Jack Ma-backed Ant touts AI breakthrough using Chinese chips, Bloomberg says

Jack Ma-backed Ant Group used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, Bloomberg’s Lulu Yilun Chen reports, citing people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba (BABA) and Huawei Technologies to train models using the so-called Mixture of Experts machine learning approach, the people said. It got results similar to those from Nvidia (NVDA) chips like the H800, they said. Hangzhou-based Ant is still using Nvidia for AI development but is now relying mostly on alternatives including from AMD (AMD) and Chinese chips for its latest models, one of the people said.