U.S. restrictions wouldn’t have an effect on Nio’s long-term technique.
Final week, automaker Geely stated it won’t be affected by the new restrictions, as did autonomous driving start-ups WeRide and Pony.ai.
Earlier this week, Chinese language monetary information web site Caixin reported that He Xiaopeng, chairman of electrical automotive start-up Xpeng, stated the restrictions would deliver challenges for all autonomous driving algorithm coaching on cloud computing platforms.
However he stated the corporate has purchased sufficient of the high-tech merchandise to satisfy demand for the approaching years, in keeping with the report. Caixin cited He is submit on a private WeChat account, which is analogous to a non-public Fb information feed submit.
Xpeng didn’t instantly reply to a CNBC request for remark.
— CNBC’s Arjun Kharpal contributed to this report.