| Cambricon Technologies Co, a Chinese artificial intelligence chip startup backed by Alibaba Group Holding Ltd, said on Monday that it aims to have one billion devices using its semiconductor intellectual properties in three years. The move is part of China's broad push to build world-class AI processor companies that can rival Intel Corp, Qualcomm Inc and Nvidia Corp in future. Chen Tianshi, CEO of Cambricon, which is valued at $1 billion, said: "We aim to account for 30 percent of China's high-performance AI chip market in three years. The goal is within our reach." According to Chen, the new chips unveiled are far better than the traditional general purpose processors in boosting image and speech recognition. The chips also boast higher integration density, making them ideal for many devices. Sun Ninghui, director of the Institute of Computing Technology at CAS, said "Cambricon is playing a pioneering role in the global AI semiconductor sector. More efforts are needed to partner with industrial chain partners, so that China is likely to lead the development of AI in the world." In July, China unveiled a national plan to build a 1 trillion yuan ($152.5 billion) AI core industry by 2030, and said developing homegrown AI processors is an important part of the ambitious goal. |
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AI Chip Startup Sets 1b Target