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Ant Group Co., the Alibaba (BABA)-affiliate powerhouse behind Alipay – one of China’s two dominant mobile payment platforms – has been making notable advancements in artificial intelligence by utilizing a blend of Chinese and U.S.-made semiconductors to enhance its AI model training. According to a Bloomberg report, the Jack Ma-backed firm has developed techniques that slash computing costs by 20%, achieving results comparable to those of Nvidia’s (NVDA) chips.
I thought Ant Group might be behind the Bitmain's Antminer, but ants might just be a popular creature in China?