China's ByteDance boosts efforts for self-designed AI chips - report [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Seeking Alpha
ByteDance is planning for mass manufacturing of two semiconductors it has designed by 2026, in collaboration with Taiwan Semiconductor Manufacturing ( TSM ), the report added citing people familiar with the matter. The move could reduce the Chinese company's reliance on costly Nvidia ( NVDA ) chips for developing and operating AI models, the report added. China's cloud services market has seen a price war with players such as Baidu ( BIDU ) Alibaba ( BABA ), ByteDance ( BDNCE ), Tencent ( OTCPK:TCEHY OTCPK:TCTZF ) and iFlytek cutting prices of their large language models, or LLMs, which power AI chatbots. Reducing chip costs is a need for ByteDance. Last year the company released its first AI chatbot Doubao which provides generative AI content of text- and image. This year, ByteDance announced a group of low-cost LLMs, some of which cost up to 99% less than comparable offerings from OpenAI for generating a token — a word or part of a word generated by the models. Microsoft ( MS
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