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Takeaways from the Key Notes
- Nvidia is said to have added hundreds of employees in China, this year. The company wants to improve its research and focus more on technologies for autonomous vehicles.
- Bloomberg reports that Nvidia’s workforce will reach 4,000 by the end of 2024, up from 3,000 people at the beginning of the year.
- Nvidia, the company whose AI chips have fuelled the AI boom in the past decade, has decided to increase its Chinese self driving car operation. This comes amid a continuing tech battle between China and the U.S.
Nvidia, NVDA has reportedly increased its staff by hundreds in China during this year. The company is focusing on developing autonomous driving technologies and improving their research.
Bloomberg estimates that Nvidia’s workforce in China will be around 4,000 by 2024. The number of employees has increased from 3,000 to 6,000 since the beginning of this year. According to the report, which cites people who are familiar with operations, the artificial intelligence chip company added 200 new employees in Beijing for its self-driving car research team.
Nvidia did not immediately reply to an inquiry for comment.
Nvidia Caught up in China-US Tech War
Nvidia, whose AI chips are at the heart of the AI boom, is now stepping up its Chinese autonomous car operation. This comes amid a tech battle between China and the U.S.
China said earlier in the week it was looking into antitrust issues regarding Nvidia’s acquisition by 2020 of Israeli-American network hardware maker Mellanox Technologies.
The U.S. will limit sales of advanced chips to China in October 2022. Nvidia modified their products so that they can continue to sell them to the Asian country. Earlier this month, the Biden administration increased curbs on semiconductor-related exports to China as part of measures to hobble the Asian nation’s chip-making ambitions.
Stocks in this chipmaker fell about 0.5% during premarket trading, but have risen more than 180% since the beginning of 2018.
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