Big Chinese tech firms scramble to secure Huawei AI chips after DeepSeek V4 launch

Demand for Huawei’s Ascend 950 AI chips has surged following the release of DeepSeek’s V4 artificial intelligence model that runs on the Shenzhen-based tech firm’s chips, with major Chinese internet firms rushing to secure orders, three people familiar with the matter said. China’s biggest internet firms including ByteDance, Tencent 0700.HK and Alibaba 9988.HK are reaching […]

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