Alibaba Group Holding Limited (NYSE: BABA) and its Chinese peers' artificial intelligence ambitions might face the brunt of the escalating U.S.-China geopolitical tensions manifesting as the West's advanced artificial intelligence technology embargo on its Asian counterpart.
All of these are weighing on China's lackluster economy, fueled by the property crisis and the Israel-Gaza war.
The processing speeds of Alibaba and Baidu, Inc's (NASDAQ: BIDU) most advanced AI chips fall within new thresholds disclosed by the U.S. this week.
The sanctions will also ...