China accelerates push to develop AI chips to rival US

China is making strides in developing high-end artificial intelligence microchips, aiming to ease Washington's restrictions on exporting these crucial components. While the goal is ambitious, experts caution that China may still struggle to match the technical sophistication of US giant Nvidia within the next decade. Opting for self-sufficiency in chip production, China is on a quest to secure chips that policy cannot take away."China wants chips that policy cannot take away," noted Stephen Wu, founder of the Carthage Capital investment fund. Analysts highlight the significant challenges China faces in attaining full equivalence with Nvidia's cutting-edge chips by 2030. These hurdles…