2025-08-29
15 分钟Plugging the NVIDIA gap, we report on Alibaba's new Chinese-made AI chip.
Plus, prepare for sticker shock as higher prices are coming for household staples.
And why markets have kept calm and carried on in the face of Trump's move to remake the Fed.
The people he's proposing, or at least the people who are leading...
candidates to replace Jay Powell as the chairman are actually perfectly mainstream candidates that could have been picked by any Republican president without the markets reacting at all.
It's Friday, August the 29th.
I'm Azhar Sukri for The Wall Street Journal.
Here is the AM edition of What's News,
the top headlines and business stories moving your world today.
We are exclusively reporting that China's biggest cloud computing company, Alibaba,
has developed a new chip for a broad range of artificial intelligence tasks.
As we were discussing yesterday,
Nvidia has run into regulatory hurdles to selling its products in China,
leaving a gap in that market, one that Alibaba is looking to fill.
Asia business editor Peter Landers told us more about how China is building up its arsenal of homegrown technology and the limitations it still faces.
This chip is going to be made in China,
unlike some of the earlier chips that Alibaba made for its own use that were made by Taiwan Semiconductor Manufacturing.
We don't know yet whether they'll be able to get sufficient supply from their Chinese manufacturer.
Another company called MetaX, more of a startup that has just announced a new chip,
they are using a less advanced technology to manufacture the chips with the hope that they'll be able to use more capacity.