Russian bank eyes Chinese chips to power GigaChat AI

Worried about AI computing power shortages? Russia's Sberbank has a plan: use Chinese-made chips to power its AI model 'GigaChat'. This reflects Russia's lag in AI behind China and the US, and its heavy reliance on imported electronics in key industries.

According to Reuters, Sberbank CEO German Gref wants Chinese chips for GigaChat. But it won't be easy—Chinese tech giants like ByteDance, Alibaba, and Tencent are all rushing to buy Huawei's Ascend 950 chips, making competition fierce. Sberbank hasn't said which chip it wants yet.

Simply put, Russia wants to catch up in AI, but chip supply is a big hurdle. If you're watching AI computing trends, keep an eye on China's chip supply chain—there might be new opportunities ahead.