In the News: Alibaba Unveils AI Chip; FTSE Russell Omits Chinese Bonds; and Shanghai to Trial Public Data System

September 29, 2019 | BY

Vincent Chow

Alibaba unveils first in-house chip for AI applications following Huawei's lead; FTSE Russell leaves out Chinese government bonds from major index; and Shanghai releases interim measures to trial public data system

Chip

Alibaba unveils in-house chip designed for AI applications

Alibaba has unveiled its first chip developed for artificial intelligence (AI) applications. Alibaba is the latest technology company to develop its own chip as the Chinese government pushes for companies to be less reliant on traditional semiconductor suppliers, many of which are based in the United States. The Chinese e-commerce giant's new Hanguang 800 is much faster than conventional chips and can cut hour-long computing tasks down to five minutes, its designers say.

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