artificial-intelligence accelerators that are considered the best for training AI models. The new US restrictions ban a wider swath of products from being shipped to China or Chinese customers, including more of the Nvidia Corp. The company’s shares tumbled more than 8% in pre-market trading in the US. “The recent expansion of US restrictions on export of advanced computing chips has created uncertainties for the prospects of Cloud Intelligence Group,” Alibaba said in a statement accompany its earnings release on Thursday. The Biden administration’s efforts to prevent the Chinese government from obtaining cutting-edge chips for military applications are now affecting the country’s private sector in unexpected ways. in acknowledging difficulties brought about by the US curbs announced last month. The Chinese e-commerce leader joins Tencent Holdings Ltd. scrapped plans to fully spin off its cloud computing unit, citing the impact from US policies restricting China’s access to advanced semiconductors.
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